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Property profile & analytics
FOR LEASE
Strip malls
8405 Lakeview Pkwy Rowlett, TX 75089
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US82-4490795
For Lease
1 / 2
Contact for pricing
8405 Lakeview Pkwy, Rowlett, TX 75089
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Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Construction
TILT-UP CONCRETE
Total area
24,980 SF
Lot
3.49 ac (151,850 SF)
Zoning code
Z236
APN
44001370011RA0000
UPID
US82-4490795
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
-
Subway Take-out & Catering
-
Michael Adair Alternative Medicine Practice
-
Akumin Medical Clinic
-
Triple Cards & Collectibles (Bike/Boat/Book/etc) Store
-
Christopher Kreymer Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$790k
Owner & transaction history
Walker Five LP · 12 yrs held
Walker Five LP
since 2013
7 recorded transactions
Zoning & alternative use
Z236 · Rowlett, TX
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
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,125,000
Current use
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$32 / 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
$102,744
Tax year 2023
Assessed value
$4,450,000
Assessed 2023
Previous assessed
$4,450,000
+0.0% YoY
Effective rate
2.31%
On assessed value
Assessed land
$911,190
Assessed improvement
$3,538,810
Land market value
$911,190
Improvement market value
$3,538,810
Total market value
$4,450,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2001
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
24,980 SF
Lot
3.49 ac (151,850 SF)
Zoning code
Z236
APN
44001370011RA0000
UPID
US82-4490795
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z236 · Rowlett, TXZoning Z236 · permitted uses
Z236 · Rowlett, TX
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2001
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
3.49 ac
Current owner
From public records · entity-resolved
Walker Five LP
Entity
Mailing address
102 S GOLIAD ST STE #200, ROCKWALL, TX 75087-3714
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2023
—
Walker Five LP
—
Deed
related
$8,700,000 · Bank Of America NA
Jun 15, 2018
—
Walker Five LP
—
Deed
related
$5,890 · Wells Fargo Bk
Aug 30, 2013
—
Walker Five LP
Texas Coml Funding Group LLC
Warranty Deed
$5,160,000 · United Heritage Cu
Sep 7, 2010
$8,608,040
Texas Coml Funding Group LLC
Sands,sheppard
Trustees Deed
related
—
Sep 22, 2008
—
Acme Realty Plaza 71 Ltd
Shafer Plaza Xlviii Ltd
Grant Deed
$8,400,000 · Texas Com'l Funding Group LLC
May 26, 2006
—
Shafer Plaza Xl Viii Ltd
Yatim R/e Invs-lakeview L
Grant Deed
$8,025,000 · Omniamerican Bank
—
—
Walker Five LP
—
Deed Of Trust
related
$5,890 · Wells Fargo Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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