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    I-30 Dalrock Rd Rowlett, TX 75088

    For Sale
    Contact for pricing

    Prime Rowlett, TX multifamily land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 4.74-acre site presents a remarkable opportunity for multifamily development in the thriving Dallas County market. Located in Rowlett, Texas, at the south corner of the Peninsula, this fully entitled and shovel-ready property boasts unmatched Lake Ray Hubbard waterfront views. Its strategic location at the intersection of I-30 and Dalrock Road provides convenient access to major transportation arteries, further enhanced by ongoing I-30 interchange expansion and improvements. The site is ideally positioned within the central trade area encompassing Rowlett, Garland, and Rockwall. Adjacent to the nearly completed 394-unit, Class A, five-story "The View at Sapphire Bay" multifamily community, this property benefits from established infrastructure and a proven market demand. With no density or unit caps, the site allows for the construction of up to a 5-story building, potentially accommodating approximately 400 units. The development plan requires its own structured parking. The APN is 44011000000000000. This is a truly unique opportunity to capitalize on the robust growth and desirability of this prime waterfront location. The property's zoning allows for both residential and commercial uses. Detailed site plans and construction videos are available upon request. The zip code is 75088.

    Property Features for I-30 Dalrock Rd

    General Information

    Property type
    Land
    Lot Size
    204,732 SF

    HighLights

    • 4.74‑acre multifamily development site at the southwest corner of Peninsula.
    • Stunning Lake Ray Hubbard waterfront views.
    • Prime location in the heart of the Rowlett, Garland, and Rockwall trade area.
    • Excellent access via the I‑30 interchange expansion.
    • Adjacent to the nearly completed 394‑unit The View at Sapphire Bay apartment community.
    • Fully entitled and ready for immediate development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rowlett
    County
    Dallas
    State
    Texas
    Longitude
    -96.5180391
    Latitude
    32.9009398

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    FAQs

    What type of property is this?
    Land - Prime Rowlett, TX multifamily land
    Where is this land located?
    The property is located at I-30 Dalrock Rd Rowlett, TX.
    What are key features of this property?
    This property features: 4.74-acre multifamily development site at the southwest corner of Peninsula.; Stunning Lake Ray Hubbard waterfront views.; Prime location in the heart of the Rowlett, Garland, and Rockwall trade area.
    Request Owner's contact information
    I-30 Dalrock Rd Rowlett, TX 75088
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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

    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.

    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
    I-30 Dalrock Rd Rowlett, TX 75088
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