Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5201 Grisham Dr Rowlett, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Single-tenant industrial property with warehouse, office, and covered storage.

    Type:INDUSTRIAL
    Property size:
    21,400 SF
    Lot size:
    0.72 Acres
    Added:
    Apr 18, 2024
    Days on Market:
    737
    Last Refresh:
    Apr 5 at 10:07 pm

    Property Features for 5201 Grisham Dr

    General Information

    Standard status
    Active
    Size
    21,400 SF
    Lot size
    0.72 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 5201 Grisham Dr Contact us

    We can help!

    Listing Contact
    Justin Owen
    Justin Owen

    Listing agent Justin Owen

    Listing office Dominus Commercial

    Listing date Apr 18, 2024

    Source Moodyscre

    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 Dominus Commercial

    Overview

    Rowlett Industrial Property For Sale

    The property at 5201 Grisham Drive is a single-tenant industrial property situated in Rowlett, Dallas County. The property occupies 0.72 acres and includes approximately 21,400 square feet of space. The building contains a mix of warehouse, office areas, and covered storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dallas Car Appraisals Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • All American Self Storage — 5250 Boyd Blvd, Rowlett, TX 75088
    • Lone Star Self Storage — 2817 Main St, Rowlett, TX 75088
    • CubeSmart Self Storage — 5250 grisham dr, rowlett, tx 75088
    • Devon Self Storage — 5250 Grisham Dr, Rowlett, TX 75088
    • Miller's Movers World — 5010 Boyd Blvd Suite A, Rowlett, TX 75088

    Location Insight

    • Map
    • Local Demand
    City
    Rowlett
    County
    Dallas
    State
    Texas
    Longitude
    -96.5829
    Latitude
    32.9067

    Nearby Similar for Sale

    • $799,000

      Versatile Property on Lakeview Parkway

      Mixed-use property with residential comfort and commercial potential in Rowlett.
      7213 Lakeview Parkway, Rowlett, TX 75088
      View Details
    • $1,850,000

      Rowlett Restaurant Opportunity on Lakeview

      Thriving restaurant on Lakeview Parkway with fully equipped kitchen.
      3324 Lakeview Parkway, Rowlett, TX 75088
      View Details
    • $1,800,000

      Prime Retail Shell Space Available

      8,100 SF retail shell in a well-located Rowlett shopping center.
      8617 Sunset Boulevard, Rowlett, TX 75088
      View Details
    • $1,250,000

      Rowlett Office & Warehouse Building

      Versatile office and warehouse space in the heart of Rowlett.
      3906 Industrial Street, Rowlett, TX 75088
      View Details
    • $485,000

      Rowlett Duplex: Income-Producing Investment

      Fully leased duplex near Lakeview District and Sapphire Bay.
      7506 Amherst Drive, Rowlett, TX 75088
      View Details
    • $360,000

      Income-Producing Duplex Near Bayside

      Income-producing duplex near Bayside and I-30, great for commuters.
      2614 Stanford Street, Rowlett, TX 75088
      View Details
    • $375,000

      Income-Producing Duplex Near Bayside Area

      Income-producing duplex near Bayside area with easy access to amenities.
      2705 Stanford Street, Rowlett, TX 75088
      View Details
    • $3,250,000

      Former School Buildings in Rowlett

      Two renovated school buildings totaling 22,151 SF on 4.01 acres.
      8200 Schrade Road, Rowlett, TX 75088
      View Details
    • $925,000

      Turn-Key Medical Office Building

      Move-in ready medical office near Baylor Scott & White Hospital.
      7617 Lakeview Parkway, Rowlett, TX 75088
      View Details
    • $249,900
      1,125 SF

      Modern Office Space For Sale

      1,125 SF office space built in 2018, great location.
      8100 Liberty Grove Road 300, Rowlett, TX 75089
      View Details
    • $3,955,556
      2,325 SF

      New Chipotle with Drive-Thru

      New construction Chipotle with a 15-year absolute NNN lease.
      8201 Lakeview Pkwy, Rowlett, TX
      View Details
    • Contact for pricing
      6,895 SF

      Rowlett Road Auto Parts Property

      Net leased auto parts store with new eight-year lease.
      5414 ROWLETT RD, Rowlett, TX 75089
      View Details

    FAQs

    What type of property is this?
    Warehouse - Single-tenant industrial property with warehouse, office, and covered storage.
    Where is this warehouse located?
    The property is located at 5201 Grisham Dr Rowlett, TX.
    What are key features of this property?
    This property features: Single‑tenant industrial property; Located in Rowlett, Dallas County; Total area of approximately 21,400 sf
    (214) 253-0797 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Justin Owen
    Justin Owen
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!