Corner Office
For Sale
$420,000
2785 Rockbrook Drive, Lewisville, TX 75067
CommercialSale, Lewisville, TX
Property Size1,200 SF
Lot Size2.46 Acres
Price / SF$350
Days on Market47
Property Features for 2785 Rockbrook Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
F4- Real Commercial Office Condo
Parking features
Open, Parking Lot
Subdivision
Vista Ridge Rockbrook Office P
Directions
GPS
Standard status
Active
APN
R657402
Size
1,200 SF
Lot size
2.46 Acres
Taxes and HOA fees
Tax Description
VISTA RIDGE ROCKBROOK OFFICE PARK BLD 2 UNT 2
Tax Annual Amount
6668
Legal Description
VISTA RIDGE ROCKBROOK OFFICE PARK BLD 2 UNT 2
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Attic Fan
Water source
Public
Building Details
Year built
2015
Floors in Building
1
Number of units
1
Flooring type
Concrete, Tile, Carpet, Laminate
Building materials
Brick, Concrete, WoodSiding
Roof type
Composition
Listing Agency:
Texas Ally Real Estate Group
(512) 763-2559
Listed By:
Nick Mirza · License #0708204
(512) 763-2559
Added: Jul 12
Changed: Aug 21
Last Checked: Aug 27 at 9:06PM
MLS# 21326721
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.
Investment Insights
Based on property information with market context.
This 1,200-square-foot office condominium was built in 2015 and is currently occupied by a law office. The corner-unit layout includes four private offices, with exterior windows in three, along with a reception lobby, eat-in kitchen, break room, restroom, and utility room with a sink. Interior finishes include hardwood flooring in the lobby, plus carpet, tile, laminate, and concrete in other areas. Central heating and cooling are provided, with an attic fan also present.
The property is located at 2785 Rockbrook Drive in Lewisville, Texas, within the Coppell-Lewisville business corridor. Access to State Highway 121 and the Sam Rayburn Tollway is nearby, and DFW International Airport is minutes away. The office complex has public water and public sewer service, open parking, and a parking lot.
The property is located at 2785 Rockbrook Drive in Lewisville, Texas, within the Coppell-Lewisville business corridor. Access to State Highway 121 and the Sam Rayburn Tollway is nearby, and DFW International Airport is minutes away. The office complex has public water and public sewer service, open parking, and a parking lot.
Key Highlights
- 1,200‑square‑foot corner office condominium
- Built in 2015 and currently occupied by a law office
- Four private offices; three include exterior windows
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
$22,216
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
5.29%
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%
$444,320
$444.3K
Cap Rate 7%
$317,371
$317.4K
Cap Rate 9%
$246,844
$246.8K
Market Conditions
NOI Build-Up for 1,200 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
$39.6K $33.00/SF
− Vacancy
−$10.0K −$8.32/SF
EGI
$29.6K $24.68/SF
− OpEx
−$7.4K −$6.17/SF
NOI
$22.2K $18.51/SF
Area
Lewisville, TX
Vacancy
25.20%
Lease Rate
$33.00 /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%
$444,320
Cap Rate 7%
$317,371
Cap Rate 9%
$246,844
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
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
821
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Four-office layout includes a reception lobby, kitchen, break room, restroom, and utility room.
Where is this office units located?
The property is located at 2785 Rockbrook Drive 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: 1,200‑square‑foot corner office condominium; Built in 2015 and currently occupied by a law office; Four private offices; three include exterior windows
