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Days109Days on Market
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$839,500

$850,000

6503 State Highway 66, Royse City, TX, 75189

On MarketInfo
CommercialInfo
Price DropInfo
Baths1,128 Sq Ft
RetailRetail
Year BuiltBuilt in 1971

Highlights

Interior

Heating GasHeating Gas
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size37,026 sqft

Building Information

Year Built1945
Stories1
Roof Type127

Land Information

APN0851-R190-0000-91
SubdivisionPrewitt Joseph
Land UseAgriculture / Farming
Legal DescriptionA0851 PREWITT JOSEPH,TRACT R19, ACRES .85
Census Tract961401
Assessed Land Value$59,120
Assessment Year2025

About this property

Exceptional opportunity to acquire this 1.1-acre tract ideally positioned just north of FM-2642 on State Highway 66, with over 200 feet of highway frontage. This high visibility site benefits from a daily traffic count of 10,000+ vehicles, making it a strategic investment within a rapidly expanding community. Just minutes from Buc-ee's, Walmart, Lowes and other major retailers; Royse City's historic Main Street; and the future Royse City Town Center development at I-30 & FM-2642 with highly anticipated anchors. This unincorporated parcel is located outside city limits and the ETJ, with no floodplain, allowing for a wide range of development opportunities. The property includes an income generating, fully leased 7-space food truck court with electric and water connections. There is also a residence which is currently leased as retail (interior photos are from before it was leased). Current income: $6150 monthly, $73,800 annually. This property is positioned for long-term growth and flexible use potential for investors looking to capitalize on this area's explosive expansion.

Investor Tools

Property Icon
$277,000
Estimated Property Value
$0Estimated Mortgage Balance
$277,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,037 /month
Positive
Cash Flow Estimate:
$1,679 /month

Interested in this property?

Lorilee Huston

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$142/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$323
$59,120
2025
$59,120
N/A
$59,120
No

Tax History

Year
Tax Paid
Assessed Value
2024
$323
$59,120

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$456,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Royse City

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6503 State Highway 66 | Property Details | No Agent List