Multi-Tenant Shopping
2409 LAKEVIEW PKWY, Rowlett, TX 75088
For Sale
Contact for pricing
Retail occupants span banking, apparel, dental, and tax-preparation services.
Property Size19,160 SF
Lot Size2.31 Acres
Price / SF$298.80
Days on Market25
Property Features for 2409 LAKEVIEW PKWY
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
Northmarq Capital, LLC
Listed By:
Chad Byerly · License OK #155856
(918) 794-9516
Source:
Crexi
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 2:24PM
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 Northmarq Capital, LLC
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Investment Insights
Based on property information with market context.
This 19,160-square-foot shopping center occupies a 2.31-acre parcel in Rowlett. Built in 2006, the property is 86% occupied, with tenants representing banking, apparel, dental, and tax-preparation services. Bank of America, Cato Fashions, GF Dental, and H&R Block are among the occupants. Spaces accounting for 73% of the gross leasable area have remained occupied since the center’s construction.
The property is approximately one mile from President George Bush Turnpike. The surrounding area has a reported population of approximately 256,486 within five miles, while average household income within three miles is $129,261.
The property is approximately one mile from President George Bush Turnpike. The surrounding area has a reported population of approximately 256,486 within five miles, while average household income within three miles is $129,261.
Key Highlights
- 19,160‑square‑foot retail center on 2.31 acres
- 86% occupancy
- Built in 2006; spaces representing 73% of GLA have been continuously occupied since construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$318,025
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,360,500
$6.4M
Cap Rate 7%
$4,543,214
$4.5M
Cap Rate 9%
$3,533,611
$3.5M
Market Conditions
NOI Build-Up for 19,160 SF
Gross rent
$478.2K $24.96/SF
− Vacancy
−$23.9K −$1.25/SF
EGI
$454.3K $23.71/SF
− OpEx
−$136.3K −$7.11/SF
NOI
$318.0K $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 Rate 5%
$6,360,500
Cap Rate 7%
$4,543,214
Cap Rate 9%
$3,533,611
Alternative Uses
Best Use
Retail
$4.54M
$3.98M – $5.30M
NOI $318,025 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.88M
$5.14M – $6.86M
NOI $411,356 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
86%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
825
Businesses Nearby
66k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 53%
Shops & Services 43%
Electronics 3%
The Home Depot
Home Improvements & Furnishings
35,332 visits/mo
0.2 miles
QuikTrip
Shops & Services
26,893 visits/mo
0.2 miles
AT&T
Electronics
2,276 visits/mo
0.1 miles
Truist
Shops & Services
1,624 visits/mo
0.2 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Shopping centers in Dallas County
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Lakeview Plaza — 3312 Lakeview Pkwy, Rowlett, TX 75088
- Lyrical Fuzion Bl'azaar — 3402 Enterprise Dr, Rowlett, TX 75088
- Timberlake Shopping Center — Lakeview Pkwy, Rowlett, TX 75088
- Lakeview Xing — 3701 Lakeview Pkwy, Rowlett, TX 75088
- Quick-Tag — Walmart Supercenter, 2501 Lakeview Pkwy, Rowlett, TX 75088
Frequently Asked Questions
What type of property is this?
Shopping center - Retail occupants span banking, apparel, dental, and tax-preparation services.
Where is this shopping center located?
The property is located at 2409 LAKEVIEW PKWY Rowlett, TX.
What is the asking price?
The asking price for this property is $5,725,000.
What are key features of this property?
This property features: 19,160‑square‑foot retail center on 2.31 acres; 86% occupancy; Built in 2006; spaces representing 73% of GLA have been continuously occupied since construction
