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

    4518 Lakecrest Drive The Colony, TX 75056

    View on Map
    For Sale
    $164,900

    Unimproved Land - The Colony, TX

    Type:Unimproved Land
    Lot size:
    0.14 Acres
    Added:
    Feb 2, 2026
    Days on Market:
    58
    Last Refresh:
    Apr 1 at 8:06 am

    Property Features for 4518 Lakecrest Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R08671
    Lot size
    0.14 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 Feb 2, 2026

    MLS# 21168595 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.

    Overview

    Residential Lot in Garza Lake

    Located at 4518 Lakecrest Drive in The Colony, Texas, this residential lot is situated in the Garza Lake Estates subdivision. The property offers an opportunity to build a custom home in a tranquil neighborhood. The lot is approximately 0.14 acres. Local parks, shopping centers, and dining options are easily accessible. The property is located near Stewarts Creek Elementary School, Lakeview Middle School, and The Colony High School.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    The Colony
    County
    Denton
    State
    Texas
    Longitude
    -96.89794
    Latitude
    33.1055

    Nearby Similar for Sale

    • $140,000

      Vacant Lot in The Colony

      6,000 SF Light Commercial lot in The Colony, TX.
      7408 Elm Drive, The Colony, TX 75056
      View Details
    • $518,900

      Duplex in The Colony, TX

      Duplex with rental potential in a high-demand location.
      6078 Dooley Drive, The Colony, TX 75056
      View Details
    • $135,000

      Commercial Land in High-Growth Location

      Commercial land near major destinations with city utilities in place.
      7420 Elm Street, The Colony, TX 75056
      View Details
    • $320,000

      Residential Lot in Garza Lake

      Premium lot for custom home in Garza Lake Estates.
      4595 Haven Hill Drive, The Colony, TX 75056
      View Details
    • $320,000

      Residential Lot in Garza Lake

      Premium lot for custom home in The Colony, Texas.
      4595 Haven Hill Drive, The Colony, TX 75056
      View Details
    • $439,000

      Lake View Land in Colony

      Private lake view property in North Dallas gated community.
      7409 Waters Edge Court, The Colony, TX 75056
      View Details
    • $1,880,000

      Finished Townhome Lots in Colony

      18 finished townhome lots in The Colony, TX.
      5613 Woodlands Drive, The Colony, TX 75056
      View Details
    • $170,000

      Prime Lot in The Colony

      Ideal location near Lewisville Lake with endless possibilities.
      7612 W Shore Drive, The Colony, TX 75056
      View Details
    • $600,000
      3,200 SF

      Commercial Lot Ready to Build

      Commercial lot with approved plans in The Colony, Texas.
      7447 Main Street, The Colony, TX 75056
      View Details
    • $1,149,500
      2,843 SF

      Lake Lewisville Townhome with Views

      Luxury townhome near Frisco's 'Billion Dollar Mile'.
      4921 Blaynes View, The Colony, TX 75056
      View Details
    • $2,100,000
      2,200 SF

      Prime Retail Corridor Freestanding Building

      Freestanding building in a dense, high-income residential area.
      5401 S Colony Blvd, The Colony, TX 75056
      View Details
    • Contact for pricing

      Prime Land in The Colony

      0.62 AC site with build-to-suit opportunity.
      3712 Standridge Dr, The Colony, TX
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in The Colony, build your dream home!
    Where is this residential land & home lot located?
    The property is located at 4518 Lakecrest Drive The Colony, TX.
    What is the asking price?
    The asking price for this property is $164,900.
    What are key features of this property?
    This property features: Prime residential lot in the desirable Garza Lake Estates subdivision.; Opportunity to build a custom dream home.; Convenient access to local parks, shopping, and dining.
    (804) 656-5007
    We can help!
    Listing Contact
    Steve Koleno
    Real Estate License ID: 0779766
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!