0 Cook St Royse City, TX 75189
This exceptional 24-acre property presents a compelling investment opportunity in Josephine, Texas. Strategically located on FM 6, it enjoys approximately 30 feet of road frontage and is directly adjacent to DR Horton's Magnolia Point Subdivision, a thriving residential community. The property's location offers easy access to the proposed route of the Collin County Outerloop (less than approximately 3 miles away), further enhancing its potential. A portion of this land falls within Josephine city limits and is zoned Single Family Residential, making it ideal for immediate development or a long-term buy-and-hold strategy. The property's agricultural exemption adds to its versatility. Utilities are readily available, with water and electric services accessible, though septic systems are required. This unique offering also includes the option to acquire an additional approximately 5-acre tract with FM 6 road frontage, providing even greater development flexibility. This is a rare chance to capitalize on the continued growth of Josephine and its prime location within Collin County. The combined acreage offers significant potential for residential or mixed-use development, given its proximity to existing residential areas and convenient access to major roadways.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.