Former Veterinary Clinic with
For Sale
$1,095,000
5620 Rowlett Rd, Rowlett, TX 75089
Former veterinary clinic in Rowlett with ample parking and a flexible interior suited to healthcare and service uses.
Property Size7,030 SF
Price / SF$155.76
Days on Market134
Property Features for 5620 Rowlett Rd
General Information
Standard status
Active
Size
7,030 SF
Additional Details
Traffic Count
22,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$24,251
Listing Agency:
RE/MAX Dallas Suburbs
(214) 808-3531
Listed By:
Suzanne Athey · License #0387765
(214) 808-3531
Source:
Exprealty
Added: Mar 31
Changed: Aug 8
Last Checked: Aug 11 at 12:02PM
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 RE/MAX Dallas Suburbs
Investment Insights
Based on property information with market context.
The property at 5620 Rowlett Rd, Rowlett, TX is a former veterinary clinic offering a practical commercial interior totaling 7,030 square feet. The existing layout includes multiple rooms, private offices, and open areas, with a welcoming reception area designed to support client visits. The space also features signage and a flexible floor plan intended to accommodate a range of business concepts.
Traffic and visibility are supported by the most recent available GIS data from TxDOT and the City of Rowlett’s traffic monitor, with an AADT range typically reported between 18,000 and 22,000 vehicles per day. The property is positioned for convenient client access and includes ample parking.
This configuration can be a strong fit for a medical practice or other professional, wellness, retail, or service-based business that benefits from a reception-first arrival experience and a mix of private offices and treatment or meeting-style rooms. With signage, client-friendly parking, and an adaptable plan, the space is ready for an operator looking for a turnkey baseline in a high-traffic corridor.
Traffic and visibility are supported by the most recent available GIS data from TxDOT and the City of Rowlett’s traffic monitor, with an AADT range typically reported between 18,000 and 22,000 vehicles per day. The property is positioned for convenient client access and includes ample parking.
This configuration can be a strong fit for a medical practice or other professional, wellness, retail, or service-based business that benefits from a reception-first arrival experience and a mix of private offices and treatment or meeting-style rooms. With signage, client-friendly parking, and an adaptable plan, the space is ready for an operator looking for a turnkey baseline in a high-traffic corridor.
Key Highlights
- Former veterinary clinic in Rowlett with a layout suited to medical and service uses
- Interior includes multiple rooms, private offices, and open areas for flexible floor plan use
- Features a welcoming reception area and signage for client/customer entry
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
$99,951
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
9.13%
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%
$1,999,020
$2.0M
Cap Rate 7%
$1,427,871
$1.4M
Cap Rate 9%
$1,110,567
$1.1M
Market Conditions
NOI Build-Up for 7,030 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
$183.1K $26.04/SF
− Vacancy
−$16.5K −$2.34/SF
EGI
$166.6K $23.70/SF
− OpEx
−$66.6K −$9.48/SF
NOI
$100.0K $14.22/SF
Area
Dallas County, TX
Vacancy
9.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
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%
$1,999,020
Cap Rate 7%
$1,427,871
Cap Rate 9%
$1,110,567
Alternative Uses
Best Use
Healthcare Medical
$1.43M
$1.25M – $1.67M
NOI $99,951 @ 7.0% cap · market cap 9.13%
Second Best
Office B
$1.42M
$1.25M – $1.66M
NOI $99,650 @ 7.0% cap · market cap 9.10%
Theoretical Best
Multifamily LT 5
$84.27M
$73.73M – $98.31M
NOI $5,898,630 @ 7.0% cap · market cap 538.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75089, TX
34,608
Population
11,951
Households
2.9
Avg Household Size
38
Median Age
40%
College-Educated
93%
High-School Grad
12.1 sq mi
ZIP Area
2,860
Density / Sq Mi
$125,315
Median Household Income
$56,420
Median Earnings
$2,029
Median Rent
$359,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Four Paws Animal Hospital — 5620 Rowlett Rd, Rowlett, TX 75089
- Rowlett Veterinary Clinic, A Thrive Pet Healthcare Partner — 4426 Lakeview Pkwy, Rowlett, TX 75088
Frequently Asked Questions
What type of property is this?
Medical Office Space - Former veterinary clinic in Rowlett with ample parking and a flexible interior suited to healthcare and service uses.
Where is this medical office space located?
The property is located at 5620 Rowlett Rd Rowlett, TX.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Former veterinary clinic in Rowlett with a layout suited to medical and service uses; Interior includes multiple rooms, private offices, and open areas for flexible floor plan use; Features a welcoming reception area and signage for client/customer entry
