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Property profile & analytics
OFF-MARKET
Commercial real estate

196 Fm 1138 Fate, TX 75189

3 ac lot
Property ID
US82-3393351
Property summary
AI-generated overview

This exceptional 3-acre commercial and industrial land parcel presents a remarkable development opportunity in Fate, Texas. Strategically located just off the hard corner of FM 1138 and State Highway 66, this property benefits from high visibility and exceptional daily traffic exceeding 20,000 vehicles. All essential utilities—water, electric, and septic—are conveniently located on-site, simplifying development plans. The property's location outside city limits eliminates potential city regulations and offers significant cost savings. Further enhancing its appeal, this land is situated outside any designated flood zone, mitigating risk and streamlining the building process. The site is primed for light industrial or flex space development, aligning perfectly with the area's growth trajectory. Nearby established businesses include Exxon, Ponderosa Pet Resort, and Pasturas Los Alazanes, indicating a thriving commercial environment. This 3-acre tract in Rockwall County, zip code 75189, offers a unique blend of accessibility, utility, and development potential, making it an ideal investment for discerning buyers. The property's address is 196 FM 1138, Fate, TX.

Property profile
Verified
Property type Commercial real estate
Lot 3 ac (130,680 SF)
UPID US82-3393351
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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