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    2306 Ridge Rd Rockwall, TX 75087

    For Sale
    $1,400,000

    Turnkey Medical Office, High Visibility

    Property size:
    5,379 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This vacant, 5,379 square foot Class C medical office building in Rockwall, TX is available for $1,400,000 ($260.27/sq ft). Built in 1987, this single-story building sits on a 0.52-acre lot and features a desirable floor plan including plumbed exam rooms and a spacious waiting area. The property boasts excellent frontage and visibility on Ridge Road, a high-traffic area with over 27,000 vehicles daily. Located in the Dallas-Fort Worth MSA, this turnkey facility offers an exceptional opportunity for medical professionals seeking a prime location with convenient access to a large potential client base. The property became vacant on May 16, 2022 and is ready for immediate occupancy. Ample parking is available. This represents a compelling investment or user opportunity in a thriving Texas market.

    Property Features for 2306 Ridge Rd

    General Information

    Property type
    Medical offices
    Square Feet
    5,379 SF
    Class
    C
    Lot Size
    22,651 SF

    Building Details

    Year Built
    1987
    Buildings
    1
    Stories
    1

    HighLights

    • $1,400,000 asking price for this vacant medical office building.
    • 5,379 square feet on a 0.52‑acre lot.
    • Class C, single‑story building constructed in 1987.
    • Located at 2306 Ridge Rd, Rockwall, TX 75087, offering excellent visibility and high traffic counts.
    • Ideal floor plan with plumbed exam rooms and ample parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    McKenney Clinic Medical Clinic Mc Kenney Carl ... Family Practice Physician Ridge Road Medical ... Medical Clinic Rodriguez Ramiro MD Family Practice Physician Jennifer Schoenfeld General Practitioner

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockwall
    County
    Rockwall
    State
    Texas
    Longitude
    -96.465185222917
    Latitude
    32.902877844812

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    FAQs

    What type of property is this?
    Medical office - Turnkey Medical Office, High Visibility
    Where is this medical office located?
    The property is located at 2306 Ridge Rd Rockwall, TX.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: $1,400,000 asking price for this vacant medical office building.; 5,379 square feet on a 0.52-acre lot.; Class C, single-story building constructed in 1987.
    Request Owner's contact information
    2306 Ridge Rd Rockwall, TX 75087
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    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

    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
    2306 Ridge Rd Rockwall, TX 75087
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