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$459,000 Just Listed
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Property Description
This 3-acre tract i s located just off the hard corner of FM 1138 and State Highway 66 with over 20,000 vehicles per day. The property features all utilities on- site including water, electric, and septic. Situated outside of city limits with no flood zone, the property is ready for development and would be suitable for a light industrial or flex space. Surrounding retailer s include Exxon, Ponderosa Pet Resort, Pasturas Los Alazanes and more.
Full Property Details
Full Property Details for 196 FM 1138
General
- Price: $459,000
- Taxes: $2,717
- Status: Active
- Type: Store
- Source: NTREIS
- MLS ID: 21361934
- Updated: 8/17/2026
- Added to Site: Today
Business
- Business Type: Other, Storage
Location
- County: Rockwall
- Subdivision: Leisure Land
- Driving Directions: Please follow GPS.
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- Sewer: Septic Tank
- Utility Description: Electricity Available, Septic Available
Structural Information
- Detached/Attached: Detached
- Stories/Levels: 1
- Square Feet: 1,440
- Sq. Ft. Source: Assessor
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 3
- Lot Size (Sq. Ft.): 130,680
- Lot Size Source: Assessor
- Lot Features: Acreage, Cleared, Interior Lot, Few Trees
- Zoning: Commercial
Financial Considerations
- Tax Amount: $2,717
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: LEISURE LAND, BLOCK C, LOT 5A, ACRES 3
- Inclusions: Land Only
- Property ID: 18590
- Block: C
- Lot Number: 5A
Listed by Keller Williams Rockwall, Rod Holland
Get Pre-Approved Today
Schools
Schools serving 196 FM 1138
School District:Royse City Independent School District
| Name | Grades | Distance |
|---|---|---|
Davis Elementary School, Royse City, TX 1500 Fm 1777 Bulldog Blvd, Royse City, TX 75189 | K-5 | 3.1 mi |
Royse City Middle School 1310 E Hwy 66, Royse City, TX 75189 | 6-8 | 3.3 mi |
Royse City High School 700 Fm 2642, Royse City, TX 75189 | 9-12 | 4.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 196 FM 1138
Date
Details
Price
Change
Source
8/17/2026
Listed
$459,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 196 FM 1138
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,717
—
$151,204
—
2025
$2,717
37%
$151,216
1%
2021
$1,988
—
$149,047
18%
2021
$1,988
24%
$126,840
35%
2020
$1,601
-7%
$94,060
21%
2018
$1,720
—
$78,030
4%
2018
$1,720
-19%
$75,140
-18%
2017
$2,119
425%
$91,690
364%
2016
$404
-1%
$19,760
—
2015
$409
-75%
$19,820
-74%
2019
$1,633
294%
$75,110
276%
2013
$414
—
$19,980
—
2013
$414
—
$20,030
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 196 FM 1138
196 Fm 1138, Fate, TX 75189 (MLS# 21361934) is a Store property. 196 Fm 1138 is currently listed for $459,000 and was received on August 17, 2026. Want to learn more about 196 Fm 1138? Do you have questions about finding other Store real estate for sale in Fate? You can browse all Fate real estate or contact a Coldwell Banker agent to request more information.

