Property profile

3399 Chiesa Rd Rowlett, TX 75088

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 21.4-acre parcel, located at the hard corner of Miller and Chiesa Roads in Rowlett, Texas, presents a remarkable investment opportunity. Currently zoned for mixed-use and enjoying an agricultural exemption, this property offers unparalleled versatility for a wide range of development projects, encompassing both commercial and residential uses. Situated in a high-traffic area, its prime location benefits from proximity to major thoroughfares, including easy access to George Bush Turnpike and I-30 (both under 5 minutes away). The property's desirability is further enhanced by its location in a rapidly growing area of Rowlett, a lakeside community with a median household income of $103,627 (source: City of Rowlett Economic Development Department). The ongoing widening of Chiesa Road adds significant value, making this an even more attractive location for development. Furthermore, its close proximity to Lake Ray Hubbard (walkable distance) and the $1 billion Sapphire Bay mixed-use development (under 5 minutes away) provides exceptional lifestyle amenities and synergistic development potential. New homes are currently being built adjacent to the property, indicating strong market demand. The seller is open to subdividing the land, offering flexibility for various development scenarios. This 932,971 square foot lot represents a truly exceptional opportunity for developers seeking a prime location in a thriving Texas community. The asking price is $8,156,610.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

3399 Chiesa Rd Rowlett, TX 75088
Rowlett metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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