Restaurant Building on Lakeview
For Sale
$1,700,000
3324 Lakeview Parkway, Rowlett, TX 75088
Thriving restaurant property in Rowlett, Texas, with fully equipped kitchen.
Property Size5,325 SF
Lot Size0.94 Acres
Price / SF$319.25
Days on Market105
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: Aug 3 at 12:24PM
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 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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,273
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
