2 Acre Commercial Land
3435 State Highway 276 Rockwall, TX 75032
For Sale
$1,400,000
2 acres of commercial land with endless possibilities.
Property Size2,450 SF
Lot Size2.00 Acres
Price / SF$571.43
Days on Market97
Property Features for 3435 State Highway 276
General Information
- Standard status
- Active
- Size
- 2,450 SF
- Lot size
- 2.00 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1912
Listing Agency:
Keller Williams Rockwall
(972) 772-7000
Listed By:
Cindy Miller · License #0481033
(214) 325-3646
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 26 at 4:35PM
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 Keller Williams Rockwall
Investment Insights
Based on property information with market context.
This property features 2 acres of land with no zoning restrictions outside city limits, offering endless possibilities for development. The location is near the Rockwall Technology Park and Rochelle Road on Highway 276, approximately 4 miles from I-30. The site benefits from high traffic, with approximately 24,000 vehicles per day. Existing improvements include 4 offices, a conference room, a reception area, a kitchen, and restrooms. The building features original hardwood floors and a stained staircase. Additionally, there is a 2,450 square foot barn with a concrete floor. Water and septic systems are in place, making this property suitable for various uses such as an office complex, car wash, or storage facility.
Key Highlights
- 2 Acres with No Zoning Outside City Limits offering endless possibilities.
- High‑Traffic Location on Hwy 276 with approximately 24,000 vehicles per day.
- Proximity to Rockwall Technology Park and Rochelle Road; approximately 4 miles to I‑30.
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 | $75.3k | $30.72 |
| − Vacancy | −$20.6k | −$8.42 |
| EGI | $54.6k | $22.30 |
| − OpEx | −$13.7k | −$5.58 |
| NOI | $41.0k | $16.73 |
2,450 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$585.4K
$512.3K – $683.0K
NOI $40,981 @ 7.0% cap · market cap 2.93%
Second Best
Retail
$580.9K
$508.3K – $677.8K
NOI $40,666 @ 7.0% cap · market cap 2.90%
Theoretical Best
Hotel Hospitality
$1.85M
$1.61M – $2.15M
NOI $129,176 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - 2 acres of commercial land with endless possibilities.
Where is this commercial land located?
The property is located at 3435 State Highway 276 Rockwall, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 2 Acres with No Zoning Outside City Limits offering endless possibilities.; High‑Traffic Location on Hwy 276 with approximately 24,000 vehicles per day.; Proximity to Rockwall Technology Park and Rochelle Road; approximately 4 miles to I‑30.
