Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lots in Lakeview Hills Title is generated by Realmo AI

    2218 Sha Lane, Breckenridge, TX 76424

    View on Map
    Claim this Listing
    For Sale
    $39,500

    LAND - Breckenridge, TX

    Lot size:
    0.61 Acres
    Added:
    Jan 23, 2026
    Days on Market:
    134
    Last Refresh:
    Jun 6 at 7:06 pm

    Property Features for 2218 Sha Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Cleared
    Standard status
    Active
    APN
    R33696
    Lot size
    0.61 Acres

    Taxes and HOA fees

    Tax Description
    lots 16 & 17, Block 1, Lakeview Hills IV

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Antonella Rodas

    Listing agent Antonella Rodas License #0840594

    Listing office Keller Williams Realty DPR Dallas, TX

    Listing date Jan 23, 2026

    MLS# 21161733 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

    • Two residential lots (approx. 0.6 acres combined) in Lakeview Hills IV subdivision, offering ample space.
    • Existing 600 sq ft storage/garage structure included, providing immediate utility.
    • Prime location surrounded by newer homes and ongoing development.
    • City utilities available at the street, streamlining the building process.
    • Suitable for custom home construction, speculative building, or long‑term investment.
    • Increasingly rare opportunity in a high‑demand area.

    Overview

    Two residential lots are available together in the Lakeview Hills IV subdivision of Breckenridge. The lots, with road frontage on Sha Lane, offer a setting for new construction, surrounded by newer homes and ongoing development. One of the lots includes an existing approximately 600 sq ft storage or garage structure that will convey with the property, providing immediate functionality for storage, equipment, workshop space, or future use during construction. With a combined size of approximately 0.6 acres, these lots offer flexibility for a custom residence, speculative build, or long-term hold. City utilities are available at the street, making development more efficient. This is an option for end users seeking space and privacy, as well as builders and investors looking for a well-located project with upside potential. The property is located in Stephens County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Breckenridge
    County
    Stephens
    State
    Texas
    Longitude
    -98.930303
    Latitude
    32.76019

    Nearby Similar for Sale

    • $325,000
      5,400 SF

      Bed and Breakfast with Converted Layout

      Renovated property offers flexible lodging income potential or conversion to a residence, with a newer 2022 roof.
      900 W Walker, Breckenridge, TX 76424
      View Details
    • $190,000

      Updated Retail and Warehouse Building

      Versatile, freshly updated building with office, reception, lobby, and a dedicated warehouse area with overhead garage access.
      518 N Breckenridge Avenue, Breckenridge, TX 76424
      View Details
    • $139,000

      Multi-Use Ranch Property with Outbuildings

      Rural acreage with utilities, fencing, office improvements, and horse and livestock setup opportunities just outside town.
      2502 US Highway 183 S, Breckenridge, TX 76424
      View Details
    • $169,500

      Unfinished Barndominium Shop

      Insulated, plumbed, and wired 60x40 shop with roll-up and man doors, plus a second story ready for future buildout.
      355 County Road 221, Breckenridge, TX 76424
      View Details
    • $249,000

      Industrial Land with Shop

      Development-ready industrial land with frontage along Hwy 183 and FM 3099, plus an older shop building.
      3429 W Walker Street, Breckenridge, TX 76424
      View Details
    • $375,000

      18-Site RV Park Opportunity

      Well-maintained, fully prepared sites with hookups and on-site amenities, positioned for steady RV traffic near Hubbard Creek Reservoir.
      66 County Road 336, Breckenridge, TX 76424
      View Details
    • $350,000

      Commercial Land with Highway Frontage

      Commercial lot on the west end of Breckenridge with substantial HWY 180 frontage near Walmart.
      Walker, Breckenridge, TX 76424
      View Details
    • $120,000

      Rural Acreage with Off-Grid Tiny Home

      Ten acres of tree-covered terrain with multiple homesites and an off-grid tiny home, suited for recreation or a private build.
      313 Hill Branch Lane, Breckenridge, TX 76424
      View Details

    FAQs

    What type of property is this?
    Land - Two residential lots totaling 0.6 acres in established subdivision.
    Where is this land located?
    The property is located at 2218 Sha Lane Breckenridge, TX.
    What is the asking price?
    The asking price for this property is $39,500.
    What are key features of this property?
    This property features: Two residential lots (approx. 0.6 acres combined) in Lakeview Hills IV subdivision, offering ample space.; Existing 600 sq ft storage/garage structure included, providing immediate utility.; Prime location surrounded by newer homes and ongoing development.
    (972) 732-6000
    We can help!
    Listing Contact
    Antonella Rodas
    Real Estate License ID: 0840594
    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
    2218 Sha Lane, Breckenridge, TX 76424
    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!