Land Tract with Existing
5811 Horizon Rockwall, TX 75032
5811 Horizon, Rockwall, TX, 75032
$1,206,490
For Sale
$1,206,490
LAND - Rockwall, TX
Property Size2,115 SF
Lot Size2.31 Acres
Price / SF$570.44
Days on Market124
Property Features for 5811 Horizon
General Information
- Property type
- Land
- Property subtype
- Other
- 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
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Ceiling Fan(s), Central Air
Building Details
- Year built
- 1970
Listing Agency
Caprice Michelle, LLC
(214) 789-7364
Rockwall, TX
Listed by
Caprice Michelle · License #0602530
(214) 789-7364
Added: Mar 16 Checked: Jul 17 at 1:06 pm
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 offering is a 2.308-acre tract being sold AS IS for land value, with an existing 2,115 SF structure on site. The property is positioned as a flexible redevelopment site, giving buyers the option to remodel the existing improvements or to demolish them and start fresh for their intended use.
The site is located near Presbyterian Hospital and Pullen & Cain School, and it sits across from the Buffalo Creek Subdivision and Golf Course. The area also supports quick access to Hwy 30 & 205, which can be helpful for businesses seeking convenient drive-to visibility.
With its development-ready configuration, this parcel is well suited for a range of commercial concepts, including medical and dental practices, retail strip uses, or restaurant development. Buyers who are looking for a smaller, adaptable site with the ability to tailor improvements to their specific operating plan may find this tract especially practical. The seller also notes the possibility of purchasing an additional adjacent tract for a combined acreage, providing an option for expanding site footprint if desired.
The site is located near Presbyterian Hospital and Pullen & Cain School, and it sits across from the Buffalo Creek Subdivision and Golf Course. The area also supports quick access to Hwy 30 & 205, which can be helpful for businesses seeking convenient drive-to visibility.
With its development-ready configuration, this parcel is well suited for a range of commercial concepts, including medical and dental practices, retail strip uses, or restaurant development. Buyers who are looking for a smaller, adaptable site with the ability to tailor improvements to their specific operating plan may find this tract especially practical. The seller also notes the possibility of purchasing an additional adjacent tract for a combined acreage, providing an option for expanding site footprint if desired.
Key Highlights
- 2.308‑acre Horizon tract sold AS IS for land value
- Includes an existing 2,115 SF structure built in 1970 (remodel or demolish)
- Buy both tracts available: 2.308 acres at 5811 Horizon plus 2.491 acres at 000 Ranch Trail for 4.80 total acres
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.0k | $30.72 |
| − Vacancy | −$17.8k | −$8.42 |
| EGI | $47.2k | $22.30 |
| − OpEx | −$11.8k | −$5.58 |
| NOI | $35.4k | $16.73 |
2,115 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$505.4K
$442.2K – $589.6K
NOI $35,378 @ 7.0% cap · market cap 2.93%
Second Best
Retail
$501.5K
$438.8K – $585.1K
NOI $35,106 @ 7.0% cap · market cap 2.91%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jaynell Plumbing
Plumbing Service
Alan Bauer Electric ...
Electrical Service
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - As-is land value opportunity with an existing 2,115 SF structure for medical, retail, or restaurant development.
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: 2.308‑acre Horizon tract sold AS IS for land value; Includes an existing 2,115 SF structure built in 1970 (remodel or demolish); Buy both tracts available: 2.308 acres at 5811 Horizon plus 2.491 acres at 000 Ranch Trail for 4.80 total acres
