299 Munson Rd Royse City, TX 75189
This exceptional 2.43-acre property, located at 299 S Munson Rd, Royse City, Texas 75189, presents a unique investment opportunity. Situated in a high-traffic area off SH 276, east of Rockwall, this unzoned land offers remarkable versatility. The property boasts a substantial 60x125 shop, complete with an office and living quarters, featuring full air conditioning and heating. Ideal for various uses, including car restoration, contractor operations, or other commercial ventures, this building provides ample space and functionality. The existing mobile home on the site presents potential for additional rental income. Utilities are readily available, including a water meter, two electric meters, and septic system. Providers include Cash Water, Farmers Electric, and AT&T Internet. The property's accessibility from both SH 276 and Munson Road ensures high visibility and convenient access. Its location outside the Rockwall ETJ and unzoned status allow for a wide range of potential commercial, industrial, office, retail, or sales-oriented uses. This property is being offered for $1,799,000.
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
Similar Nearby for Sale
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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.