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    Sec John King Blvd & FM 1141 Rockwall, TX 75087

    Sponsored
    For Sale
    $4,100,000

    Prime Commercial/Residential Tract, Texas

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 16-acre tract in Rockwall, Texas, presents a unique mixed-use development opportunity. Situated at the signalized southeast corner of John King Boulevard and FM 1141, this nearly square parcel boasts a desirable location within the Rockwall Independent School District. The property is conveniently located near upscale single-family residential additions, with homes priced from $600,000, indicating strong surrounding demand. John King Boulevard, a four-lane thoroughfare slated for future expansion to six lanes, provides excellent visibility and accessibility. The property's zoning is currently Agricultural (AG) with commercial potential, and the city is receptive to neighborhood commercial development along John King Boulevard, with possibilities for a commercial campus or townhomes at the rear. While approximately three acres in the rear are subject to flooding, the majority of the land is gently sloping. City water and sewer services are readily available. An additional acre of excess right-of-way owned by the city offers potential for expansion. The property is bordered by the Ladera Addition to the south and the Terraces Addition to the east. No unusual easements are present. This is a rare opportunity to acquire a significant commercial development site in a rapidly growing area. The asking price is $4,100,000, with a land value of $5.88 per square foot. This offering includes a detailed brochure with maps available for download.

    Property Features for 0 Sec John King Blvd & FM 1141

    General Information

    Property type
    Land
    Lot Size
    696,960 SF

    HighLights

    • $4,100,000 asking price for 16 acres of land.
    • Located at the signalized intersection of John King Blvd. and FM 1141 in Rockwall, TX.
    • AG zoning with potential for commercial development.
    • Land value: $5.88/SF.
    • Suitable for mixed‑use development, including neighborhood commercial and townhomes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rockwall
    County
    Rockwall
    State
    Texas
    Longitude
    -96.442255145103
    Latitude
    32.943026618315

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    FAQs

    What type of property is this?
    Land - Prime Commercial/Residential Tract, Texas
    Where is this land located?
    The property is located at Sec John King Blvd & FM 1141 Rockwall, TX.
    What is the asking price?
    The asking price for this property is $4,100,000.
    What are key features of this property?
    This property features: $4,100,000 asking price for 16 acres of land.; Located at the signalized intersection of John King Blvd. and FM 1141 in Rockwall, TX.; AG zoning with potential for commercial development.
    (817) 288-5556
    Request Owner's contact information
    Sec John King Blvd & FM 1141 Rockwall, TX 75087
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    Realmo Value Estimation

    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

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    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.

    Alternative use

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

    More about this property
    Sec John King Blvd & FM 1141 Rockwall, TX 75087
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