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    511 E Cook St Royse City, TX 75189

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    For Sale
    $1,300,000

    Convertible property in rapidly growing Josephine, Collin County.

    Lot size:
    5.00 Acres

    Property Features for 511 E Cook St

    General Information

    Lot size
    5.00 Acres

    Building Details

    Year built
    2014

    Source: Ebby Halliday, Realtors Agent David Gloria

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

    Overview

    Development Opportunity in Josephine, TX

    This property presents a development opportunity in Josephine, a rapidly growing town in eastern Collin County, situated northeast of Rockwall and Royce City, and southwest of Greenville. Currently, the site features a custom home that could be converted into an office space. The property's zoning allows for either commercial development or a residential subdivision, with several new subdivisions under construction in the surrounding area. The property has road frontage on E Cook St and Caddo St. A 6-inch water line is located on E Cook St, with nearby 8-inch and 10-inch wastewater lines.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Clothing Store Department Store Kitchen & Bath Storage Facility HVAC Service Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Royse City
    County
    Rockwall
    State
    Texas
    Longitude
    -96.299485
    Latitude
    33.062442

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    FAQs

    What type of property is this?
    Office building - Convertible property in rapidly growing Josephine, Collin County.
    Where is this office building located?
    The property is located at 511 E Cook St Royse City, TX.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Development opportunity: Can be developed as commercial or residential subdivision.; - Strategic Location: Situated in Josephine, a rapidly growing town in eastern Collin County.; - Subdivision Potential: Surrounded by several new residential subdivisions.
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    Realmo Value Estimation

    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.

    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.

    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
    511 E Cook St Royse City, TX 75189
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