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

    6909 Rowlett Rd Rowlett, TX 75089-1679

    • Strip malls
    • 7,020 SF
    • 1.15 lot acres
    OFF-MARKET
    Last Sale
    Jan 28, 2022
    Value Estimations
    $390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3238155
    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

    • Christian Serrano - State Farm Insurance Agent / Life Insurance Agency / Renter'S Insurance Agency
    • JV Super Hair Salon / Hair Salon
    • Miracle Cleaners / Dry Cleaner
    • Supreme Donuts / Fast Food Restaurant / Donut Shop
    • PS Nails / Nail Salon

    Property Details for 6909 Rowlett Rd

    Year built
    2000
    Construction
    TILT-UP CONCRETE
    Lot size
    1.15 lot acres
    Property size
    7,020 SF
    Zone code
    Z92
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    44022240010010000
    APU
    44022240010010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $450,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $326,000
      Market price range: $207k - $357k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $285,000
      Current use
      RETAIL STORES
      $685,000
      Change: +142% Conversion: Easy
      MEDICAL BUILDING
      $630,000
      Change: +122% Conversion: Difficult
      WAREHOUSE, STORAGE
      $410,000
      Change: +45% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Rowlett
    County
    Dallas
    State
    Texas
    Longitude
    -96.5789
    Latitude
    32.9216
    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
    $35,302
    $200,000
    $1,329,000
    $1,529,000
    -
    $200,000
    $1,329,000
    $1,529,000

    Comparable in this City

    • Value Estimation
      $455,000
      9,520 SF

      5401 Kenwood Dr

      SHOPPING CENTER, STRIP CENTER • 9,520 SF
      5401 Kenwood Dr, Rowlett, TX 75089-3180
      View Details
    • Value Estimation
      $555,000
      16,640 SF

      8701 Liberty Grv Rd

      SHOPPING CENTER, STRIP CENTER • 16,640 SF
      8701 Liberty Grv Rd, Rowlett, TX 75089-2301
      View Details
    • Value Estimation
      $1,330,000
      36,360 SF

      5505 Rowlett Rd

      SHOPPING CENTER, STRIP CENTER • 36,360 SF
      5505 Rowlett Rd, Rowlett, TX 75089-4028
      View Details
    • Value Estimation
      $485,000
      17,634 SF

      5601 President George Bush Hwy

      SHOPPING CENTER, STRIP CENTER • 17,634 SF
      5601 President George Bush Hwy, Rowlett, TX 75089-3912
      View Details
    • Value Estimation
      $1,165,000
      36,360 SF

      5505 Rowlett Rd

      SHOPPING CENTER, STRIP CENTER • 36,360 SF
      5505 Rowlett Rd, Rowlett, TX 75089-4028
      View Details
    • Value Estimation
      $425,000
      15,132 SF

      5501 Gordon Smith Dr

      SHOPPING CENTER, STRIP CENTER • 15,132 SF
      5501 Gordon Smith Dr, Rowlett, TX 75089-4006
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8.75 Acres

      Rowlett Road Commercial Land Parcel

      8.75 Acres, Prime Commercial Location
      7818 Rowlett Rd, Rowlett, TX 75089
      View Details
    • $159,900
      0.75 Acres

      Prime Rowlett Commercial Land

      0.747-acre lot, ideal for development
      6009 President George Bush Hwy, Rowlett, TX 75089
      View Details
    • Contact for pricing
      4.00 Acres

      ±4 Acres Dallas County Land

      Prime Rowlett location, high visibility, development potential.
      & President George Bush Tollway Shady Ln, Rowlett, TX 75089
      View Details
    • Contact for pricing
      2.92 Acres

      Prime Rowlett Commercial Land

      2.9 Acres, C-2 Zoning, High Traffic
      66 Lakeview Pkwy & Chiesa Rd, Rowlett, TX 75089
      View Details
    • Contact for pricing
      16.20 Acres

      16.2 Acres Commercial Land, Rowlett, TX

      Prime Rowlett land, 16.2 acres, commercial zoning.
      6701 Liberty Grove Rd, Rowlett, TX 75089
      View Details
    • $419,000
      1.20 Acres

      Rowlett, TX Commercial Land

      1.2 acre commercial land for sale in Rowlett, Texas.
      6832 Lakeview Pkwy, Rowlett, TX 75089
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,050 SF

      Retail Space on Dalrock Road

      Retail space available in Rowlett, Texas shopping center.
      6501 Dalrock Rd, Rowlett, TX 75089
      View Details
    • Contact for pricing
      2,414 SF

      Retail Space in Rowlett Center

      Retail space available at major intersection with highway visibility.
      5601 President George Bush Hwy, Rowlett, TX 75089
      View Details
    • Contact for pricing
      4,900 SF

      Retail Space in Rowlett, Texas

      Retail space anchored by Tom Thumb in Rowlett, Texas.
      8809 Dalrock Rd, Rowlett, TX 75089
      View Details
    • Contact for pricing
      6,881 SF

      Retail Space in Prime Location

      Retail space with open floorplan, warehouse, and ample parking.
      5414 Rowlett Rd, Rowlett, TX 75089
      View Details
    • Contact for pricing
      2,316 SF

      Lakeview Parkway Medical/Office Space

      New medical/office space available for lease near President G. Bush Turnpike.
      6842 Lakeview Cir, Rowlett, TX 75089
      View Details
    • Contact for pricing
      1,125 SF

      Rowlett Office Space Available

      Office space available for rent in Rowlett, Texas.
      8112 Liberty Grove Rd, Rowlett, TX 75089
      View Details
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    6909 Rowlett Rd
    Rowlett, TX 75089-1679
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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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