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$1,500

7200 Lakeview Pkwy, Rowlett, TX, 75088

On MarketInfo
CommercialInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size7,405 sqft

Land Information

APN44016630010010100
Lot Number1
SubdivisionRowlett Family Dentistry
Land UseCommercial
Legal DescriptionROWLETT FAMILY DENTISTRY BLK 1 LT 1.1 ACS 0.17 INT202200176204 DD06232022 CO-DC 0166300100101 2CW01663001
Census Tract018134
Assessed Land Value$74,050
Assessment Year2025

About this property

GROUND LEASE: .17 acre Ground Lease on Lakeview Parkway (SH-66), Rowlett’s, main thoroughfare with traffic counts over 40,000 vehicles per day. Located in a dense residential area with household growth projected at 7.24% in three miles over the next five years. The intersection of Lakeview Parkway and Chiesa is seeing a great deal of development including 276 multi-family units under construction, Liberty Dermatology center completed in 2020 and a recently completed 650 unit storage facility.

Investor Tools

$74,155Estimated Mortgage Balance
$74,050Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$444 /month
Positive
Cash Flow Estimate:
$148 /month

Interested in this property?

Kevin Weable

M&D CRE, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$176/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,743
$74,050
2025
$74,050
N/A
$74,050
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,743
$74,050

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
John P Mitchell
Seller Carryback / Seller Financing / Seller Take-Back
$80,010
No
First
Jun 23, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$74,155
N/A
0%
100%
$480/mo

City: Rowlett