Commercial Land with Food Truck
New
For Sale
$839,500
6503 State Highway 66, Royse City, TX 75189
A leased food truck court with utility connections and a residence in retail use are already on the tract.
Property Size1,704 SF
Price / SF$492.66
Days on Market3
Property Features for 6503 State Highway 66
General Information
Standard status
Active
Size
1,704 SF
Property subtype
Commercial
Zoning
Unincorporated
Building Details
Building Size
1,704 SF
Year Built
1971
Stories
1
Units
1
Listing Agency:
Coldwell Banker Apex, REALTORS
(972) 772-9300
Listed By:
Lorilee Huston · License #0566983
(214) 697-0145
Source:
Cogburnrealestate
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 5:18PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1.1-acre commercial land parcel includes a seven-space food truck court with electric and water connections. The court is fully leased, and a residence on the property is also leased for retail use. The tract is unincorporated and lies outside city limits and the ETJ; it is not in a floodplain.
The property fronts State Highway 66, just north of FM-2642, with more than 200 feet along the highway and a stated daily traffic count of 10,000+ vehicles. Buc-ee’s, Walmart, Lowe’s, Royse City’s historic Main Street, and the future Royse City Town Center development at I-30 and FM-2642 are identified in the surrounding area.
The property fronts State Highway 66, just north of FM-2642, with more than 200 feet along the highway and a stated daily traffic count of 10,000+ vehicles. Buc-ee’s, Walmart, Lowe’s, Royse City’s historic Main Street, and the future Royse City Town Center development at I-30 and FM-2642 are identified in the surrounding area.
Key Highlights
- 1.1‑acre tract with more than 200 feet of frontage on State Highway 66
- Fully leased food truck court with 7 spaces and electric and water connections
- Residence currently leased for retail use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,284
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,680
$565.7K
Cap Rate 7%
$404,057
$404.1K
Cap Rate 9%
$314,267
$314.3K
Market Conditions
NOI Build-Up for 1,704 SF
Gross rent
$42.5K $24.96/SF
− Vacancy
−$2.1K −$1.25/SF
EGI
$40.4K $23.71/SF
− OpEx
−$12.1K −$7.11/SF
NOI
$28.3K $16.60/SF
Area
Rockwall County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,680
Cap Rate 7%
$404,057
Cap Rate 9%
$314,267
Alternative Uses
Best Use
Retail
$404.1K
$353.6K – $471.4K
NOI $28,284 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.28M
$1.12M – $1.50M
NOI $89,843 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
32
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - A leased food truck court with utility connections and a residence in retail use are already on the tract.
Where is this commercial land located?
The property is located at 6503 State Highway 66 Royse City, TX.
What is the asking price?
The asking price for this property is $839,500.
What are key features of this property?
This property features: 1.1‑acre tract with more than 200 feet of frontage on State Highway 66; Fully leased food truck court with 7 spaces and electric and water connections; Residence currently leased for retail use
