Sign Up Successful!
You now have access to more from Realmo!
    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

    2701 Ames Rd Lancaster, TX 75134

    Sponsored
    For Sale
    $488,000

    Unimproved Land - Lancaster, TX

    Type:Unimproved Land
    Lot size:
    5.90 Acres
    Days on Market:
    140
    Last Refresh:
    Jan 25 at 1:06 am

    Property Features for 2701 Ames Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    65131106510210000
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    5.90 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Joseph Kalka
    Joseph Kalka

    Guildford LTD dba Keller Williams Realty (972) 732-6000

    Listing agent Joseph Kalka (972) 732-6000 License #0575471

    Listing date Sep 8, 2025

    MLS# 20735062 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

    Residential Development Land in Lancaster

    This 5.9-acre land parcel is available for residential development in Lancaster, Texas, situated in southern Dallas County. Located in the southeast quadrant of Interstate 20 and Interstate 35, the property benefits from its accessibility, with a 5-minute drive to both interstates. The City of Lancaster zoning permits up to 6 built units per acre. The land is adjacent to single-family housing. The vegetation primarily consists of brush and small saplings, with relatively few mature trees. A major new commercial development is located nearby. The property is intended for residential development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Dallas
    State
    Texas
    Longitude
    -96.791136
    Latitude
    32.619233

    Nearby Similar for Sale

    • $160,000
      0.16 Acres

      Versatile Commercial Property Near Downtown

      Adaptable commercial space with potential for various business ventures.
      509 E 3Rd St, Lancaster, TX 75146
      View Details
    • $1,250,000
      1,282 SF

      Lancaster Ranch with Mineral Rights

      25-acre ranch in Lancaster, TX, outside city limits, no restrictions.
      1302 Wilson Rd, Lancaster, TX 75146
      View Details
    • $499,000
      0.04 Acres

      Established Dental Practice on Square

      Remodeled dental practice in a historic building on Lancaster Square.
      189 Historic Town Sq, Lancaster, TX 75146
      View Details
    • $425,000
      4,200 SF

      Lancaster Retail Building with Suites

      Retail building in Lancaster, TX with income potential.
      1010 N Dallas Ave N, Lancaster, TX 75146
      View Details
    • $459,900
      0.20 Acres

      Clean Duplex in Residential Area

      2005 duplex with updates, ideal for investors or owner-occupants.
      2760 Pike Dr, Lancaster, TX 75134
      View Details
    • $675,000
      0.37 Acres

      New Warehouse and Office Development

      New mixed-use warehouse and office space in Lancaster, Texas.
      3350 Balomede St, Lancaster, TX 75134
      View Details
    • $3,400,000

      Lancaster Horse Farm on 28 Acres

      28 acre horse farm near I35 and 20 in Lancaster, TX.
      2105 N Houston School Rd, Lancaster, TX 75134
      View Details
    • $600,000

      Lancaster Retail Property For Sale

      Retail property in a central location with diverse potential uses.
      918 N Dallas Ave, Lancaster, TX 75146
      View Details
    • Contact for pricing

      Highway 342 Retail Site

      Retail site at high-traffic intersection near developing Loop 9 corridor.
      2600 S Dallas Ave, Lancaster, TX 75146
      View Details
    • Contact for pricing
      8,500 SF

      Lancaster Warehouse with Truck Parking

      8,500 SF warehouse on 3.8 acres with truck parking.
      1329 E Wheatland Rd, Lancaster, TX 75134
      View Details
    • Contact for pricing
      17,000 SF

      Restaurant/Retail Property For Sale

      Restaurant/Retail property with high visibility and great access.
      940 N Ih 35E, Lancaster, TX
      View Details
    • Contact for pricing
      245,904 SF

      Lancaster Warehouse and Distribution Space

      245,860 SF warehouse with 32' clear height.
      3500 N Dallas Ave, Lancaster, TX 75134
      View Details

    FAQs

    What type of property is this?
    Land - Land for residential development in southern Dallas County.
    Where is this land located?
    The property is located at 2701 Ames Rd Lancaster, TX.
    What is the asking price?
    The asking price for this property is $488,000.
    What are key features of this property?
    This property features: - Zoning allows up to 6 built units per acre.; - 5 minute access to Interstate 35 and Interstate 20.; - Located in the southeast quadrant of Interstate 20 and Interstate 35.
    (972) 732-6000
    Request Owner's contact information
    2701 Ames Rd Lancaster, TX 75134
    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.
    2701 Ames Rd
    Lancaster, TX 75134
    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
    2701 Ames Rd Lancaster, TX 75134
    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
    Joseph Kalka
    Joseph Kalka
    Real Estate License ID: 0575471
    (972) 732-6000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.