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    Horizon Rd Rockwall, TX 75032

    For Sale
    $2,787,840

    3.2 Acres, Rockwall, TX Medical District

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 3.2-acre commercial land parcel, located at Horizon Rd in Rockwall, Texas (zip code 75032), presents a compelling investment opportunity within a flourishing medical district. Zoned PD, allowing for development up to ten stories, this property offers significant potential for high-density construction. All utilities are conveniently run to the site, ensuring seamless development. The entire 3.2-acre site is usable, maximizing buildable area and return on investment. Its strategic location along Horizon Rd provides excellent visibility and accessibility. The property benefits from its central location within a densely populated area, guaranteeing a strong potential customer base. Water retention is managed effectively via Rainbow Lake. This location within the thriving Rockwall healthcare district offers not only immediate development opportunities but also promises long-term stability and growth, given the consistent expansion of the medical sector. This is a rare chance to acquire a prime commercial land parcel in a high-demand area, poised for significant future appreciation. The property's characteristics make it ideal for a variety of medical-related developments, ensuring a strong and sustainable return on investment. This is a turnkey opportunity for developers seeking a strategic location in a rapidly growing market.

    Property Features for 0 Horizon Rd

    General Information

    Property type
    Land
    Lot Size
    139,392 SF

    HighLights

    • Rainbow Lake provides water retention.
    • All utilities are on‑site.
    • Excellent central location in a high‑density area.
    • 100% usable site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rockwall
    County
    Rockwall
    State
    Texas
    Longitude
    -96.463652226255
    Latitude
    32.883612588554

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    FAQs

    What type of property is this?
    Land - 3.2 Acres, Rockwall, TX Medical District
    Where is this land located?
    The property is located at Horizon Rd Rockwall, TX.
    What is the asking price?
    The asking price for this property is $2,787,840.
    What are key features of this property?
    This property features: Rainbow Lake provides water retention.; All utilities are on-site.; Excellent central location in a high-density area.
    Request Owner's contact information
    Horizon Rd 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
    Horizon Rd Rockwall, TX 75032
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