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    Tree-Filled Creekside Home Site Title is generated by Realmo AI

    2659 Creekwood Drive, Cedar Hill, TX 75104

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    New
    For Sale
    $159,000

    LAND - Cedar Hill, TX

    Lot size:
    2.03 Acres
    Added:
    May 28, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 3 at 3:06 am

    Property Features for 2659 Creekwood Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    16027920001488000
    Lot size
    2.03 Acres

    Taxes and HOA fees

    Tax Description
    LAKE RIDGE SEC 21 LT 1488 ACS 2.029
    Tax Annual Amount
    5596

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Lauren Bailey

    Listing agent Lauren Bailey License #0810475

    Listing office Real Broker, LLC Dallas, TX

    Listing date May 28, 2026

    MLS# 21280968 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

    • 2‑acre, tree‑filled lot with a creek running through the center
    • A portion of the lot has already been cleared for easier building start
    • Public water available and Public Sewer available
    • Located in the Lake Ridge community with trails and scenic rolling hills
    • Minimum home size requirement of 2,500 sq. ft.

    Overview

    Set on just over two acres, this tree-filled residential home site offers a creek running through the center of the property, creating a natural focal point for a custom build. A portion of the lot has already been cleared, which can help reduce early site preparation time. The setting is well-suited to owners who want to design around existing features and preserve the surrounding character.

    Located in the Lake Ridge community in Cedar Hill, the property benefits from an outdoor-focused lifestyle. Residents can take advantage of walking and jogging trails and challenging terrain that’s popular with cycling enthusiasts. The area also offers nearby opportunities for golf, boating, fishing, and swimming, along with additional outdoor recreation.

    This lot is an appropriate fit for buyers looking to build a primary residence on a wooded, creek-lined parcel. With a stated minimum home size of 2,500 square feet, it supports larger new-construction plans that can take advantage of the views and the cleared area while maintaining a connection to the property’s existing landscape.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Dental Office Hotel & Motel Gym & Fitness Center Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Hill
    County
    Dallas
    State
    Texas
    Longitude
    -97.0082
    Latitude
    32.551416

    Nearby Similar for Sale

    • $600,000
      1,391 SF

      Commercial Land with Historic Home

      High-visibility tract offers flexible retail and office development with historic character and preserved on-site features.
      1007 W Belt Line Rd, 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

    FAQs

    What type of property is this?
    Residential land & home lot - Build-ready, tree-filled lot with a creek running through the property and partial clearing in Lake Ridge.
    Where is this residential land & home lot located?
    The property is located at 2659 Creekwood Drive Cedar Hill, TX.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: 2‑acre, tree‑filled lot with a creek running through the center; A portion of the lot has already been cleared for easier building start; Public water available and Public Sewer available
    (214) 202-7615
    We can help!
    Listing Contact
    Lauren Bailey
    Real Estate License ID: 0810475
    Request Owner's contact information
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    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.

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    2659 Creekwood Drive, Cedar Hill, TX 75104
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