Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    High-Visibility Commercial Development Land Title is generated by Realmo AI

    State Highway 276 Hwy, Royse City, TX 75189

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $750,000

    LAND - Royse City, TX

    Lot size:
    7.58 Acres
    Added:
    May 23, 2026
    Days on Market:
    14
    Last Refresh:
    Jun 5 at 10:06 am

    Property Features for State Highway 276 Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    60886
    Lot size
    7.58 Acres

    Taxes and HOA fees

    Tax Description
    ABS A0045, J H BAILEY, TRACT 3-4, 7.58 ACRES LOT 1

    We can help!

    Listing Contact
    Sergio Bazan

    Listing agent Sergio Bazan License #0593221

    Listing office RE/MAX New Horizon Mesquite, TX

    Listing date May 23, 2026

    MLS# 21175696

    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

    • Unimproved 7.58‑acre tract in Royse City, Rockwall County
    • Frontage along State Highway 276
    • Property is located outside all flood zones
    • Vacant land with commercial zoning potential for light industrial or commercial use along the highway
    • Minutes from I‑30 for convenient access

    Overview

    An unimproved 7.58-acre tract presented as a flexible development opportunity with strong highway frontage and high visibility. The property’s current offering is for vacant land, allowing buyers to pursue their own planning and site improvements. Public remarks also indicate the land is well suited for commercial and light industrial development, with the added note that the site may support future residential use depending on approvals.

    The property is positioned along State Highway 276 in Rockwall County and is described as outside all flood zones. Access is highlighted by its convenience to I-30, located just minutes away, supporting practical connectivity for commercial uses and future residents.

    From an investor or developer standpoint, this site’s combination of visibility, highway-oriented location, and flood-zone status can support a range of development approaches consistent with the stated potential for light industrial or commercial use along the highway. The flexibility described in the remarks makes it a strong candidate for buyers looking for a versatile land holding in a growing area.
    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

    • $1,299,000

      Auto Repair Metal Building

      Operating auto repair facility with strong visibility and accessibility, supported by TxDOT traffic for lasting commercial demand.
      9718 State Highway 276, Royse City, TX 75189
      View Details
    • $849,000

      Commercial Development Land Near Interstate

      Expansive acreage with strong proximity to Interstate 30 and Royse City growth drivers for retail, office, or mixed-use.
      5901 FM 2642, Royse City, TX 75189
      View Details
    • $849,000

      Growth-Corridor Development Land

      A large commercial acreage near I-30 and major planned retail developments, well-suited for future retail or mixed-use projects.
      5901 FM 2642, Royse City, TX 75189
      View Details
    • $3,699,000

      Commercial Land with Major Road Frontage

      Expansive acreage with substantial road frontage and city water and sewer access, ideal for flexible development or ranch use.
      Crenshaw Road, Royse City, TX 75189
      View Details
    • $1,600,000

      Ag-Exempt Ranch with Pond & Creek

      116-acre ranch with rolling hills, ag-exempt land, and a year-round creek—supported by barns and city utilities.
      1396 Cemetery Road, Royse City, TX 75189
      View Details
    • $995,000

      Retail Development Land with I-30 Frontage

      Develop-ready retail land with extensive I-30 visibility and utility connections for a build-to-suit opportunity.
      E i-30 E, Royse City, TX 75189
      View Details
    • $1,149,000

      Commercial Land Development Site

      Prime Royse City tract on Highway 66, suited for a range of commercial development plans.
      HIGHWAY 66, Royse City, TX 75189
      View Details
    • $2,000,000

      Commercial Land Behind Major Fuel Anchor

      High-traffic commercial land positioned behind an Exxon station, with platted requirements and retail zoning to verify with the City.
      190 FM 1138, Royse City, TX 75189
      View Details
    • $2,900,000

      Development Land with Major Road Frontage

      Large, flexible acreage with substantial road frontage and utilities access outside the floodplain.
      47.69+- Crenshaw Road, Royse City, TX 75189
      View Details

    FAQs

    What type of property is this?
    Commercial land - Unimproved tract with strong highway frontage and visibility, offering flexible development potential outside flood zones.
    Where is this commercial land located?
    The property is located at State Highway 276 Hwy Royse City, TX.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Unimproved 7.58‑acre tract in Royse City, Rockwall County; Frontage along State Highway 276; Property is located outside all flood zones
    (214) 704-0802
    We can help!
    Listing Contact
    Sergio Bazan
    Real Estate License ID: 0593221
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    State Highway 276 Hwy, Royse City, TX 75189
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!