Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lucas, Texas Homesite Opportunity Title is generated by Realmo AI

    600 Long Lot 11 Road, Lucas, TX 75002

    View on Map
    Claim this Listing
    For Sale
    $550,000

    Unimproved Land - Lucas, TX

    Type:Unimproved Land
    Lot size:
    2.11 Acres
    Added:
    Nov 4, 2025
    Days on Market:
    198
    Last Refresh:
    May 21 at 5:06 pm

    Property Features for 600 Long Lot 11 Road

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R133200001101
    Lot size
    2.11 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michelle Spooner

    Listing agent Michelle Spooner License #0694920

    Listing office Weichert Realtors/Property Partners 2401 Internet Blvd Suite 107, Celina, TX

    Listing date Nov 4, 2025

    MLS# 21086437 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.

    HighLights

    • Expansive 2.1‑acre build‑ready homesite offers ample space.
    • Located in the highly sought‑after Lovejoy ISD.
    • No HOA restrictions, providing flexibility.
    • Tranquil country living in an established community.
    • Option to purchase an adjoining 3.75‑acre property.
    • Convenient access to shopping, dining, and major highways.

    Overview

    This 2.1-acre property in Lucas, Texas, presents an opportunity to design and build a custom home, private retreat, or small-scale ranch. The land is open and ready for construction, offering space for a pool, garden, workshop, or horses. Situated within the Lovejoy Independent School District, the property provides a country living environment without Homeowner's Association restrictions. An adjacent 3.75-acre property with a home needing renovation and two steel-framed barns is also available, offering the potential to create a larger 5.8-acre estate. The location combines rural surroundings with convenient access to shopping, dining, major highways, and schools.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lucas
    County
    Collin
    State
    Texas
    Longitude
    -96.6341
    Latitude
    33.0968

    Nearby Similar for Sale

    • $599,900

      Lake Lavon View Building Lot

      One-acre lot with utilities and lake views in Lucas, TX.
      1074 Top Deck Trail, Lucas, TX 75002
      View Details
    • $594,900

      Residential Land in Lucas, TX

      Unimproved 1.853 acre lot, build your dream home.
      735 Peppy San, Lucas, TX 75002
      View Details
    • $1,997,000

      Land in Lovejoy ISD

      5.722 acre estate build site in Lucas, Texas.
      492 W Forest Grove Road, Lucas, TX 75002
      View Details
    • $295,000

      Land Near Lake Lavon

      One-acre lot near Lake Lavon to build your dream home.
      750 Meadowbrook Drive, Lucas, TX 75098
      View Details
    • $65,000

      Residential Lot Near Lake Lavon

      Vacant residential lot near Lake Lavon, ideal for custom home.
      Tbd County Road 890, Lucas, TX 75002
      View Details
    • $395,000

      Lucas, TX Unimproved Land Parcel

      Expansive land parcel in Lucas, TX with development potential.
      0000 Stonegate, Lucas, TX 75002
      View Details
    • $299,000

      Lucas, TX Improved Land

      Nearly one acre lot in Wylie and Lucas area.
      870 Meadowbrook Drive, Lucas, TX 75098
      View Details
    • $724,999
      283,706 SF

      Equestrian Ranchette with Highway Access

      6+ acre lot ideal for equestrian estate near Trinity Trail.
      1441 East Winningkoff Road, Lucas, TX 75002
      View Details
    • $459,000

      Land with Mature Trees, Pond

      3-acre homesite with mature trees, pond, and barns in Lucas, TX.
      290 E Forest Grove Road, Lucas, TX 75002
      View Details

    FAQs

    What type of property is this?
    Land - 2.1 acres to build your dream home in Lovejoy ISD.
    Where is this land located?
    The property is located at 600 Long Lot 11 Road Lucas, TX.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Expansive 2.1‑acre build‑ready homesite offers ample space.; Located in the highly sought‑after Lovejoy ISD.; No HOA restrictions, providing flexibility.
    (214) 550-2793
    We can help!
    Listing Contact
    Michelle Spooner
    Real Estate License ID: 0694920
    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

    Thank You for Inquiry
    600 Long Lot 11 Road, Lucas, TX 75002
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!