Office Suite for
For Sale
$409,000
2785 Rockbrook Dr Ste 303, Lewisville, TX 75067
For-sale office suite in Suite 303, suited for professional and administrative users.
Property Size1,147 SF
Days on Market49
Property Features for 2785 Rockbrook Dr Ste 303
General Information
Standard status
Active
Size
1,147 SF
Class
B
Property subtype
Office
Building Details
Building Size
1,147 SF
Year Built
2016
Listing Agency:
Axis Realty Group
(972) 515-0045
Listed By:
Chase Traughber · License #0675426
(972) 515-0045
Source:
Axisrealty
Added: Jun 25
Changed: Aug 10
Last Checked: Aug 12 at 4:17AM
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 Axis Realty Group
Investment Insights
Based on property information with market context.
This for-sale office suite is located as Suite 303 at 2785 Rockbrook Dr in Lewisville, Texas. The offering is positioned as dedicated office space within a commercial building, presented for buyers seeking a straightforward, private work environment for their team.
The suite is specifically identified at the street address listed above, making it suitable for owner-occupants and buyers who want a defined unit rather than shared space. The property is offered as a sale transaction with a stated list price of $409,000.
From a tenant- and user-fit perspective, an office suite is typically used for business operations that require a professional setting, private meetings, and an address for clients and internal administration. Buyers evaluating this opportunity can consider it for offices, back-office functions, or other professional services where a defined suite location is beneficial. Because the available information is limited to the suite identification and property type, prospective buyers should confirm all internal layout, finishes, and building and suite operating details during their due diligence.
The suite is specifically identified at the street address listed above, making it suitable for owner-occupants and buyers who want a defined unit rather than shared space. The property is offered as a sale transaction with a stated list price of $409,000.
From a tenant- and user-fit perspective, an office suite is typically used for business operations that require a professional setting, private meetings, and an address for clients and internal administration. Buyers evaluating this opportunity can consider it for offices, back-office functions, or other professional services where a defined suite location is beneficial. Because the available information is limited to the suite identification and property type, prospective buyers should confirm all internal layout, finishes, and building and suite operating details during their due diligence.
Key Highlights
- Office suite in Suite 303, designed for professional and administrative users
- Year built: 2016
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
$21,234
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
5.19%
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%
$424,680
$424.7K
Cap Rate 7%
$303,343
$303.3K
Cap Rate 9%
$235,933
$235.9K
Market Conditions
NOI Build-Up for 1,147 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
$37.9K $33.00/SF
− Vacancy
−$9.5K −$8.32/SF
EGI
$28.3K $24.68/SF
− OpEx
−$7.1K −$6.17/SF
NOI
$21.2K $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%
$424,680
Cap Rate 7%
$303,343
Cap Rate 9%
$235,933
Alternative Uses
Best Use
Office B
$303.3K
$265.4K – $353.9K
NOI $21,234 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$382.4K
$334.6K – $446.1K
NOI $26,768 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,147
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
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Frequently Asked Questions
What type of property is this?
Office units - For-sale office suite in Suite 303, suited for professional and administrative users.
Where is this office units located?
The property is located at 2785 Rockbrook Dr Ste 303 Lewisville, TX.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: Office suite in Suite 303, designed for professional and administrative users; Year built: 2016
