Storefront Retail
For Sale
$1,800,000
8617 Sunset Boulevard, Rowlett, TX 75088
Retail or office shell space in a shopping center with a flexible layout for build-out.
Property Size8,100 SF
Price / SF$222.22
Days on Market40
Property Features for 8617 Sunset Boulevard
General Information
Standard status
Active
Size
8,100 SF
Building Details
Year Built
2025
Listing Agency:
Beam Real Estate, LLC
(972) 484-6644
Listed By:
Lilu David · License #0691855
Source:
Christenberrygroup
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 28 at 8:54PM
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 Beam Real Estate, LLC
Investment Insights
Based on property information with market context.
This 8,100-square-foot storefront shell is configured for a future retail, office, restaurant, medical, or service-related build-out. The flexible floor plan allows the interior to be adapted to the selected use, while the 2025 construction provides a recently built commercial space.
Located within a shopping center at 8617 Sunset Boulevard in Rowlett, Texas, the property carries Commercial Office or Retail zoning. The site includes parking and is positioned for storefront-oriented business operations.
Located within a shopping center at 8617 Sunset Boulevard in Rowlett, Texas, the property carries Commercial Office or Retail zoning. The site includes parking and is positioned for storefront-oriented business operations.
Key Highlights
- 8,100 SF storefront shell space
- 2025 construction
- Commercial Office or Retail zoning
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
$134,447
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
7.47%
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%
$2,688,940
$2.7M
Cap Rate 7%
$1,920,671
$1.9M
Cap Rate 9%
$1,493,856
$1.5M
Market Conditions
NOI Build-Up for 8,100 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
$202.2K $24.96/SF
− Vacancy
−$10.1K −$1.25/SF
EGI
$192.1K $23.71/SF
− OpEx
−$57.6K −$7.11/SF
NOI
$134.4K $16.60/SF
Area
Dallas County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
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%
$2,688,940
Cap Rate 7%
$1,920,671
Cap Rate 9%
$1,493,856
Alternative Uses
Best Use
Retail
$1.92M
$1.68M – $2.24M
NOI $134,447 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$97.09M
$84.96M – $113.27M
NOI $6,796,431 @ 7.0% cap · market cap 377.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
227
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Retail or office shell space in a shopping center with a flexible layout for build-out.
Where is this storefront property located?
The property is located at 8617 Sunset Boulevard Rowlett, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 8,100 SF storefront shell space; 2025 construction; Commercial Office or Retail zoning
