Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Eustace, TX Unimproved Land Title is generated by Realmo AI

    000 Lance, Eustace, TX 75124

    View on Map
    Claim this Listing
    For Sale
    $140,000

    Unimproved Land - Eustace, TX

    Type:Unimproved Land
    Lot size:
    2.82 Acres
    Added:
    Apr 28, 2026
    Days on Market:
    35
    Last Refresh:
    Jun 1 at 1:06 pm

    Property Features for 000 Lance

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    013300100B2030
    Lot size
    2.82 Acres

    Utilities

    Water front features
    Canal (man Made), Creek, Lake Front, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Daniela Padilla

    Listing agent Daniela Padilla License #0789989

    Listing office TX Lake & Land Real Estate 1920 S 3rd St, Gun Barrel City, TX

    Listing date Apr 28, 2026

    MLS# 21182472 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

    • 2.81 acre lot near Cedar Creek Lake, offering ample space and a desirable location.
    • Water and electric are already available at the road, simplifying the building process.
    • Property is grandfathered in for septic installation, saving time and potential costs.
    • No HOA restrictions, providing freedom and flexibility in property use and development.
    • Close proximity to Cedar Creek Lake, renowned for excellent fishing opportunities.
    • Suitable for various building options, including a custom home, barndominium, or weekend cabin.

    Overview

    This 2.82-acre lot on Lance Ln in Eustace, TX, presents an opportunity to create a custom homesite. Water and electric utilities are available at the road, and the property is grandfathered in for septic installation. Located near Cedar Creek Lake, known for Crappie, Bass, and Catfish fishing, the property offers lake living without HOA restrictions. The lot is suitable for a custom home, a barndominium, or a weekend getaway cabin. Buyers are advised to verify all information regarding square footage, lot size, schools, taxes, restrictions, easements, zoning, utilities, and property condition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Auto Repair Shop Hotel & Motel Bar & Pub Garden Center Discount Store (Bike/Boat/Book/etc) Store Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eustace
    County
    Henderson
    State
    Texas
    Longitude
    -96.0299901
    Latitude
    32.2490512

    Nearby Similar for Sale

    • $310,000
      4,475 SF

      Versatile Commercial Property on Highway

      Commercial property with flexible space and highway frontage.
      449 HWY 175, Eustace, TX 75124
      View Details
    • $695,000
      2,140 SF

      Equestrian Estate with Upscale Barndominium

      Gated 15+ acre property with barndominium and equestrian amenities.
      15703 County Road 2854, Eustace, TX 75124
      View Details
    • $235,000

      Highway Frontage Land in Eustace

      5.66-acre tract on US Highway 175 with high visibility.
      527 US Highway 175, Eustace, TX 75763
      View Details
    • $1,539,500
      5,148 SF

      Versatile Property Near Highway 175

      48-acre property with two residences, ideal for multi-family living.
      419 US Highway 175 W, Eustace, TX 75124
      View Details
    • $248,000
      1,344 SF

      Eustace Homestead with Metal Building

      8-acre homestead with a metal building and endless possibilities.
      9960 County Road 2813, Eustace, TX 75124
      View Details
    • $109,000

      Unrestricted Land with Paved Frontage

      Five-acre unrestricted land tract with paved road frontage in Eustace, TX.
      0 Goodell Lane, Eustace, TX 75124
      View Details
    • $169,900

      Eustace, TX Unimproved Land

      7 acres of usable land near Eustace, Texas.
      0 County Road 2911, Eustace, TX 75124
      View Details
    • $1,400,000

      Eustace Land with Highway Frontage

      65 acres of pasture, hunting, and development land.
      601 US Highway 175 W, Eustace, TX 75124
      View Details
    • $495,000

      Eustace Land with Pond

      25.26 acres with pond, utilities, and development potential.
      3843 FM 1256, Eustace, TX 75124
      View Details
    • $174,900

      Land with Private Pond

      2.5 acres of land featuring a private pond.
      7204 Lance, Eustace, TX 75124
      View Details
    • $357,000

      20+ Acre Land Parcel

      Land perfect for building, cultivation, livestock, and grazing.
      0 County Road 2813, Eustace, TX 75124
      View Details
    • $495,000

      Eustace Land with Pond

      25.26 acres with pond, utilities, and development potential.
      3843 Fm 1256, Eustace, TX 75124
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.82 acre lot near Cedar Creek Lake.
    Where is this residential land & home lot located?
    The property is located at 000 Lance Eustace, TX.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: 2.81 acre lot near Cedar Creek Lake, offering ample space and a desirable location.; Water and electric are already available at the road, simplifying the building process.; Property is grandfathered in for septic installation, saving time and potential costs.
    (903) 802-7080
    We can help!
    Listing Contact
    Daniela Padilla
    Real Estate License ID: 0789989
    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
    000 Lance, Eustace, TX 75124
    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!