Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    251 Southern Drive Royse City, TX 75189

    View on Map
    Claim this Listing
    For Sale
    $1,190,000

    Business - Royse City, TX

    Type:Business
    Lot size:
    1.50 Acres
    Added:
    Apr 7, 2026
    Days on Market:
    29
    Last Refresh:
    May 5 at 11:06 pm

    Property Features for 251 Southern Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    000000032760
    Lot size
    1.50 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1995
    Flooring type
    Carpet, Concrete
    Building materials
    Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Cathleen Lewis
    Cathleen Lewis

    Listing agent Cathleen Lewis License #0564899

    Listing office Call It Closed Realty 2435 North Central Expressway, GRANBURY, TX

    Listing date Apr 7, 2026

    MLS# 20979205 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Royse City Business Opportunity

    This property presents a business opportunity with room for growth. The layout includes offices, a conference room, bay areas, a kitchen, and storage. There is additional storage and warehouse space with extended concrete on both sides of the building. The property is fully fenced and features a large concrete parking lot with additional room for parking or expansion. It is located in a business park with easy access. The lot size is 1.5 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Paul L Whitney ... Consultant

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Nail Salon Auto Repair Shop Pharmacy Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Royse City
    County
    Rockwall
    State
    Texas
    Longitude
    -96.363788
    Latitude
    32.902244

    Nearby Similar for Sale

    • $960,000
      4,090 SF

      Royse City Farmhouse Retreat

      Meticulously maintained farmhouse on nearly 10 acres with entertaining space.
      7803 Fm 35, Royse City, TX 75189
      View Details
    • $1,400,000
      7,500 SF

      New Self-Storage Facility Investment

      Turnkey self-storage facility in a rapidly expanding area.
      621 Poetry Road, Royse City, TX 75228
      View Details
    • $1,300,000
      2,280 SF

      Income-Producing Ranch Near Lake Ray

      22.85-acre ranch featuring a cell tower lease.
      567 Poetry Road, Royse City, TX 75189
      View Details
    • $11,245,000

      206 Acre Ranch in Royse City

      206 acre ranch with development potential in Royse City, TX.
      8523 State Highway 276, Royse City, TX 75189
      View Details
    • $1,950,000

      Industrial Warehouses on 1.49 Acres

      Two warehouse buildings on 1.49 acres in Royse City, TX.
      5882 State Highway 276, Royse City, TX 75189
      View Details
    • Contact for pricing
      9,012 SF

      Royse City Shopping Center

      9,012 SF shopping center in Royse City, Texas.
      921-931 ERBY CAMPBELL BOULEVARD, Royse City, TX 75189
      View Details
    • $1,950,000
      12,020 SF

      Industrial Warehouses on Fenced Acres

      Two industrial warehouse buildings on 1.49 fenced acres.
      5882 State Highway 276, Royse City, TX 75189
      View Details
    • $1,400,000
      7,500 SF

      New Self-Storage Facility For Sale

      Newly constructed, income-producing self-storage facility in a rapidly expanding area.
      621 Poetry Road, Royse City, TX 75228
      View Details
    • Contact for pricing
      38,285 SF

      Royse City Industrial Property

      Multi-building industrial property on 1.84 acres in Royse City.
      1121 Industrial Dr, Royse City, TX 75189
      View Details
    • $3,175,000
      19,842 SF

      Modern Flex Warehouse Facility

      19,842 SF flex warehouse with office space for sale.
      3925 Ruger Dr, Royse City, TX 75189
      View Details
    • $1,300,000
      2,280 SF

      22.85 Acre Ranch Near Lake

      22.85-acre ranch near Lake Ray Hubbard in Rockwall County.
      567 Poetry Road, Royse City, TX 75189
      View Details
    • $1,600,000
      38,285 SF

      Industrial Investment Opportunity in Royse

      38,285 SF industrial property in Royse City, Texas.
      1121 Industrial Drive, Royse City, TX 75189
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space with offices, warehouse, and room for expansion.
    Where is this flex space located?
    The property is located at 251 Southern Drive Royse City, TX.
    What is the asking price?
    The asking price for this property is $1,190,000.
    What are key features of this property?
    This property features: Large concrete parking lot with additional room for parking or expansion.; Additional storage‑warehouse space with extended concrete on both sides.; Fully fenced property with easy access in a busy business park.
    (945) 225-7211
    We can help!
    Listing Contact
    Cathleen Lewis
    Cathleen Lewis
    Real Estate License ID: 0564899
    Learn More
    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.
    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

    Thank You for Inquiry
    251 Southern Drive, Royse City, TX 75189
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!