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    Commercial Development Land Title is generated by Realmo AI

    7500 Merritt Road, Rowlett, TX 75089

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    Claim this Listing
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    For Sale
    $995,000

    LAND - Rowlett, TX

    Lot size:
    1.60 Acres
    Added:
    May 29, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 2 at 10:06 pm

    Property Features for 7500 Merritt Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    APN
    65054457010100100
    Lot size
    1.60 Acres

    Taxes and HOA fees

    Tax Description
    JAMES M HAMILTON ABST 544 PG 570 TR 10.1 ACS
    Tax Annual Amount
    12549

    Utilities

    Sewer type
    Aerobic Septic

    Building Details

    Year built
    1986
    Floors in Building
    1
    Number of units
    1
    Building materials
    Frame, TiltUp
    Roof type
    Composition, Asphalt

    We can help!

    Listing Contact
    Dennis Johnson
    Dennis Johnson

    Listing agent Dennis Johnson License #0467872

    Listing office RE/MAX DFW Associates Coppell, TX

    Listing date May 29, 2026

    MLS# 20870259

    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.

    HighLights

    • Two tracts totaling approximately 1.6 acres with a single‑story ranch house on the property
    • Zoning changed from residential to commercial; current zoning is Commercial Center in the town of Rowlett
    • Property being combined with a 2‑acre hard corner site for an approximately 3.6‑acre development site
    • Development plan contemplates building up to 50,000 SF, with max three stories of commercial structures
    • Ranch house includes Frame and TiltUp construction materials; roof is composition/asphalt
    • Septic system: aerobic septic; property condition listed as under construction; year built noted as 1986

    Overview

    Two tracts totaling approximately 1.6 acres are offered with a single-story ranch house. The home is described as “nice” and may be used as an office, with zoning changed from residential to commercial. The listing also contemplates adding this acreage to a nearby 2-acre hard corner site to assemble a larger development footprint.

    The combined plan would create an approximately 3.6-acre development site at 7500 Merritt Road in Rowlett, Texas. The property is described as zoned Commercial Center in the town of Rowlett, supporting commercial development. The seller expects the site could accommodate up to 50,000 square feet of commercial construction, with a maximum height of three stories.

    This offering may appeal to developers looking for an assembly opportunity in a Commercial Center zoning area, particularly where an existing structure can be utilized as part of an office program during planning and early operations. The zoning change supporting office use could also be relevant for tenants or operators seeking a short-term or transitional workspace while the larger commercial buildout is pursued.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rowlett
    County
    Dallas
    State
    Texas
    Longitude
    -96.550283
    Latitude
    32.925944

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    FAQs

    What type of property is this?
    Commercial land - Two-tract commercial site includes an existing ranch house suited for office use after zoning change.
    Where is this commercial land located?
    The property is located at 7500 Merritt Road Rowlett, TX.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Two tracts totaling approximately 1.6 acres with a single‑story ranch house on the property; Zoning changed from residential to commercial; current zoning is Commercial Center in the town of Rowlett; Property being combined with a 2‑acre hard corner site for an approximately 3.6‑acre development site
    (972) 462-8181
    We can help!
    Listing Contact
    Dennis Johnson
    Dennis Johnson
    Real Estate License ID: 0467872
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    7500 Merritt Road, Rowlett, TX 75089
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