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    Property profile & analytics

    3002 Century Dr Rowlett, TX 75088-7542

    • Industrial properties
    • 31,455 SF
    • 1.94 lot acres
    OFF-MARKET
    Last Sale
    Jan 19, 2022
    Value Estimations
    $1,010,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3459040
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Integritas / (Bike/Boat/Book/etc) Store / Corporate Office
    • Accelerate Auto Repair / Auto Repair Shop
    • FAST by Accelerate Auto Group / Car Dealership
    • Bridal Club / Wedding Service
    • Accelerate Auto Group / Car Dealership

    Property Details for 3002 Century Dr

    Year built
    2001
    Construction
    FRAME
    Lot size
    1.94 lot acres
    Property size
    31,455 SF
    Zone code
    Z92
    Property type
    Industrial properties
    APN
    440228800309R0000
    APU
    440228800309R0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $800,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,215,000
      Market price range: $572k - $1.77M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,075,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rowlett
    County
    Dallas
    State
    Texas
    Longitude
    -96.5737
    Latitude
    32.9004
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $52,060
    $253,590
    $2,001,210
    $2,254,800
    -
    $253,590
    $2,001,210
    $2,254,800

    Comparable in this City

    • Value Estimation by Request
      10,665 SF

      4402 Vaughan Dr

      INDUSTRIAL (GENERAL) • 10,665 SF
      4402 Vaughan Dr, Rowlett, TX 75088-7501
      View Details
    • Value Estimation by Request
      8,030 SF

      3305 Century Dr

      Flex space • 8,030 SF
      3305 Century Dr, Rowlett, TX 75088
      View Details
    • Value Estimation by Request
      720 SF

      5010 Grisham Dr

      INDUSTRIAL (GENERAL) • 720 SF
      5010 Grisham Dr, Rowlett, TX 75088-3953
      View Details
    • Value Estimation
      $680,000
      21,771 SF

      4817 Rowlett Rd

      LUMBERYARD, BUILDING MATERIALS • 21,771 SF
      4817 Rowlett Rd, Rowlett, TX 75088-4078
      View Details
    • Value Estimation by Request
      3,142 SF

      3209 Main St

      INDUSTRIAL (GENERAL) • 3,142 SF
      3209 Main St, Rowlett, TX 75088-7508
      View Details
    • Value Estimation
      $2,970,000
      43,110 SF

      3300 Enterprise Dr

      MINI-WAREHOUSE, STORAGE • 43,110 SF
      3300 Enterprise Dr, Rowlett, TX 75088-4085
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Rowlett Industrial Property For Sale

      Industrial property available for purchase in Rowlett, Texas.
      4405 Industrial St, Rowlett, TX 75088
      View Details
    • $1,925,000
      15,406 SF

      Rowlett Warehouse: Prime Location

      15,406 SF Warehouse, Vacant, $1.9M
      4720 Industrial St, Rowlett, TX 75088
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      8,920 SF

      Rowlett Warehouse with Office Space

      8,920 SF warehouse with 1,000 SF office in Rowlett.
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      21,400 SF

      Rowlett Industrial Property For Sale

      Single-tenant industrial property with warehouse, office, and covered storage.
      5201 Grisham Dr, Rowlett, TX 75088
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      68,610 SF

      Rowlett Warehouse with Truck Court

      68,610 SF warehouse featuring a 130' truck court.
      3314 Lakeview Pkwy, Rowlett, TX 75088
      View Details
    • $1,550,000
      8,030 SF

      Rowlett Flex Space: $1.55M

      Modern Flex Building, 8,030 SF
      3305 Century Dr, Rowlett, TX 75088
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      26 SF

      Industrial Property for Rent

      Industrial property available for rent in Rowlett, Texas.
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    • Contact for pricing
      5,105 SF

      Fenced Outside Storage Available

      Industrial property featuring fenced outside storage in Rowlett, Texas.
      3315 Enterprise Dr, Rowlett, TX 75088
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    • Contact for pricing
      2,500 SF

      Rowlett Warehouse with Fenced Storage

      2,500 SF warehouse with office and fenced storage.
      3315-3317 Enterprise Dr, Rowlett, TX 75088
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    • $4,495 /Mo
      87,120 SF

      Rowlett Commercial Opportunity

      Prime commercial land in Rowlett, near Lake Ray Hubbard.
      8210 Schrade Rd, Rowlett, TX 75088
      View Details
    • Contact for pricing
      425 SF

      Retail Space in Rowlett Center

      Highly visible retail space in a busy shopping center.
      3502 Lakeview Pkwy, Rowlett, TX 75088
      View Details
    • Contact for pricing
      7,380 SF

      Highway 66 Retail Pad Sites

      Rowlett, TX: Prime Retail Opportunity
      2700 Lakeview Pkwy, Rowlett, TX 75088
      View Details
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    Rowlett, TX 75088-7542
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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