Sign Up Successful!
You now have access to more from Realmo!
    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

    948 Lilac Ln Frisco, TX 75034

    Sponsored
    For Sale
    $2,000,000

    Unimproved Land - Frisco, TX

    Type:Unimproved Land
    Lot size:
    0.79 Acres
    Days on Market:
    10
    Last Refresh:
    Jan 24 at 6:06 pm

    Property Features for 948 Lilac Ln

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R1021733
    Lot size
    0.79 Acres

    Taxes and HOA fees

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

    Utilities

    Heating system
    Central
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Christie Cannon
    Christie Cannon

    Keller Williams Frisco Stars (972) 712-9898

    Listing agent Christie Cannon (972) 712-9898 License #0456906

    Listing date Jan 15, 2026

    MLS# 21151358 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.

    Learn more

    Property Insight Report

    Overview

    Prime Lot in Hills of Kingswood

    This is an opportunity to build a custom luxury estate on an unimproved 0.79-acre lot located in the guard-gated Hills of Kingswood community in Frisco, Texas. The homesite has a wider footprint, offering design flexibility. An easement along one side of the lot means there is only one immediate neighbor. This layout is suited for a custom home with outdoor living space, courtyard potential, or a resort-style backyard. Residents have access to 24-7 guarded security and private hike and bike trails. The property is centrally located near dining, shopping, and schools. This lot offers privacy and a prime location within a coveted community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Frisco
    County
    Collin
    State
    Texas
    Longitude
    -114.6250485
    Latitude
    35.1051534

    Nearby Similar for Sale

    • New
      $585,000
      0.14 Acres

      Updated Duplex in Prime Frisco

      Well-maintained duplex with updates, ideal for investors or owner-occupants.
      8943 Camfield Way, Frisco, TX 75033
      View Details
    • $2,600,000
      1.00 Acre

      Frisco Childcare Building For Sale

      Turnkey childcare building in Frisco, TX, fully furnished and equipped.
      7480 Stonebrook Pkwy, Frisco, TX 75034
      View Details
    • $1,295,000
      3,131 SF

      Frisco Office/Medical/Salon Opportunity

      Reconstructed office building suitable for medical or salon use.
      7010 Ash St, Frisco, TX 75034
      View Details
    • $435,000
      2.71 Acres

      Upscale Frisco Professional Office Condo

      Prime Frisco office condo near FM 423 and Stonebrook Pkwy.
      425 Old Newman Rd, Frisco, TX 75036
      View Details
    • $2,300,000
      1.08 Acres

      Frisco Office on One Acre

      Stand-alone building on one acre in the heart of Frisco.
      8785 Mckinney Rd, Frisco, TX 75033
      View Details
    • $8,395,000
      1.76 Acres

      Frisco Office Building on Preston

      High-profile Frisco office building with existing tenant and owner-user potential.
      4783 Preston Rd, Frisco, TX 75034
      View Details
    • $650,000

      Updated Duplex in Prime Location

      Fully updated duplex in Frisco, ideal for investors or homeowners.
      8539 Holly St, Frisco, TX 75034
      View Details
    • $1,175,000
      0.37 Acres

      Renovated Office in Frisco Rail

      Turnkey office building in Frisco's Rail District.
      7790 Main St, 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 Pkwy, Frisco, TX 75035
      View Details
    • $428,949
      4.78 Acres

      Frisco Office Investment Opportunity

      Commercial office unit leased to State Farm through 2027.
      400 Stonebrook Pkwy, Frisco, TX 75036
      View Details
    • $465,000
      3.56 Acres

      Modern Retail Office Unit

      Retail office unit in high-traffic area near Stonebrook and Tollway.
      7000 Parkwood Blvd, Frisco, TX 75034
      View Details
    • $416,300
      2.03 Acres

      Move-in Ready Frisco Office Suite

      New construction office condo in prime Frisco location.
      4300 Punjab Way, Frisco, TX 75033
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Unimproved 0.79-acre lot for custom luxury estate in Frisco.
    Where is this residential land & home lot located?
    The property is located at 948 Lilac Ln Frisco, TX.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Prime .79-acre lot in the prestigious, guard-gated Hills of Kingswood community.; - Wider lot footprint offers greater design flexibility and a more expansive feel.; - Easement on one side provides enhanced privacy with only one immediate neighbor.
    (469) 951-9588
    Request Owner's contact information
    948 Lilac Ln Frisco, TX 75034
    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.
    948 Lilac Ln
    Frisco, TX 75034
    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
    948 Lilac Ln Frisco, TX 75034
    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

    We can help!
    Listing Contact
    Christie Cannon
    Christie Cannon
    Real Estate License ID: 0456906
    (469) 951-9588
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.