Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Rockwall Home: Turnkey Investment Opportunity Title is generated by Realmo AI

    824 E Heath ST Street, Rockwall, TX 75087

    View on Map
    Claim this Listing
    For Sale
    $485,000

    Multiple Single Units - Rockwall, TX

    Property size:
    1,733 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $279/SF
    Added:
    Apr 21, 2026
    Days on Market:
    31
    Last Refresh:
    May 21 at 11:06 pm

    Property Features for 824 E Heath ST Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Parking
    4
    Parking features
    Garage
    Interior features
    Decorative Lighting, Granite Counters, High Speed Internet Available, Kitchen Island, Pantry, Smart Home System, Vaulted Ceiling(s), Walk-in Closet(s)
    Exterior features
    Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Garbage Disposer, Washer
    Standard status
    Active
    APN
    000000087245
    Size
    1,733 SF
    Lot size
    0.40 Acres

    Utilities

    Heating system
    Central, Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    2023
    Floors in Building
    1
    Flooring type
    Carpet, Tile, Tile - Ceramic
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Jessica Self

    Listing agent Jessica Self License #0792629

    Listing office Texas Homes and Land Real Estate, LLC 201 N Main, Celina, TX

    Listing date Apr 21, 2026

    MLS# 21108850 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

    • Turnkey Short Term Rental (STR) opportunity with proven AirBNB history, valid permit through 2028, and furnishings negotiable.
    • Located in highly sought‑after Rockwall ISD, minutes from historic downtown, top schools, dining, and shopping.
    • Newly completed in 2024 with designer finishes, open floor plan, high ceilings, and luxury vinyl plank flooring.
    • Large .396 acre lot with expansive backyard oasis perfect for outdoor entertaining.
    • Includes blazing‑fast Starlink internet, ideal for remote work and streaming.
    • No HOA.

    Overview

    This property features a 3-bedroom, 2-bath home on a 0.396-acre lot in Rockwall, Texas. Completed in 2024, the 1,733 square-foot home offers an open floor plan, high ceilings, a wood-burning fireplace, and luxury vinyl plank flooring. The bedrooms are furnished with carpeting, walk-in closets, smart TVs, premium beds, luxury linens, and privacy curtains. The master bath includes granite vanities and a doorless shower. The open-concept kitchen features a large granite island, Samsung appliances, and a walk-in pantry. A new Samsung washer and dryer are located in the indoor laundry. The property includes Starlink internet service. There is a 2-car garage, driveway space for up to 2 cars, and street parking. The property has a short-term rental permit valid through 2028 and a proven AirBNB history. Located minutes from historic downtown, schools, dining, and shopping, this home is situated in Rockwall ISD. The expansive backyard is suited for outdoor entertaining. The property has no HOA.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Rockwall
    County
    Rockwall
    State
    Texas
    Longitude
    -96.451196
    Latitude
    32.936138

    Nearby Similar for Sale

    • $895,000
      3,000 SF

      Rockwall Historic Town Square Building

      Prime Rockwall building suitable for retail, office, medical, or restaurant.
      201 E Washington Street, Rockwall, TX 75087
      View Details
    • $625,000

      Rockwall Warehouse on 5 Acres

      Shell complete, ready for customization on nearly 5 acres.
      1500 S Smith Road, Rockwall, TX 75032
      View Details
    • $650,000

      Rockwall Commercial Building on Goliad

      Versatile commercial building on a high-traffic thoroughfare in Rockwall.
      915 N Goliad Street, Rockwall, TX 75087
      View Details
    • $998,000

      Historic Landmark Property in Rockwall

      Iconic 1911 property near Historic Downtown Rockwall Square.
      908 N Goliad Street, Rockwall, TX 75087
      View Details
    • $170,000

      Commercial Property on State Highway

      Commercial property with excellent visibility and flexible open layout.
      1250 State Highway 205, McLendon Chisholm, TX 75032
      View Details
    • $2,799,000

      Rockwall Commercial Property for Sale

      4.67-acre commercial property with existing building in Rockwall, TX.
      505 County Line Road, Rockwall, TX 75032
      View Details
    • $3,850,000

      Historic Church and Modern Office

      Unique commercial property in downtown Rockwall with endless possibilities.
      102 Fannin Street, Rockwall, TX 75087
      View Details
    • $398,000

      Rockwall Commercial Property For Sale

      Commercial property for sale located on Goliad Street.
      808 N Goliad Street, Rockwall, TX 75087
      View Details
    • $1,302,095

      Prime Retail Land Opportunity

      Land for retail, restaurant, or medical development near hospital.
      Ranch Trail, Rockwall, TX
      View Details
    • $650,000
      2,398 SF

      Rockwall Commercial Building on Goliad

      Versatile commercial building on a high-traffic thoroughfare in Rockwall.
      915 N Goliad Street, Rockwall, TX 75087
      View Details
    • Contact for pricing
      12,891 SF

      Rockwall Brewery and Restaurant Opportunity

      Former brewery and restaurant walkable to Downtown Rockwall.
      310 S Goliad St, Rockwall, TX
      View Details
    • Contact for pricing
      1,964 SF

      Restaurant Space on Historic Square

      Restaurant space for sale in Rockwall's historic square.
      112 N San Jacinto St, Rockwall, TX
      View Details

    FAQs

    What type of property is this?
    Single family property - Cozy 3-bedroom home with short-term rental history in Rockwall.
    Where is this single family property located?
    The property is located at 824 E Heath ST Street Rockwall, TX.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: Turnkey Short Term Rental (STR) opportunity with proven AirBNB history, valid permit through 2028, and furnishings negotiable.; Located in highly sought‑after Rockwall ISD, minutes from historic downtown, top schools, dining, and shopping.; Newly completed in 2024 with designer finishes, open floor plan, high ceilings, and luxury vinyl plank flooring.
    (214) 908-5468
    We can help!
    Listing Contact
    Jessica Self
    Real Estate License ID: 0792629
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    824 E Heath ST Street, Rockwall, TX 75087
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!