196 Fm 1138 Fate, TX 75189
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.
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.
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.