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    The Largest CRE Database in the US with Over 1 Million Listings

    1010 Ralph Hall Pkwy Rockwall, TX 75032

    Sponsored
    For Lease
    $28 SF/Yr

    Rockwall, TX Executive Office Space Available

    Lot size:
    12,811 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    One Horizon Ridge, located at 1010 W Ralph Hall Pkwy in Rockwall, Texas, 75032, offers exceptional Class A executive office space for lease. This prestigious building boasts a total of 12,811 square feet, currently entirely vacant and available for immediate occupancy. Multiple tenancy options are available, with spaces ranging from a minimum of 2,020 square feet to a maximum contiguous space of 4,894 square feet. The building is situated in Rockwall County and provides ample parking, with a ratio of four parking spaces per 1,000 square feet of office space. This presents a unique opportunity for businesses seeking modern, efficient, and conveniently located executive office space in a highly desirable area. The property's prime location offers easy access to major transportation routes, ensuring seamless commutes for employees and clients. The building's design and amenities cater to the needs of discerning businesses seeking a professional and productive work environment. Interested parties are encouraged to inquire about lease terms and available space configurations. This is a rare opportunity to secure a significant amount of high-quality office space in a thriving Texas market.

    Property Features for 1010 Ralph Hall Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,811 SF
    Class
    A
    Total Rate
    29892.33

    Unit(s) available at that property

    Space
    Suite 100
    Size
    3,023 SF
    Rate per SF
    $28
    Space
    Suite 103
    Size
    4,315 SF
    Rate per SF
    $28

    We can help!

    Listing Contact
    Byron Mccoy
    Byron Mccoy

    Learn more

    Property Insight Report

    HighLights

    • Class A executive office space totaling 12,811 square feet available for lease in Rockwall, TX.
    • Entirely vacant and ready for immediate occupancy, offering multiple suite sizes from 2,020 to 4,894 square feet.
    • Ample parking with a 4:1,000 ratio.
    • Prime location with easy access to major transportation routes.
    • Desirable location near high‑income residential areas and retail amenities.
    • Features include balconies/patios.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carol Dogans - Financial ... Investment Service Cheryl Ann Sutter ... Financial Consultant Justin Fruhwirth - Financial ... Financial Planner Northeast Texas Periodontal ... Periodontist Kathy Howe - Ameriprise ... Financial Planner

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockwall
    County
    Rockwall
    State
    Texas
    Longitude
    -96.4710259
    Latitude
    32.8872949

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    FAQs

    What type of property is this?
    Office Property / Space - Rockwall, TX Executive Office Space Available
    Where is this office property / space located?
    The property is located at 1010 Ralph Hall Pkwy Rockwall, TX.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Class A executive office space totaling 12,811 square feet available for lease in Rockwall, TX.; Entirely vacant and ready for immediate occupancy, offering multiple suite sizes from 2,020 to 4,894 square feet.; Ample parking with a 4:1,000 ratio.
    Request Owner's contact information
    1010 Ralph Hall Pkwy Rockwall, TX 75032
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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.

    More about this property
    1010 Ralph Hall Pkwy Rockwall, TX 75032
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    We can help!
    Listing Contact
    Byron Mccoy
    Byron Mccoy
    Real Estate License ID: 340562
    Learn more
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