Multifamily
1805 SIGNAL RIDGE PL, Rockwall, TX 75032
For Sale
New
Contact for pricing
Residential asset classified within the multifamily property category.
Property Size1,405 SF
Price / SF$234.88
Days on Market5
Property Features for 1805 SIGNAL RIDGE PL
General Information
Standard status
Size
Property subtype
Listing Agency:
Raglin Real Estate
Listed By:
David Raglin · License TX #0569333
(469) 474-8084
Source:
Crexi
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 4:43PM
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 Raglin Real Estate
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Investment Insights
Based on property information with market context.
This residential property is classified as multifamily and contains 1,405 square feet. It is located in Rockwall, Texas.
Key Highlights
- 1,405 square feet of residential space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,223
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,460
$204.5K
Cap Rate 7%
$146,043
$146.0K
Cap Rate 9%
$113,589
$113.6K
Market Conditions
NOI Build-Up for 1,405 SF
Gross rent
$21.1K $15.00/SF
− Vacancy
−$2.5K −$1.77/SF
EGI
$18.6K $13.23/SF
− OpEx
−$8.4K −$5.95/SF
NOI
$10.2K $7.28/SF
Area
Rockwall County, TX
Vacancy
11.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,460
Cap Rate 7%
$146,043
Cap Rate 9%
$113,589
Alternative Uses
Best Use
Apartment 5plus
$146.0K
$127.8K – $170.4K
NOI $10,223 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$494.2K
$432.5K – $576.6K
NOI $34,597 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Residential asset classified within the multifamily property category.
Where is this multifamily property located?
The property is located at 1805 SIGNAL RIDGE PL Rockwall, TX.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 1,405 square feet of residential space
