Office/Showroom Property with Upscale
For Sale
$2,400,000
20 Noble Court, Heath, TX 75032
Office/Showroom with upscale finishes, renovated in 2023, near Presbyterian Hospital.
Property Size9,433 SF
Price / SF$254.43
Days on Market324
Property Features for 20 Noble Court
General Information
Standard status
Active
Size
9,433 SF
Class
B
Property subtype
Office
Building Details
Building Size
9,433 SF
Year Built
2009
Listed By:
Nathan Denton, SIOR
(214) 228-0611
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Oct 5
Last Checked: Oct 16 at 6:06AM
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 Nathan Denton, SIOR
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Investment Insights
Based on property information with market context.
This property features approximately 9,433 square feet of office and showroom space with upscale finishes and 10-foot ceilings. Constructed in 2009 and renovated in 2023, it is suitable for single or multi-tenant use. The property is situated on 1.64 acres and includes additional land for further office development. It also features a covered and open patio overlooking a lake. The property is located a short distance from Presbyterian Hospital.
Key Highlights
- Renovated in 2023 with upscale finish out
- Office/Showroom space with ± 9,433 total SF
- Situated on 1.64 acres with additional land for expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,786
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,155,720
$3.2M
Cap Rate 7%
$2,254,086
$2.3M
Cap Rate 9%
$1,753,178
$1.8M
Market Conditions
NOI Build-Up for 9,433 SF
Gross rent
$289.8K $30.72/SF
− Vacancy
−$79.4K −$8.42/SF
EGI
$210.4K $22.30/SF
− OpEx
−$52.6K −$5.58/SF
NOI
$157.8K $16.73/SF
Area
Rockwall County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,155,720
Cap Rate 7%
$2,254,086
Cap Rate 9%
$1,753,178
Alternative Uses
Best Use
Office B
$2.25M
$1.97M – $2.63M
NOI $157,786 @ 7.0% cap · market cap 6.57%
Second Best
Retail
$2.24M
$1.96M – $2.61M
NOI $156,573 @ 7.0% cap · market cap 6.52%
Theoretical Best
Hotel Hospitality
$7.11M
$6.22M – $8.29M
NOI $497,355 @ 7.0% cap · market cap 20.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
231
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office/Showroom with upscale finishes, renovated in 2023, near Presbyterian Hospital.
Where is this office building located?
The property is located at 20 Noble Court Heath, TX.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Renovated in 2023 with upscale finish out; Office/Showroom space with ± 9,433 total SF; Situated on 1.64 acres with additional land for expansion
