Modern Office Condo
For Sale
$665,000
8212 Liberty Grove Road, Rowlett, TX 75089
Double-unit office condo with a reception, five private offices, conference area, kitchen, two restrooms, and ample parking.
Property Size2,250 SF
Price / SF$295.56
Days on Market89
Property Features for 8212 Liberty Grove Road
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$6,994
Amenities
Central Air
3
Trash Collection. City Road.
Building Details
Year Built
2019
Listing Agency:
Coldwell Banker Realty
(214) 679-1477
Listed By:
Aidan Flores · License #0495746
(214) 679-1477
Source:
Xome
Added: May 27
Changed: Aug 20
Last Checked: Aug 22 at 3:40AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This modern office condo is configured as a double-unit and is currently tenant-occupied. The interior layout includes a reception area, five private offices, and a large conference room designed for meetings and group gatherings. Back-of-house conveniences include a kitchen/breakroom area and two bathrooms.
The property is located on the frontage of Liberty Grove, described as a high-traffic corridor, near I-90 (PGBT) and US 66. Parking is available on-site, including two double side-by-side monument spaces, and there are up to two building sign spaces.
With its self-contained office layout and substantial conference and break areas, the space can work well for an owner-operator seeking an operational office setting, or for an investor looking at a tenant-in-place arrangement. The size and configuration also support a range of professional uses commonly suited to office environments, including medical, therapy, salon, and service provider operations, subject to applicable requirements.
The property is located on the frontage of Liberty Grove, described as a high-traffic corridor, near I-90 (PGBT) and US 66. Parking is available on-site, including two double side-by-side monument spaces, and there are up to two building sign spaces.
With its self-contained office layout and substantial conference and break areas, the space can work well for an owner-operator seeking an operational office setting, or for an investor looking at a tenant-in-place arrangement. The size and configuration also support a range of professional uses commonly suited to office environments, including medical, therapy, salon, and service provider operations, subject to applicable requirements.
Key Highlights
- 2019‑built double‑unit office condo with central air and central heating
- Office layout includes a reception area, 5 private offices, and a large conference room
- Back‑of‑suite amenities include a kitchen/break area and 2 bathrooms
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
$31,894
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
4.80%
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%
$637,880
$637.9K
Cap Rate 7%
$455,629
$455.6K
Cap Rate 9%
$354,378
$354.4K
Market Conditions
NOI Build-Up for 2,250 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
$56.7K $25.20/SF
− Vacancy
−$14.2K −$6.30/SF
EGI
$42.5K $18.90/SF
− OpEx
−$10.6K −$4.73/SF
NOI
$31.9K $14.17/SF
Area
Dallas County, TX
Vacancy
25.00%
Lease Rate
$25.20 /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%
$637,880
Cap Rate 7%
$455,629
Cap Rate 9%
$354,378
Alternative Uses
Best Use
Office B
$455.6K
$398.7K – $531.6K
NOI $31,894 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$26.97M
$23.60M – $31.46M
NOI $1,887,897 @ 7.0% cap · market cap 283.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Explore this area
Business Placement
Demographics for 75089, TX
34,608
Population
11,951
Households
2.9
Avg Household Size
38
Median Age
40%
College-Educated
93%
High-School Grad
12.1 sq mi
ZIP Area
2,860
Density / Sq Mi
$125,315
Median Household Income
$56,420
Median Earnings
$2,029
Median Rent
$359,300
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 - Double-unit office condo with a reception, five private offices, conference area, kitchen, two restrooms, and ample parking.
Where is this office units located?
The property is located at 8212 Liberty Grove Road Rowlett, TX.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: 2019‑built double‑unit office condo with central air and central heating; Office layout includes a reception area, 5 private offices, and a large conference room; Back‑of‑suite amenities include a kitchen/break area and 2 bathrooms
