Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Undeveloped Wooded Lot For Sale Title is generated by Realmo AI

    21 Pamela Street, Cedar Hill, TX 75104

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Undeveloped wooded lot within city limits, suitable for investment.

    Type:Lots & Acreage / Unimproved Land
    Property size:
    9,844 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $2/SF
    Added:
    May 15, 2026
    Days on Market:
    19
    Last Refresh:
    May 16 at 9:14 pm

    Property Features for 21 Pamela Street

    General Information

    Standard status
    Active
    Size
    9,844 SF
    Lot size
    0.23 Acres
    Property subtype
    Lots & Acreage / Unimproved Land

    We can help!

    Listing Contact
    Yendry Murillo
    Yendry Murillo

    Listing agent Yendry Murillo License #0499273

    Listing office Ultima Real Estate

    Listing date May 15, 2026

    Source Compass

    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 Ultima Real Estate

    HighLights

    • Good investment potential
    • No HOA fees
    • Wooded lot provides natural beauty and privacy
    • Located within city limits for convenient access to amenities
    • Undeveloped subdivision offers a blank canvas
    • Undeveloped lot ready for your vision

    Overview

    This undeveloped wooded lot, totaling 9844 square feet, is located within city limits and presents a potential investment opportunity. The property is part of an undeveloped subdivision and is not subject to HOA restrictions. It is important to note that no utilities are currently available to the site, and no survey has been conducted. Prospective buyers should be aware that this purchase is on a speculative basis. The owner and agents possess no knowledge regarding future developments affecting the property.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Hill
    County
    Dallas
    State
    Texas
    Longitude
    -96.9616
    Latitude
    32.5815

    Nearby Similar for Sale

    • $659,900

      Versatile Office Building on Acreage

      Well-maintained office building on 2.275 acres in Cedar Hill.
      1400 Kari Ann Drive, Cedar Hill, TX 75104
      View Details
    • $580,000
      2,432 SF

      Cedar Hill Retail-Office Building

      Retail-office building in Cedar Hill's historic downtown square.
      708 Cedar Street, Cedar Hill, TX 75104
      View Details
    • $734,000

      Prime Commercial Land in Cedar Hill

      High-visibility commercial land ideal for retail or mixed-use development.
      301 W Belt Line Road, Cedar Hill, TX 75104
      View Details
    • $215,000
      1,290 SF

      Cedar Hill Retail 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
    • $734,000
      3,480 SF

      Prime Commercial Land Opportunity

      High-visibility commercial land in a growing area.
      301 W Belt Line Road, Cedar Hill, TX 75104
      View Details
    • $200,000

      2.32 Acres in Cedar Hill

      2.32 acres of commercial land south of Joe Pool Lake.
      1878 W Belt Line Road, Cedar Hill, TX 75104
      View Details
    • $3,500,000

      Residential Development Land in Cedar Hill

      45-acre residential development opportunity in the Hill Country of Dallas.
      1198 S Clark Road, Cedar Hill, TX 75104
      View Details
    • $175,000

      Premium Homesite in Lake Ridge

      Residential lot in gated community near Joe Pool Lake.
      1806 Sunset Crossing, Cedar Hill, TX 75104
      View Details

    FAQs

    What type of property is this?
    Land - Undeveloped wooded lot within city limits, suitable for investment.
    Where is this land located?
    The property is located at 21 Pamela Street Cedar Hill, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Good investment potential; No HOA fees; Wooded lot provides natural beauty and privacy
    (972) 365-0330
    We can help!
    Listing Contact
    Yendry Murillo
    Yendry Murillo
    Real Estate License ID: 0499273
    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
    21 Pamela Street, Cedar Hill, TX 75104
    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!