Versatile Property on Lakeview
For Sale
$675,000
7213 Lakeview Parkway, Rowlett, TX 75088
Mixed-use property with residential comfort and commercial potential in Rowlett.
Property Size1,800 SF
Price / SF$375
Days on Market107
Property Features for 7213 Lakeview Parkway
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
Decorative Real Estate
(512) 960-3253
Listed By:
Ashley Izaguirre · License #0824568
(928) 261-8606
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Aug 6 at 12:18PM
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 Decorative Real Estate
Investment Insights
Based on property information with market context.
Located on Lakeview Parkway, this versatile property offers both residential comfort and commercial potential. The property is positioned along a high-visibility corridor, providing excellent exposure, easy access, and proximity to major roads, local businesses, and Lake Ray Hubbard. Currently set up as a well-maintained residence, the property features a functional layout with multiple living spaces, ample natural light, and flexible rooms that can be adapted for office, retail, or service-based use. The 1,800-square-foot property offers space for parking, expansion, or outdoor use, making it suitable for business operations or creating a private retreat. Its location ensures steady traffic flow, maximizing visibility for any commercial venture. This property is suitable for investors, business owners, or buyers looking for a live-work opportunity.
Key Highlights
- High‑visibility location on Lakeview Parkway with excellent exposure and easy access.
- Versatile property suitable for residential or commercial use.
- Flexible layout with multiple living spaces and ample natural light.
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
$29,877
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
4.43%
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%
$597,540
$597.5K
Cap Rate 7%
$426,814
$426.8K
Cap Rate 9%
$331,967
$332.0K
Market Conditions
NOI Build-Up for 1,800 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
$44.9K $24.96/SF
− Vacancy
−$2.2K −$1.25/SF
EGI
$42.7K $23.71/SF
− OpEx
−$12.8K −$7.11/SF
NOI
$29.9K $16.60/SF
Area
Dallas County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
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%
$597,540
Cap Rate 7%
$426,814
Cap Rate 9%
$331,967
Alternative Uses
Best Use
Retail
$426.8K
$373.5K – $498.0K
NOI $29,877 @ 7.0% cap · market cap 4.43%
Second Best
Mixed Use
$401.6K
$351.4K – $468.6K
NOI $28,115 @ 7.0% cap · market cap 4.17%
Theoretical Best
Multifamily LT 5
$21.58M
$18.88M – $25.17M
NOI $1,510,318 @ 7.0% cap · market cap 223.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with residential comfort and commercial potential in Rowlett.
Where is this mixed-use property located?
The property is located at 7213 Lakeview Parkway Rowlett, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: High‑visibility location on Lakeview Parkway with excellent exposure and easy access.; Versatile property suitable for residential or commercial use.; Flexible layout with multiple living spaces and ample natural light.
