Retail Shell in Shopping
For Sale
$1,800,000
8617 Sunset Boulevard, Rowlett, TX 75088
CommercialSale, Rowlett, TX
Property Size8,100 SF
Lot Size0.50 Acres
Price / SF$222.22
Days on Market87
Property Features for 8617 Sunset Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Property condition
Under Construction
Zoning description
Commercial Office or Retail
Parking features
On Street, Parking Lot
Accessibility
Accessible Approach with Ramp
Subdivision
Rowlett
Lot features
Landscaped
Directions
George Bush Turnpike to Miiler Rd Exit. Right on Chiesa Rd, Right on Dalrock Rd, Right on Sunset Blvd.
Standard status
Active
APN
APN
Lot size
0.50 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
flexible floor plan
Building Details
Year built
2025
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Brick, Concrete
Roof type
Metal
Listing Agency:
Beam Real Estate, LLC
(972) 484-6644
Listed By:
Lilu David · License #0691855
(972) 484-6644
Added: Jun 7
Changed: Aug 21
Last Checked: Sep 1 at 10:06AM
MLS# 21069059
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.
Investment Insights
Based on property information with market context.
This under-construction retail shell is located within a shopping center and offers a flexible interior for future build-out. The improvements use brick and concrete construction, with concrete flooring and a metal roof. An accessible approach with ramp entry is provided, and parking features include an on-site lot and on-street parking.
The property covers 0.5 acres in Rowlett, Texas. Public water and public sewer are identified for the site. Built in 2025, the space is positioned for customization across retail, restaurant, medical, fitness, and professional service applications.
The property covers 0.5 acres in Rowlett, Texas. Public water and public sewer are identified for the site. Built in 2025, the space is positioned for customization across retail, restaurant, medical, fitness, and professional service applications.
Key Highlights
- 0.5‑acre retail property in Rowlett, TX
- Under construction with a flexible shell interior
- Brick and concrete construction with concrete flooring
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
83
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Retail space - Under-construction commercial space offers concrete flooring, parking, and accessible ramp entry.
Where is this retail space 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: 0.5‑acre retail property in Rowlett, TX; Under construction with a flexible shell interior; Brick and concrete construction with concrete flooring
