Office and Showroom
For Sale
$535,000
720 E Lamar St, Royse City, TX 75189
Showroom and private office layout with storage, on-site parking, and outdoor area for operational use.
Property Size1,596 SF
Lot Size0.36 Acres
Price / SF$335.21
Days on Market103
Property Features for 720 E Lamar St
General Information
Standard status
Active
Size
1,596 SF
Lot size
0.36 Acres
Additional Details
Highway Access
Yes
Building Details
Year Built
1985
Listing Agency:
M&D CRE, LLC
Listed By:
Barry Luff
(214) 478-4959
Source:
Heritance
Added: Jul 12
Changed: Oct 2
Last Checked: Oct 7 at 3:50PM
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 M&D CRE, LLC
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Investment Insights
Based on property information with market context.
This commercial property includes showroom space, private offices, storage, and an outdoor area suitable for operational use. The site is configured to support a combination of interior workspace and exterior space, with on-site parking included.
Located on E Lamar Street in Royse City, the property offers visibility and convenient access to Interstate 30 for connectivity to the greater East Dallas-Fort Worth area.
An adjacent parcel at 813 E Lamar Street may also be available, which could allow for expansion of the overall site size; contact the listing agent for additional details. The property is described as suitable for a range of commercial uses, including office, retail, and service-based businesses, or owner-user occupancy.
Located on E Lamar Street in Royse City, the property offers visibility and convenient access to Interstate 30 for connectivity to the greater East Dallas-Fort Worth area.
An adjacent parcel at 813 E Lamar Street may also be available, which could allow for expansion of the overall site size; contact the listing agent for additional details. The property is described as suitable for a range of commercial uses, including office, retail, and service-based businesses, or owner-user occupancy.
Key Highlights
- Commercial property at 720 E Lamar Street, Royse City, TX with approx. 1,596 SF on 0.36 acres
- Functional interior layout with showroom space, private offices, and storage
- Includes on‑site parking plus an outdoor area suitable for operational use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,696
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,920
$533.9K
Cap Rate 7%
$381,371
$381.4K
Cap Rate 9%
$296,622
$296.6K
Market Conditions
NOI Build-Up for 1,596 SF
Gross rent
$49.0K $30.72/SF
− Vacancy
−$13.4K −$8.42/SF
EGI
$35.6K $22.30/SF
− OpEx
−$8.9K −$5.58/SF
NOI
$26.7K $16.73/SF
Area
Rockwall County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,920
Cap Rate 7%
$381,371
Cap Rate 9%
$296,622
Alternative Uses
Best Use
Office B
$381.4K
$333.7K – $444.9K
NOI $26,696 @ 7.0% cap · market cap 4.99%
Second Best
Retail
$378.4K
$331.1K – $441.5K
NOI $26,491 @ 7.0% cap · market cap 4.95%
Theoretical Best
Hotel Hospitality
$1.20M
$1.05M – $1.40M
NOI $84,149 @ 7.0% cap · market cap 15.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
Demographics for 75189, TX
37,777
Population
15,331
Households
2.5
Avg Household Size
34
Median Age
30%
College-Educated
93%
High-School Grad
109.9 sq mi
ZIP Area
344
Density / Sq Mi
$118,105
Median Household Income
$56,979
Median Earnings
$2,133
Median Rent
$336,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Showroom and private office layout with storage, on-site parking, and outdoor area for operational use.
Where is this office unit located?
The property is located at 720 E Lamar St Royse City, TX.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Commercial property at 720 E Lamar Street, Royse City, TX with approx. 1,596 SF on 0.36 acres; Functional interior layout with showroom space, private offices, and storage; Includes on‑site parking plus an outdoor area suitable for operational use
