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    Terrell Office Space For Rent Title is generated by Realmo AI

    632 N Rockwall Avenue, Terrell, TX 75160

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    Claim this Listing
    For Lease
    $4,900 /Mo

    Office - Terrell, TX

    Type:Office
    Lot size:
    2.09 Acres
    Added:
    Jul 23, 2024
    Days on Market:
    670
    Last Refresh:
    May 23 at 3:06 pm

    Property Features for 632 N Rockwall Avenue

    General Information

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

    Listing agent Byron Cashion License #0518016

    Listing office Hottinger Real Estate, Inc. 203 N. Rockwall St., Terrell, TX

    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.

    HighLights

    • 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
    • ADA required access via side ramp and loading dock with covered entrances
    • Fire and security systems in place
    • Suitable for various uses: office, church, school/daycare, medical, etc.

    Overview

    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 Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    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

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    FAQs

    What type of property is this?
    Office units - Office space in Terrell Square Shopping Center, near Dollar General.
    Where is this office units located?
    The property is located at 632 N Rockwall Avenue Terrell, TX.
    What is the lease rate?
    The lease rate is $4,900 /Mo.
    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
    We can help!
    Listing Contact
    Byron Cashion
    Byron Cashion
    Real Estate License ID: 0518016
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    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
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    632 N Rockwall Avenue, Terrell, TX 75160
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