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    1303 Industrial Dr Royse City, TX 75189-5415
    Property profile & analytics

    1303 Industrial Dr Royse City, TX 75189-5415

    View on Map
    • Manufacturing properties
    • 6,335 SF
    • 0.92 lot acres
    Off-Market
    Last Sale Oct 22, 2021
    Property ID
    US82-4614464
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Texas Cabinets Direct / Hardware & Home Improvement / Furniture & Home Goods
    • Texas Cabinets | Submit Your Project / General Contractor / Renovation Specialist
    • K & K Chemical Co / Department Store

    Property Details for 1303 Industrial Dr

    Year built
    1984
    Lot size
    0.92 lot acres
    Property size
    6,335 SF
    Zone code
    IND
    Property type
    Manufacturing properties
    APN
    R-1113-000-0070-1
    APU
    R111300000701

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Royse City
    County
    Collin
    State
    Texas
    Longitude
    -96.3044
    Latitude
    32.9851
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $554
    $119,964
    $131,363
    $251,327
    -
    $119,964
    $131,363
    $251,327

    Comparable in this City

    • Value Estimation by Request
      12,375 SF

      1021 Industrial Dr

      MANUFACTURING (LIGHT) • 12,375 SF
      1021 Industrial Dr, Royse City, TX 75189-5409
      View Details
    • Value Estimation
      $505,000
      17,225 SF

      1201 Industrial Dr

      MANUFACTURING (LIGHT) • 17,225 SF
      1201 Industrial Dr, Royse City, TX 75189
      View Details
    • Value Estimation
      $625,000
      21,192 SF

      Industrial Dr

      MANUFACTURING (LIGHT) • 21,192 SF
      Industrial Dr, Royse City, TX 75189
      View Details
    • Value Estimation by Request
      15,775 SF

      1012 Industrial Dr

      MANUFACTURING (LIGHT) • 15,775 SF
      1012 Industrial Dr, Royse City, TX 75189-5401
      View Details
    • Value Estimation
      $835,000
      22,140 SF

      Industrial Dr

      MANUFACTURING (LIGHT) • 22,140 SF
      Industrial Dr, Royse City, TX 75189
      View Details
    • Value Estimation
      $930,000
      37,760 SF

      1112 Industrial Dr

      MANUFACTURING (LIGHT) • 37,760 SF
      1112 Industrial Dr, Royse City, TX 75189-5407
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      38,285 SF

      Industrial Investment Opportunity in Royse

      38,285 SF industrial property in Royse City, Texas.
      1121 Industrial Dr, Royse City, TX 75189
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    • $1,950,000
      12,020 SF

      Industrial Warehouses on 1.49 Acres

      Two warehouse buildings on 1.49 acres in Royse City, TX.
      5882 State Highway 276, Royse City, TX 75189
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    • Contact for pricing
      12,020 SF

      Industrial Warehouses on Fenced Acres

      Two industrial warehouse buildings on 1.49 fenced acres.
      5882 State Highway 276, Royse City, TX 75189
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    • Contact for pricing
      38,285 SF

      Royse City Industrial Property

      Multi-building industrial property on 1.84 acres in Royse City.
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      19,842 SF

      Modern Flex Warehouse Facility

      19,842 SF flex warehouse with office space for sale.
      3925 Ruger Dr, Royse City, TX 75189
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    • Contact for pricing
      1,497 SF

      Land with Warehouse and Building

      Land featuring a main building and a warehouse.
      251 Fm 1138, Royse City, TX 75189
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,500 SF

      Royse City Flex/Industrial Space

      2,800 SF flex/industrial space available for lease.
      5504 County Road 2646, Royse City, TX 75189
      View Details
    • $12,000 /Mo
      121,097 SF

      I-30 Frontage Industrial Flex Space

      9,000 SF industrial flex/warehouse space on 2.78 acres.
      6565 Blackland Rd, Royse City, TX 75189
      View Details
    • $1,550 /Mo
      4,356 SF

      Royse City Commercial Space

      Flexible commercial space suitable for office, retail, or industrial use.
      6441 State Highway 276 W, Royse City, TX 75189
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space Available For Rent

      1,300 SF retail space available in Royse City, TX.
      921-931 Erby Campbell Blvd, Royse City, TX 75189
      View Details
    • Contact for pricing
      1,760 SF

      Office Space in Royse City

      Office space available for rent in Royse City, Texas.
      501 S Elm St, Royse City, TX 75189
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease in Fate, TX. Q3 2025.
      Seq I-30 & Memoria, Fate, TX 75189
      View Details
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    Royse City, TX 75189-5415
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    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.

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