Updated Live-Work
New
For Sale
$525,000
2021 Sunny Circle, Rockwall, TX 75032
Flexible residential property with ancillary business potential, multiple living areas, and a dual-island kitchen.
Property Size2,764 SF
Lot Size0.80 Acres
Price / SF$189.94
Days on Market2
Property Features for 2021 Sunny Circle
General Information
Standard status
Active
Size
2,764 SF
Total Parking Spaces
2
Lot size
0.80 Acres
Property subtype
Business
Building Details
Building Size
2,764 SF
Year Built
1999
Buildings
1
Listing Agency:
Anita Barham Realty
Listed By:
Janet Bowyer
(214) 244-4372
Source:
Regalrealtors
Added: Sep 20
Last Checked: Sep 20 at 2:40PM
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 Anita Barham Realty
Investment Insights
Based on property information with market context.
This updated live-work property combines a residential layout with space that may support ancillary business activity, subject to recorded deed restrictions and applicable requirements. The 2,764-square-foot property includes 5 bedrooms, 3 baths, two living areas, flexible-use rooms, and a kitchen with two islands. A side-entry 2-car garage and additional parking support household and business needs.
Set on .80 acres at 2021 Sunny Circle in Rockwall, the property is located outside Rockwall city limits and offers access to area amenities and major thoroughfares. The lot may accommodate an additional structure or workshop, subject to restrictions and applicable requirements. Primary use must remain residential, and buyers should independently verify permitted uses, restrictions, and suitability for their intended purpose. The roof was replaced in June 2026.
Set on .80 acres at 2021 Sunny Circle in Rockwall, the property is located outside Rockwall city limits and offers access to area amenities and major thoroughfares. The lot may accommodate an additional structure or workshop, subject to restrictions and applicable requirements. Primary use must remain residential, and buyers should independently verify permitted uses, restrictions, and suitability for their intended purpose. The roof was replaced in June 2026.
Key Highlights
- 2,764 SF property on .80 acres
- 5 bedrooms and 3 baths with two living areas
- Dual‑island kitchen and flexible‑use spaces
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
$46,234
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
8.81%
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%
$924,680
$924.7K
Cap Rate 7%
$660,486
$660.5K
Cap Rate 9%
$513,711
$513.7K
Market Conditions
NOI Build-Up for 2,764 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
$84.9K $30.72/SF
− Vacancy
−$23.3K −$8.42/SF
EGI
$61.6K $22.30/SF
− OpEx
−$15.4K −$5.58/SF
NOI
$46.2K $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 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%
$924,680
Cap Rate 7%
$660,486
Cap Rate 9%
$513,711
Alternative Uses
Best Use
Office B
$660.5K
$577.9K – $770.6K
NOI $46,234 @ 7.0% cap · market cap 8.81%
Second Best
Mixed Use
$408.7K
$357.6K – $476.8K
NOI $28,607 @ 7.0% cap · market cap 5.45%
Theoretical Best
Hotel Hospitality
$2.08M
$1.82M – $2.43M
NOI $145,732 @ 7.0% cap · market cap 27.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
129
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Flexible residential property with ancillary business potential, multiple living areas, and a dual-island kitchen.
Where is this live-work space located?
The property is located at 2021 Sunny Circle Rockwall, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,764 SF property on .80 acres; 5 bedrooms and 3 baths with two living areas; Dual‑island kitchen and flexible‑use spaces
