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    Ranch Land with Development Potential Title is generated by Realmo AI

    8523 State Highway 276, Royse City, TX 75189

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    Claim this Listing
    For Sale
    Under Contract
    $11,245,000

    LAND - Royse City, TX

    Lot size:
    206.29 Acres
    Added:
    May 12, 2026
    Days on Market:
    25
    Last Refresh:
    Jun 5 at 11:06 am

    Property Features for 8523 State Highway 276

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Boat, RV
    Vegetation
    Wooded, Grassed, Cleared
    Exterior features
    PrivateYard, Storage
    Fencing
    Fenced
    Standard status
    Active Under Contract
    APN
    000000010959
    Lot size
    206.29 Acres

    Taxes and HOA fees

    Tax Description
    ABS A0091, J W GARDNER, TRACT 2, (PT OF 205.7

    Utilities

    Sewer type
    Aerobic Septic
    Heating system
    Central
    Cooling system
    Ceiling Fan(s)
    Water front features
    Creek

    Building Details

    Additional Structures
    Storage, Arena

    We can help!

    Listing Contact
    Wendy Johnson

    Listing agent Wendy Johnson License #0621035

    Listing office Keller Williams Rockwall Rockwall, TX

    Listing date May 12, 2026

    MLS# 21053563 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 206+/- acre ranch in Rockwall County within the Royse City area, about 50 miles east of Dallas
    • Extensive frontage on Hwy 276 and frontage on Streetman Road, with limited frontage on Melody Lane
    • Main home with guest quarters plus 3 barns, an arena, and multiple outbuildings
    • Utilities include an 18 in industrial Cash SUD water line along Hwy 276 and an 8 in line along Streetman Road; aerobic septic
    • Land features ponds and a creek, with minimal FEMA floodplain and scattered trees over productive pastures for livestock and hay
    • Fenced property with private yard; parking for boat and RV

    Overview

    This 206+ acre ranch offers an established layout for both agricultural use and flexible future development. The property includes a main home with guest quarters, three barns, an arena, and multiple outbuildings, providing immediate utility for livestock operations and interim income possibilities. Natural features include ponds, a creek, scattered trees, and productive pastures suitable for hay and livestock production. Minimal FEMA floodplain is noted, along with available survey information.

    The land is located in Royse City within Rockwall County, in the Rockwall ETJ and outside city limits. It provides extensive frontage on Highway 276 and frontage on Streetman Road, with limited frontage on Melody Lane. Utilities are supported by an 18-inch industrial Cash SUD water line along Highway 276 and an 8-inch line along Streetman Road.

    The combination of scale, multi-directional frontage, and existing ranch improvements makes this property a practical fit for buyers seeking a ranchette-style operation, agricultural production, or a long-range development strategy where utility access and access points are priorities. The seller will consider dividing and may offer owner financing for qualified buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Department Store Bakery Home Appliance Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Royse City
    County
    Rockwall
    State
    Texas
    Longitude
    -96.315956
    Latitude
    32.898773

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    FAQs

    What type of property is this?
    Ranch - Large ranch property with highway frontage and existing barns, suited for livestock, interim income, or future development.
    Where is this ranch located?
    The property is located at 8523 State Highway 276 Royse City, TX.
    What is the asking price?
    The asking price for this property is $11,245,000.
    What are key features of this property?
    This property features: 206+/- acre ranch in Rockwall County within the Royse City area, about 50 miles east of Dallas; Extensive frontage on Hwy 276 and frontage on Streetman Road, with limited frontage on Melody Lane; Main home with guest quarters plus 3 barns, an arena, and multiple outbuildings
    (972) 772-7000
    We can help!
    Listing Contact
    Wendy Johnson
    Real Estate License ID: 0621035
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    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.

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