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

    2300 W Pleasant Run Road Lancaster, TX 75146

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,100,000

    Well-situated commercial lot with utilities and residential proximity.

    Type:Commercial Lots & Land
    Added:
    Apr 22, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 22 at 5:23 pm

    Property Features for 2300 W Pleasant Run Road

    General Information

    Standard status
    Active
    Property subtype
    Commercial Lots & Land

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Logan Garrett

    Listing agent Logan Garrett

    Listing office Hi View Real Estate

    Listing date Apr 22, 2026

    Source Signaturere

    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 Hi View Real Estate

    Overview

    Commercial Lot Ready to Go

    This commercial lot is well-situated and ready to go, offering a location with utilities, residential proximity, and convenient access to the Interstate. Located in Lancaster, south of Dallas, west of DeSoto, and north of Red Oak, the property benefits from a populated area. The City of Lancaster is seeking something new and needed.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    Lancaster
    County
    Dallas
    State
    Texas
    Longitude
    -96.805034
    Latitude
    32.603746

    Nearby Similar for Sale

    • $625,000

      New Warehouse and Office Development

      New warehouse and office space in Lancaster, TX. Completion: March 2026.
      3350 Balomede Street, Lancaster, TX 75134
      View Details
    • $427,777

      Lancaster Land on I-35 Frontage

      4.76 acres on I-35 in Lancaster, Texas.
      200 S Interstate 35 E, Lancaster, TX 75146
      View Details
    • $499,900

      Lancaster Land Near Loop 9

      Commercial land available near Loop 9, suitable for development.
      3100 S Dallas Avenue, Lancaster, TX 75146
      View Details
    • $499,900

      Lancaster Land Near Loop 9

      Unimproved land suitable for commercial development near upcoming Loop 9.
      3100 S Dallas Avenue, Lancaster, TX 75146
      View Details
    • $425,000

      Lancaster Retail Building with Suites

      Retail building in Lancaster, TX with income potential.
      1010 N Dallas Avenue N, Lancaster, TX 75146
      View Details
    • $139,900

      Lancaster Land Ready For Development

      Strategically located land in Lancaster, Texas, with development potential.
      4151 Interurban Road, Lancaster, TX 75134
      View Details
    • $1,071,000

      Lancaster Land: Commercial, Agricultural Potential

      63.874 acres in Lancaster, TX, ideal for development.
      1600 Lavender Road, Lancaster, TX 75146
      View Details
    • $55,000

      Vacant Commercial Lot Opportunity

      Vacant commercial lot in growing area with development potential.
      2736 Cedardale Road, Lancaster, TX 75134
      View Details
    • $2,900,000

      Lancaster Development Opportunity: 8.281 Acres

      8.281 acres of land suitable for residential or commercial development.
      2600 W Wintergreen Road, Lancaster, TX 75134
      View Details
    • $160,000

      Versatile Commercial Property Near Downtown

      Adaptable commercial space with potential for various business ventures.
      509 E 3rd Street, Lancaster, TX 75146
      View Details
    • $764,900

      Lancaster Vacant Land Opportunity

      14.11 acre tract ideal for residential development or dream home.
      710 E Reindeer Road, Lancaster, TX 75146
      View Details
    • $375,000

      9.45 Acres in Lancaster, TX

      9.45-acre property near downtown Dallas, ideal for building.
      2600 W Main Street, Lancaster, TX 75146
      View Details

    FAQs

    What type of property is this?
    Commercial land - Well-situated commercial lot with utilities and residential proximity.
    Where is this commercial land located?
    The property is located at 2300 W Pleasant Run Road Lancaster, TX.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Commercial lot ready for development.; Utilities available on site.; Located near residential areas.
    We can help!
    Listing Contact
    Logan Garrett
    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!