Two-Building Industrial
For Sale
$1,950,000
5882 State Highway 276, Royse City, TX 75189
Fenced warehouse property with office support, oversized vehicle bays, and no official zoning ordinance.
Property Size12,020 SF
Lot Size1.49 Acres
Price / SF$162.23
Days on Market218
Property Features for 5882 State Highway 276
General Information
Standard status
Active
Size
12,020 SF
Lot size
1.49 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
5
Taxes and HOA fees
Annual Taxes
$16,305
Building Details
Buildings
2
Construction
metal frame siding with brick fascia
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Janet Ortega · License #0837570
(888) 519-7431
Source:
Exprealty
Added: Jan 23
Changed: Aug 28
Last Checked: Aug 28 at 2:16PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This industrial warehouse property includes two metal-frame buildings totaling approximately 12,020 square feet on 1.49 fenced acres. The improvements were completed in 2004 and 2021, with brick fascia on the front building. Building A includes a reception area, three offices, two bathrooms, a shower, laundry facilities, and three oversized garage doors suitable for RV access. Building B is configured as a storage warehouse with two oversized garage doors.
The property is positioned along the north side of State Highway 276 at 5882 State Highway 276, Royse City, Texas, southeast of Rockwall and south of Royse City. It lies outside the Rockwall and Royse City city limits in Rockwall County, where no official zoning ordinance applies.
The property is positioned along the north side of State Highway 276 at 5882 State Highway 276, Royse City, Texas, southeast of Rockwall and south of Royse City. It lies outside the Rockwall and Royse City city limits in Rockwall County, where no official zoning ordinance applies.
Key Highlights
- Two industrial warehouse buildings totaling approximately 12,020 sf
- 1.49‑acre fenced property on the north side of State Hwy 276
- Building A includes 3 oversized garage doors large enough for an RV
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$137,559
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,751,180
$2.8M
Cap Rate 7%
$1,965,129
$2.0M
Cap Rate 9%
$1,528,433
$1.5M
Market Conditions
NOI Build-Up for 12,020 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$230.8K $19.20/SF
− Vacancy
−$19.2K −$1.59/SF
EGI
$211.6K $17.61/SF
− OpEx
−$74.1K −$6.16/SF
NOI
$137.6K $11.44/SF
Area
Rockwall County, TX
Vacancy
8.30%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,751,180
Cap Rate 7%
$1,965,129
Cap Rate 9%
$1,528,433
Alternative Uses
Best Use
Flex RnD
$1.97M
$1.72M – $2.29M
NOI $137,559 @ 7.0% cap · market cap 7.05%
Second Best
Warehouse
$1.09M
$950.4K – $1.27M
NOI $76,034 @ 7.0% cap · market cap 3.90%
Theoretical Best
Hotel Hospitality
$9.05M
$7.92M – $10.56M
NOI $633,755 @ 7.0% cap · market cap 32.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Adventure Boat and RV Storage, LLC — 6458 TX-276 West, Royse City, TX 75189
- County Line Storage Co. — 6453 TX-276, Royse City, TX 75189
Frequently Asked Questions
What type of property is this?
Warehouse - Fenced warehouse property with office support, oversized vehicle bays, and no official zoning ordinance.
Where is this warehouse located?
The property is located at 5882 State Highway 276 Royse City, TX.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Two industrial warehouse buildings totaling approximately 12,020 sf; 1.49‑acre fenced property on the north side of State Hwy 276; Building A includes 3 oversized garage doors large enough for an RV
