Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    320 Estelle Lane, Lucas, TX 75002

    View on Map
    Claim this Listing
    New
    For Sale
    $1,700,000

    LAND - Lucas, TX

    Lot size:
    6.91 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 8:06 am

    Property Features for 320 Estelle Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    PrivateEntrance
    Fencing
    Fenced, Gate, Perimeter
    Standard status
    Active
    APN
    R681300003901
    Lot size
    6.91 Acres

    Taxes and HOA fees

    Tax Description
    ABS A0813 BEN SPARKS SURVEY, TRACT 39, 6.914
    Tax Annual Amount
    14638

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Electric, Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1980
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Don McGrath
    Don McGrath

    Listing agent Don McGrath License #0602731

    Listing office Lovejoy Homes Realty, LLC. Allen, TX

    Listing date Jun 3, 2026

    MLS# 21286901 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.

    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lucas
    County
    Collin
    State
    Texas
    Longitude
    -96.580413
    Latitude
    33.09362

    Nearby Similar for Sale

    • $2,895,000

      Build-to-Suit Industrial Site

      Proposed build-to-suit industrial development with multiple single-story steel buildings and flexible user groups.
      McGarity Lane, Lucas, TX 75002
      View Details
    • $1,997,500

      Land in Lovejoy ISD

      5.722 acres in Lucas, TX, Lovejoy ISD.
      492 W Forest Grove Road, Lucas, TX 75002
      View Details
    • $649,000

      Waterfront Estate Lot with Lake Views

      Build-ready waterfront acreage with Lake Lavon views in a well-maintained community and convenient access to local amenities.
      2095 Chief Lane, Lucas, TX 75002
      View Details
    • $599,900

      Lake Lavon View Building Lot

      One-acre lot with utilities and lake views in Lucas, TX.
      1074 Top Deck Trail, Lucas, TX 75002
      View Details
    • $594,900

      Residential Land in Lucas, TX

      Unimproved 1.853 acre lot, build your dream home.
      735 Peppy San, Lucas, TX 75002
      View Details
    • $295,000

      Residential Cul-de-Sac Home Lot

      Build on a peaceful cul-de-sac lot with space for animals and equipment near parks and scenic trails.
      750 Meadowbrook Drive, Lucas, TX 75098
      View Details
    • $575,000

      Land in Lovejoy ISD

      2-acre lot, heavily treed, creek, build your dream home.
      125 N Lost Valley Drive, Lucas, TX 75002
      View Details
    • $299,000

      Lucas, TX Improved Land

      Nearly one acre lot in Wylie and Lucas area.
      870 Meadowbrook Drive, Lucas, TX 75098
      View Details
    • $550,000

      Build-Ready Homesite with Acreage

      Open, build-ready acreage offers room for custom homes, outdoor amenities, and a small-scale ranch setup.
      600 Long Lot 11 Road, Lucas, TX 75002
      View Details
    • $724,999
      283,706 SF

      Equestrian Ranchette with Highway Access

      6+ acre lot ideal for equestrian estate near Trinity Trail.
      1441 East Winningkoff Road, Lucas, TX 75002
      View Details
    • $65,000

      Residential Lot Near Lake Lavon

      Vacant residential lot near Lake Lavon, ideal for custom home.
      County Road 890, Lucas, TX 75002
      View Details
    • $719,000

      LAND - Lucas, TX

      2450 Welborn Lane, Lucas, TX 75002
      View Details

    FAQs

    Where is this land located?
    The property is located at 320 Estelle Lane Lucas, TX.
    What is the asking price?
    The asking price for this property is $1,700,000.
    (972) 897-1017
    We can help!
    Listing Contact
    Don McGrath
    Don McGrath
    Real Estate License ID: 0602731
    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
    320 Estelle Lane, Lucas, TX 75002
    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!