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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3502 Lakeview Pkwy Rowlett, TX 75088

    • Strip malls
    • 35,688 SF
    • 3.83 lot acres
    For Lease
    View listing
    Value Estimations
    $1,060,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4001954
    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

    • Harbor Freight Tools / Hardware Store / Tool Store
    • KeyExpress Locksmiths / Key Duplication Service / Locksmith
    • Chimney Specialist Rowlett / Chimney Sweep
    • Parallel Parking / School

    Property Details for 3502 Lakeview Pkwy

    Year built
    1984
    Construction
    TILT-UP CONCRETE
    Lot size
    3.83 lot acres
    Property size
    35,688 SF
    Zone code
    Z92
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    44022600010010000
    APU
    44022600010010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $710,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,405,000
      Market price range: $1.13M - $2.10M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,605,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rowlett
    County
    Dallas
    State
    Texas
    Longitude
    -96.5676
    Latitude
    32.9064
    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
    $138,424
    $2,669,220
    $3,326,170
    $5,995,390
    -
    $2,669,220
    $3,326,170
    $5,995,390

    Comparable in this City

    • Value Estimation
      $550,000
      8,100 SF

      3109 Lakeview Pkwy

      SHOPPING CENTER, STRIP CENTER • 8,100 SF
      3109 Lakeview Pkwy, Rowlett, TX 75088-3200
      View Details
    • Value Estimation by Request
      6,000 SF

      5326 Lakeview Pkwy

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      5326 Lakeview Pkwy, Rowlett, TX 75088-4100
      View Details
    • Value Estimation by Request
      6,848 SF

      3316 Lakeview Pkwy

      SHOPPING CENTER, STRIP CENTER • 6,848 SF
      3316 Lakeview Pkwy, Rowlett, TX 75088-3365
      View Details
    • Value Estimation
      $605,000
      18,892 SF

      4501 Rowlett Rd

      SHOPPING CENTER, STRIP CENTER • 18,892 SF
      4501 Rowlett Rd, Rowlett, TX 75088-5093
      View Details
    • Value Estimation by Request
      6,276 SF

      2101 Lakeview Pkwy

      SHOPPING CENTER, STRIP CENTER • 6,276 SF
      2101 Lakeview Pkwy, Rowlett, TX 75088-3310
      View Details
    • Value Estimation
      $815,000
      29,700 SF

      5101 Rowlett Rd

      SHOPPING CENTER, STRIP CENTER • 29,700 SF
      5101 Rowlett Rd, Rowlett, TX 75088-4036
      View Details

    Similar Nearby for Sale

    • $1,800,000
      0.50 Acres

      Prime Retail Shell Space Available

      8,100 SF retail shell in a well-located Rowlett shopping center.
      8617 Sunset Blvd, Rowlett, TX 75088
      View Details
    • $3,955,556
      2,325 SF

      New Chipotle with Drive-Thru

      New construction Chipotle with a 15-year absolute NNN lease.
      8201 Lakeview Pkwy, Rowlett, TX 75088
      View Details
    • $689,900
      0.50 Acres

      Lakeview Parkway Commercial Land

      High-traffic Rowlett, TX retail land. Redevelopment opportunity.
      8130 Lakeview Pkwy, Rowlett, TX 75088
      View Details
    • $4,781,600
      10.00 Acres

      Rowlett Rd. Commercial Land

      10 Acres, High-Visibility Location
      4217 Rowlett Rd, Rowlett, TX 75088
      View Details
    • $4,949,999
      446,925 SF

      Lakeview Pkwy Retail Opportunity

      10+ Acres, High-Traffic Location, Vacant
      4201 Lakeview Pkwy, Rowlett, TX 75088
      View Details
    • $2,490,000
      3.90 Acres

      Approved Land with Development Potential

      Approved land in Rowlett, TX, with high traffic and visibility.
      6851 Lakeview Pkwy, Rowlett, TX 75088
      View Details

    Similar Nearby for Lease

    • 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
    • $1,395,140

      Retail Space in Hillcrest Village

      Retail spaces available in a revitalized neighborhood shopping center.
      5505 Gordon Smith Dr, Rowlett, TX 75088
      View Details
    • $9 SF/Yr
      1,167 SF

      Retail Space in Shoreview Plaza

      Retail space for lease in Rowlett, Texas shopping center.
      2300 Rowlett Rd, Rowlett, TX 75088
      View Details
    • Contact for pricing
      4,175 SF

      Lakeview Plaza Retail Center

      Rowlett, TX Retail Space - 4,175 SF Available
      0 Nwc Of Dalrock Rd & Lakeview Pkwy, Rowlett, TX 75088
      View Details
    • Contact for pricing
      8,100 SF

      Prime Rowlett Retail Space

      New Construction, 8,100 SF Available
      8617 Sunset Blvd, Rowlett, TX 75088
      View Details
    • Contact for pricing
      1,725 SF

      Retail Space on Lakeview Parkway

      Retail space available in Rowlett, Texas shopping center.
      8405 Lakeview Pkwy, Rowlett, TX 75088
      View Details
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    Rowlett, TX 75088
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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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