Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    231 Highline Dr Royse City, TX 75189-5353

    • Commercial real estate
    • 581 SF
    • 1.74 lot acres
    OFF-MARKET
    Last Sale
    May 25, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2350891
    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.

    Current Use by Public Records

    • TTRVPARK 231 W Highline dr royse city tx 75189 / Campground & RV Park
    • Tina Do / Campground & RV Park

    Property Details for 231 Highline Dr

    Year built
    2015
    Construction
    WOOD
    Lot size
    1.74 lot acres
    Property size
    581 SF
    Property type
    Commercial real estate
    APN
    0142-0000-0016-01-0R
    APU
    014200000016010R

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Royse City
    County
    Rockwall
    State
    Texas
    Longitude
    -96.3026
    Latitude
    32.8995
    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
    2021
    $3,356
    $211,992
    $19,184
    $231,176
    -
    $211,992
    $19,184
    $231,176

    Comparable in this City

    • Value Estimation by Request
      1.60 Acres

      276 Swc Of Fm-548 & Hwy

      Land • 1.60 Acres
      276 Swc Of Fm-548 & Hwy, Royse City, TX 75189
      View Details
    • Value Estimation by Request
      24.00 Acres

      Cook St

      Farms • 24.00 Acres
      0 Cook St, Royse City, TX 75189
      View Details
    • Value Estimation by Request
      5.49 Acres

      5901 Fm 2642 Blvd

      Land • 5.49 Acres
      5901 Fm 2642 Blvd, Royse City, TX 75189
      View Details
    • Value Estimation by Request

      214 Elm St

      Land
      214 Elm St, Royse City, TX 75189
      View Details
    • Value Estimation by Request
      19.00 Acres

      Royse City, TX 75189

      COMMERCIAL (GENERAL) • 19.00 Acres
      Royse City, TX 75189
      View Details
    • Value Estimation by Request
      29.96 Acres

      Fm 548th Park

      COMMERCIAL (GENERAL) • 29.96 Acres
      Fm 548th Park, Royse City, TX 75189
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.01 Acres

      Royse City Commercial Land Tracts

      Prime I-30 & FM 2642 location. High-traffic, growth potential.
      I-30 & Fm 2642, Royse City, TX 75189
      View Details
    • Contact for pricing
      1.60 Acres

      Royse City Commercial Land - 1.596 Acres

      Prime Commercial Land, High-Traffic Intersection
      0 Swc Of Fm-548 & Hwy 276, Royse City, TX 75189
      View Details
    • Contact for pricing
      5.49 Acres

      Royse City Commercial Land Opportunity

      5.49-acre lot, prime commercial zoning.
      5901 Fm 2642 Blvd, Royse City, TX 75189
      View Details
    • $489,930
      47,998 SF

      Royse City Warehouse & Land Investment

      Prime Rockwall location, high visibility, development potential.
      111 Green Cir, Royse City, TX 75189
      View Details
    • Contact for pricing
      24.00 Acres

      Josephine, TX Land - 24 Acres

      Prime development land near new homes.
      0 Cook St, Royse City, TX 75189
      View Details
    • $1,800,000
      2.00 Acres

      Royse City Commercial Land - 2+ Acres

      High-traffic corner lot, development potential.
      0 Tx-276, Royse City, TX 75189
      View Details

    Similar Nearby for Lease

    • $41 SF/Yr
      10,000 SF

      Fate Retail Center: 10,000 SF Available

      High-traffic Royse City retail space. Lease 10,000 sq ft.
      0 Seq I-30 & Memoria, Royse City, TX 75189
      View Details
    • Contact for pricing
      199,308 SF

      Royse City Industrial Flex Space

      Two spaces available, I-30 access.
      6131 Interstate 30, Royse City, TX 75189
      View Details
    • Contact for pricing
      12,000 SF

      Retail Space in Royse City

      Retail space available for lease in Royse City, Texas.
      889 Erby Campbell Blvd, 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
      52,000 SF

      Royse City Flex Space Available

      10,400 SF Flex Space, Prime Location
      6723 I-30 Frontage Rd, 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
    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.
    231 Highline Dr
    Royse City, TX 75189-5353
    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

    Google sign-in failed. Please try again or use another login method.