Two-Building Industrial
New
For Sale
$2,250,000
3285 Springer Ln, Rockwall, TX 75032
Vacant masonry improvements support warehouse, assembly, fabrication, and light manufacturing uses.
Property Size10,000 SF
Lot Size1.09 Acres
Price / SF$225
Days on Market3
Property Features for 3285 Springer Ln
General Information
Standard status
Active
Size
10,000 SF
Lot size
1.09 Acres
Property subtype
Warehouse
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
3
Additional Details
Highway Access
Yes
Amenities
Vacant Two-Building +/-10,000-Square-Foot Industrial Asset Situated on 1.09 Acres
Masonry Construction Featuring 14'-18' Clear Height, Three Grade-Level Doors, and Updated Office Space
Two Buildings Create Versatility for Single-Tenant or Multi-Tenant Uses
Recent Amendment to Permitted Land Use Allows for Warehouse, Light Assembly and Fabrication, and Light Manufacturing Uses
Rockwall County Has Experienced a 30.5% Increase in Population Between 2020 and 2025 (U.S. Census)
Ideal Location with Easy Access to Interstate 30
Building Details
Building Size
10,000 SF
Year Built
2016
Buildings
2
Construction
masonry
Listing Agency:
Marcus & Millichap - Dallas
(972) 755-5230
Listed By:
Davis Cagle · License #License(s): TX: 722097
(972) 755-5230
Source:
Marcusmillichap
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 21 at 4:06AM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
This vacant industrial property includes two masonry buildings totaling approximately 10,000 square feet on 1.09 acres. Built in 2016, the improvements provide 14'-18' clear height and three grade-level doors, with a configuration that can accommodate either a single occupant or multiple users. The property offers a practical base for warehouse operations, light assembly and fabrication, or light manufacturing under the permitted land-use amendment.
Located at 3285 Springer Ln in Rockwall, Texas, the property provides access to Interstate 30 and is positioned within the Dallas-Fort Worth metropolitan area. Its vacant condition allows an owner-user or leasing strategy to be evaluated without an existing occupancy structure. The two-building layout, door access, and industrial clear height provide the primary physical characteristics for evaluating operational requirements and space planning.
Located at 3285 Springer Ln in Rockwall, Texas, the property provides access to Interstate 30 and is positioned within the Dallas-Fort Worth metropolitan area. Its vacant condition allows an owner-user or leasing strategy to be evaluated without an existing occupancy structure. The two-building layout, door access, and industrial clear height provide the primary physical characteristics for evaluating operational requirements and space planning.
Key Highlights
- Approximately 10,000 square feet of industrial space on 1.09 acres
- Two‑building vacant property with masonry construction
- 14'-18' clear height
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
$63,256
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
2.81%
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%
$1,265,120
$1.3M
Cap Rate 7%
$903,657
$903.7K
Cap Rate 9%
$702,844
$702.8K
Market Conditions
NOI Build-Up for 10,000 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
$81.6K $8.16/SF
− Vacancy
−$7.2K −$0.72/SF
EGI
$74.4K $7.44/SF
− OpEx
−$11.2K −$1.12/SF
NOI
$63.3K $6.33/SF
Area
Rockwall County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
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%
$1,265,120
Cap Rate 7%
$903,657
Cap Rate 9%
$702,844
Alternative Uses
Best Use
Warehouse
$903.7K
$790.7K – $1.05M
NOI $63,256 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$7.53M
$6.59M – $8.79M
NOI $527,250 @ 7.0% cap · market cap 23.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
3
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- H & V Storage — 1820 I-30 Frontage Rd, Rockwall, TX 75087
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- Rockwall Mini Storage — 1760 I-30 Frontage Rd, Rockwall, TX 75087
- Storage Locker — 2301 TX-276, Rockwall, TX 75032
Frequently Asked Questions
What type of property is this?
Warehouse - Vacant masonry improvements support warehouse, assembly, fabrication, and light manufacturing uses.
Where is this warehouse located?
The property is located at 3285 Springer Ln Rockwall, TX.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Approximately 10,000 square feet of industrial space on 1.09 acres; Two‑building vacant property with masonry construction; 14'-18' clear height
