Equipped Conventional
For Sale
$1,700,000
3324 Lakeview Pkwy, Rowlett, TX 75088
Established restaurant property with commercial kitchen equipment, flexible seating, and event-ready dining space.
Property Size5,325 SF
Lot Size0.94 Acres
Price / SF$319.25
Days on Market38
Property Features for 3324 Lakeview Pkwy
General Information
Standard status
Active
Size
5,325 SF
Total Parking Spaces
67
Lot size
0.94 Acres
Restaurant
Grease Trap
Yes
Equipment Included
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1985
Listing Agency:
Fathom Realty LLC
(888) 455-6040
Listed By:
Matthew Bryan · License #0662838
Source:
Christenberrygroup
Added: Jul 23
Changed: Aug 29
Last Checked: Aug 29 at 2:53PM
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 conventional restaurant property in Rowlett combines an operating restaurant business with a 5,325-square-foot building on 0.94 acres. The interior includes a fully equipped commercial kitchen, bar service, booth and table seating, and a dining area that can be separated for private events or parties. The sale includes the business name, fixtures, and decor.
Kitchen infrastructure includes two walk-in freezers, one walk-in refrigerator, two commercial standing refrigerators, four fryers, commercial ovens, custom venting, and a 1,500-gallon grease trap. The property provides 67 parking spaces, while the exterior has been refreshed with new fascia and paint. Built in 1985 and located on Lakeview Parkway in Rowlett, the building was originally developed as a Golden Corral.
Kitchen infrastructure includes two walk-in freezers, one walk-in refrigerator, two commercial standing refrigerators, four fryers, commercial ovens, custom venting, and a 1,500-gallon grease trap. The property provides 67 parking spaces, while the exterior has been refreshed with new fascia and paint. Built in 1985 and located on Lakeview Parkway in Rowlett, the building was originally developed as a Golden Corral.
Key Highlights
- 5,325‑square‑foot restaurant building on 0.94 acres
- 67 parking spaces included
- Commercial kitchen with 2 walk‑in freezers and 1 walk‑in refrigerator
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
$95,198
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
5.60%
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%
$1,903,960
$1.9M
Cap Rate 7%
$1,359,971
$1.4M
Cap Rate 9%
$1,057,756
$1.1M
Market Conditions
NOI Build-Up for 5,325 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
$132.9K $24.96/SF
− Vacancy
−$6.0K −$1.12/SF
EGI
$126.9K $23.84/SF
− OpEx
−$31.7K −$5.96/SF
NOI
$95.2K $17.88/SF
Area
Dallas County, TX
Vacancy
4.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,903,960
Cap Rate 7%
$1,359,971
Cap Rate 9%
$1,057,756
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
Lease Details
Turnkey business
Opportunity
Yes
Grease trap
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant property with commercial kitchen equipment, flexible seating, and event-ready dining space.
Where is this conventional restaurant located?
The property is located at 3324 Lakeview Pkwy 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: 5,325‑square‑foot restaurant building on 0.94 acres; 67 parking spaces included; Commercial kitchen with 2 walk‑in freezers and 1 walk‑in refrigerator
