Office Property with Private
For Sale
$695,000
404 S Elm St, Royse City, TX 75189
Two private offices, three bathrooms, ADA compliance, and fenced rear parking support flexible office use.
Property Size2,797 SF
Price / SF$248.48
Days on Market51
Property Features for 404 S Elm St
General Information
Standard status
Active
Size
2,797 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Amenities
conference space
kitchen
storage
patio
yard
Building Details
Year Built
1970
Year Renovated
2025
Tenancy
Single
Owner Occupied
No
Abandoned
No
Listing Agency:
Coldwell Banker Apex, REALTORS
Listed By:
Kari Hollifield · License #0472316
(214) 564-2899
Source:
Minteerteam
Added: Sep 4
Changed: Oct 9
Last Checked: Oct 7 at 3:03PM
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 Coldwell Banker Apex, REALTORS
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Investment Insights
Based on property information with market context.
This office property includes two private offices or suites, three bathrooms, ADA-compliant features, a kitchen, storage, and conference space. The layout can accommodate additional offices or remain more open, while a fenced patio and yard extend the usable area. A private gated parking area is located at the rear.
The property occupies a corner lot on S Elm Street in Royse City, just off I-30 and near Royse City Historic Main Street. The roof was replaced in 2025, and the foundation was repaired approximately 4 years ago. The property is tenant occupied and leased through December of 2027. Showings are available by appointment.
The property occupies a corner lot on S Elm Street in Royse City, just off I-30 and near Royse City Historic Main Street. The roof was replaced in 2025, and the foundation was repaired approximately 4 years ago. The property is tenant occupied and leased through December of 2027. Showings are available by appointment.
Key Highlights
- Two private offices or suites with room for additional office areas
- Three bathrooms with ADA‑compliant features
- Kitchen, storage, and conference space included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,786
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,720
$935.7K
Cap Rate 7%
$668,371
$668.4K
Cap Rate 9%
$519,844
$519.8K
Market Conditions
NOI Build-Up for 2,797 SF
Gross rent
$85.9K $30.72/SF
− Vacancy
−$23.5K −$8.42/SF
EGI
$62.4K $22.30/SF
− OpEx
−$15.6K −$5.58/SF
NOI
$46.8K $16.73/SF
Area
Rockwall County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,720
Cap Rate 7%
$668,371
Cap Rate 9%
$519,844
Alternative Uses
Best Use
Office B
$668.4K
$584.8K – $779.8K
NOI $46,786 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.11M
$1.84M – $2.46M
NOI $147,472 @ 7.0% cap · market cap 21.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Office units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Explore this area
Business Placement
Demographics for 75189, TX
37,777
Population
15,331
Households
2.5
Avg Household Size
34
Median Age
30%
College-Educated
93%
High-School Grad
109.9 sq mi
ZIP Area
344
Density / Sq Mi
$118,105
Median Household Income
$56,979
Median Earnings
$2,133
Median Rent
$336,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two private offices, three bathrooms, ADA compliance, and fenced rear parking support flexible office use.
Where is this office unit located?
The property is located at 404 S Elm St Royse City, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Two private offices or suites with room for additional office areas; Three bathrooms with ADA‑compliant features; Kitchen, storage, and conference space included
