Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Land for Mixed-Use Development Title is generated by Realmo AI

    0000 Erby Campbell Blvd. Erby Campbell Blvd., Royse City, TX 75189

    View on Map
    Claim this Listing
    For Sale
    $4,159,328

    Excellent location for mixed-use development in Royse City, Texas.

    Type:Land
    Lot size:
    29.38 Acres
    Added:
    Nov 27, 2025
    Days on Market:
    190
    Last Refresh:
    May 19 at 10:17 pm

    Property Features for 0000 Erby Campbell Blvd. Erby Campbell Blvd.

    General Information

    Standard status
    Active
    Lot size
    29.38 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jim Cervine

    Listing agent Jim Cervine

    Listing date Nov 27, 2025

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Jim Cervine

    HighLights

    • Excellent location for mixed‑use development.
    • Close proximity to new major retailers at I‑30 and Erby Campbell Blvd.
    • Ideal location for Multifamily, Medical Offices, General Office, Retail Shopping Center.
    • Area developing as the NEW Royse City retail, mixed‑use, and commercial area.
    • Proximity to several new fast food restaurants, retail and office buildings.
    • Will consider Contract subject to zoning change.

    Overview

    This property offers an excellent location for mixed-use development near I-30 and Erby Campbell Blvd. The surrounding area features new major retailers, fast food restaurants, retail spaces, and office buildings. The location is ideal for multifamily housing, medical offices, general office space, or a retail shopping center. The seller will consider contracts subject to zoning changes. According to the city of Royse City Land Use Plan, this area is developing into the new retail, mixed-use, and commercial hub of Royse City.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Royse City
    County
    Rockwall
    State
    Texas
    Longitude
    -96.3618
    Latitude
    32.9603

    Nearby Similar for Sale

    • $1,299,000

      Auto Repair Metal Building

      Operating auto repair facility with strong visibility and accessibility, supported by TxDOT traffic for lasting commercial demand.
      9718 State Highway 276, Royse City, TX 75189
      View Details
    • $849,000

      Commercial Development Land Near Interstate

      Expansive acreage with strong proximity to Interstate 30 and Royse City growth drivers for retail, office, or mixed-use.
      5901 FM 2642, Royse City, TX 75189
      View Details
    • $849,000

      Growth-Corridor Development Land

      A large commercial acreage near I-30 and major planned retail developments, well-suited for future retail or mixed-use projects.
      5901 FM 2642, Royse City, TX 75189
      View Details
    • $3,699,000

      Commercial Land with Major Road Frontage

      Expansive acreage with substantial road frontage and city water and sewer access, ideal for flexible development or ranch use.
      Crenshaw Road, Royse City, TX 75189
      View Details
    • $1,600,000

      Ag-Exempt Ranch with Pond & Creek

      116-acre ranch with rolling hills, ag-exempt land, and a year-round creek—supported by barns and city utilities.
      1396 Cemetery Road, Royse City, TX 75189
      View Details
    • $995,000

      Retail Development Land with I-30 Frontage

      Develop-ready retail land with extensive I-30 visibility and utility connections for a build-to-suit opportunity.
      E i-30 E, Royse City, TX 75189
      View Details
    • $1,149,000

      Commercial Land Development Site

      Prime Royse City tract on Highway 66, suited for a range of commercial development plans.
      HIGHWAY 66, Royse City, TX 75189
      View Details
    • $2,000,000

      Commercial Land Behind Major Fuel Anchor

      High-traffic commercial land positioned behind an Exxon station, with platted requirements and retail zoning to verify with the City.
      190 FM 1138, Royse City, TX 75189
      View Details
    • $2,900,000

      Development Land with Major Road Frontage

      Large, flexible acreage with substantial road frontage and utilities access outside the floodplain.
      47.69+- Crenshaw Road, Royse City, TX 75189
      View Details

    FAQs

    What type of property is this?
    Commercial land - Excellent location for mixed-use development in Royse City, Texas.
    Where is this commercial land located?
    The property is located at 0000 Erby Campbell Blvd. Erby Campbell Blvd. Royse City, TX.
    What is the asking price?
    The asking price for this property is $4,159,328.
    What are key features of this property?
    This property features: Excellent location for mixed‑use development.; Close proximity to new major retailers at I‑30 and Erby Campbell Blvd.; Ideal location for Multifamily, Medical Offices, General Office, Retail Shopping Center.
    We can help!
    Listing Contact
    Jim Cervine
    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
    0000 Erby Campbell Blvd. Erby Campbell Blvd., 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!