Commercial Land With Existing
For Sale
$1,206,490
5811 Horizon, Rockwall, TX 75032
CommercialSale, Rockwall, TX
Property Size2,115 SF
Lot Size2.31 Acres
Price / SF$570.44
Days on Market170
Property Features for 5811 Horizon
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
Rainbow Acres
Lot features
Acreage, Cleared, Backs To Greenbelt Park, Landscaped
Directions
From I-30 , Go southeast down horizon (FM 3097), Pass Presbyterian, Structure is on the Left. Before Buffalo Creek Subdivision (Right Side) and before Pullen Elementary & Cain Middle school.
Standard status
Active
APN
000000020972
Size
2,115 SF
Lot size
2.31 Acres
Taxes and HOA fees
Tax Description
RAINBOW ACRES, LOT 20, ACRES 2.491, (REPLAT 2
Tax Annual Amount
9450
Legal Description
RAINBOW ACRES, LOT 20, ACRES 2.491, (REPLAT 2
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
1970
Listing Agency:
Caprice Michelle, LLC
(214) 789-7364
Listed By:
Caprice Michelle · License #9004701
(214) 789-7364
Added: Mar 16
Changed: Aug 21
Last Checked: Sep 1 at 8:06AM
MLS# 21204478
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2.3081-acre commercial land tract includes an existing 2,115-square-foot structure. Built in 1970, the building is being conveyed as-is, allowing the next owner to evaluate renovation or removal as part of the property’s future plan. Central heating and air conditioning serve the building, with ceiling fans also present.
The site is near Presbyterian Hospital and Pullen & Cain School, with Buffalo Creek Subdivision and Golf Course located across the road. Access to Hwy 30 and Hwy 205 is available nearby. An additional tract at 000 Ranch Trail may also be acquired, creating a combined 4.80-acre holding when both properties are purchased.
The site is near Presbyterian Hospital and Pullen & Cain School, with Buffalo Creek Subdivision and Golf Course located across the road. Access to Hwy 30 and Hwy 205 is available nearby. An additional tract at 000 Ranch Trail may also be acquired, creating a combined 4.80-acre holding when both properties are purchased.
Key Highlights
- 2.3081‑acre commercial land tract
- Existing 2,115 SF structure included
- Building constructed in 1970
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,106
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$702,120
$702.1K
Cap Rate 7%
$501,514
$501.5K
Cap Rate 9%
$390,067
$390.1K
Market Conditions
NOI Build-Up for 2,115 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.8K $24.96/SF
− Vacancy
−$2.6K −$1.25/SF
EGI
$50.2K $23.71/SF
− OpEx
−$15.0K −$7.11/SF
NOI
$35.1K $16.60/SF
Area
Rockwall County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$702,120
Cap Rate 7%
$501,514
Cap Rate 9%
$390,067
Alternative Uses
Best Use
Retail
$501.5K
$438.8K – $585.1K
NOI $35,106 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.59M
$1.39M – $1.86M
NOI $111,513 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Explore this area
Business Placement
Demographics for 75032, TX
34,590
Population
13,453
Households
2.6
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
48.1 sq mi
ZIP Area
719
Density / Sq Mi
$128,465
Median Household Income
$60,480
Median Earnings
$1,918
Median Rent
$462,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - The property includes a freestanding building offered in its current condition for redevelopment or renovation.
Where is this commercial land located?
The property is located at 5811 Horizon Rockwall, TX.
What is the asking price?
The asking price for this property is $1,206,490.
What are key features of this property?
This property features: 2.3081‑acre commercial land tract; Existing 2,115 SF structure included; Building constructed in 1970
