Office Building with HVAC
For Sale
$2,310,000
545 Rowlett Rd, 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 Market50
Property Features for 545 Rowlett Rd
General Information
Standard status
Active
Size
10,500 SF
Total Parking Spaces
52
Additional Details
Highway Access
Yes
Building Details
Year Built
1985
Tenancy
Multi
Listing Agency:
Caprice Michelle, LLC
Listed By:
Caprice Michelle · License #9004701
(214) 789-7364
Source:
Yourdavisteam
Added: Aug 19
Changed: Sep 10
Last Checked: Oct 5 at 7:40PM
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 / Yr
$168,950
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
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
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 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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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 Rd 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
