Versatile Property on Lakeview
7213 Lakeview Parkway Rowlett, TX 75088
For Sale
$675,000
Mixed-use property with residential comfort and commercial potential in Rowlett.
Property Size1,800 SF
Price / SF$375
Days on Market97
Property Features for 7213 Lakeview Parkway
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency:
Decorative Real Estate
(512) 960-3253
Listed By:
Ashley Izaguirre · License #0824568
(928) 261-8606
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 26 at 4:48PM
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 Decorative Real Estate
Investment Insights
Based on property information with market context.
Located on Lakeview Parkway, this versatile property offers both residential comfort and commercial potential. The property is positioned along a high-visibility corridor, providing excellent exposure, easy access, and proximity to major roads, local businesses, and Lake Ray Hubbard. Currently set up as a well-maintained residence, the property features a functional layout with multiple living spaces, ample natural light, and flexible rooms that can be adapted for office, retail, or service-based use. The 1,800-square-foot property offers space for parking, expansion, or outdoor use, making it suitable for business operations or creating a private retreat. Its location ensures steady traffic flow, maximizing visibility for any commercial venture. This property is suitable for investors, business owners, or buyers looking for a live-work opportunity.
Key Highlights
- High‑visibility location on Lakeview Parkway with excellent exposure and easy access.
- Versatile property suitable for residential or commercial use.
- Flexible layout with multiple living spaces and ample natural light.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.9k | $24.96 |
| − Vacancy | −$2.2k | −$1.25 |
| EGI | $42.7k | $23.71 |
| − OpEx | −$12.8k | −$7.11 |
| NOI | $29.9k | $16.60 |
1,800 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$426.8K
$373.5K – $498.0K
NOI $29,877 @ 7.0% cap · market cap 4.43%
Second Best
Mixed Use
$401.6K
$351.4K – $468.6K
NOI $28,115 @ 7.0% cap · market cap 4.17%
Theoretical Best
Multifamily LT 5
$21.58M
$18.88M – $25.17M
NOI $1,510,318 @ 7.0% cap · market cap 223.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with residential comfort and commercial potential in Rowlett.
Where is this mixed-use property located?
The property is located at 7213 Lakeview Parkway Rowlett, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: High‑visibility location on Lakeview Parkway with excellent exposure and easy access.; Versatile property suitable for residential or commercial use.; Flexible layout with multiple living spaces and ample natural light.
