$1,500
7200 Lakeview Pkwy, Rowlett, TX, 75088
On Market
Commercial
Highlights
Interior
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
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
