Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    0 Memorial Pkwy Rockwall, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Land available for lease in rapidly growing Rockwall, Texas.

    Type:LAND
    Lot size:
    0.85 Acres
    Added:
    Feb 10, 2025
    Days on Market:
    438
    Last Refresh:
    Apr 5 at 11:10 pm

    Property Features for 0 Memorial Pkwy

    General Information

    Standard status
    Active
    Lot size
    0.85 Acres
    Property subtype
    LAND

    Spaces For Lease

    at 0 Memorial Pkwy Contact us

    We can help!

    Listing Contact
    Tim McNutt

    Listing agent Tim McNutt

    Listing office dba Commercial Real Estate

    Listing date Feb 10, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of dba Commercial Real Estate

    Overview

    Rockwall Land for Lease

    Located in a rapidly growing city in Texas, which has experienced a 260% population increase since 2010, this property offers pad sites and retail space for lease. It is adjacent to Fate Village, anchored by Fresh by Brookshire’s. Area retailers include Fresh by Brookshire’s, Starbucks, Taco Bell, McDonalds, Salad n Go, Pet Supplies Plus, and Jersey Mikes.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Rockwall
    County
    Rockwall
    State
    Texas
    Longitude
    -96.4597
    Latitude
    32.9312

    Nearby Similar for Lease

    • $7,500/Mo

      Rockwall Office/Warehouse/Showroom Space For Lease

      Multiple commercial units available for lease in Rockwall, TX.
      315 Ranch Trail, Rockwall, TX 75032
      View Details
    • Contact for pricing

      Rockwall Pad Site For Lease

      0.85 acre pad site near shopping center.
      1019 RIDGE ROAD, Rockwall, TX 75087
      View Details
    • Contact for pricing

      Rockwall Office Space For Lease

      Office space available within Fit Sport Life building in Rockwall.
      3101 Fit Sport Life Blvd, Rockwall, TX
      View Details
    • Contact for pricing

      Rockwall Office Building For Rent

      20,895 SF office building in Rockwall, Texas available for lease.
      810 E Ralph Hall Pkwy, Rockwall, TX
      View Details
    • Contact for pricing

      Retail Space on Goliad Street

      Retail space with pylon signage and ample parking.
      1405-1409 S Goliad St, Rockwall, TX
      View Details
    • Contact for pricing

      Retail Space with Lake Views

      Second floor retail space in Rockwall with lake views.
      2071-2101 Summer Lee Dr, Rockwall, TX
      View Details
    • Contact for pricing

      Downtown Rockwall Office Space

      Office space for rent in Rockwall's vibrant Downtown District.
      105 W Washington St, Rockwall, TX
      View Details
    • Contact for pricing

      Retail Space Near Harbor Rockwall

      Retail space suitable for retail, medical, or office use.
      1160 Horizon Rd, Rockwall, TX
      View Details
    • Contact for pricing

      Historic Downtown Corner Retail Space

      Prime corner retail/restaurant space in Historic Downtown Rockwall.
      101 N Goliad St, Rockwall, TX
      View Details
    • Contact for pricing

      Downtown Rockwall Office Suite For Rent

      Office suite in historic building, walking distance to businesses.
      101 S Fannin St, Rockwall, TX
      View Details
    • Contact for pricing

      Small Office Space For Rent

      Upstairs office space available March 2026 in Rockwall, TX.
      1101 Ridge Rd, Rockwall, TX
      View Details
    • Contact for pricing

      Rockwall Industrial Warehouse Space

      Industrial warehouse space with quick access to major highways.
      1605 Research Cir, Rockwall, TX 75032
      View Details

    FAQs

    What type of property is this?
    Land - Land available for lease in rapidly growing Rockwall, Texas.
    Where is this land located?
    The property is located at 0 Memorial Pkwy Rockwall, TX.
    What are key features of this property?
    This property features: Located in a rapidly growing Texas city, experiencing 260% population growth since 2010.; Adjacent to Fate Village, anchored by Fresh by Brookshire’s.; Pad Sites and Retail Space available.
    (214) 257-0200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tim McNutt
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!