Standalone Medical Office
For Sale
$899,000
7617 Lakeview Parkway, Rowlett, TX 75088
CommercialSale, Rowlett, TX
Property Size3,910 SF
Lot Size1.01 Acres
Price / SF$229.92
Days on Market98
Property Features for 7617 Lakeview Parkway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
C-2
Security features
Security
Subdivision
Johnson Medical Office
Directions
See map.
Standard status
Active
APN
440030000A0010000
Lot size
1.01 Acres
Taxes and HOA fees
Tax Description
JOHNSON MEDICAL OFFICE BLK A LOT 1 ACS 1.0096
Tax Annual Amount
14836
Legal Description
JOHNSON MEDICAL OFFICE BLK A LOT 1 ACS 1.0096
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Natural Gas
Cooling system
Electric, Ceiling Fan(s), Zoned, Central Air, Multi Units
Water source
Public
Building Details
Year built
1988
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Roof type
Composition
Listing Agency:
RLR Homes, LLC
Listed By:
Chance Johnson · License #523160
(214) 288-9184
Added: Jul 12
Changed: Sep 16
Last Checked: Oct 17 at 3:06AM
MLS# 20830556
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This standalone medical office property offers 3,910 SF of leasable space on 1.01 acres. The existing layout includes 7 exam rooms, an X-ray room, 5 administrative offices, 3 restrooms, and a break room. Vinyl flooring, zoned heating, and multi-unit cooling are in place, along with public water and public sewer. The building was constructed in 1988 and has a composition roof.
Located at 7617 Lakeview Parkway in Rowlett, the property fronts State Highway 66, a heavily trafficked thoroughfare. Baylor Scott & White Medical Center (Lake Pointe) Hospital is 1.4 miles away, while Texas Health Presbyterian Hospital Rockwall is 7.3 miles from the site. The property is identified for medical, dental, veterinary, spa, and stand-alone office use.
Located at 7617 Lakeview Parkway in Rowlett, the property fronts State Highway 66, a heavily trafficked thoroughfare. Baylor Scott & White Medical Center (Lake Pointe) Hospital is 1.4 miles away, while Texas Health Presbyterian Hospital Rockwall is 7.3 miles from the site. The property is identified for medical, dental, veterinary, spa, and stand-alone office use.
Key Highlights
- 3,910 SF leasable medical office building on 1.01 acres
- Existing clinical layout with 7 exam rooms and an X‑ray room
- 5 administrative offices, 3 restrooms, and a break room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,592
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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 - Clinical layout includes exam, imaging, administrative, and staff support areas within an established office setting.
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: 3,910 SF leasable medical office building on 1.01 acres; Existing clinical layout with 7 exam rooms and an X‑ray room; 5 administrative offices, 3 restrooms, and a break room
