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    Of Lakeview Pkwy Rowlett, TX 75040

    For Sale
    $922,500

    8.4 Acres, Retail Zoning, Garland, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 8.4-acre commercial land parcel presents a compelling investment opportunity in Garland, Texas. Strategically located on Centerville Road, north of Lakeview Parkway (US Hwy 66), between Castle Drive and Lakeview Parkway in Northeast Garland, this property boasts 1,346 feet of prime road frontage. Currently zoned for retail use (SC), it offers significant development potential despite its current floodplain location. A 2007 engineering report indicates that only approximately 11% of the property falls within the floodway, suggesting a manageable reclamation project. The report, available upon request, details the feasibility of mitigating floodplain issues. The land is generally level, requiring an estimated 3.5 feet of fill in areas designated for construction. Priced aggressively at $922,500, this property represents a rare chance to acquire a substantial tract in a strong market, ideal for redevelopment and poised for significant return on investment. The Springfield JV holds ownership. The property's address is Centerville Road, Garland, TX 75040.

    Property Features for 0 Of Lakeview Pkwy

    General Information

    Property type
    Land
    Lot Size
    365,904 SF

    HighLights

    • 8.4‑acre commercial land parcel in Garland, TX, on Centerville Road.
    • 1,346 feet of road frontage, zoned for retail (SC).
    • Floodplain location with approximately 11% in the floodway, reclamation feasible.
    • Level land requiring approximately 3.5 feet of fill for construction.
    • Priced at $922,500.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rowlett
    County
    Dallas
    State
    Texas
    Longitude
    -96.597002117215
    Latitude
    32.913716954216

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    FAQs

    What type of property is this?
    Land - 8.4 Acres, Retail Zoning, Garland, TX
    Where is this land located?
    The property is located at Of Lakeview Pkwy Rowlett, TX.
    What is the asking price?
    The asking price for this property is $922,500.
    What are key features of this property?
    This property features: 8.4-acre commercial land parcel in Garland, TX, on Centerville Road.; 1,346 feet of road frontage, zoned for retail (SC).; Floodplain location with approximately 11% in the floodway, reclamation feasible.
    Request Owner's contact information
    Of Lakeview Pkwy Rowlett, TX 75040
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Of Lakeview Pkwy Rowlett, TX 75040
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