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Property profile & analytics
FOR SALE
Commercial real estate
2306 Ridge Rd Rockwall, TX 75087
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-2002102
For Sale
1 / 36
$1,125,000
2306 Ridge Rd, Rockwall, TX 75087
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Property summary
AI-generated overview
This vacant, 5,379 square foot Class C medical office building in Rockwall, TX is available for $1,400,000 ($260.27/sq ft). Built in 1987, this single-story building sits on a 0.52-acre lot and features a desirable floor plan including plumbed exam rooms and a spacious waiting area. The property boasts excellent frontage and visibility on Ridge Road, a high-traffic area with over 27,000 vehicles daily. Located in the Dallas-Fort Worth MSA, this turnkey facility offers an exceptional opportunity for medical professionals seeking a prime location with convenient access to a large potential client base. The property became vacant on May 16, 2022 and is ready for immediate occupancy. Ample parking is available. This represents a compelling investment or user opportunity in a thriving Texas market.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1987
Total area
5,379 SF
Lot
0.52 ac (22,651 SF)
Zoning code
C
APN
0064-0000-0014-00-0R
UPID
US82-2002102
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
Current use
Occupant on record · Public records
-
McKenney Clinic Medical Clinic
-
Mc Kenney Carl K Do Pediatrician Physician
-
Ridge Road Medical Center Medical Clinic
-
Rodriguez Ramiro MD Pediatrician Physician
-
Jennifer Schoenfeld Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$855k
Comparable Approach
Comparable
$840k
Blend (final)
Blend
$850k
Owner & transaction history
ROCKWALL ALIGNED REI
ROCKWALL ALIGNED REI
Zoning & alternative use
C · Rockwall, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rockwall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockwall submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$930,000
6.5%
$855,000
7%
$795,000
Blend value · Realmo final
$850k
Range $765k – $935k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$158 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$15,671
Tax year 2021
Assessed value
$1,673,903
Assessed 2023
Previous assessed
$1,707,900
-2.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$243,500
Assessed improvement
$1,430,403
Land market value
$243,500
Improvement market value
$1,430,403
Total market value
$1,673,903
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1987
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
5,379 SF
Lot
0.52 ac (22,651 SF)
Zoning code
C
APN
0064-0000-0014-00-0R
UPID
US82-2002102
Jurisdiction
ROCKWALL
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
C · Rockwall, TX
Zoning C · permitted uses
C · Rockwall, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockwall. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
ROCKWALL ALIGNED REI
Individual
Free & Clear · 0 yrs held
Mailing address
8637 FREDERICKSBURG RD STE #360, SAN ANTONIO, TX 78240-1285
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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