Flex Space with
New
For Sale
$140,000
1250 State Highway 205, Rockwall, TX 75032
An open work area is complemented by an office, storage room, and loft.
Property Size1,695 SF
Price / SF$82.60
Days on Market3
Property Features for 1250 State Highway 205
General Information
Standard status
Active
Size
1,695 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Drive-In Doors
1
Building Details
Building Size
1,695 SF
Year Built
1974
Stories
1
Units
1
Listing Agency:
Keller Williams Rockwall
(972) 772-7000
Listed By:
Brian Weast · License #0543922
(972) 880-0369
Source:
Cogburnrealestate
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 5:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Rockwall
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Investment Insights
Based on property information with market context.
This 1,695-square-foot flex property has an open work area, office, separate storage room, and loft. Heating and a 19-foot peak ceiling height support a range of work and storage needs. A single 10-by-26-foot garage door serves the building, which was constructed in 1974 and is zoned Commercial.
The property is on State Highway 205 in McLendon Chisholm, Texas, with access from the highway. Its layout can accommodate automotive, contractor, storage, or small-business uses.
The property is on State Highway 205 in McLendon Chisholm, Texas, with access from the highway. Its layout can accommodate automotive, contractor, storage, or small-business uses.
Key Highlights
- 1,695 square feet of flex space
- Single 10x26 garage door
- 19‑foot peak ceiling height and heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,830
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,600
$176.6K
Cap Rate 7%
$126,143
$126.1K
Cap Rate 9%
$98,111
$98.1K
Market Conditions
NOI Build-Up for 1,695 SF
Gross rent
$13.8K $8.16/SF
− Vacancy
−$1.2K −$0.72/SF
EGI
$12.6K $7.44/SF
− OpEx
−$3.8K −$2.23/SF
NOI
$8.8K $5.21/SF
Area
Rockwall County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,600
Cap Rate 7%
$126,143
Cap Rate 9%
$98,111
Alternative Uses
Best Use
Flex RnD
$277.1K
$242.5K – $323.3K
NOI $19,398 @ 7.0% cap · market cap 13.86%
Second Best
Industrial
$126.1K
$110.4K – $147.2K
NOI $8,830 @ 7.0% cap · market cap 6.31%
Theoretical Best
Hotel Hospitality
$1.28M
$1.12M – $1.49M
NOI $89,369 @ 7.0% cap · market cap 63.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
809
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75032, TX
34,590
Population
13,453
Households
2.6
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
48.1 sq mi
ZIP Area
719
Density / Sq Mi
$128,465
Median Household Income
$60,480
Median Earnings
$1,918
Median Rent
$462,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Firehouse Subs Rockwall Plaza — 1067 E Interstate 30 #107, Rockwall, TX 75087
Frequently Asked Questions
What type of property is this?
Flex space - An open work area is complemented by an office, storage room, and loft.
Where is this flex space located?
The property is located at 1250 State Highway 205 Rockwall, TX.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: 1,695 square feet of flex space; Single 10x26 garage door; 19‑foot peak ceiling height and heat
