113 Cook St Royse City, TX 75189
This exceptional 0.5-acre commercial property in Royse City, Texas, presents a compelling investment opportunity. Located at 113 E Cook St, in Collin County (zip code 75189), this property boasts a prime location, only seven miles from I-30 and seventeen miles from Rockwall and Lake Ray Hubbard. Built in 1955, the existing structure on the site offers potential for conversion into retail or office space, providing immediate income potential or a foundation for new construction. The property is already zoned commercial, eliminating pre-development hurdles. Royse City's remarkable population growth, exceeding 225% between 2020 and 2022, underscores the area's significant economic expansion. This growth is further fueled by planned expansions of FM 6 (Cook St.) and the city's comprehensive development plan. This presents a rare chance to capitalize on the burgeoning commercial sector of a rapidly expanding Texas community. The asking price is $570,000. This is an ideal investment for entrepreneurs seeking to establish a business or investors looking for strong returns in a high-growth market.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.