Turn-Key Medical/Dental Office
For Sale
$899,000
7617 Lakeview Parkway, Rowlett, TX 75088
Move-in ready medical/dental office building in excellent condition.
Property Size4,544 SF
Price / SF$229.92
Days on Market151
Property Features for 7617 Lakeview Parkway
General Information
Standard status
Active
Size
4,544 SF
Property subtype
Commercial
Zoning
C-2
Building Details
Building Size
4,544 SF
Year Built
1988
Stories
1
Units
1
Listing Agency:
RLR Homes, LLC
(214) 288-9184
Listed By:
Chance Johnson · License #523160
(214) 288-9184
Source:
Fullhouserealtytx
Added: Mar 26
Changed: Aug 23
Last Checked: Aug 22 at 9:14AM
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 RLR Homes, LLC
Investment Insights
Based on property information with market context.
This is a 3,910 square foot, move-in ready, second-generation medical/dental office building in excellent condition. The property features monument signage. It contains 7 exam rooms, an X-ray room, 5 administrative offices, 3 restrooms and a break room. The building is located 1.4 miles from Baylor Scott & White Medical Center (Lake Pointe) Hospital and 7.3 miles from Texas Health Presbyterian Hospital Rockwall.
Key Highlights
- Turn‑Key Medical/Dental Office Building
- Move‑in ready!
- 3,910 SF
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
$55,592
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
6.18%
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%
$1,111,840
$1.1M
Cap Rate 7%
$794,171
$794.2K
Cap Rate 9%
$617,689
$617.7K
Market Conditions
NOI Build-Up for 3,910 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
$101.8K $26.04/SF
− Vacancy
−$9.2K −$2.34/SF
EGI
$92.7K $23.70/SF
− OpEx
−$37.1K −$9.48/SF
NOI
$55.6K $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%
$1,111,840
Cap Rate 7%
$794,171
Cap Rate 9%
$617,689
Alternative Uses
Best Use
Healthcare Medical
$794.2K
$694.9K – $926.5K
NOI $55,592 @ 7.0% cap · market cap 6.18%
Second Best
Office B
$791.8K
$692.8K – $923.7K
NOI $55,424 @ 7.0% cap · market cap 6.17%
Theoretical Best
Multifamily LT 5
$46.87M
$41.01M – $54.68M
NOI $3,280,746 @ 7.0% cap · market cap 364.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75088, TX
26,899
Population
10,168
Households
2.6
Avg Household Size
40
Median Age
37%
College-Educated
94%
High-School Grad
9.3 sq mi
ZIP Area
2,892
Density / Sq Mi
$105,064
Median Household Income
$54,587
Median Earnings
$1,899
Median Rent
$326,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Petco Vaccination Clinic — 8809 Lakeview Pkwy Ste 116, Rowlett, TX 75088
Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in ready medical/dental office building in excellent condition.
Where is this medical office space located?
The property is located at 7617 Lakeview Parkway Rowlett, TX.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Turn‑Key Medical/Dental Office Building; Move‑in ready!; 3,910 SF
