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$966,400

NAL Estimated Property Value

308 Fannin, Rockwall, TX, 75087

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths4,330 Sq Ft
price_per_sqft$427.25 / sqft
Year BuiltBuilt in 2006

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringCeramic Tile, Laminate, Tile

Exterior

Lot Size28,750 sqft

Land Information

APN5175-000A-0002-00-0R
Lot Number1-2
SubdivisionThomas Smith Addition
Land UseCommercial
Legal DescriptionTHOMAS & SMITH ADDITION, BLOCK A, LOT 1 & 2, ACRES .66
Census Tract040202
Assessed Land Value$230,324
Assessed Improvement Value$736,076
Assessment Year2025

About this property

Welcome to THE ROUNDABOUT, now is your chance to own your own restaurant in the heart of Downtown Rockwall complete with an additional storage facility, private parking for your guests, offices located on the second floor, a great social media following, wonderful customers who frequent this establishment, a beer garden for large events and so much more. This is a turn key listing including, the business and the wonderful staff. The Roundabout features a wide variety of food and drinks found nowhere else in the local area, it has been deemed as a EuroTEx cuisine. The positioning of this property is located just past the plaza in downtown Rockwall off Highway 66. TXDOT average daily traffic amounts to over 20,000 vehicles that pass by. Make your appointment to see this one of a kind opportunity today!

Investor Tools

Property Icon
$966,400
Estimated Property Value
$431,318Estimated Mortgage Balance
$535,082Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,100 /month
Positive
Cash Flow Estimate:
$3,700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,684/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,372
$966,400
2025
$230,324
$736,076
$966,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,372
$966,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American National Bank Of Texas Na
Commercial
$716,000
No
First
Jan 20, 2010
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$431,318
$535,082
55%
45%
$4,293/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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308 Fannin | Property Details | No Agent List