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    7501 Lakeview Pkwy Rowlett, TX 75088

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    7501 Lakeview Pkwy Rowlett, TX 75088

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    • Medical Office Space
    • 52,797 SF
    • 5.41 lot acres
    For Lease
    $26 SF/Yr
    View Listing →
    Medical Office Space Available For Lease
    $26 SF/Yr
    3,750 SF

    Medical Office Space Available

    Class A medical office space for rent in Rowlett, TX.

    7501 Lakeview Pkwy, Rowlett, TX
    View Listing
    Property ID
    US82-1597919
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lake Pointe Dentistry / Dental Office
    • Baylor Scott & White Sleep Center - Rowlett / Medical Clinic
    • Baylor Scott & White Primary Care - North Rowlett / Medical Clinic
    • Baylor Scott & White Comprehensive Wound Center - Rowlett / Physician
    • Viralkumar Patel, M.D. / Physician

    Property Details for 7501 Lakeview Pkwy

    Year built
    2007
    Construction
    TILT-UP CONCRETE
    Lot size
    5.41 lot acres
    Property size
    52,797 SF
    Zone code
    Z92
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    65142402510010000
    APU
    65142402510010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,798,000
      Market price range: $2.28M - $6.96M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $4,725,000
      Current use
      OFFICE BUILDING
      $7,180,000
      Change: +52% Conversion: Easy
      RESTAURANT
      $7,060,000
      Change: +49% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $6,210,000
      Change: +31% Conversion: Difficult
      RETAIL STORES
      $5,430,000
      Change: +15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $5,030,000
      Change: +6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Rowlett
    County
    Dallas
    State
    Texas
    Longitude
    -96.5293
    Latitude
    32.9124
    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
    $277,062
    $1,178,080
    $10,821,920
    $12,000,000
    -
    $1,178,080
    $10,821,920
    $12,000,000

    Comparable in this City

    • Value Estimation
      $1,250,000
      9,604 SF

      7700 Lakeview Pkwy

      MEDICAL BUILDING • 9,604 SF
      7700 Lakeview Pkwy, Rowlett, TX 75088-4362
      View Details
    • Value Estimation
      $905,000
      28,800 SF

      7700 Lakeview Pkwy

      MEDICAL BUILDING • 28,800 SF
      7700 Lakeview Pkwy, Rowlett, TX 75088-4362
      View Details
    • Value Estimation
      $575,000
      5,000 SF

      4624 Lakeview Pkwy

      MEDICAL BUILDING • 5,000 SF
      4624 Lakeview Pkwy, Rowlett, TX 75088-4027
      View Details
    • Value Estimation
      $1,270,000
      9,766 SF

      7700 Lakeview Pkwy

      MEDICAL BUILDING • 9,766 SF
      7700 Lakeview Pkwy, Rowlett, TX 75088-4362
      View Details
    • Value Estimation by Request
      2,454 SF

      7617 Lakeview Pkwy

      MEDICAL BUILDING • 2,454 SF
      7617 Lakeview Pkwy, Rowlett, TX 75088-4356
      View Details
    • Value Estimation by Request
      3,308 SF

      7713 Lakeview Pkwy

      MEDICAL BUILDING • 3,308 SF
      7713 Lakeview Pkwy, Rowlett, TX 75088-9313
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,910 SF

      Turn-Key Medical/Dental Office Building

      Move-in ready medical/dental office building in excellent condition.
      7617 Lakeview Pkwy, Rowlett, TX 75088
      View Details
    • $925,000
      1.01 Acres

      Turn-Key Medical Office Building

      Move-in ready medical office near Baylor Scott & White Hospital.
      7617 Lakeview Pkwy, Rowlett, TX 75088
      View Details
    • Contact for pricing
      9,600 SF

      Lakeview Medical Commons Office Space

      Modern office building with suites for various business needs.
      7700 Lakeview Pkwy, Rowlett, TX 75088
      View Details
    • $922,654
      4,636 SF

      Rowlett Office Warehouse - Prime Location

      Thriving Office Warehouse, Excellent Location
      3001 Century Dr, Rowlett, TX 75088
      View Details
    • Contact for pricing
      6,263 SF

      Rowlett Professional Office Building

      Professional office building for sale in the heart of Rowlett.
      5001 Rowlett Rd, Rowlett, TX 75088
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,700 SF

      Versatile Space Near Sapphire Bay

      Suitable for medical, retail, or office use near Sapphire Bay.
      4206 Dalrock Rd, Rowlett, TX 75088
      View Details
    • Contact for pricing

      Finished Medical Suites Available

      Finished medical suites available for rent in Rowlett, Texas.
      6900 Scenic Dr, Rowlett, TX 75088
      View Details
    • $26 SF/Yr
      3,750 SF

      Medical Office Space Available

      Class A medical office space for rent in Rowlett, TX.
      7501 Lakeview Pkwy, Rowlett, TX 75088
      View Details
    • Contact for pricing

      Turn-Key Medical/Dental Office Building

      Stand-alone medical/dental office building in Rowlett, Texas for lease.
      7617 Lakeview Pkwy, Rowlett, TX 75088
      View Details
    • Contact for pricing

      Medical Office Space Available

      Office space near Lakeview Parkway and George Bush Parkway.
      7700 Lakeview Pkwy, Rowlett, TX 75088
      View Details
    • Contact for pricing

      Lakeview Parkway Medical/Office Space

      Medical/office spaces available in new development on Lakeview Parkway.
      6842 Lakeview Pkwy, Rowlett, TX 75088
      View Details
    View Listing
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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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