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    Tbd Summer Lee Dr Rockwall, TX 75032

    For Sale
    $875,000

    Prime .86-acre lot, high-traffic location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional .86-acre commercial land parcel presents a unique investment opportunity in the thriving Rockwall Harbor District. Situated in the PD-32 zoning district, this property boasts unparalleled access to over 2700 new luxury residences, a destination lakefront hotel, and the vibrant Rockwall Harbor District itself. Its prime location offers immediate proximity to I-30, ensuring high visibility and accessibility for businesses. The area is a bustling hub of dining and entertainment, serving five surrounding counties. The demographics are exceptionally strong, featuring affluent suburban and ex-urban residents with a net worth four times the national average. Rockwall County consistently ranks among the wealthiest in Texas and is a top DFW suburb, recently recognized as a top place to live nationally. This site is ideally suited for a variety of uses, including retail, restaurant, office, medical, hospitality, or mixed-use developments. Convenient access to city streets, sidewalks, and utilities is readily available, along with a public parking lot across the street and nearby shared garage parking options. The ongoing I-30 expansion further solidifies Rockwall's position as a regional destination, enhancing the long-term value of this exceptional property. This is a rare chance to capitalize on the explosive growth and affluent population of Rockwall, Texas.

    Property Features for Tbd Summer Lee Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    37,462 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rockwall
    County
    Rockwall
    State
    Texas
    Longitude
    -96.46472
    Latitude
    32.88279

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    FAQs

    What type of property is this?
    Commercial real estate - Prime .86-acre lot, high-traffic location.
    Where is this commercial real estate located?
    The property is located at Tbd Summer Lee Dr Rockwall, TX.
    What is the asking price?
    The asking price for this property is $875,000.
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    Tbd Summer Lee Dr Rockwall, TX 75032
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    Realmo Value Estimation

    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.

    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.

    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
    Tbd Summer Lee Dr Rockwall, TX 75032
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