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    Subdividable Commercial Land Tract Title is generated by Realmo AI

    1 John King Boulevard, Rockwall, TX 75032

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    Claim this Listing
    For Sale
    $7,566,372

    SINGLE_FAMILY - Rockwall, TX

    Type:Office
    Property size:
    756,637 SF
    Lot size:
    17.37 Acres
    Price / SF:
    $10/SF
    Added:
    Sep 17, 2025
    Days on Market:
    262
    Last Refresh:
    Jun 5 at 1:06 am

    Property Features for 1 John King Boulevard

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    000000085358
    Size
    756,637 SF
    Lot size
    17.37 Acres

    Taxes and HOA fees

    Tax Description
    ABS A0187, J STRICKLAND, TRACT 7-05, 19.4940
    Tax Annual Amount
    28

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2020
    Floors in Building
    1
    Number of units
    1

    We can help!

    Listing Contact
    L.J. Erickson

    Listing agent L.J. Erickson License #0463169

    Listing office Duggan Realty Advisors L.L.C. Plano, TX

    Listing date Sep 17, 2025

    MLS# 14315031

    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

    • 17.37‑acre site for sale in its entirety or for subdivision into smaller pad sites
    • Zoning PD‑74 allows for a variety of retail and commercial uses
    • Utilities available to the site, including a 16" water line along John King Blvd and FM 552
    • 8" sewer connection on John King Blvd installed with Phase 10 Storm, with connection to the storm system on John King Blvd
    • No floodplain reported; topography slopes toward the intersection of John King and FM 552
    • Adjacent to Breezy Hill master planned community with 730 lots; proposed improvements for FM 552 and the FM 552/John King Blvd intersection

    Overview

    This property is a 17.37-acre commercial land tract offered for sale in its entirety or in smaller subdivided pad sites. Zoning PD-74 supports a variety of retail and commercial uses. Utilities are available to the site, and multiple architectural concept plans are available upon request. The site has no floodplain, and topography slopes toward the intersection of John King Boulevard and FM 552, factors that may influence site planning and grading.

    The tract is positioned adjacent to the Breezy Hill master planned community, which is described as having 730 lots. The seller notes proposed improvements for FM 552 and for the intersection of FM 552 and John King Boulevard. Off-site infrastructure is also identified, including a 16" water line along John King Boulevard and FM 552, and an 8" sewer connection on John King Boulevard that was installed with Phase 10 Storm. Connection to the storm system on John King Boulevard is planned, and detention is likely required.

    For buyers and developers, the ability to subdivide into smaller pad sites combined with flexible PD-74 zoning makes this a practical option for prospective retail and commercial projects. The existing utility tie-ins and nearby storm system connection can help streamline feasibility, while the anticipated need for detention and the site’s slope should be reviewed early in the design process.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Auto Repair Shop Gym & Fitness Center Auto Parts Store Department Store Skin Care Clinic Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockwall
    County
    Rockwall
    State
    Texas
    Longitude
    -96.450973
    Latitude
    32.9664

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    FAQs

    What type of property is this?
    Commercial land - 17+ acre tract offers PD-74 zoning with utilities available, suitable for retail and commercial development opportunities.
    Where is this commercial land located?
    The property is located at 1 John King Boulevard Rockwall, TX.
    What is the asking price?
    The asking price for this property is $7,566,372.
    What are key features of this property?
    This property features: 17.37‑acre site for sale in its entirety or for subdivision into smaller pad sites; Zoning PD‑74 allows for a variety of retail and commercial uses; Utilities available to the site, including a 16" water line along John King Blvd and FM 552
    (972) 980-9686
    We can help!
    Listing Contact
    L.J. Erickson
    Real Estate License ID: 0463169
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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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