Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14 Alliance Dr Rockwall, TX 75032
    Back to Search
    Property profile & analytics

    14 Alliance Dr, Rockwall, TX 75032

    View on Map
    • Land
    • 0.92 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 14 Alliance Dr

    Lot size
    0.92 lot acres
    Property type
    Land

    Description

    This exceptional 0.92-acre commercial lot in Rockwall, Texas, presents a unique opportunity for development. Located at Lot 14 Alliance Drive, 75032, this property boasts a highly desirable Office-Retail (PD-57) zoning designation approved by the City of Rockwall. Its strategic location directly across the street from Cain Middle School and Pullen Elementary School offers high visibility and accessibility. The lot is conveniently situated with existing infrastructure readily available; streets, water, and sewer lines are located across the road, eliminating significant upfront infrastructure costs. Furthermore, all detention requirements have already been met, streamlining the development process. This "shovel-ready" site is perfect for immediate construction, saving valuable time and resources. Buyers are encouraged to bring their building plans and capitalize on this exceptional opportunity to build in a thriving Rockwall community. The property's address is Lot 14 Alliance Drive, Rockwall, Texas, 75032. The lot size is 0.92 acres.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rockwall
    County
    Rockwall
    State
    Texas
    Longitude
    -96.4184
    Latitude
    32.8582

    Comparable in this City

    • Value Estimation by Request
      8,500 SF

      3101 Fit Sport Life Blvd

      Medical Office Space
      3101 Fit Sport Life Blvd, Rockwall, TX 75032
      View Details
    • Value Estimation by Request
      7.91 Acres

      2287 Fm 549

      Land
      2287 Fm 549, Rockwall, TX 75032
      View Details
    • Value Estimation by Request
      2,115 SF

      5811 Horizon Rd

      Medical Office Space
      5811 Horizon Rd, Rockwall, TX 75032
      View Details
    • Value Estimation by Request

      3021 Ridge Road Ct

      Land
      3021 Ridge Road Ct, Rockwall, TX 75032
      View Details
    • Value Estimation by Request

      Smirl Dr

      Land
      0 Smirl Dr, Heath, TX 75032
      View Details
    • Value Estimation by Request
      41,251 SF

      Summer Lee Dr

      Distribution properties
      0 Summer Lee Dr, Rockwall, TX 75032
      View Details

    Similar Nearby for Sale

    • $1,800,000

      Land For Sale in Heath

      Land available for purchase in Rockwall County.
      506 Terry Ln, Heath, TX 75032
      View Details
    • $299,990

      Rockwall Land For Sale

      Land available in Rockwall County.
      2230 Lake Estates Dr, Rockwall, TX 75032
      View Details
    • $1,999,999

      Land for Sale in Rockwall

      Land available on FM 549, Rockwall, Texas.
      5205 S Fm 549, Rockwall, TX 75032
      View Details
    • Contact for pricing

      360 AC Land in Rockwall

      360 acres in Rockwall ISD, zoned PD/AG.
      2440 W Farm To Market Rd 550, Rockwall, TX 75032
      View Details
    • $1,302,095

      Land Available in Rockwall, Texas

      Land for sale near Horizon Road in Rockwall, Texas.
      000 Ranch Trl, Rockwall, TX 75032
      View Details
    • $635,370
      1.88 Acres

      Rockwall Commercial Land - $635,370

      Prime 1.88-acre commercial lot, ideal location.
      1212 Corporate Xing, Rockwall, TX 75032
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,500 SF

      I-30 & FM 549 Office/Land

      Rockwall, TX Medical Office & Land
      3101 Fit Sport Life Blvd, Rockwall, TX 75032
      View Details
    • Contact for pricing
      157,953 SF

      Rockwall Warehouse Space Available

      157,953 SF warehouse with 32' clear height for lease.
      1280 Data Dr, Rockwall, TX 75032
      View Details
    • Contact for pricing
      1,339 SF

      Medical Office Space Available

      Two-story medical office building adjacent to Texas Health Presbyterian Hospital.
      1005 W Ralph Hall Pkwy, Rockwall, TX 75032
      View Details
    • Contact for pricing
      34,962 SF

      Rockwall Warehouse Space Available

      157,953 SF warehouse space with 32' clear height.
      1220 Data Dr, Rockwall, TX 75032
      View Details
    • Contact for pricing
      2,340 SF

      Medical Suite for Sublease

      Medical suite available for sublease in Rockwall, Texas.
      1201 Arista Dr, Rockwall, TX 75032
      View Details
    • Contact for pricing
      1,797 SF

      Charming Converted Residence Office Space

      Unique office space with a blend of comfort and functionality.
      1271 S State Highway 205, Rockwall, TX 75032
      View Details
    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.
    14 Alliance Dr
    Rockwall, TX 75032
    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

    Thank You for Inquiry
    14 Alliance Dr, Rockwall, TX, 75032
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!