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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Office buildings
5404 Kenwood Dr, Rowlett, TX 75089-3104
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-5854818
Property summary
AI-generated overview
This exceptional investment opportunity presents a 6,200 square foot multi-tenant retail shopping center located at 5404 Kenwood Dr, Rowlett, TX 75089, in Dallas County. The property boasts a prime location, strategically situated between Walmart and Sprouts grocery stores, ensuring high visibility and consistent foot traffic. With an asking price of $3,689,231 and a price per square foot of $595.04, this property offers a compelling 6.50% cap rate. Currently operating at 100% occupancy, the center is anchored by a Chick-fil-A, further enhancing its appeal and stability. The property benefits from its high-traffic location, exposed to over 45,000 vehicles daily, drawing from both neighborhood and regional traffic. The surrounding area features a high average household income and is populated by well-known franchises. A significant advantage is the inclusion of a Chick-fil-A parking ground lease, adding to the overall investment value. This well-positioned retail center presents a strong and stable investment opportunity in a thriving market. The property type is retail, specifically a shopping center, with multi-tenancy.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2019
Construction
FRAME
Total area
6,404 SF
Lot
1.81 ac (78,844 SF)
APN
440142600A5ARA000
UPID
US82-5854818
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
-
Quinn Pediatrics Medical Clinic Pediatrician
-
Texas Tiny Teeth Pediatric Dentistry & Orthodontics Rowlett Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.49M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.62M
Owner & transaction history
KMS RETAIL HUNTSVILLE
KMS RETAIL HUNTSVILLE
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,615,000
6.5%
$1,490,000
7%
$1,385,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,225,000
Current use
COMMERCIAL (GENERAL)
$1,080,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±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
$252 / 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
$39,731
Tax year 2023
Assessed value
$1,720,800
Assessed 2023
Previous assessed
$1,720,800
+0.0% YoY
Effective rate
2.31%
On assessed value
Assessed land
$157,690
Assessed improvement
$1,563,110
Land market value
$157,690
Improvement market value
$1,563,110
Total market value
$1,720,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2019
Construction
FRAME
Stories
1
Total area
6,404 SF
Lot
1.81 ac (78,844 SF)
APN
440142600A5ARA000
UPID
US82-5854818
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
2019
Construction
FRAME
Stories
1
Lot
1.81 ac
Current owner
From public records · entity-resolved
KMS RETAIL HUNTSVILLE
Individual
Free & Clear · 0 yrs held
Mailing address
5622 DYER ST STE #200, DALLAS, TX 75206-5072
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
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