Commercial Land with Existing
New
For Sale
$1,400,000
3435 State Highway 276, Rockwall, TX 75032
The property includes an office building, a barn, two sheds, and on-site water and septic.
Property Size3,066 SF
Price / SF$456.62
Days on Market3
Property Features for 3435 State Highway 276
General Information
Standard status
Active
Size
3,066 SF
Property subtype
Commercial
Zoning
No Zoning
Building Details
Building Size
3,066 SF
Year Built
1912
Stories
2
Units
4
Listing Agency:
Keller Williams Rockwall
(972) 772-7000
Listed By:
Cindy Miller · License #0481033
(214) 325-3646
Source:
Cogburnrealestate
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:00PM
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
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Investment Insights
Based on property information with market context.
This 2-acre commercial land property includes an office building with six offices, a conference room, reception area, kitchen, and restrooms. Original hardwood floors and a stained staircase are among the building’s interior features. The site also has a 2,450-square-foot barn with a concrete floor, plus sheds measuring 400 square feet and 360 square feet. Water and septic are in place.
The property is on State Highway 276, near Rockwall Technology Park and Rochelle Road, and approximately 4 miles from I-30. The road carries approximately 24,000 vehicles per day. The property is outside city limits and has no zoning.
The property is on State Highway 276, near Rockwall Technology Park and Rochelle Road, and approximately 4 miles from I-30. The road carries approximately 24,000 vehicles per day. The property is outside city limits and has no zoning.
Key Highlights
- 2‑acre commercial land property outside city limits with no zoning
- Office building has 6 offices, a conference room, reception area, kitchen, and restrooms
- 2,450‑square‑foot barn with concrete floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,285
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,700
$1.0M
Cap Rate 7%
$732,643
$732.6K
Cap Rate 9%
$569,833
$569.8K
Market Conditions
NOI Build-Up for 3,066 SF
Gross rent
$94.2K $30.72/SF
− Vacancy
−$25.8K −$8.42/SF
EGI
$68.4K $22.30/SF
− OpEx
−$17.1K −$5.58/SF
NOI
$51.3K $16.73/SF
Area
Rockwall County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,700
Cap Rate 7%
$732,643
Cap Rate 9%
$569,833
Alternative Uses
Best Use
Office B
$732.6K
$641.1K – $854.8K
NOI $51,285 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.31M
$2.02M – $2.69M
NOI $161,655 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - The property includes an office building, a barn, two sheds, and on-site water and septic.
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‑acre commercial land property outside city limits with no zoning; Office building has 6 offices, a conference room, reception area, kitchen, and restrooms; 2,450‑square‑foot barn with concrete floor
