Two-Story Office
For Sale
$699,000
105 N Lakeview Dr, Lake Dallas, TX 75065
Flexible commercial layout with private offices, kitchens, bathrooms, and separate room configurations for varied business operations.
Property Size3,000 SF
Price / SF$233
Days on Market72
Property Features for 105 N Lakeview Dr
General Information
Standard status
Active
Size
3,000 SF
Additional Details
Office Units
10
Building Details
Year Built
2020
Buildings
1
Stories
2
Listing Agency:
Gallery Realtors
Listed By:
Kayli Coffman · License #0707907
(972) 436-2422
Source:
Minteerteam
Added: Aug 4
Changed: Sep 15
Last Checked: Oct 7 at 4:30PM
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.
Built in 2020, this approximately 3,000-square-foot office building is arranged across two floors with multiple private rooms and adaptable workspace configurations. The first floor includes a reception area, three standard offices, a larger two-room office, a full kitchen, a washer and dryer closet, and two bathrooms. The upper level provides an entry area, kitchen, bathroom, and six offices, along with additional storage space.
Located at 105 N Lakeview Dr in Lake Dallas, Texas, the property is configured for professional office use and can accommodate separate occupancy of floors or individual rooms. The existing layout includes features that support office, wellness, medical, and beauty-related operations, subject to applicable requirements. Its limited prior use and recent construction provide a contemporary office setting for an owner-user or multi-occupant arrangement.
Located at 105 N Lakeview Dr in Lake Dallas, Texas, the property is configured for professional office use and can accommodate separate occupancy of floors or individual rooms. The existing layout includes features that support office, wellness, medical, and beauty-related operations, subject to applicable requirements. Its limited prior use and recent construction provide a contemporary office setting for an owner-user or multi-occupant arrangement.
Key Highlights
- Approximately 3,000 SF office building completed in 2020
- Two‑floor layout with multiple private offices and adaptable room configurations
- First floor includes reception, four office areas, full kitchen, laundry closet, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,715
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,300
$834.3K
Cap Rate 7%
$595,929
$595.9K
Cap Rate 9%
$463,500
$463.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$74.2K $24.72/SF
− Vacancy
−$18.5K −$6.18/SF
EGI
$55.6K $18.54/SF
− OpEx
−$13.9K −$4.64/SF
NOI
$41.7K $13.91/SF
Area
Denton County, TX
Vacancy
25.00%
Lease Rate
$24.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,300
Cap Rate 7%
$595,929
Cap Rate 9%
$463,500
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.
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Open Analytics
Current Use
Lease Details
10
Office units
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
Explore this area
Business Placement
Demographics for 75065, TX
12,770
Population
5,125
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
85%
High-School Grad
8.3 sq mi
ZIP Area
1,539
Density / Sq Mi
$98,284
Median Household Income
$43,673
Median Earnings
$1,659
Median Rent
$302,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Flexible commercial layout with private offices, kitchens, bathrooms, and separate room configurations for varied business operations.
Where is this office building located?
The property is located at 105 N Lakeview Dr 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: Approximately 3,000 SF office building completed in 2020; Two‑floor layout with multiple private offices and adaptable room configurations; First floor includes reception, four office areas, full kitchen, laundry closet, and two bathrooms
