3389 Fm551 Fate, TX 75189
This exceptional 16-acre property presents a unique investment opportunity in the thriving Royse City area of Rockwall County, Texas. Located at 3389 FM551, zip code 75189, this expansive land parcel is zoned ETJ (Extraterritorial Jurisdiction) of the City of Rockwall. Its strategic location offers easy access to major transportation arteries, including I-30 and Highway 276, ensuring seamless connectivity to the broader Dallas-Fort Worth metroplex. The property is surrounded by established residential communities, indicating strong potential for future development. Furthermore, its proximity to the Rockwall Technology Park suggests significant growth prospects. The land's versatility allows for exploration of various development options, including agricultural, farm, or residential uses, subject to applicable zoning regulations and permits. Detailed information regarding pricing and further specifics is available upon request. This is a rare chance to acquire a substantial land holding in a rapidly developing area with excellent infrastructure and access. Don't miss this opportunity to secure a piece of Texas's vibrant real estate market. Contact us today to learn more.
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
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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.