Lake Dallas Commercial Building For
105 N Lakeview Drive Lake Dallas, TX 75065
For Sale
$699,000
Commercial building in Lake Dallas suitable for various business uses.
Property Size3,000 SF
Price / SF$233
Days on Market100
Property Features for 105 N Lakeview Drive
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Building Details
Year Built
2020
Listing Agency:
Gallery Realtors
(972) 436-2422
Listed By:
Kayli Coffman · License #0707907
(702) 204-3557
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 17 at 8:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gallery Realtors
Investment Insights
Based on property information with market context.
This commercial building in Lake Dallas presents an opportunity for various uses. The property offers the flexibility to rent out floors separately, with multiple rooms on each floor that can be rented individually or together. The building is suitable for a beauty spa, insurance offices, or medical offices. The property, with a size of 3000 square feet, is in like-new condition and has been barely used. The top floor has one room in use, with the remainder utilized for storage. The downstairs area was previously set up for a wellness clinic but can accommodate various businesses. The first floor features a built-in greeting area, three regular-sized offices, one double-large office, a full kitchen, a washer and dryer closet, and two bathrooms. The upstairs area includes an entry, a kitchen, a bathroom, and six offices. This property is located in Lake Dallas, Texas.
Key Highlights
- Versatile commercial building suitable for various businesses.
- Potential for multiple rental income streams.
- Almost brand new construction (built in 2020) with minimal use.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.2k | $24.72 |
| − Vacancy | −$18.5k | −$6.18 |
| EGI | $55.6k | $18.54 |
| − OpEx | −$13.9k | −$4.64 |
| NOI | $41.7k | $13.91 |
3,000 SF · lease $24.72/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$595.9K
$521.4K – $695.3K
NOI $41,715 @ 7.0% cap · market cap 5.97%
Second Best
Healthcare Medical
$580.0K
$507.5K – $676.6K
NOI $40,597 @ 7.0% cap · market cap 5.81%
Theoretical Best
Multifamily LT 5
$41.95M
$36.71M – $48.95M
NOI $2,936,729 @ 7.0% cap · market cap 420.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial building in Lake Dallas suitable for various business uses.
Where is this medical office space located?
The property is located at 105 N Lakeview Drive Lake Dallas, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Versatile commercial building suitable for various businesses.; Potential for multiple rental income streams.; Almost brand new construction (built in 2020) with minimal use.
