Office Building with HVAC
New
For Sale
$2,310,000
545 Rowlett Road, Garland, TX 75043
Five brand-new HVAC units complement a multi-tenant commercial property with dedicated parking.
Property Size10,500 SF
Price / SF$220
Days on Market3
Property Features for 545 Rowlett Road
General Information
Standard status
Active
Size
10,500 SF
Total Parking Spaces
52
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Year Built
1985
Tenancy
Multi
Listing Agency:
Caprice Michelle, LLC
(214) 789-7364
Listed By:
Rene Jensen · License #9004701
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 20 at 7:52AM
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 Caprice Michelle, LLC
Investment Insights
Based on property information with market context.
This 10,500-square-foot office building, constructed in 1985, includes five brand-new HVAC units and 52 dedicated parking spaces. The property is occupied by a water purification provider, massage studio, beauty salon, and retail storefront, creating a multi-tenant configuration. An end-cap area ranging from 4300 to 6500 square feet is potentially available for an incoming user.
The property is located at 545 Rowlett Road in Garland, directly across from Albertsons and near the intersection of I-30 and Belt Line Road. New surrounding development is also noted in the immediate area. The existing tenant mix and available end-cap space provide both occupied office capacity and an additional user opportunity within the same building.
The property is located at 545 Rowlett Road in Garland, directly across from Albertsons and near the intersection of I-30 and Belt Line Road. New surrounding development is also noted in the immediate area. The existing tenant mix and available end-cap space provide both occupied office capacity and an additional user opportunity within the same building.
Key Highlights
- 10,500 SF office building constructed in 1985
- Five brand‑new HVAC units
- 52 dedicated parking spaces
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
$168,950
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
7.31%
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%
$3,379,000
$3.4M
Cap Rate 7%
$2,413,571
$2.4M
Cap Rate 9%
$1,877,222
$1.9M
Market Conditions
NOI Build-Up for 10,500 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
$253.3K $24.12/SF
− Vacancy
−$11.9K −$1.13/SF
EGI
$241.4K $22.99/SF
− OpEx
−$72.4K −$6.90/SF
NOI
$168.9K $16.09/SF
Area
Garland, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
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%
$3,379,000
Cap Rate 7%
$2,413,571
Cap Rate 9%
$1,877,222
Alternative Uses
Best Use
Office B
$8.61M
$7.54M – $10.05M
NOI $602,952 @ 7.0% cap · market cap 26.10%
Second Best
Retail
$2.41M
$2.11M – $2.82M
NOI $168,950 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$12.60M
$11.02M – $14.70M
NOI $881,940 @ 7.0% cap · market cap 38.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
Explore this area
Business Placement
Demographics for 75043, TX
63,973
Population
23,439
Households
2.7
Avg Household Size
36
Median Age
25%
College-Educated
84%
High-School Grad
14.7 sq mi
ZIP Area
4,352
Density / Sq Mi
$75,454
Median Household Income
$39,062
Median Earnings
$1,467
Median Rent
$253,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Five brand-new HVAC units complement a multi-tenant commercial property with dedicated parking.
Where is this office building located?
The property is located at 545 Rowlett Road Garland, TX.
What is the asking price?
The asking price for this property is $2,310,000.
What are key features of this property?
This property features: 10,500 SF office building constructed in 1985; Five brand‑new HVAC units; 52 dedicated parking spaces
