Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6407 Tx-66 Royse City, TX 75189

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    3.28 acre pad site on high traffic highway.

    Lot size:
    3.28 Acres

    Property Features for 6407 Tx-66

    General Information

    Standard status
    Active
    Lot size
    3.28 Acres

    We can help!

    Listing Contact
    Kevin Weable, CCIM
    Source: Crexi

    Listing Agency: M&D CRE Listing Agent: Kevin Weable, CCIM

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

    Learn more

    Overview

    Highway Frontage Pad Site

    This 3.28-acre pad site is located on high-traffic Highway 66, offering substantial frontage. Situated in the ETJ, the parcel provides considerable space for potential development. The property is adjacent to a planned residential subdivision with 2,300 units. It is located less than 5 miles from Interstate 30 and less than 15 minutes from Rockwall and Greenville. The location is in a rapidly growing area, with traffic counts of up to 6,133 vehicles per day on SH 66.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Royse City
    County
    Rockwall
    State
    Texas
    Longitude
    -96.3618
    Latitude
    32.9603

    Nearby Similar for Sale

    • $999,999
      4,090 SF

      Farmhouse Retreat on Expansive Acreage

      Meticulously maintained farmhouse with exceptional entertaining space on nearly 10 acres.
      7803 Fm 35, Royse City, TX 75189
      View Details
    • New
      $485,900
      1,731 SF

      Royse City Acreage with Horse Barn

      Serene 5.46-acre property with a 3-bedroom home and horse barn.
      6371 County Road 2520, Royse City, TX 75189
      View Details
    • $1,400,000
      7,500 SF

      New Self-Storage Facility Investment

      Turnkey self-storage facility in a rapidly expanding area.
      621 Poetry Rd, Royse City, TX 75228
      View Details
    • $1,250,000
      1.50 Acres

      Royse City Business Opportunity

      Business property in Royse City with offices and warehouse space.
      251 Southern Dr, Royse City, TX 75189
      View Details
    • $1,950,000
      12,020 SF

      Industrial Warehouses on 1.49 Acres

      Two warehouse buildings on 1.49 acres in Royse City, TX.
      5882 State Highway 276, Royse City, TX 75189
      View Details
    • $1,300,000
      2,280 SF

      Texas Ranch Dream Property

      22.85-acre ranch near Lake Ray Hubbard with modern comfort.
      567 Poetry Rd, Royse City, TX 75189
      View Details
    • $349,000
      6.01 Acres

      Royse City Ranch with Stalls

      6.01 acre ranch featuring a barn with horse stalls.
      County Road 2526, Royse City, TX 75189
      View Details
    • Contact for pricing
      19,842 SF

      Modern Flex Warehouse Facility

      19,842 SF flex warehouse with office space for sale.
      3925 Ruger Dr, Royse City, TX 75189
      View Details
    • New
      Contact for pricing
      38,285 SF

      Royse City Industrial Property

      Multi-building industrial property on 1.84 acres in Royse City.
      1121 Industrial Dr, Royse City, TX 75189
      View Details
    • Contact for pricing
      38,285 SF

      Royse City Industrial Property

      Industrial property in growing Royse City, Texas, near Dallas.
      1121 Industrial Dr, Royse City, TX 75189
      View Details
    • Contact for pricing
      8,780 SF

      Royse City Flex Building

      Modern flex building on 1.56 acres with highway frontage.
      6684 Tx-276, Royse City, TX
      View Details
    • Contact for pricing
      1,800 SF

      Retail Property in Royse City

      Retail property available for sale in Royse City, Texas.
      117 E Main St, Royse City, TX 75189
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.28 acre pad site on high traffic highway.
    Where is this commercial land located?
    The property is located at 6407 Tx-66 Royse City, TX.
    What are key features of this property?
    This property features: - Prime 3.28 acre pad site on high traffic Highway 66.; - Located in the ETJ with room for potential development.; - Backs up to a planned 2,300 unit residential subdivision.
    Request Owner's contact information
    6407 Tx-66 Royse City, TX 75189
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6407 Tx-66
    Royse City, TX 75189
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    6407 Tx-66 Royse City, TX 75189
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kevin Weable, CCIM
    Real Estate License ID: 689810
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!