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$402,388

NAL Estimated Property Value

1008 Ridge Road, Rockwall, TX, 75087

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths1,923 Sq Ft
price_per_sqft$262.61 / sqft
Year BuiltBuilt in 1954

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringCarpet, Wood

Exterior

Lot Size13,504 sqft

Building Information

Year Built1954

Land Information

APN3753-000A-0001-00-0R
Lot Number1
SubdivisionGoodman Addition
Land UseCommercial
Legal DescriptionGOODMAN ADDITION, BLOCK A, LOT 1
Census Tract040303
Assessed Land Value$160,955
Assessed Improvement Value$241,433
Assessment Year2025

About this property

Rare opportunity to purchase a 1,923 s.f. , free standing, ADA Compliant office building with parking in rear. Highly visible exceptional location near Downtown Rockwall with easy access to !-30 and Hwy 66.

Investor Tools

Property Icon
$402,388
Estimated Property Value
$385,671Estimated Mortgage Balance
$16,717Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,030 /month
Positive
Cash Flow Estimate:
$1,010 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$670/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,033
$402,388
2025
$160,955
$241,433
$402,388
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,033
$402,388

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The American National Bank Of Texas
Purchase Money Mortgage
$420,750
No
First
Dec 16, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$385,671
$16,717
4%
96%
$2,523/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Rockwall

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1008 Ridge Road | Property Details | No Agent List