Commercial Land with Existing
New
For Sale
$549,000
1425 Park Circle Drive, Lancaster, TX 75134
Commercially zoned land includes an existing building suited to a range of future commercial plans.
Property Size1,281 SF
Days on Market4
Property Features for 1425 Park Circle Drive
General Information
Standard status
Active
Size
1,281 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$4,527
Building Details
Building Size
1,281 SF
Year Built
1968
Listing Agency:
Monument Realty
(214) 705-7827
Listed By:
Maria Leon · License #0765671
Source:
Nilesrealtygroup
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 9:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Monument Realty
Investment Insights
Based on property information with market context.
This commercially zoned property combines a 0.43-acre parcel with an existing 1,281-square-foot building. Constructed in 1968, the improvement provides an established structure within the overall land offering.
The property is located at 1425 Park Circle Drive in Lancaster, Texas, providing a commercial land option with an existing building already in place.
The property is located at 1425 Park Circle Drive in Lancaster, Texas, providing a commercial land option with an existing building already in place.
Key Highlights
- 0.43‑acre commercially zoned parcel
- Existing 1,281‑square‑foot building
- Building constructed in 1968
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,263
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$425,260
$425.3K
Cap Rate 7%
$303,757
$303.8K
Cap Rate 9%
$236,256
$236.3K
Market Conditions
NOI Build-Up for 1,281 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.0K $24.96/SF
− Vacancy
−$1.6K −$1.25/SF
EGI
$30.4K $23.71/SF
− OpEx
−$9.1K −$7.11/SF
NOI
$21.3K $16.60/SF
Area
Dallas County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$425,260
Cap Rate 7%
$303,757
Cap Rate 9%
$236,256
Alternative Uses
Best Use
Retail
$303.8K
$265.8K – $354.4K
NOI $21,263 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$15.35M
$13.44M – $17.91M
NOI $1,074,843 @ 7.0% cap · market cap 195.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
302k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Shops & Services 30%
Groceries 15%
Apparel 13%
QuikTrip
Shops & Services
66,143 visits/mo
0.2 miles
Kroger
Groceries
46,278 visits/mo
0.5 miles
Ross Dress for Less
Apparel
30,935 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
17,315 visits/mo
0.2 miles
Cinemark Lancaster Movies 14
Leisure
16,907 visits/mo
0.3 miles
Demographics for 75134, TX
20,194
Population
7,003
Households
2.9
Avg Household Size
34
Median Age
22%
College-Educated
87%
High-School Grad
10.6 sq mi
ZIP Area
1,905
Density / Sq Mi
$66,134
Median Household Income
$48,605
Median Earnings
$1,762
Median Rent
$216,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercially zoned land includes an existing building suited to a range of future commercial plans.
Where is this commercial land located?
The property is located at 1425 Park Circle Drive Lancaster, TX.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 0.43‑acre commercially zoned parcel; Existing 1,281‑square‑foot building; Building constructed in 1968
