Add Listing
    For Lease
    • 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

    2901 Nokomis Rd Lancaster, TX 75146

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial or data center site in high-growth Lancaster, Texas.

    Type:Land
    Added:
    Jul 23, 2024
    Days on Market:
    636
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 2901 Nokomis Rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    Spaces For Lease

    at 2901 Nokomis Rd Contact us

    We can help!

    Listing Contact
    Parker Jay

    Listing agent Parker Jay License #TX

    Listing office SHOP Companies Dallas

    Listing date Jul 23, 2024

    Source Crexi

    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 SHOP Companies Dallas

    Overview

    Lancaster Industrial/Data Center Site

    An industrial or data center site is available for rent in Lancaster, Texas. The location is positioned to benefit from increasing industrial density and planned data center developments in the area. The property is in close proximity to the newly constructed Loop 9 roadway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Dallas
    State
    Texas
    Longitude
    -96.7312172
    Latitude
    32.5486407

    Nearby Similar for Lease

    • Contact for pricing

      Historic Downtown Lancaster Retail Space

      Retail space in a historic downtown Lancaster retail center.
      137 Historic Town Square, Lancaster, TX 75146
      View Details
    • Contact for pricing

      New Warehouse and Office Space

      New warehouse and office space in Lancaster, TX for rent.
      3350 Balomede Street, Lancaster, TX 75134
      View Details
    • Contact for pricing

      Lancaster Retail Center For Lease

      Retail center with high visibility and flexible suite configurations.
      3215 W Pleasant Run Road, Lancaster, TX 75146
      View Details
    • Contact for pricing

      Lancaster Retail Center For Lease

      Retail center with high visibility and flexible suite configurations.
      3215 W Pleasant Run Road, Lancaster, TX 75146
      View Details
    • Contact for pricing

      Lancaster Retail Center For Lease

      Retail center with high visibility and flexible suite configurations.
      3215 W Pleasant Run Road, Lancaster, TX 75146
      View Details
    • Contact for pricing

      Retail Space in Historic Square

      Retail space for rent in historic downtown Lancaster square.
      137 Historic Town Square, Lancaster, TX 75146
      View Details
    • Contact for pricing

      Lancaster Commercial Property For Rent

      Commercial property available for rent in Lancaster, Texas.
      3350 Balomede Street, Lancaster, TX 75134
      View Details
    • Contact for pricing

      Lancaster Warehouse with Truck Parking

      8,500 SF warehouse on 3.8 acres with truck parking.
      1329 E Wheatland Rd, Lancaster, TX 75134
      View Details
    • Contact for pricing

      Industrial Space in Wintergreen Park

      197,060 SF industrial space available for lease.
      600 E Wintergreen Rd, Lancaster, TX 75134
      View Details
    • $4/mo

      Lancaster Distribution Warehouse For Lease

      900,000 SF distribution warehouse available for lease.
      3535 N Houston School Rd, Lancaster, TX 75134
      View Details
    • Contact for pricing

      Lancaster Warehouse with Refrigeration

      364,000 SF warehouse with refrigeration and multiple configurations.
      1110 East Pleasant Run Road, Lancaster, TX, 75134
      View Details
    • Contact for pricing

      Lancaster Warehouse Space Available

      6,000 SF warehouse space for lease in Lancaster, TX.
      1500 S Interstate 35 E, Lancaster, TX
      View Details

    FAQs

    What type of property is this?
    Industrial land - Industrial or data center site in high-growth Lancaster, Texas.
    Where is this industrial land located?
    The property is located at 2901 Nokomis Rd Lancaster, TX.
    What are key features of this property?
    This property features: High growth market of Lancaster, Texas; Primed for industrial or data center development; Benefit from increasing industrial density
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Parker Jay
    Real Estate License ID: TX
    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!