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Property profile & analytics
OFF-MARKET
Land

& FM 1141 Sec John King Blvd Rockwall, TX 75087

16 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 16-acre tract in Rockwall, Texas, presents a unique mixed-use development opportunity. Situated at the signalized southeast corner of John King Boulevard and FM 1141, this nearly square parcel boasts a desirable location within the Rockwall Independent School District. The property is conveniently located near upscale single-family residential additions, with homes priced from $600,000, indicating strong surrounding demand. John King Boulevard, a four-lane thoroughfare slated for future expansion to six lanes, provides excellent visibility and accessibility. The property's zoning is currently Agricultural (AG) with commercial potential, and the city is receptive to neighborhood commercial development along John King Boulevard, with possibilities for a commercial campus or townhomes at the rear. While approximately three acres in the rear are subject to flooding, the majority of the land is gently sloping. City water and sewer services are readily available. An additional acre of excess right-of-way owned by the city offers potential for expansion. The property is bordered by the Ladera Addition to the south and the Terraces Addition to the east. No unusual easements are present. This is a rare opportunity to acquire a significant commercial development site in a rapidly growing area. The asking price is $4,100,000, with a land value of $5.88 per square foot. This offering includes a detailed brochure with maps available for download.

Property profile
Verified
Property type Land
Lot 16 ac (696,960 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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