Flex Space with Insulated Garage
For Sale
$1,550,000
Pending
3305 Century Dr, Rowlett, TX 75088
Versatile commercial building with climate-controlled warehouse and office areas, dedicated entrances, and practical service improvements.
Property Size8,030 SF
Days on Market142
Property Features for 3305 Century Dr
General Information
Standard status
Pending
Size
8,030 SF
Total Parking Spaces
23
Property subtype
Commercial
Warehouse & Industrial
Clear Height
16 ft
Office Build-Out
281 SF
Sprinkler System
Yes
Conditioned Warehouse
Yes
Building Details
Year Built
2023
Listing Agency:
Trivestments, Inc
(214) 521-7355
Listed By:
John Martini · License #0414282
Source:
Northtexashomeguide
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 26 at 9:05AM
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 Trivestments, Inc
Investment Insights
Based on property information with market context.
This 8,030-square-foot flex building, completed in 2023, combines warehouse and office space with HVAC serving the entire property. The warehouse is equipped with two 7-ton units, while the office area has a 3-ton unit and measures 281 SF. Closed-cell foam insulation, LED lighting, fire sprinklers, and security and exterior lighting systems support daily operations. The building includes a storefront, side and rear access points, three insulated 9-by-10-foot garage doors, and two restrooms, including an ADA-compliant facility with a shower and water fountain.
Additional features include a janitorial room with mop sink, landscape irrigation, and 23 parking spaces. The structure provides 16-foot eave clearance and a 21-foot 4-inch ridge height, offering functional vertical capacity for warehouse use.
Additional features include a janitorial room with mop sink, landscape irrigation, and 23 parking spaces. The structure provides 16-foot eave clearance and a 21-foot 4-inch ridge height, offering functional vertical capacity for warehouse use.
Key Highlights
- 8,030 SF flex building completed in 2023
- Warehouse served by 2 - 7 ton HVAC units; office has 1 - 3 ton unit
- 3 - 9x10 insulated garage doors plus storefront, side, and rear entrances
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
$50,546
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
3.26%
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%
$1,010,920
$1.0M
Cap Rate 7%
$722,086
$722.1K
Cap Rate 9%
$561,622
$561.6K
Market Conditions
NOI Build-Up for 8,030 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
$65.2K $8.12/SF
− Vacancy
−$5.7K −$0.71/SF
EGI
$59.5K $7.41/SF
− OpEx
−$8.9K −$1.11/SF
NOI
$50.5K $6.29/SF
Area
Dallas County, TX
Vacancy
8.80%
Lease Rate
$8.12 /SF/Yr
Expense Ratio
15.00%
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%
$1,010,920
Cap Rate 7%
$722,086
Cap Rate 9%
$561,622
Alternative Uses
Best Use
Warehouse
$722.1K
$631.8K – $842.4K
NOI $50,546 @ 7.0% cap · market cap 3.26%
Second Best
Industrial
$594.7K
$520.3K – $693.8K
NOI $41,626 @ 7.0% cap · market cap 2.69%
Theoretical Best
Multifamily LT 5
$96.25M
$84.22M – $112.29M
NOI $6,737,696 @ 7.0% cap · market cap 434.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,191
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with climate-controlled warehouse and office areas, dedicated entrances, and practical service improvements.
Where is this flex space located?
The property is located at 3305 Century Dr Rowlett, TX.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 8,030 SF flex building completed in 2023; Warehouse served by 2 - 7 ton HVAC units; office has 1 - 3 ton unit; 3 - 9x10 insulated garage doors plus storefront, side, and rear entrances
