Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1529-5 Garza Ln Little Elm, TX 75068

    View on Map
    Sponsored
    For Sale
    $4,900,000

    Unimproved Land - Little Elm, TX

    Type:Unimproved Land
    Lot size:
    4.00 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 6 at 12:06 am

    Property Features for 1529-5 Garza Ln

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    1026794
    Exterior features
    Basketball Court, Tennis Court(s), Other
    Lot size
    4.00 Acres

    Utilities

    Water front features
    Beach Access, Lake Front – Main Body, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other
    Additional Structures
    Tennis Court(s)

    We can help!

    Listing Contact
    Eric Hancock

    Eric Hancock Brokerage (214) 282-5263

    Listing agent Eric Hancock (214) 282-5263 License #0440632

    Listing date Mar 5, 2026

    MLS# 21182643 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.

    Learn more

    Property Insight Report

    Overview

    Lake Lewisville Waterfront Land

    This four-acre property features three build sites with open water views. The location offers views from almost every angle, including sunrises, moonrises, and sunsets, as well as southern breezes and views of the Downtown Dallas skyline at night. The property includes large oak trees, a gated entrance, a ramp, additional buildings, and a resurfaced tennis court. There is no HOA. It is located on Lake Lewisville.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Department Store Storage Facility HVAC Service Grocery & Convenience Store Cosmetic Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Elm
    County
    Denton
    State
    Texas
    Longitude
    -96.98330158
    Latitude
    33.13036391

    Nearby Similar for Sale

    • New
      $750,000
      1,198 SF

      Road-Front Retail Condo Investment

      Retail condo in Frisco's growing corridor, leased until 2033.
      25691 Smotherman Rd, Little Elm, TX 75034
      View Details
    • $419,000
      9.70 Acres

      Prime Office/Retail Location

      Excellent location suitable for various businesses, medical use, or retail.
      2601 Little Elm Pkwy, Little Elm, TX 75068
      View Details
    • $430,000
      0.03 Acres

      Modern Office Suite in Little Elm

      New office suite near FM 720 and FM 423 intersection.
      2601 Little Elm Pkwy, Little Elm, TX 75068
      View Details
    • $419,999
      8.00 Acres

      Elm Ridge Corner Office Condo

      Corner office condo in Little Elm with numerous upgrades.
      2601 Little Elm St Pkwy, Little Elm, TX 75068
      View Details
    • $575,000
      2,982 SF

      Little Elm Duplex with Upgrades

      Spacious duplex in a rapidly growing area, great investment opportunity.
      430 Woodgrove Dr, Little Elm, TX 75068
      View Details
    • $455,000

      Waterfront Property Adjoining Corps Land

      Rare waterfront property with creek and Corps of Engineers access.
      6537 Shoreline Dr, Little Elm, TX 75068
      View Details
    • Contact for pricing

      Office/Warehouse with FM 720 Frontage

      Office/warehouse with storage and frontage on FM 720.
      2423 Oak Grove Pkwy, Little Elm, TX 75068
      View Details
    • Contact for pricing
      11,602 SF

      Restaurant/Retail and Medical Space

      Restaurant/Retail and Medical space available for sale.
      1180 E Eldorado Pkwy, Little Elm, TX 75068
      View Details
    • Contact for pricing
      35,520 SF

      Retail Property Near Major Anchors

      Retail property near HEB and upcoming Walmart.
      760 Gordon Hts Ln, Little Elm, TX
      View Details
    • Contact for pricing

      Two-Story Duplex with Income Potential

      Two-story duplex featuring modern living, ideal for investors.
      268 Castleridge Dr, Little Elm, TX 75068
      View Details
    • $529,900
      2,982 SF

      Duplex in Growing Community

      Spacious duplex in Little Elm, ideal for multi-generational living.
      338 Castleridge Dr, Little Elm, TX 75068
      View Details
    • Contact for pricing
      13,800 SF

      Eldorado Pkwy Retail Opportunity

      Little Elm Restaurant/Office Space
      1000 Eldorado Pkwy, Little Elm, TX 75068
      View Details

    FAQs

    What type of property is this?
    Land - Four-acre waterfront land with open water views on Lake Lewisville.
    Where is this land located?
    The property is located at 1529-5 Garza Ln Little Elm, TX.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: - Three build sites on four acres.; - Largest expansion of open water on Lake Lewisville with southern exposure.; - **Stunning views of sunrise, moonrise, sunset, and Downtown Dallas.**
    (214) 282-5263
    Request Owner's contact information
    1529-5 Garza Ln Little Elm, TX 75068
    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.
    1529-5 Garza Ln
    Little Elm, TX 75068
    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
    1529-5 Garza Ln Little Elm, TX 75068
    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

    We can help!
    Listing Contact
    Eric Hancock
    Real Estate License ID: 0440632
    (214) 282-5263
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!