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    1121 Industrial Dr Royse City, TX 75189

    For Sale
    Contact for pricing

    Five-building industrial complex, 100% occupied.

    Property size:
    38,285 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional value-add investment opportunity encompasses a 38,285-square-foot industrial portfolio situated on a 1.84-acre lot in Royse City, Texas. The property consists of five single-story buildings, each contributing to a cohesive industrial complex. Currently 100% occupied by a long-standing plastic manufacturing tenant, this property presents a compelling investment prospect due to the tenant's below-market rent, with an upcoming lease renewal. The buildings feature multiple shops equipped with heavy power, convenient grade-level doors, and a single loading dock. An additional office building enhances the functionality of the complex. Zoned for Light Industrial use, this property enjoys a prime location within Royse City's Industrial District, offering easy access to Interstate 30 via Industrial Drive. Built in 1984, this property offers a blend of established infrastructure and significant upside potential. The property's strategic location and the tenant's lease renewal provide a unique opportunity for investors seeking strong returns in a thriving Texas market. The property's features include five units, one loading dock, and ample space for manufacturing and distribution activities. This is a rare opportunity to acquire a well-located, income-producing industrial property with significant value-add potential.

    Property Features for 1121 Industrial Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    38,285 SF
    Lot Size
    80,150 SF

    Building Details

    Year Built
    1984
    Buildings
    5
    Stories
    1
    Units
    5
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    J & M Plastics ... Plastic Fabrication Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Kitchen & Bath Department Store HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Royse City
    County
    Collin
    State
    Texas
    Longitude
    -96.303765325619
    Latitude
    32.983518748556

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    FAQs

    What type of property is this?
    Distribution property - Five-building industrial complex, 100% occupied.
    Where is this distribution property located?
    The property is located at 1121 Industrial Dr Royse City, TX.
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    Realmo Value Estimation

    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.

    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.

    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
    1121 Industrial Dr Royse City, TX 75189
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