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    Retail-Style Office Suite with Signage Title is generated by Realmo AI

    2302 Greencrest #2344, Rockwall, TX 75087

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    For Lease
    $3,900/Mo $24 SF/Yr (calc)

    Freestanding-feel office layout with multiple rooms and ADA restrooms in a high-visibility shopping center.

    Property size:
    1,875 SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:29 am

    Property Features for 2302 Greencrest #2344

    General Information

    Standard status
    Active
    Size
    1,875 SF

    Building Details

    Year Built
    1996

    We can help!

    Listing Contact
    Cindy Witt

    Listing agent Cindy Witt License #0425878

    Listing office Epps Realty, LLC

    Listing date Jun 3, 2026

    Source Signaturere

    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 Epps Realty, LLC

    HighLights

    • 1996‑built retail office suite in a high‑visibility shopping center in Rockwall
    • Adjacent to Walmart with cross‑access through the parking lot for customer traffic flow
    • Suite includes reception, break room, large interior counter work area, 6 offices, and a storage room
    • 2 ADA restrooms in the suite
    • Pylon signage with new panels and painting in progress for brand visibility
    • Tenant is responsible for NNN in addition to rent

    Overview

    This retail-office suite is designed for a professional tenant who needs both reception presence and multiple working offices. The space includes a reception area, a break room at the back of the suite, an interior large counter work area, six offices, and a storage room. There are two ADA restrooms located within the suite, supporting accessibility for staff and clients. Pylon signage is available for brand visibility, with new panels and painting being completed as part of the improvements. Some work will be required prior to occupancy, and build-out options are negotiable based on tenant needs and criteria.

    The center offers strong exposure with freeway visibility and high traffic presence. It is positioned adjacent to Walmart, and cross-access is available through the parking lot. The suite is the only available space in the center, located near established tenants including DaVita and MetroPCS. Additional on-site businesses include Monarch Dental, Domino's Pizza, and a Wells Fargo drive-thru ATM.

    Suitable uses include insurance agencies, accounting or tax services, real estate offices, investment firms, law firms, title companies, or other professional office users that benefit from customer-facing visibility and an office-heavy configuration. Tenant is responsible for NNN charges in addition to rent.
    Location Intelligence

    Current Use by Public Records

    Wells Fargo ATM Atm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rockwall
    County
    Rockwall
    State
    Texas
    Longitude
    -96.4602752
    Latitude
    32.9018947

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    FAQs

    What type of property is this?
    Office units - Freestanding-feel office layout with multiple rooms and ADA restrooms in a high-visibility shopping center.
    Where is this office units located?
    The property is located at 2302 Greencrest #2344 Rockwall, TX.
    What is the lease rate?
    The lease rate is $3,900 /Mo.
    What are key features of this property?
    This property features: 1996‑built retail office suite in a high‑visibility shopping center in Rockwall; Adjacent to Walmart with cross‑access through the parking lot for customer traffic flow; Suite includes reception, break room, large interior counter work area, 6 offices, and a storage room
    (972) 289-7788
    We can help!
    Listing Contact
    Cindy Witt
    Real Estate License ID: 0425878
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    2302 Greencrest #2344, Rockwall, TX 75087
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