Office and Showroom
For Sale
$535,000
720 E Lamar Street, 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 Market43
Property Features for 720 E Lamar Street
General Information
Standard status
Active
Size
1,596 SF
Lot size
0.36 Acres
Zoning
RETAIL TRD - Commercial 1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,608
Amenities
Central Air
Central
Concrete, Direct Access, On Site, Open, Outside, Parking Lot
Building Details
Building Size
1,596 SF
Year Built
1985
Stories
1
Listing Agency:
M&D CRE, LLC
(214) 478-4959
Listed By:
Barry Luff
(214) 478-4959
Source:
Evrealestate
Added: Jul 12
Changed: Aug 23
Last Checked: Aug 23 at 6:27AM
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
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 = 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
$26,696
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
4.99%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 units - Showroom and private office layout with storage, on-site parking, and outdoor area for operational use.
Where is this office units located?
The property is located at 720 E Lamar Street 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
