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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Grocery and convenience stores
1900 Lakeview Pkwy Rowlett, TX 75088-3838
Individually Owned
19-yr Hold
Free & Clear
Property ID
US83-3840873
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2006
Construction
TILT-UP CONCRETE
Total area
5,016 SF
Lot
2.09 ac (91,128 SF)
Zoning code
Z94
APN
44650000010010000
UPID
US83-3840873
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
QuikTrip Gas Station
-
ATM Transfund Bank Or Atm Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$741k
Blend (final)
Blend
$635k
Owner & transaction history
Mcstorage Mini · 19 yrs held
Mcstorage Mini
since 2006
2 recorded transactions
Zoning & alternative use
Z94 · Rowlett, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$680,000
+202.2%
Restaurant
$670,000
+197.3%
Auto repair, garage
$590,000
+161.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rowlett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rowlett submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$680,000
Change: +202% · Conversion: Moderate
RESTAURANT
$670,000
Change: +197% · Conversion: Difficult
AUTO REPAIR, GARAGE
$590,000
Change: +161% · Conversion: Difficult
RETAIL STORES
$515,000
Change: +129% · Conversion: Easy
COMMERCIAL (GENERAL)
$480,000
Change: +112% · Conversion: Easy
MEDICAL BUILDING
$450,000
Change: +99% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$127 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$40,901
Tax year 2023
Assessed value
$1,771,470
Assessed 2023
Previous assessed
$1,771,470
+0.0% YoY
Effective rate
2.31%
On assessed value
Assessed land
$697,420
Assessed improvement
$1,074,050
Land market value
$697,420
Improvement market value
$1,074,050
Total market value
$1,771,470
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2006
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,016 SF
Lot
2.09 ac (91,128 SF)
Zoning code
Z94
APN
44650000010010000
UPID
US83-3840873
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z94 · Rowlett, TX
Zoning Z94 · permitted uses
Z94 · Rowlett, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rowlett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$680,000
RESTAURANT
Est. value
$670,000
AUTO REPAIR, GARAGE
Est. value
$590,000
RETAIL STORES
Est. value
$515,000
COMMERCIAL (GENERAL)
Est. value
$480,000
MEDICAL BUILDING
Est. value
$450,000
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.09 ac
Current owner
From public records · entity-resolved
Mcstorage Mini
Individual
Free & Clear · 19 yrs held
Mailing address
PO BOX 3475, TULSA, OK 74101-3475
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2006
—
Mcstorage Mini
Quiktrip Corp
Grant Deed
related
—
Oct 14, 2005
—
Quiktrip Corp
Scalded Ptshp Fund
Warranty Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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