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

    551 Laurence Dr Heath, TX 75032-1947

    • Commercial real estate
    • 52,884 SF
    • 5.62 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US82-5043876
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 551 Laurence Dr

    Year built
    2019
    Lot size
    5.62 lot acres
    Property size
    52,884 SF
    Property type
    Commercial real estate
    APN
    S4137-000A-0001-00-0R
    APU
    S4137000A0001000R

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Heath
    County
    Rockwall
    State
    Texas
    Longitude
    -96.4725
    Latitude
    32.8416
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $136,154
    $1,279,730
    $4,991,729
    $6,271,459
    -
    $1,279,730
    $4,991,729
    $6,271,459

    Comparable in this City

    • Value Estimation by Request
      13.14 Acres

      Medical Dr

      Land • 13.14 Acres
      0 Medical Dr, Rockwall, TX 75032
      View Details
    • Value Estimation by Request
      1.00 Acre

      276 & FM-549 Seq Of Hwy

      Land • 1.00 Acre
      276 & FM-549 Seq Of Hwy, Rockwall, TX 75032
      View Details
    • Value Estimation by Request
      2.49 Acres

      1810 Walnut Rdg Dr

      COMMERCIAL (GENERAL) • 2.49 Acres
      1810 Walnut Rdg Dr, Rockwall, TX 75032
      View Details
    • Value Estimation by Request
      7.13 Acres

      2610 Observation Trl, Unit 104

      COMMERCIAL (GENERAL) • 7.13 Acres
      2610 Observation Trl, Rockwall, TX 75032-6204
      View Details
    • Value Estimation by Request
      7.47 Acres

      231 Rnch Trl

      COMMERCIAL (GENERAL) • 7.47 Acres
      231 Rnch Trl, Rockwall, TX 75032-6030
      View Details
    • Value Estimation by Request

      247 Prayer Cir

      COMMERCIAL (GENERAL)
      247 Prayer Cir, Rockwall, TX 75032-5827
      View Details

    Similar Nearby for Sale

    • 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
    • $1,700,000
      7.91 Acres

      Rockwall Commercial Land - 7.9 Acres

      Prime Rockwall location, commercial potential.
      2287 Fm 549, Rockwall, TX 75032
      View Details
    • $875,000
      0.86 Acres

      Rockwall Commercial Land Opportunity

      Prime .86-acre lot, high-traffic location.
      Tbd Summer Lee Dr, Rockwall, TX 75032
      View Details
    • $9,730,431
      13.14 Acres

      Horizon Ridge Center: Prime Medical Land

      13 Acres, Rockwall, TX Medical District
      0 Medical Dr, Rockwall, TX 75032
      View Details
    • Contact for pricing
      16.00 Acres

      Rockwall Retail Land Opportunity

      Prime 16-acre retail site in Rockwall, TX.
      549 & Sh 205, 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
    • 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
    • $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
      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
      2,340 SF

      Medical Suite for Sublease

      Medical suite available for sublease in Rockwall, Texas.
      1201 Arista Dr, Rockwall, TX 75032
      View Details

    Property Visit Statistics

    • Visits by month
      85.7k
    • Visitors by month
      35.4k
    • Avg Time on site
      22 min
    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.
    551 Laurence Dr
    Heath, TX 75032-1947
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    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.