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    2663-2853 Market Center Dr Rockwall, TX 75032

    Sponsored
    For Lease
    Contact for pricing

    Prime I-30 Corridor Retail Space

    Lot size:
    211,971 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail investment opportunity presents a 211,971 square-foot shopping center strategically located on 21.42 acres along the highly sought-after I-30 corridor in Rockwall, Texas. The property, situated at 2663-2853 Market Center Dr, Rockwall, TX 75032, boasts a strong tenant roster, including national credit tenants such as Burkes, Michaels, Office Depot, Old Navy, Petco, and Ross Stores. Currently, there is 3,760 square feet of vacant space available within this well-established center, built in 1999. The center's impressive average tenant tenure of 18 years speaks volumes about its desirability and stability. This single-tenant property offers a compelling investment prospect for those seeking a high-performing retail asset in a thriving Texas market. The property's size and location on the I-30 corridor provide excellent visibility and accessibility, ensuring high foot traffic and strong sales potential. With its established tenant base and proven track record, this shopping center represents a rare opportunity to acquire a significant retail asset in a prime location. The 3,760 square feet of vacant space presents an additional opportunity for growth and income generation. This property is classified as a shopping center and commercial property.

    Property Features for 2663-2853 Market Center Dr

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    211,971 SF

    Building Details

    Year Built
    1999

    Unit(s) available at that property

    Space
    Available Space
    Size
    3,760 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockwall
    County
    Rockwall
    State
    Texas
    Longitude
    -96.464247
    Latitude
    32.8975238

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    FAQs

    What type of property is this?
    Lifestyle center - Prime I-30 Corridor Retail Space
    Where is this lifestyle center located?
    The property is located at 2663-2853 Market Center Dr Rockwall, TX.
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    2663-2853 Market Center Dr Rockwall, TX 75032
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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
    2663-2853 Market Center Dr Rockwall, TX 75032
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