Restaurant Building on Lakeview
3324 Lakeview Parkway Rowlett, TX 75088
For Sale
$1,700,000
Thriving restaurant property in Rowlett, Texas, with fully equipped kitchen.
Property Size5,325 SF
Lot Size0.94 Acres
Price / SF$319.25
Days on Market95
Property Features for 3324 Lakeview Parkway
General Information
- Standard status
- Active
- Size
- 5,325 SF
- Lot size
- 0.94 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1985
Listing Agency:
Fathom Realty LLC
(888) 455-6040
Listed By:
Matthew Bryan · License #0662838
(469) 651-9859
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 24 at 5:26PM
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 Fathom Realty LLC
Investment Insights
Based on property information with market context.
This active and thriving second-generation restaurant is located in Rowlett on busy Lakeview Parkway. The owner-occupied and operated restaurant specializes in Texas home cooking, serving breakfast and lunch. The building has 5325 square feet and sits on a 0.94-acre lot with 67 parking spaces. The exterior was recently updated with new fascia and paint. The interior features a fully equipped kitchen with a bar, booth, and table seating. One area can be sectioned off for special events and parties. The kitchen includes two walk-in freezers, one walk-in refrigerator, two commercial standing refrigerators, four fryers, commercial ovens, custom venting, and a 1500-gallon grease trap. Originally built as a Golden Corral, the price includes the business name, fixtures, and decor.
Key Highlights
- Fully equipped, operational restaurant with existing business and name included.
- Large 5325 sq ft building on a 0.94 acre lot with 67 parking spaces.
- High‑traffic location on Lakeview Parkway in Rowlett.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.9k | $24.96 |
| − Vacancy | −$6.0k | −$1.12 |
| EGI | $126.9k | $23.84 |
| − OpEx | −$31.7k | −$5.96 |
| NOI | $95.2k | $17.88 |
5,325 SF · lease $24.96/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.36M
$1.19M – $1.59M
NOI $95,198 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$63.83M
$55.85M – $74.47M
NOI $4,468,024 @ 7.0% cap · market cap 262.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hubbard's
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Thriving restaurant property in Rowlett, Texas, with fully equipped kitchen.
Where is this conventional restaurant located?
The property is located at 3324 Lakeview Parkway Rowlett, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Fully equipped, operational restaurant with existing business and name included.; Large 5325 sq ft building on a 0.94 acre lot with 67 parking spaces.; High‑traffic location on Lakeview Parkway in Rowlett.
