Corner Office Condominium
For Sale
$420,000
2785 Rockbrook Drive #201, Lewisville, TX 75067
Corner office unit with four private offices, reception area, eat-in kitchen, and a utility room with sink.
Property Size1,200 SF
Price / SF$350
Days on Market36
Property Features for 2785 Rockbrook Drive #201
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Zoning
F4- Real Commercial Office Condo
Additional Details
Highway Access
Yes
Office Units
1
Building Details
Building Size
1,200 SF
Year Built
2015
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Texas Ally Real Estate Group
(214) 454-1991
Listed By:
Nick Mirza · License #0708204
(214) 454-1991
Source:
Signaturere
Added: Jul 23
Changed: Aug 23
Last Checked: Aug 26 at 10:10AM
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 Texas Ally Real Estate Group
Investment Insights
Based on property information with market context.
Professionally maintained corner office condominium suite offering a functional layout for professional office use. The space includes four private offices, three with exterior windows, a spacious reception lobby with hardwood floors, an eat-in kitchen, a break room, and one restroom. An additional utility room with a sink supports day-to-day operations.
The suite is located within a fully occupied professional office complex and is currently occupied by an established law office.
Access is convenient to State Highway 121 Sam Rayburn Tollway, with proximity described as minutes from DFW International Airport, supporting easy client and business travel.
The suite is located within a fully occupied professional office complex and is currently occupied by an established law office.
Access is convenient to State Highway 121 Sam Rayburn Tollway, with proximity described as minutes from DFW International Airport, supporting easy client and business travel.
Key Highlights
- 2015‑built corner office condominium with curbs walk and A/C and cooling.
- Interior layout includes four private offices, with three offices featuring exterior windows.
- Reception lobby with hardwood floors, plus an eat‑in kitchen and break room.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,216
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$444,320
$444.3K
Cap Rate 7%
$317,371
$317.4K
Cap Rate 9%
$246,844
$246.8K
Market Conditions
NOI Build-Up for 1,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.6K $33.00/SF
− Vacancy
−$10.0K −$8.32/SF
EGI
$29.6K $24.68/SF
− OpEx
−$7.4K −$6.17/SF
NOI
$22.2K $18.51/SF
Area
Lewisville, TX
Vacancy
25.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$444,320
Cap Rate 7%
$317,371
Cap Rate 9%
$246,844
Alternative Uses
Best Use
Office B
$317.4K
$277.7K – $370.3K
NOI $22,216 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$400.1K
$350.1K – $466.8K
NOI $28,005 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,147
Businesses Nearby
Explore this area
Business Placement
Demographics for 75067, TX
68,734
Population
28,990
Households
2.4
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
13.5 sq mi
ZIP Area
5,091
Density / Sq Mi
$76,630
Median Household Income
$45,448
Median Earnings
$1,506
Median Rent
$321,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Corner office unit with four private offices, reception area, eat-in kitchen, and a utility room with sink.
Where is this office units located?
The property is located at 2785 Rockbrook Drive #201 Lewisville, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 2015‑built corner office condominium with curbs walk and A/C and cooling.; Interior layout includes four private offices, with three offices featuring exterior windows.; Reception lobby with hardwood floors, plus an eat‑in kitchen and break room.
