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$1,199,000

537 S Kealy Ave, Lewisville, TX, 75057

On MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths5,500 Sq Ft
IndustrialIndustrial
price_per_sqft$218 / sqft
Year BuiltBuilt in 1958

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringCombination, Concrete

Exterior

Lot Size15,703 sqft

Building Information

Year Built2000
Stories1

Land Information

APNR767324
Lot Number1
SubdivisionCb Exteriors Addition
Land UseCommercial
Legal DescriptionCB EXTERIORS ADDITION BLK A LOT 1 (PT)
Census Tract021618
Assessed Land Value$251,254
Assessed Improvement Value$528,134
Assessment Year2025

About this property

5,500 SF Light Industrial Property with Fenced Yard, Old Town Lewisville Rare opportunity to own a versatile 5,500 SF light-industrial property on approximately 0.36 acres in the heart of Old Town Lewisville. The property features a functional combination of office and warehouse space, along with a fenced storage yard providing valuable outdoor storage and operational flexibility. Zoned Light Industrial, the property offers an excellent opportunity for an owner-user, contractor, service business, warehouse operation, or investor seeking a strategically located commercial property in Lewisville. Located just minutes from I-35, the property provides convenient access throughout Lewisville and the greater DFW Metroplex. The established Old Town location offers proximity to major transportation routes, businesses, restaurants, and services. Property Highlights: Approximately 5,500 SF building 0.36-acre lot Light Industrial zoning Office and warehouse space Fenced storage yard Excellent owner-user or investment opportunity Convenient I-35 access Desirable Old Town Lewisville location Flexible space for a variety of business and industrial uses, subject to zoning and city approvals 537 S Kealy Avenue offers the combination of building space, outdoor storage, zoning flexibility, and location that is increasingly difficult to find in Lewisville.

Investor Tools

$1,642,395Estimated Mortgage Balance
$549,670Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,194 /month
Positive
Cash Flow Estimate:
$2,398 /month

Interested in this property?

Robert Maxey

MetroCom Properties, Inc

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$889/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,916
$549,670
2025
$251,254
$528,134
$779,388
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,916
$549,670

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Robert And Elizabeth Gavitt Revocable Tr
Unknown
$726,200
No
First
Apr 29, 2022
Mar 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,642,395
N/A
0%
299%
$10,520/mo

City: Lewisville

537 S Kealy Ave | Property Details | No Agent List