# 196 Fm 1138, Fate, TX 75189

> **TL;DR:** commercial, $459,000. Est. $2,455/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $459,000 |
| Lot Size | 130,680 sqft (3.00 acres) |
| Stories | 1 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,321 |
| Estimated Insurance | $134 |
| **Total** | **$2,455** |

## Property Highlights

- 3.00 acre lot

## Description

### Agent 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.

## Location

- **Address:** 196 Fm 1138, Fate, TX 75189
- **County:** Rockwall
- **Neighborhood:** Leisure Land
- **Coordinates:** 32.969061, -96.370424
- **Google Maps:** https://www.google.com/maps?q=32.969061,-96.370424

## Virtual Tour & Media

- **Video Tour:** https://www.propertypanorama.com/instaview/ntreis/21361934

## Listing Agent

- **Name:** Rod Holland
- **Brokerage:** Keller Williams Realty Rockwall
- **Phone:** (972) 772-7000
- **Broker Phone:** (972) 772-7000
- **Listing URL:** [View original listing](https://listings.listhub.net/pages/NTREIS/21361934/?channel=propsimple)

## Photos

![196 Fm 1138 - Photo 1](http://lh.rdcpix.com/31b38350ca4ee60029af0363772478c3l-f3807783948r.jpg)

![196 Fm 1138 - Photo 2](http://lh.rdcpix.com/31b38350ca4ee60029af0363772478c3l-f4024041858r.jpg)

![196 Fm 1138 - Photo 3](http://lh.rdcpix.com/31b38350ca4ee60029af0363772478c3l-f2423099582r.jpg)

![196 Fm 1138 - Photo 4](http://lh.rdcpix.com/31b38350ca4ee60029af0363772478c3l-f3144863469r.jpg)

---

**MLS#:** 21361934 | **Updated:** 2026-08-19
**Source:** listhub

*Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/196-fm-1138-fate-tx-75189-21361934)

---

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