New
For Sale
$525,000
2021 Sunny Circle, Rockwall, TX 75032
CommercialSale, Rockwall, TX
Property Size2,764 SF
Lot Size0.80 Acres
Price / SF$189.94
Days on Market3
Property Features for 2021 Sunny Circle
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Outside Rockwall city limits. Property subject to recorded deed restrictions requiring primary residential use; ancillary business activity may be permitted. Buyer to verify permitted use and applicable requirements.
Parking features
Garage, Driveway, Open
Subdivision
Sun Acres
Lot features
Acreage, Back Yard, Lawn, Landscaped, Few Trees
Directions
See GPS.
Standard status
Active
APN
23289
Size
2,764 SF
Lot size
0.80 Acres
Utilities
Sewer type
Aerobic Septic
Heating system
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s), Electric
Building Details
Year built
1999
Floors in Building
1
Number of units
1
Flooring type
Carpet, Laminate, Tile
Building materials
Brick
Roof type
Composition
Listing Agency:
Anita Barham Realty
Listed By:
Janet Bowyer
(214) 244-4372
Added: Sep 19
Changed: Sep 21
Last Checked: Sep 21 at 3:06AM
MLS# 21374072
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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
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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
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
