Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    632 N Rockwall Ave Terrell, TX 75160

    Sponsored
    For Lease
    $4,900 /Mo ($0.65 SF/Yr)

    Office - Terrell, TX

    Type:Office
    Lot size:
    2.09 Acres
    Days on Market:
    548
    Last Refresh:
    Jan 21 at 12:06 am

    Property Features for 632 N Rockwall Ave

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    APN
    40630
    Parking features
    Assigned, Open, Parking Lot
    Lot size
    2.09 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1963
    Flooring type
    Carpet
    Building materials
    Block
    Roof type
    Tar/Gravel
    Architectural style
    Other

    We can help!

    Listing Contact
    Byron Cashion
    Byron Cashion

    Hottinger Real Estate, Inc. (972) 524-5683 [email protected]

    Listing agent Byron Cashion (972) 524-5683 License #0518016

    Listing date Jul 23, 2024

    MLS# 20521108 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Terrell Office Space For Rent

    Located in the Terrell Square Shopping Center at 301 W. Jackson St., this office space offers 4,000 square feet. The interior includes 22 computer and phone-ready office rooms, each equipped with privacy doors, along with 2 bathrooms and a maintenance room. The property is suitable for various uses, including office, church services, school or daycare, and medical purposes. Fire and security systems are in place. Exterior features include a side ramp for ADA-compliant access and a loading dock with covered front and rear entrances. The property is adjacent to Dollar General.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Terrell
    County
    Kaufman
    State
    Texas
    Longitude
    -96.279061
    Latitude
    32.742226

    Nearby Similar for Lease

    • $4,000 /Mo
      69,652 SF

      Flex-Warehouse-Retail Building Available

      Flex-Warehouse-Retail building available this spring in Terrell, TX.
      16013 Fm 429, Terrell, TX 75161
      View Details
    • $1.00 SF/Yr
      5,700 SF

      Retail Building For Lease

      5,700 sq ft building for lease in Terrell, TX.
      200 E Nash St, Terrell, TX 75160
      View Details
    • $3,300 /Mo
      43,560 SF

      Versatile Shop Space Near Terrell

      3,000 sq ft shop with offices, roll-up doors, HVAC.
      6274 N Fm 148, Terrell, TX 75160
      View Details
    • $4,500 /Mo
      96,790 SF

      Versatile Property with Business Potential

      2.2 acre property with commercial and residential opportunities in Terrell.
      15693 State Highway 205, Terrell, TX 75160
      View Details
    • $2,750 /Mo
      935,320 SF

      Terrell, TX Warehouse Space

      4,000 SF warehouse spaces near Interstate 20 in Terrell, TX.
      8723 Fm 2728, Terrell, TX 75161
      View Details
    • $2,600 /Mo
      156,468 SF

      Industrial Building with Shelving, Office

      1440 sqft industrial building with office and inside/outside storage.
      7662 County Road 301, Terrell, TX 75160
      View Details
    • $3,400 /Mo
      27,094 SF

      Highway-Facing Commercial Buildings for Lease

      Two buildings with high visibility and flexible usage options.
      723 E Moore Ave, Terrell, TX 75160
      View Details
    • Contact for pricing
      4,800 SF

      Prime Retail Space Near Outlets

      Ideally situated retail space with high visibility and traffic.
      341 Tanger Dr, Terrell, TX 75160
      View Details
    • $17 SF/Yr

      Retail Suite in High-Growth Area

      1,024 SF retail suite in Terrell, Texas for lease.
      210 S Virginia St, Terrell, TX 75160
      View Details
    • $3,000 /Mo

      Downtown Terrell Retail Space Available

      2,750 SF retail space in Terrell's historic business district.
      114 E Moore Ave, Terrell, TX 75160
      View Details
    • Contact for pricing
      9,000 SF

      Terrell Warehouse with Loading Docks

      9,000 SF warehouse featuring multiple loading docks and secure yard.
      10856 Us-80, Terrell, TX
      View Details
    • $12 SF/Yr
      3,010 SF

      Terrell Executive Office/Warehouse

      New 3,010 sq ft office/warehouse space.
      6524 Michael Talty Ave, Terrell, TX 75160
      View Details

    FAQs

    What type of property is this?
    Office space - Office space in Terrell Square Shopping Center, near Dollar General.
    Where is this office space located?
    The property is located at 632 N Rockwall Ave Terrell, TX.
    What is the lease rate?
    The lease rate is $0.65 SF/Yr.
    What are key features of this property?
    This property features: - 4,000 sq ft office space in Terrell Square Shopping Center; - 22 computer & phone ready office rooms with privacy doors; - Located adjacent to Dollar General, a national credit tenant
    (972) 524-5683
    Request Owner's contact information
    632 N Rockwall Ave Terrell, TX 75160
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    632 N Rockwall Ave
    Terrell, TX 75160
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    632 N Rockwall Ave Terrell, TX 75160
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Byron Cashion
    Byron Cashion
    Real Estate License ID: 0518016
    (972) 524-5683
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.