Corner Office Condominium
For Sale
$420,000
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$350
Days on Market21
Property Features for 201-2785 Rockbrook Dr
General Information
Standard status
Active
Size
1,200 SF
Additional Details
Highway Access
Yes
Listing Agency:
Texas Ally Real Estate Group
(512) 763-2559
Listed By:
Nick Mirza · License #0708204
(512) 763-2559
Source:
Exprealty
Added: Jul 10
Changed: Jul 27
Last Checked: Jul 29 at 7:57PM
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.
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.6k | $33.00 |
| − Vacancy | −$10.0k | −$8.32 |
| EGI | $29.6k | $24.68 |
| − OpEx | −$7.4k | −$6.17 |
| NOI | $22.2k | $18.51 |
1,200 SF · lease $33.00/SF/yr · vacancy 25.20% · expense 25.00%
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professionally maintained corner suite with four private offices, reception area, and an eat-in kitchen in a fully occupied complex.
Where is this office units located?
The property is located at 201-2785 Rockbrook Dr 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: 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
