Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    200 Sorrells Rd Royse City, TX 75189
    Back to Search
    Property profile & analytics

    200 Sorrells Rd, Royse City, TX 75189

    View on Map
    • Distribution centers
    • 4,064 SF
    Off-Market
    Property ID
    US82-2628860
    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

    • Distribution centers

    Property Details for 200 Sorrells Rd

    Property type
    Distribution centers

    Description

    This exceptional commercial property in Royse City, Texas, presents a unique investment opportunity. Situated on a prominent 5-acre-plus corner lot at 200 N Sorrells Road, this property boasts 420 feet of frontage on Highway 66 and 565 feet on Sorrells Road, ensuring high visibility and accessibility. The location offers convenient access to I-30, downtown Royse City, and downtown Fate. The property includes a 4,064 square foot warehouse and a substantial existing structure. This 2,264 square foot updated home features four bedrooms, three baths, and two living areas. Additionally, there's an 1800 square foot shop with a 600 square foot studio apartment or office, complete with a full bath. Currently zoned residential, rezoning is the responsibility of the buyer. The seller is open to subdividing the land; a preliminary development plat is available. The property is proposed for commercial and/or industrial mixed use, and its proximity to a proposed outer loop (verification required by the buyer) further enhances its potential. The asking price is $799,000. Direct entrance is off Sorrells Road, with the property facing Highway 66. The seller will consider subdividing and selling the front 3 acres, which would include the house but not the shop.

    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
    Rockwall
    State
    Texas
    Longitude
    -96.3566157
    Latitude
    32.9698301

    Comparable in this City

    • 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
    • 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
      View Details
    • Contact for pricing
      19,842 SF

      Modern Flex Warehouse Facility

      19,842 SF flex warehouse with office space for sale.
      3925 Ruger Dr, Royse City, TX 75189
      View Details
    • $1,190,000
      1.50 Acres

      Warehouse with Office & Storage

      Fully fenced warehouse with offices, conference space, and extended concrete for practical loading and storage flexibility.
      251 Southern Dr, Royse City, TX 75189
      View Details
    • Contact for pricing
      8,780 SF

      Royse City Flex Building

      Modern flex building on 1.56 acres with highway frontage.
      6684 Tx-276, Royse City, TX 75189
      View Details
    • Contact for pricing
      38,285 SF

      Royse City Industrial Property

      Multi-building industrial property on 1.84 acres in Royse City.
      1121 Industrial Dr, Royse City, TX 75189
      View Details

    Similar Nearby for Sale

    • 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
    • Contact for pricing
      19,842 SF

      Modern Flex Warehouse Facility

      19,842 SF flex warehouse with office space for sale.
      3925 Ruger Dr, Royse City, TX 75189
      View Details
    • Contact for pricing
      8,780 SF

      Royse City Flex Building

      Modern flex building on 1.56 acres with highway frontage.
      6684 Tx-276, Royse City, TX 75189
      View Details
    • $1,190,000
      1.50 Acres

      Warehouse with Office & Storage

      Fully fenced warehouse with offices, conference space, and extended concrete for practical loading and storage flexibility.
      251 Southern Dr, Royse City, TX 75189
      View Details
    • 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
      View Details
    • Contact for pricing
      38,285 SF

      Royse City Industrial Property

      Multi-building industrial property on 1.84 acres in Royse City.
      1121 Industrial Dr, Royse City, TX 75189
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      65,776 SF

      New Industrial Warehouse Facility

      Newly constructed metal warehouse with functional space, restrooms, and ample parking for distribution, storage, and light industrial use.
      2833 Winchester Dr, Rockwall, TX 75189
      View Details
    • Contact for pricing
      8,600 SF

      Versatile Flex Space in Royse City

      8,600 SF flex space with warehouse and office/showroom areas.
      4752 State Highway 276 W, Royse City, TX 75189
      View Details
    • Contact for pricing
      2,800 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
    • Contact for pricing

      Land Available For Lease

      Land available for lease at 1210 Memorial Pkwy, Royse City, TX.
      1210 Memorial Pkwy, Royse City, TX 75189
      View Details
    • Contact for pricing

      Retail Space and Pad Sites

      Located at the northwest corner of Interstate 30 and FM-2642.
      5010 Interstate 30, Royse City, TX 75189
      View Details
    • Contact for pricing

      Retail Development Opportunity Near I-30

      Retail spaces available near Lowe's and Walmart in Royse City.
      672 I-30 Frontage Rd, Royse City, TX 75189
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    200 Sorrells Rd
    Royse City, TX 75189
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    200 Sorrells Rd, Royse City, TX, 75189
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!