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    111 Green Cir Royse City, TX 75189

    For Sale
    $489,930

    Prime Rockwall location, high visibility, development potential.

    Property size:
    47,998 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 47,998 square foot property, located at 111 Green Circle in Royse City, Texas, presents a unique investment opportunity. Situated on a hard corner at the intersection of SH 276 and Green Circle (FM 551), this property boasts over 400 feet of frontage on SH 276, ensuring high visibility and accessibility. Currently zoned for agricultural use (AG), the future land use designation by the city of Rockwall is for office and retail development, making it ideal for a variety of commercial ventures. The asking price is $489,930, reflecting the significant land value. While the property includes a 3-1-2 residence that could generate rental income, the primary focus is on its development potential. The Texas Department of Transportation (TXDOT) is planning to widen SH 276 and has already acquired land for this expansion, further enhancing the property's long-term value. Detailed flood maps and TXDOT surveys are available in the transaction documents. This is a rare opportunity to acquire a strategically located property with significant development potential in a rapidly growing area. The property's location within the city limits of Rockwall, Texas, and its proximity to major transportation arteries, makes it an attractive investment for both short-term and long-term growth.

    Property Features for 111 Green Cir

    General Information

    Property type
    Distribution properties
    Square Feet
    47,998 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Nail Salon Clothing Store Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Royse City
    County
    Rockwall
    State
    Texas
    Longitude
    -96.3695072
    Latitude
    32.9033761

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    FAQs

    What type of property is this?
    Distribution property - Prime Rockwall location, high visibility, development potential.
    Where is this distribution property located?
    The property is located at 111 Green Cir Royse City, TX.
    What is the asking price?
    The asking price for this property is $489,930.
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    111 Green Cir Royse City, TX 75189
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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
    111 Green Cir Royse City, TX 75189
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