Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Land in Historic District Title is generated by Realmo AI

    0 Lamar Street, Roanoke, TX 76262

    View on Map
    Claim this Listing
    For Sale
    $399,000

    Unimproved Land - Roanoke, TX

    Type:Unimproved Land
    Lot size:
    0.33 Acres
    Added:
    Aug 17, 2025
    Days on Market:
    287
    Last Refresh:
    May 30 at 12:06 pm

    Property Features for 0 Lamar Street

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R684939
    Lot size
    0.33 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Steve Koleno

    Listing agent Steve Koleno License #0779766

    Listing office Beycome Brokerage Realty LLC 5701 Sunset Dr, Miami, TX

    Listing date Aug 17, 2025

    MLS# 20922940 Listing URL

    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.

    HighLights

    • City‑approved architectural plans available for a 3000 sqft home, 3‑car garage, pool, and pool house/office.
    • Prime location in Roanoke's Downtown Old Historic District, just one block from Oak Street's restaurants, shops, and live music.
    • Versatile 0.325‑acre mixed‑use lot suitable for residential, retail, or office space.
    • No HOA fees.
    • Centrally located between Dallas and Fort Worth, with easy access to DFW Airport (15 minutes).
    • Excellent schools.

    Overview

    This 0.325-acre mixed-use flag shape lot presents a rare opportunity in Roanoke. Suited for residential, boutique retail, office, or a combination of uses, the property is located just one block off Oak Street in Roanoke’s vibrant and fast-growing Downtown Old Historic District. The location offers convenient access to restaurants, shops, and live music venues. The seller has city-approved architectural plans for a 3000 sqft home with a 3-car garage, pool, pool house, and office, available upon request. New townhomes backing to this lot have been sold, and there is no HOA. The property is centrally located between Dallas and Fort Worth, and 15 minutes from DFW Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Roanoke
    County
    Denton
    State
    Texas
    Longitude
    -97.229945
    Latitude
    32.99694

    Nearby Similar for Sale

    • $3,995,000
      9,542 SF

      Roanoke Commercial Property with Restaurant

      Commercial property in Roanoke, TX, featuring a restaurant and offices.
      504 N Oak Street, Roanoke, TX 76262
      View Details
    • $1,075,000

      Luxury Garage with Premium Features

      Turn-key luxury garage with high-end amenities and equipment included.
      1725 N HWY 377, Roanoke, TX 76262
      View Details
    • $1,995,000

      Roanoke Hilltop Land with Views

      5.918 acres in Roanoke, TX with 360-degree views.
      14742 Allen Trail, Roanoke, TX 76262
      View Details
    • $749,000

      Keller Estate-Size Homesite Opportunity

      Rare opportunity to build in established Keller neighborhood.
      2001 Tranquil Court, Keller, TX 76262
      View Details
    • $315,000

      Roanoke Land Opportunity

      Land for sale in the heart of Roanoke, Texas.
      300 Linda Street, Roanoke, TX 76262
      View Details
    • $2,000,000

      Roanoke Land Parcel for Custom Home

      4.7+ acre land parcel for custom home in Roanoke, TX.
      14362 Chaparral Lane, Roanoke, TX 76262
      View Details
    • $5,358,000
      11,320 SF

      Roanoke Retail Center For Sale

      Multi-tenant retail center in Historic Downtown Roanoke, Texas.
      101 S Oak St, Roanoke, TX 76262
      View Details
    • $94,900

      Residential Land in Roanoke, Texas

      Unimproved residential lot ready for development near downtown Roanoke.
      117 Sycamore Lane, Roanoke, TX 76262
      View Details
    • $2,000,000

      Roanoke Land Auction Opportunity

      Unimproved land available for purchase via auction in Roanoke, TX.
      Tbd Bobcat Road, Roanoke, TX 76262
      View Details
    • $260,000

      Corner Lot with Utilities

      Residential land with utilities accessible in Roanoke, Texas.
      154 Lakeview Road, Roanoke, TX 76262
      View Details
    • $200,000

      Roanoke Commercial Lot For Sale

      Commercial lot with high traffic and visibility near Hwy 377.
      Lot 2 James Street, Roanoke, TX 76262
      View Details
    • $119,900

      Residential Land in Roanoke, TX

      Unimproved land suitable for building a home or investment property.
      130 Hackberry Lane, Roanoke, TX 76262
      View Details

    FAQs

    What type of property is this?
    Land - 0.325-acre mixed-use lot in Roanoke's vibrant downtown.
    Where is this land located?
    The property is located at 0 Lamar Street Roanoke, TX.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: City‑approved architectural plans available for a 3000 sqft home, 3‑car garage, pool, and pool house/office.; Prime location in Roanoke's Downtown Old Historic District, just one block from Oak Street's restaurants, shops, and live music.; Versatile 0.325‑acre mixed‑use lot suitable for residential, retail, or office space.
    (804) 656-5007
    We can help!
    Listing Contact
    Steve Koleno
    Real Estate License ID: 0779766
    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.
    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

    Thank You for Inquiry
    0 Lamar Street, Roanoke, TX 76262
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!