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    161 Grn Cir Rockwall, TX 75189

    For Sale
    $399,900

    Prime Retail/Office Land, Existing Residence

    Property size:
    960 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 1.1-acre property at 161 Green Circle in Rockwall, Texas, presents a unique investment opportunity. Strategically located on a hard corner at the intersection of SH 276 and Green Circle (FM 551), this site boasts unparalleled visibility and accessibility. The 960 square foot residence currently on the property offers potential rental income, while the land itself holds immense value for future development. The city's future land use designation is Office-Retail, making this an ideal location for a variety of commercial ventures. Proximity to major thoroughfares like I-30, SH 205, and John King Boulevard ensures high traffic volume and convenient access for customers and employees. While currently zoned Agricultural (AG), the property's prime location and future zoning designation make it a compelling investment. Note that the Texas Department of Transportation (TXDOT) is planning to widen SH 276 and has already acquired adjacent land for this expansion project. Potential buyers should review the provided TXDOT survey and flood map within the transaction documents, as a portion of the property lies within a designated floodplain. This property is being sold based on its land value, offering significant upside potential for savvy investors seeking a high-impact commercial development site in a rapidly growing area. The existing residence provides a potential income stream while development plans are underway.

    Property Features for 161 Grn Cir

    General Information

    Property type
    Other commercial real estate
    Square Feet
    960 SF
    Lot Size
    47,916 SF

    Building Details

    Year Built
    1988
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Nail Salon Clothing Store Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockwall
    County
    Rockwall
    State
    Texas
    Longitude
    -96.36882
    Latitude
    32.90123

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Retail/Office Land, Existing Residence
    Where is this commercial real estate located?
    The property is located at 161 Grn Cir Rockwall, TX.
    What is the asking price?
    The asking price for this property is $399,900.
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    161 Grn Cir Rockwall, TX 75189
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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
    161 Grn Cir Rockwall, TX 75189
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