Standalone Medical Office
For Sale
$899,000
7617 Lakeview Parkway, Rowlett, TX 75088
CommercialSale, Rowlett, TX
Property Size3,910 SF
Lot Size1.01 Acres
Price / SF$229.92
Days on Market43
Property Features for 7617 Lakeview Parkway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
C-2
Security features
Security
Subdivision
Johnson Medical Office
Directions
See map.
Standard status
Active
APN
440030000A0010000
Lot size
1.01 Acres
Taxes and HOA fees
Tax Description
JOHNSON MEDICAL OFFICE BLK A LOT 1 ACS 1.0096
Tax Annual Amount
14836
Legal Description
JOHNSON MEDICAL OFFICE BLK A LOT 1 ACS 1.0096
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Natural Gas
Cooling system
Zoned, Electric, Ceiling Fan(s), Central Air, Multi Units
Water source
Public
Building Details
Year built
1988
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Roof type
Composition
Listing Agency:
RLR Homes, LLC
(214) 288-9184
Listed By:
Chance Johnson · License #523160
(214) 288-9184
Added: Jul 12
Changed: Aug 23
Last Checked: Aug 23 at 7:06PM
MLS# 20830556
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This standalone medical office property offers 3,910 SF of leasable space on 1.01 acres. The existing layout includes 7 exam rooms, an X-ray room, 5 administrative offices, 3 restrooms, and a break room. Vinyl flooring, zoned heating, and multi-unit cooling are in place, along with public water and public sewer. The building was constructed in 1988 and has a composition roof.
Located at 7617 Lakeview Parkway in Rowlett, the property fronts State Highway 66, a heavily trafficked thoroughfare. Baylor Scott & White Medical Center (Lake Pointe) Hospital is 1.4 miles away, while Texas Health Presbyterian Hospital Rockwall is 7.3 miles from the site. The property is identified for medical, dental, veterinary, spa, and stand-alone office use.
Located at 7617 Lakeview Parkway in Rowlett, the property fronts State Highway 66, a heavily trafficked thoroughfare. Baylor Scott & White Medical Center (Lake Pointe) Hospital is 1.4 miles away, while Texas Health Presbyterian Hospital Rockwall is 7.3 miles from the site. The property is identified for medical, dental, veterinary, spa, and stand-alone office use.
Key Highlights
- 3,910 SF leasable medical office building on 1.01 acres
- Existing clinical layout with 7 exam rooms and an X‑ray room
- 5 administrative offices, 3 restrooms, and a break room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,592
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,111,840
$1.1M
Cap Rate 7%
$794,171
$794.2K
Cap Rate 9%
$617,689
$617.7K
Market Conditions
NOI Build-Up for 3,910 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$101.8K $26.04/SF
− Vacancy
−$9.2K −$2.34/SF
EGI
$92.7K $23.70/SF
− OpEx
−$37.1K −$9.48/SF
NOI
$55.6K $14.22/SF
Area
Dallas County, TX
Vacancy
9.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,111,840
Cap Rate 7%
$794,171
Cap Rate 9%
$617,689
Alternative Uses
Best Use
Healthcare Medical
$794.2K
$694.9K – $926.5K
NOI $55,592 @ 7.0% cap · market cap 6.18%
Second Best
Office B
$791.8K
$692.8K – $923.7K
NOI $55,424 @ 7.0% cap · market cap 6.17%
Theoretical Best
Multifamily LT 5
$46.87M
$41.01M – $54.68M
NOI $3,280,746 @ 7.0% cap · market cap 364.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75088, TX
26,899
Population
10,168
Households
2.6
Avg Household Size
40
Median Age
37%
College-Educated
94%
High-School Grad
9.3 sq mi
ZIP Area
2,892
Density / Sq Mi
$105,064
Median Household Income
$54,587
Median Earnings
$1,899
Median Rent
$326,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Petco Vaccination Clinic — 8809 Lakeview Pkwy Ste 116, Rowlett, TX 75088
Frequently Asked Questions
What type of property is this?
Medical Office Space - Clinical layout includes exam, imaging, administrative, and staff support areas within an established office setting.
Where is this medical office space located?
The property is located at 7617 Lakeview Parkway Rowlett, TX.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 3,910 SF leasable medical office building on 1.01 acres; Existing clinical layout with 7 exam rooms and an X‑ray room; 5 administrative offices, 3 restrooms, and a break room
