HVAC Warehouse with Office
For Sale
$1,550,000
3305 Century Drive, Rowlett, TX 75088
8,030 SF warehouse with HVAC, office, and parking.
Property Size8,030 SF
Price / SF$193.03
Days on Market151
Property Features for 3305 Century Drive
General Information
Standard status
Active
Size
8,030 SF
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
8,030 SF
Year Built
2023
Stories
1
Units
1
Listing Agency:
Trivestments, Inc
(469) 855-9309
Listed By:
John Martini · License #9013855
(469) 855-9309
Source:
Cornerstonehomeandranch
Added: Mar 26
Changed: Aug 23
Last Checked: Aug 21 at 9:20PM
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 property features full HVAC coverage, including two 7-ton units for the warehouse and one 3-ton unit for the 281 square foot office area. The entire building is insulated with closed cell foam. Access is provided by a storefront, a side door, and a rear door. The property includes three 9x10 insulated garage doors and 23 parking spaces. A fire sprinkler system and alarm system are in place. There are two restrooms, one of which is ADA compliant and includes a shower and water fountain, as well as a janitorial closet with a mop sink. LED interior lighting and exterior lighting are installed. A landscape sprinkler system is also present. The eve height measures 16 feet, and the ridge height is 21 feet 4 inches. The property is located in Rowlett, Texas.
Key Highlights
- New construction completed in 2023
- HVAC throughout the entire building, including both warehouse and office spaces
- 23 parking spaces available
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
Location Intelligence
Trade Area within ½ mile
1,191
Businesses Nearby
Well-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.
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Frequently Asked Questions
What type of property is this?
Warehouse - 8,030 SF warehouse with HVAC, office, and parking.
Where is this warehouse located?
The property is located at 3305 Century Drive 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: New construction completed in 2023; HVAC throughout the entire building, including both warehouse and office spaces; 23 parking spaces available
