Corner Office Condominium
For Sale
$419,999
201-2785 Rockbrook Dr, Lewisville, TX 75067
Professionally maintained corner suite with four private offices, reception area, and an eat-in kitchen in a fully occupied complex.
Property Size1,200 SF
Price / SF$349
Days on Market112
Property Features for 201-2785 Rockbrook Dr
General Information
Standard status
Active
Size
1,200 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,668
Listing Agency:
Texas Ally Real Estate Group
Listed By:
Nick Mirza · License #0708204
(512) 763-2559
Source:
Exprealty
Added: Jul 10
Changed: Oct 25
Last Checked: Oct 28 at 8:49AM
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
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Investment Insights
Based on property information with market context.
This professionally maintained corner office condominium suite is currently occupied by an established law office. The interior includes four private offices, three of which have exterior windows, plus a spacious reception lobby with hardwood floors. Additional improvements include an eat-in kitchen, a break room, one restroom, and a utility room with a sink.
The suite is located in a professional office complex along the Coppell–Lewisville business corridor, with quick access to State Highway 121 Sam Rayburn Tollway. The property is also described as being just minutes from DFW International Airport.
As a condominium within a fully occupied professional office complex, the space offers a turnkey office configuration with an existing tenant in place.
The suite is located in a professional office complex along the Coppell–Lewisville business corridor, with quick access to State Highway 121 Sam Rayburn Tollway. The property is also described as being just minutes from DFW International Airport.
As a condominium within a fully occupied professional office complex, the space offers a turnkey office configuration with an existing tenant in place.
Key Highlights
- Corner office condominium currently occupied by an established law office, providing stable rental income in a fully occupied professional office complex
- Suite layout includes four private offices, with three offices featuring exterior windows
- Spacious reception lobby with hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,216
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,018
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
Frequently Asked Questions
What type of property is this?
Office unit - Professionally maintained corner suite with four private offices, reception area, and an eat-in kitchen in a fully occupied complex.
Where is this office unit located?
The property is located at 201-2785 Rockbrook Dr Lewisville, TX.
What is the asking price?
The asking price for this property is $419,999.
What are key features of this property?
This property features: Corner office condominium currently occupied by an established law office, providing stable rental income in a fully occupied professional office complex; Suite layout includes four private offices, with three offices featuring exterior windows; Spacious reception lobby with hardwood floors
