2205 Lakeview PkwyRowlett, TX 75088

  • Banks
  • 5,300 SF

Property Details for 2205 Lakeview Pkwy

Year built
2006
Construction
FRAME
Lot size
1.09 AC
Property size (Sq ft)
5,300 SF
Property type
Banks
APN
442175500A4R20000
APU
442175500A4R20000

Description

Exceptional opportunity to acquire one of several available pad sites in a thriving Rowlett, Texas development. Located at 2205 Lakeview Pkwy, 75088, in Dallas County, these sites offer a range of sizes, from 0.344 to 2.67 acres. The property is zoned for retail and medical office use, providing flexibility for various business types. This development boasts a strong anchor tenant, Home Depot, ensuring high visibility and traffic. The location offers convenient access with excellent ingress and egress, a significant advantage for customers and employees. The sites are part of a development situated in one of the fastest-growing cities in northeastern Dallas County, promising substantial future growth and increased property value. Three individual suites are available within the development, providing options for businesses of varying sizes. A total of one square foot is currently vacant, representing a unique opportunity for immediate occupancy. This prime location presents a compelling investment opportunity for businesses seeking high-traffic exposure and a strong tenant mix in a rapidly expanding market. The property's strategic location and the presence of a major national co-tenant make it an attractive proposition for long-term growth and profitability.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,715,785
    6.5%
    $1,583,802
    7%
    $1,470,673
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,953,469
    Geo Method
    $1,606,994
  • Alternative Use

    Use
    Valuation
    Residential
    $1,335,996
    Hospitality
    $1,223,765
    Educational
    $1,018,158
    Medical
    $1,053,174
    Retail
    $1,583,802

Location Insight

City
Rowlett
County
Dallas
State
Texas
Latitude
32.9086
Longitude
-96.5814
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
2024
$43,637
$474,800
$1,415,200
$1,890,000
-
$474,800
$1,415,200
$1,890,000

FAQs

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