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$631,869

1502 S State Highway 121, Lewisville, TX, 75067

Off MarketInfo
CommercialInfo
Beds3 Beds
Baths1 Bath
Baths964 Sq Ft
RetailRetail
price_per_sqft$684.65 / sqft
Year BuiltBuilt in 1967

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating GasHeating Gas
FlooringOther

Exterior

Lot Size1.45 acres

Building Information

Year Built1967
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR18777
SubdivisionWm King
Land UseAgriculture / Farming
Legal DescriptionA0697A WM KING, TR 40, 1.45 ACRES
Census Tract021739
Assessed Land Value$631,620
Assessed Improvement Value$249
Assessment Year2025

About this property

Great location for business with very high traffic count. This area has been included in the opportunity zone of Lewisville for 121 south. Great opportunity to start a new business or relocate an existing business in Lewisville and make the most of the location. The growing area offers a multitude of growth potential for future investments and business. Please check The City of Lewisville Website for more information and to verify opportunity zones in Lewisville. Information is not guaranteed and should be verified by the buyer and buyer's agent. Additional acreage could be available as well.

Investor Tools

Property Icon
$631,869
Estimated Property Value
$25,000Estimated Mortgage Balance
$607,309Estimated Equity
96% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,960 /month
Positive
Cash Flow Estimate:
$1,320 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,173/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,920
$631,869
2025
$631,620
$249
$631,869
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,920
$631,869

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Maria Moreno & Adrian Flores
Unknown
$25,000
No
First
May 5, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$24,560
$607,309
96%
4%
$150/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lewisville

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1502 S State Highway 121 | Property Details | No Agent List