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    Lancaster Rd Dallas, TX 75241

    For Sale
    Contact for pricing

    8.4 Acres, Prime Dallas Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 8.4-acre commercial land parcel presents a remarkable investment opportunity in Dallas, Texas. Located in the rapidly developing University Hills Master Planned Community, this property (Tract 19) boasts a strategic position near the intersection of I-20 and South Lancaster Road, offering unparalleled access to major transportation arteries. The site is zoned MF-2 & MF-3, allowing for a diverse range of development possibilities, including multifamily residential projects. The surrounding area is experiencing significant growth, with the University of North Texas campus nearby, along with BNSF Intermodal, DART, and Dallas Emergency Services. University Hills itself is planned to encompass approximately 268 acres, featuring townhomes, single-family homesites, over 1,000 multifamily units, and a mixed-use zone incorporating office and retail space. Future residents will enjoy planned amenities such as walking trails, green spaces, and a town center with commercial, retail, and dining options. This property's location within this thriving community ensures strong potential for future appreciation and significant returns on investment. The site's size and zoning provide flexibility for a variety of development scenarios, making it an ideal choice for developers seeking a prime location in a rapidly expanding area of Dallas. The property is situated in Dallas County, Texas, with a zip code of 75241.

    Property Features for 0 Lancaster Rd

    General Information

    Property type
    Land
    Lot Size
    365,904 SF

    HighLights

    • 8.4‑acre commercial land parcel in Dallas, TX (Tract 19).
    • Approximately 21‑acre tract (Tract 3) with approximately 15 acres net.
    • Approximately 12‑acre tract (Tract 4) with approximately 8.3 acres net.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7601057
    Latitude
    32.6604239

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    FAQs

    What type of property is this?
    Land - 8.4 Acres, Prime Dallas Location
    Where is this land located?
    The property is located at Lancaster Rd Dallas, TX.
    What are key features of this property?
    This property features: 8.4-acre commercial land parcel in Dallas, TX (Tract 19).; Approximately 21-acre tract (Tract 3) with approximately 15 acres net.; Approximately 12-acre tract (Tract 4) with approximately 8.3 acres net.
    (214) 526-3626
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    Realmo Value Estimation

    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.

    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.

    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
    Lancaster Rd Dallas, TX 75241
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