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Property profile & analytics
OFF-MARKET
Commercial real estate

161 Grn Cir Rockwall, TX 75189

960 SF 1.1 ac lot Built 1988
Property ID
Property summary
AI-generated overview

This exceptional 1.1-acre property at 161 Green Circle in Rockwall, Texas, presents a unique investment opportunity. Strategically located on a hard corner at the intersection of SH 276 and Green Circle (FM 551), this site boasts unparalleled visibility and accessibility. The 960 square foot residence currently on the property offers potential rental income, while the land itself holds immense value for future development. The city's future land use designation is Office-Retail, making this an ideal location for a variety of commercial ventures. Proximity to major thoroughfares like I-30, SH 205, and John King Boulevard ensures high traffic volume and convenient access for customers and employees. While currently zoned Agricultural (AG), the property's prime location and future zoning designation make it a compelling investment. Note that the Texas Department of Transportation (TXDOT) is planning to widen SH 276 and has already acquired adjacent land for this expansion project. Potential buyers should review the provided TXDOT survey and flood map within the transaction documents, as a portion of the property lies within a designated floodplain. This property is being sold based on its land value, offering significant upside potential for savvy investors seeking a high-impact commercial development site in a rapidly growing area. The existing residence provides a potential income stream while development plans are underway.

Property profile
Verified
Property type Commercial real estate
Year built 1988
Total area 960 SF
Lot 1.1 ac (47,916 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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