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

    803 Lilac Lane Frisco, TX 75034

    View on Map
    For Sale
    $2,100,000

    Unimproved Land - Frisco, TX

    Type:Unimproved Land
    Lot size:
    0.92 Acres
    Added:
    Feb 8, 2026
    Days on Market:
    54
    Last Refresh:
    Apr 3 at 7:06 am

    Property Features for 803 Lilac Lane

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R1021755
    Lot size
    0.92 Acres

    Taxes and HOA fees

    Expense value
    1650
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Semi-Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sarah Fakih

    Listing agent Sarah Fakih License #0676340

    Listing office Compass RE Texas, LLC 2595 Dallas Parkway St 300, Dallas, TX

    Listing date Feb 8, 2026

    MLS# 21172051 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

    Premier Corner Estate Lot in Frisco

    This is a rare opportunity to own a premier corner estate lot just under one acre (0.916 acre) in the guard-gated Hills of Kingswood. The property is situated at the intersection of Lilac Lane and Midora Lane and offers views of the lake, trail and creek. This expansive homesite offers design flexibility, ideal for creating a custom estate with space for a resort-style pool, sport courts, outdoor living, and manicured grounds. The location in Frisco provides access to The Star, Legacy West, PGA Headquarters, Stonebriar Centre, Lewisville Lake, and the tollway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store Department Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Frisco
    County
    Collin
    State
    Texas
    Longitude
    -96.8851
    Latitude
    33.10834

    Nearby Similar for Sale

    • $428,949

      Frisco Office Investment Opportunity

      Commercial office unit leased to State Farm through 2027.
      400 Stonebrook Parkway, Frisco, TX 75036
      View Details
    • $1,080,000

      Renovated Office Building in Frisco

      Turnkey office building in Frisco's Rail District for sale.
      7790 Main Street, Frisco, TX 75033
      View Details
    • $410,000

      Downtown Frisco Retail Opportunity

      Corner lot property in the heart of Frisco's walking district.
      9021 3rd Street, Frisco, TX 75033
      View Details
    • $416,300

      Move-in Ready Frisco Office Suite

      New construction office condo in prime Frisco location.
      4300 Punjab Way, Frisco, TX 75033
      View Details
    • $709,000
      1,542 SF

      Frisco Office Condo For Sale

      1,542 SF office condo in prime Frisco location.
      11619 Independence Parkway, Frisco, TX 75035
      View Details
    • $575,000

      Frisco Duplex Investment Opportunity

      Well-maintained duplex in Frisco with updated features and income potential.
      8943 Camfield Way, Frisco, TX 75033
      View Details
    • $465,000

      Frisco Retail Office Condo

      Modern office condo in high-traffic area near Stonebrook and Tollway.
      7000 Parkwood Boulevard, Frisco, TX 75034
      View Details
    • $652,000

      Frisco Development Opportunity Near Main

      Versatile property near Frisco's Main Street, ideal for development.
      6868 pecan street, Frisco, TX 75034
      View Details
    • $569,000

      Frisco Land with No HOA

      Rare Frisco custom home site near Rail District.
      7590 North Street, Frisco, TX 75033
      View Details
    • $540,000
      1,248 SF

      Frisco Office Space Available

      Move-in ready office space in Frisco, Texas for sale.
      7150 Holland Drive, Frisco, TX 75035
      View Details
    • $795,000

      PGA Frisco Preserve Land

      Residential lot in exclusive, amenity-rich PGA Frisco Preserve neighborhood.
      403 Edmonds Street, Frisco, TX 75033
      View Details
    • $5,245,000

      Prime Commercial Land in Frisco

      High-visibility land suitable for retail, medical, restaurant, or mixed-use development.
      4400 Preston Road, Frisco, TX 75034
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rare 0.916-acre lot in guard-gated Hills of Kingswood.
    Where is this residential land & home lot located?
    The property is located at 803 Lilac Lane Frisco, TX.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: Premier corner estate lot (0.916 acre) in guard‑gated Hills of Kingswood.; Exceptional design flexibility for a custom estate.; Enjoy views of the lake, trail, and creek.
    (469) 210-8288
    We can help!
    Listing Contact
    Sarah Fakih
    Real Estate License ID: 0676340
    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!