2306 Ridge Rd, Rockwall, TX 75087
Turnkey medical office with excellent frontage and high traffic.
- Added:
- Jun 18, 2024
- Days on Market:
- 721
- Last Refresh:
- May 12 at 10:00 pm
Property Features for 2306 Ridge Rd
General Information
- Standard status
- Active
- Size
- 5,379 SF
- Property subtype
- Office
Building Details
- Year Built
- 1987
Listing agent Ryan McCullough, SIOR License #TX 742422
Listing office Partners - Austin
Listing date Jun 18, 2024
Source Crexi
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 Partners - Austin
HighLights
- Turnkey medical office, ready for immediate use.
- Ideal floorplan with plumbed exam rooms and waiting area.
- Excellent frontage and visibility on Ridge Road.
- High traffic location with over 27,000 vehicles daily.
- Located within the Dallas‑Fort Worth MSA.
- Suitable for a variety of medical users.
Overview
Local 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 | $165.2k | $30.72 |
| − Vacancy | −$45.3k | −$8.42 |
| EGI | $120.0k | $22.30 |
| − OpEx | −$30.0k | −$5.58 |
| NOI | $90.0k | $16.73 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Rockwall Veterinary Hospital — 2001 S Goliad St, Rockwall, TX 75087
- Rockwall Veterinary Hospital: Loftis J David DVM — 2001 S Goliad St, Rockwall, TX 75087
Location Insight
- Map
- Local Demand
- City
- Rockwall
- County
- Rockwall
- State
- Texas
- Longitude
- -96.4654815
- Latitude
- 32.9029088
