Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1 John King Blvd Rockwall, TX 75032

    • Land
    • 17.37 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1 John King Blvd

    Lot size
    17.37 lot acres
    Property type
    Land

    Description

    This exceptional 17.37-acre commercial land parcel presents a unique investment opportunity in Rockwall, Texas, located at 1 John King Blvd, zip code 75032. Zoned Pd-74, this property allows for a diverse range of retail and commercial developments. The site is available for sale in its entirety or can be subdivided into smaller pad sites, catering to various development needs. Utilities are readily available, ensuring seamless construction and operation. The property boasts a strategic location adjacent to the Breezy Hill Master Planned Community, a thriving residential area with 730 lots, providing a built-in customer base. Significant infrastructure improvements are planned for FM 552 and its intersection with John King Boulevard, further enhancing the property's value and accessibility. Existing infrastructure includes a 16-inch water line along John King Blvd and FM 552, and an 8-inch sewer connection on John King Blvd (installed with Phase 10 Storm). While detention may be required, connection to the storm system on John King Blvd is readily available. Importantly, the property is not located within a floodplain. The topography slopes gently towards the intersection of John King and FM 552, offering excellent site design flexibility. Multiple architectural concept plans are available upon request, providing a head start for potential developers. The asking price is $7,566,372. This property offers substantial potential for significant return on investment.

    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
    -96.4334
    Latitude
    32.9192

    Comparable in this City

    • Value Estimation by Request
      16.00 Acres

      549 & Sh 205

      Residential income properties • 16.00 Acres
      549 & Sh 205, Rockwall, TX 75032
      View Details
    • Value Estimation by Request
      1.88 Acres

      1212 Corporate Xing

      Land • 1.88 Acres
      1212 Corporate Xing, Rockwall, TX 75032
      View Details
    • Value Estimation by Request
      3.20 Acres

      Horizon Rd

      Land • 3.20 Acres
      0 Horizon Rd, Rockwall, TX 75032
      View Details
    • Value Estimation by Request

      State Highway 276

      Land
      0 State Highway 276, Rockwall, TX 75032
      View Details
    • Value Estimation by Request
      2.77 Acres

      LOTS 12-13-14 Alliance Dr

      Land • 2.77 Acres
      LOTS 12-13-14 Alliance Dr, Rockwall, TX 75032
      View Details
    • Value Estimation by Request
      1.87 Acres

      30 Service Rd

      Land • 1.87 Acres
      30 Service Rd, Rockwall, TX 75032
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Prime Rockwall Commercial Land

      1 Acre Hwy 276 & FM-549
      276 & FM-549 Seq Of Hwy, Rockwall, TX 75032
      View Details
    • Contact for pricing
      3.85 Acres

      McLendon Chisholm Commercial Land

      3.85 Acres, High-Traffic Location
      550 & Sh 205, Rockwall, TX 75032
      View Details
    • Contact for pricing
      1.04 Acres

      Heath, TX Commercial Land Parcel

      1.04-acre commercial lot, prime location.
      549 Heath Texas, Heath, TX 75032
      View Details
    • Contact for pricing
      7.00 Acres

      McLendon Chisholm Commercial Land

      7 Acres, High Traffic, Prime Location
      141 State Highway 205, Rockwall, TX 75032
      View Details
    • Contact for pricing
      24.69 Acres

      Texas Sports & Entertainment Complex

      Premier Pickleball Club, Excess Land, Businesses
      5757 Sh-205, Rockwall, TX 75032
      View Details
    • $2,787,840
      3.20 Acres

      Horizon Ridge Center: Prime Medical Land

      3.2 Acres, Rockwall, TX Medical District
      0 Horizon Rd, 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
    • $5,850 /Mo

      Retail/Office Space Available For Rent

      Retail or office space available for lease at $11/SF/YR.
      1730 Smith Rd, 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
      1,512 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
      102,000 SF

      Rockwall Industrial Warehouse Space

      Industrial warehouse space with quick access to major highways.
      1605 Research Cir, Rockwall, TX 75032
      View Details
    • Contact for pricing
      4,000 SF

      Heath Retail/Office Space Available

      Retail or office space in high-growth Heath, Texas.
      603 Laurence Dr, Heath, 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.
    1 John King Blvd
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.