Two-Story Office
New
For Sale
$699,000
105 N Lakeview Drive, Lake Dallas, TX 75065
Commercially zoned office property with adaptable room configurations across two floors.
Property Size3,000 SF
Days on Market4
Property Features for 105 N Lakeview Drive
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Zoning
commercial
Additional Details
Office Units
10
Building Details
Building Size
3,000 SF
Year Built
2020
Buildings
1
Stories
2
Units
1
Listing Agency:
Gallery Realtors
(702) 466-6075
Listed By:
Chase Coffman
(702) 466-6075
Source:
Vickiesteam
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 21 at 1:46PM
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 two-story commercial office property offers a room-by-room layout suited to professional, wellness, and medical-oriented operations. The first floor includes a reception area, three standard offices, one larger double office, a full kitchen, washer and dryer closet, and two bathrooms. The upper level contains an entry area, kitchen, bathroom, and six offices, with additional storage use noted on that floor.
The interior configuration supports separate use of individual rooms, offices, or floors, subject to applicable requirements. The building was previously arranged for a wellness clinic, while the existing office layout also accommodates general commercial office use. Its location is 105 N Lakeview Drive in Lake Dallas, Texas, and the property carries commercial zoning.
The interior configuration supports separate use of individual rooms, offices, or floors, subject to applicable requirements. The building was previously arranged for a wellness clinic, while the existing office layout also accommodates general commercial office use. Its location is 105 N Lakeview Drive in Lake Dallas, Texas, and the property carries commercial zoning.
Key Highlights
- Two‑story commercial office building constructed in 2020
- Commercial zoning at 105 N Lakeview Drive, Lake Dallas, TX 75065
- First floor includes reception area, 3 offices, 1 double office, kitchen, laundry closet, and 2 bathrooms
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
$41,715
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
5.97%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Commercially zoned office property with adaptable room configurations across two floors.
Where is this office building 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: Two‑story commercial office building constructed in 2020; Commercial zoning at 105 N Lakeview Drive, Lake Dallas, TX 75065; First floor includes reception area, 3 offices, 1 double office, kitchen, laundry closet, and 2 bathrooms
