Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    798b N Munson Rd Royse City, TX 75189

    Sponsored
    For Sale
    $560,000

    Unimproved Land - Royse City, TX

    Type:Unimproved Land
    Lot size:
    10.00 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 1 at 10:06 am

    Property Features for 798b N Munson Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    000000047275
    Lot size
    10.00 Acres

    Building Details

    Year built
    1998
    Architectural style
    Other

    We can help!

    Listing Contact
    Shane Funk

    Stephanie Funk (972) 716-3865

    Listing agent Shane Funk (972) 716-3865 License #0718927

    Listing date Jan 30, 2026

    MLS# 21166564 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.

    Learn more

    Property Insight Report

    Overview

    Royse City 10-Acre Investment Land

    This 10-acre parcel, located at 798b N Munson Road in Royse City, Texas, presents a prime investment opportunity. The raw, undeveloped land offers flexibility for investors, developers, or buyers seeking acreage in a rapidly growing North Texas corridor. Utilities are located nearby. The property has no HOA restrictions. It offers convenient access to I-30, Rockwall, Royse City amenities, and the DFW metroplex. This property is suitable for a residential project, custom estate, or land investment portfolio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Royse City
    County
    Rockwall
    State
    Texas
    Longitude
    -96.32797
    Latitude
    32.911123

    Nearby Similar for Sale

    • $499,900
      1,731 SF

      Royse City Ranch with Horse Barn

      3-bedroom home on 5.46 acres with horse barn.
      6371 County Road 2520, Royse City, TX 75189
      View Details
    • $1,250,000
      1.50 Acres

      Royse City Business Opportunity

      Business property in Royse City with offices and warehouse space.
      251 Southern Dr, Royse City, TX 75189
      View Details
    • $1,300,000
      2,280 SF

      Royse City Ranch Retreat

      22.85-acre ranch with updated home near Lake Ray Hubbard.
      567 Poetry Rd, Royse City, TX 75189
      View Details
    • $3,538,000
      48.00 Acres

      48 Acres with Two Homes

      Luxury estate with two homes, barn, and stocked pond.
      Tbd Abbott Rnch Rd, Royse City, TX 75189
      View Details
    • $359,000
      6.01 Acres

      Royse City Ranch Property

      6.01 acre ranch property with barn and horse stalls.
      County Road 2526, Royse City, TX 75189
      View Details
    • New
      $1,950,000
      12,020 SF

      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
    • $1,645,000
      8,780 SF

      Royse City Flex Building

      Modern flex building on 1.56 acres with highway frontage.
      6684 Tx-276, Royse City, TX
      View Details
    • $325,000

      Historic Downtown Royse City Opportunity

      Commercial property in thriving walkable historic downtown Royse City.
      209 N Elm St, Royse City, TX 75189
      View Details
    • Contact for pricing
      38,285 SF

      Royse City Industrial Property

      Industrial property in growing Royse City, Texas, near Dallas.
      1121 Industrial Dr, Royse City, TX 75189
      View Details
    • $199,999

      Workshop with Additional Lot

      Workshop with electricity, bay doors, and additional lot.
      501 Pearl St, Royse City, TX 75189
      View Details
    • $1,500,000

      Commercial Property on I30

      Versatile 2000 sq ft metal building on I30.
      6000 W Interstate 30, Royse City, TX 75189
      View Details
    • $395,000

      6 Acres Horse Property

      6.01 acre horse property with barn and stalls.
      County Road 2526, Royse City, TX 75189
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10 acres of undeveloped land in rapidly growing Royse City.
    Where is this commercial land located?
    The property is located at 798b N Munson Rd Royse City, TX.
    What is the asking price?
    The asking price for this property is $560,000.
    What are key features of this property?
    This property features: - 10 Acres of Undeveloped Land in Rapidly Growing Royse City; - Prime Investment Opportunity with High Potential; - No HOA Restrictions offering Flexibility
    (972) 716-3865
    Request Owner's contact information
    798b N Munson Rd Royse City, TX 75189
    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.
    798b N Munson Rd
    Royse City, TX 75189
    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
    798b N Munson Rd Royse City, TX 75189
    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

    We can help!
    Listing Contact
    Shane Funk
    Real Estate License ID: 0718927
    (972) 716-3865
    Learn more
    Google sign-in failed. Please try again or use another login method.