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    492 W Forest Grove Rd Allen, TX 75002

    New
    For Sale
    $2,137,500

    Unimproved Land - Lucas, TX

    Type:Unimproved Land
    Lot size:
    5.72 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 14 at 3:06 pm

    Property Features for 492 W Forest Grove Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R602800316601
    Lot size
    5.72 Acres

    Building Details

    Architectural style
    Other

    Delahn Realty (214) 499-6236 [email protected]

    Listing agent Melanie Brigante (214) 499-6236 License #0537286

    Listing date Dec 11, 2025

    MLS# 21128798 Listing URL

    Copyright © 2025 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

    Lucas, TX Estate Build Site

    This 5.722-acre unimproved land is a perfect estate build site located in Lucas, TX, within Lovejoy ISD. The property is conveniently located within a short drive to Lake Lavon, area schools, upscale dining, and local shopping. It offers easy access to Highway 75, providing excellent access to employment centers while maintaining a secluded environment. Mature trees line the creek that runs along the western property line. There is no HOA and no deadline for beginning construction. Horses are allowed on this property, and the property may be able to be subdivided with approval from the City of Lucas. The property is currently home to a radio tower and related equipment which will be removed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Spa & Massage Hair Salon Clothing Store Gym & Fitness Wholesale Shop Department Store Bar & Pub HVAC Service Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Allen
    County
    Collin
    State
    Texas
    Longitude
    -96.583554
    Latitude
    33.119725

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    FAQs

    What type of property is this?
    Land - 5.722 acre estate lot in Lovejoy ISD.
    Where is this land located?
    The property is located at 492 W Forest Grove Rd Allen, TX.
    What is the asking price?
    The asking price for this property is $2,137,500.
    What are key features of this property?
    This property features: - Prime estate build site in highly desirable Lovejoy ISD.; - No HOA and no deadline to begin building.; - Convenient location with easy access to Highway 75, Lake Lavon, schools, dining, and shopping.
    (214) 499-6236
    Request Owner's contact information
    492 W Forest Grove Rd Allen, TX 75002
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    Allen, TX 75002
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    Realmo Value Estimation

    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.

    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.

    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
    492 W Forest Grove Rd Allen, TX 75002
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