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10941 State Highway 78 10,315 SF 100% Leased Office Building Lavon, TX 75166 For Sale 7.50% Cap Rate
Investment Highlights
- 3-Story Office Investment Sale
- 10,315 SF/3 Story Office/Retail Building
- 7.50% Pro Forma Based Cap Rate
- Highway 78 Frontage, Just Off SH-205
Executive Summary
M&D CRE is pleased to offer a prime investment opportunity in the growing market of Lavon, TX. This asset features a 10,315 SF three-story office/retail building. With a pro forma cap rate of 7.50%, the property provides significant upside potential through lease-up and operational optimization based on market rents and vacancy assumptions. The office/retail building is well-positioned for mixed-use tenancy. The ground floor is currently operated by the owner as a fully equipped fitness center, with all equipment and inventory to convey with the sale—allowing for immediate business continuity or re-tenanting. The second floor is configured as standard office space, currently owner-occupied. The third floor is built out as a luxury residential unit, offering flexibility for conversion to retail, professional office, or continued residential use. Strategically located on Highway 78 with exposure to over 22,113 vehicles per day and just off the intersection with State Highway 205, the property offers exceptional visibility and accessibility—factors that will drive tenant demand and long-term value. This property is well-suited for an investor or owner-user seeking to capitalize on future leasing potential in a high-growth corridor.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
10,315 SF
Building Class
B
Year Built
2014
Cap Rate
7.50%
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,315 SF
Building FAR
0.46
Lot Size
0.52 AC
Zoning
None - Outside of City Limits
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R-6121-003-0970-1 | Improvements Assessment | $1,702,508 CAD |
| Land Assessment | $310,256 CAD | Total Assessment | $2,012,764 CAD |
Property Taxes
Parcel Number
R-6121-003-0970-1
Land Assessment
$310,256 CAD
Improvements Assessment
$1,702,508 CAD
Total Assessment
$2,012,764 CAD
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10941 State Highway 78
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