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    Medical Dr Rockwall, TX 75032

    For Sale
    $9,730,431

    13 Acres, Rockwall, TX Medical District

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 13.14-acre commercial land parcel presents a remarkable investment opportunity in the heart of Rockwall, Texas's thriving medical district. Strategically located on Medical Drive, near the intersection of Horizon Road and Tubbs Road, this property boasts a prominent position adjacent to Texas Health Resources (THR) Rockwall. Zoned PD-9, the site allows for building heights up to 60 feet, accommodating up to five stories. The zoning offers flexibility for a variety of uses, particularly well-suited for medical facilities or medical office buildings. This high-traffic area ensures excellent visibility and accessibility. All utilities are readily available. The property includes on-site drainage and detention via Rainbow Lake. Furthermore, the site is divisible into multiple parcels, providing options for various development scenarios. The asking price is $9,730,431, and flexible terms are available. This central location, combined with its zoning and infrastructure, makes this a truly exceptional opportunity for significant development and return on investment. The property's size and location make it ideal for a large-scale development project or multiple smaller developments. The inclusion of Rainbow Lake provides a significant advantage in terms of drainage and detention management.

    Property Features for 0 Medical Dr

    General Information

    Property type
    Land
    Lot Size
    572,378 SF

    HighLights

    • $9,730,431 asking price for 13.14 acres of commercial land.
    • Located in Rockwall, TX, in the heart of the medical district, zoned for up to five stories.
    • Prominent location on Horizon Rd and Tubbs Rd, adjacent to Texas Health Resources (THR) Rockwall.
    • Features on‑site drainage and detention in Rainbow Lake; all utilities available.
    • Divisible into multiple sites, offering flexible development options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rockwall
    County
    Rockwall
    State
    Texas
    Longitude
    -96.458807427379
    Latitude
    32.879881384321

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    FAQs

    What type of property is this?
    Land - 13 Acres, Rockwall, TX Medical District
    Where is this land located?
    The property is located at Medical Dr Rockwall, TX.
    What is the asking price?
    The asking price for this property is $9,730,431.
    What are key features of this property?
    This property features: $9,730,431 asking price for 13.14 acres of commercial land.; Located in Rockwall, TX, in the heart of the medical district, zoned for up to five stories.; Prominent location on Horizon Rd and Tubbs Rd, adjacent to Texas Health Resources (THR) Rockwall.
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    Medical Dr Rockwall, TX 75032
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    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
    Medical Dr Rockwall, TX 75032
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