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

    500 High Drive Cedar Hill, TX 75104

    View on Map
    For Sale
    $275,000

    Unimproved Land - Cedar Hill, TX

    Type:Unimproved Land
    Lot size:
    2.01 Acres
    Added:
    Feb 7, 2026
    Days on Market:
    53
    Last Refresh:
    Apr 1 at 6:06 am

    Property Features for 500 High Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    16006500040130000
    Lot size
    2.01 Acres

    Utilities

    Water front features
    Creek, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sarah Hallum
    Sarah Hallum

    Listing agent Sarah Hallum License #0684787

    Listing office Highpoint Estates BrokerageLLC 4864 Whitehead Rd., Midlothian, TX

    Listing date Feb 7, 2026

    MLS# 21168971 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

    Secluded Treed Homesite with Creek

    This is a rare opportunity to own a private, heavily treed 2.005-acre lot in a peaceful country setting just minutes from Cedar Hill conveniences. The property features mature trees and a creek at the rear. There is an existing well currently used for irrigation. A loop drive from High Drive through Simmons Way offers both privacy and easy access. Enjoy the quiet of rural living while being near nearby commercial development, thoughtfully buffered by a privacy wall that preserves the natural setting. It is ideal for a custom home or private retreat. A survey is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Kitchen & Bath Showroom HVAC Service Discount Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Hill
    County
    Dallas
    State
    Texas
    Longitude
    -96.9509373
    Latitude
    32.554303

    Nearby Similar for Sale

    • $699,900

      Versatile Office Building on Acreage

      Well-maintained office building on 2.275 acres with high visibility.
      1400 Kari Ann Drive, Cedar Hill, TX 75104
      View Details
    • $600,000

      Cedar Hill Retail Opportunity

      Retail-office building in historic downtown Cedar Hill.
      708 Cedar Street, Cedar Hill, TX 75104
      View Details
    • $215,000

      Cedar Hill Office Opportunity

      Two buildings totaling 1,290 SF on one lot.
      227 Texas Street, Cedar Hill, TX 75104
      View Details
    • $1,200,000

      Commercial Land in Growing Area

      2.81 acres of commercial land in Cedar Hill, Texas.
      517 E Belt Line Road, Cedar Hill, TX 75104
      View Details
    • $379,000

      Unimproved Land in Growing Area

      10.1 acres of land near Lake Ridge Parkway, Cedar Hill.
      0 Mystic Shore Drive, Cedar Hill, TX 75104
      View Details
    • $429,999

      Well-Maintained Duplex in Cedar Hill

      Duplex with updated unit, great for investors or house-hacking.
      409-411 Dollins Street, Cedar Hill, TX 75104
      View Details
    • $375,000

      Land in Cedar Hill Hills

      1.6 acre lot with creek in Cedar Hill, TX.
      3 Robin, Cedar Hill, TX 75104
      View Details
    • $425,000

      Cedar Hill Duplex Investment Opportunity

      Well-maintained 6-bedroom duplex in Cedar Hill, currently rented.
      508-510 Matterhorn Street, Cedar Hill, TX 75104
      View Details
    • $209,000

      Residential Land in Lake Ridge

      Over an acre lot in Lake Ridge community.
      2617 Whispering Oaks Cove, Cedar Hill, TX 75104
      View Details
    • $299,000

      Commercial Lot at High-Traffic Corner

      Prime 0.681-acre commercial lot in a high-growth area.
      727 E Pleasant Run Road, Cedar Hill, TX 75104
      View Details
    • $184,900

      Lake Ridge Acreage Homesite

      1.22-acre corner lot near Joe Pool Lake.
      2202 Mountain Lakes Drive, Cedar Hill, TX 75104
      View Details
    • $199,980

      Spacious Lot in Cedar Hill

      1.06-acre lot ready to build in Cedar Hill, TX.
      1917 Juniper Ridge Road, Cedar Hill, TX 75104
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Private, heavily treed lot in a peaceful country setting.
    Where is this residential land & home lot located?
    The property is located at 500 High Drive Cedar Hill, TX.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Secluded and private lot with mature trees in a peaceful country setting.; Creek at the rear of the property and existing well for irrigation.; Conveniently located minutes from Cedar Hill amenities.
    (806) 231-2426
    We can help!
    Listing Contact
    Sarah Hallum
    Sarah Hallum
    Real Estate License ID: 0684787
    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!