Second-Gen Restaurant
For Sale
$1,700,000
Pending
3324 Lakeview Parkway, Rowlett, TX 75088
COMMERCIAL - Rowlett, TX
Property Size5,325 SF
Lot Size0.93 Acres
Days on Market47
Property Features for 3324 Lakeview Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General
Security features
Security
Subdivision
Boyd & Kneggs Business Park
Directions
USE GPS
Standard status
Pending
APN
0007000100100 3CW00070001
Lot size
0.93 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Number of units
1
Flooring type
Concrete, Tile
Building materials
Brick
Roof type
Composition, Shingle
Listing Agency:
Fathom Realty LLC
(888) 455-6040
Listed By:
Matthew Bryan · License #0662838
(888) 455-6040
Added: Jul 17
Changed: Aug 12
Last Checked: Sep 1 at 5:06PM
MLS# 21229138
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Second-gen restaurant building at 3324 Lakeview Parkway, Rowlett, TX 75088, offering 5,325 SF on a 0.93-acre lot with 67 parking spaces. Built in 1985 with brick construction and a composition shingle roof, the property is served by public water and public sewer and is heated and cooled with central systems plus ceiling fans.
The interior includes a fully equipped kitchen with bar, booth, and table seating. Kitchen equipment features 2 walk-in freezers, 1 walk-in refrigerator, 2 commercial standing refrigerators, 4 fryers, commercial ovens, and custom venting, along with a 1,500-gallon grease trap. Dining space can be sectioned off for special events and parties. The exterior was recently updated with new fascia and paint.
The building was originally built as a Golden Corral, and the sale includes the business name, fixtures, and decor.
The interior includes a fully equipped kitchen with bar, booth, and table seating. Kitchen equipment features 2 walk-in freezers, 1 walk-in refrigerator, 2 commercial standing refrigerators, 4 fryers, commercial ovens, and custom venting, along with a 1,500-gallon grease trap. Dining space can be sectioned off for special events and parties. The exterior was recently updated with new fascia and paint.
The building was originally built as a Golden Corral, and the sale includes the business name, fixtures, and decor.
Key Highlights
- 5,325 SF restaurant building on a 0.93‑acre lot with 67 parking spaces
- Built in 1985 with brick construction and a composition shingle roof
- Fully equipped kitchen includes custom venting, 2 walk‑in freezers, and 4 fryers
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 - Second-gen restaurant on Lakeview Parkway with a fully equipped kitchen, flexible dining layout, and off-street parking.
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: 5,325 SF restaurant building on a 0.93‑acre lot with 67 parking spaces; Built in 1985 with brick construction and a composition shingle roof; Fully equipped kitchen includes custom venting, 2 walk‑in freezers, and 4 fryers
