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

    1329 Wheatland Rd Lancaster, TX 75134

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Industrial warehouse, 3.8 acres, 7 docks

    Property size:
    8,500 SF

    Property Features for 1329 Wheatland Rd

    General Information

    Property type
    Distribution centers
    Square Feet
    8,500 SF
    Lot Size
    165,528 SF

    Building Details

    Buildings
    2

    We can help!

    Listing Contact
    Alex Wilson
    Alex Wilson

    Listing Agent: Alex Wilson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional industrial property located at 1329 E Wheatland Rd, Lancaster, TX 75134, offers a total of 8,500 square feet of warehouse space across two buildings. Situated on a generous 3.8-acre lot, this property boasts a 12'-14' ceiling height, providing ample vertical storage capacity. The property features seven loading docks, including two dock-high doors and five drive-in doors, ensuring efficient loading and unloading operations. The site includes a secure, fully fenced yard with electronic entrance gates and lighting, allowing for ample truck parking and outside storage. The yard's surface is comprised of 60% gravel/flex base and 40% concrete, focusing on drive lanes and loading areas. The property is zoned for industrial use and benefits from a robust 3-phase, 600-amp power supply. This well-maintained property presents a significant opportunity for businesses requiring substantial warehouse space and secure outdoor storage in a convenient Lancaster location. The property's size, features, and secure layout make it ideal for a variety of industrial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon 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
    -96.803164355414
    Latitude
    32.645148583658

    Nearby Similar for Sale

    • $425,000
      4,200 SF

      Lancaster Retail Building with Suites

      Retail building in Lancaster, TX with income potential.
      1010 N Dallas Ave N, Lancaster, TX 75146
      View Details
    • $675,000
      0.37 Acres

      New Warehouse and Office Development

      New mixed-use warehouse and office space in Lancaster, Texas.
      3350 Balomede St, Lancaster, TX 75134
      View Details
    • $385,000
      0.09 Acres

      Lancaster Duplex: Investment Opportunity

      Full duplex near Dallas with easy highway access.
      907 Potomac Dr, Lancaster, TX 75134
      View Details
    • $160,000
      0.16 Acres

      Versatile Commercial Property Near Downtown

      Adaptable commercial space with potential for various business ventures.
      509 E 3Rd St, Lancaster, TX 75146
      View Details
    • $299,000
      0.21 Acres

      Turnkey Duplex in Lancaster, TX

      Updated duplex with vacant units, a prime investment opportunity.
      607 Arbor Ln, Lancaster, TX 75134
      View Details
    • $159,900
      0.59 Acres

      Adaptable Church Building on Large Lot

      Church building with adjacent lots, suitable for various uses.
      205 W 4Th St, Lancaster, TX 75146
      View Details
    • Contact for pricing
      3,900 SF

      Lancaster Office Building For Sale

      3,900 SF office building on 1.52 acres.
      3136 Danieldale Rd, Lancaster, TX 75134
      View Details
    • Contact for pricing
      17,000 SF

      Restaurant/Retail Property For Sale

      Restaurant/Retail property with high visibility and great access.
      940 N Ih 35E, Lancaster, TX
      View Details
    • Contact for pricing
      245,904 SF

      Lancaster Warehouse and Distribution Space

      245,860 SF warehouse with 32' clear height.
      3500 N Dallas Ave, Lancaster, TX 75134
      View Details
    • Contact for pricing
      116,994 SF

      Lancaster Warehouse Space Available

      116,994 SF warehouse with dock and drive-in doors.
      3700 N Dallas Ave, Lancaster, TX 75134
      View Details
    • Contact for pricing
      18,000 SF

      Lancaster Warehouse with Highway Frontage

      18,000 sq ft warehouse on 2.13 acres with outdoor storage.
      3228 N I-35E, Lancaster, TX
      View Details
    • Contact for pricing
      24,399 SF

      Lancaster Warehouse Property for Sale

      24,399 SF warehouse/industrial property in Lancaster, Texas.
      1630 N Ih 35E, Lancaster, TX
      View Details

    FAQs

    What type of property is this?
    Distribution center - Industrial warehouse, 3.8 acres, 7 docks
    Where is this distribution center located?
    The property is located at 1329 Wheatland Rd Lancaster, TX.
    What are key features of this property?
    This property features: ±3.8-acre land area.; ±8,500 SF warehouse space in two buildings.; 12'-14' clear ceiling height.
    (972) 934-4063 Call to check price and availability
    Request Owner's contact information
    1329 Wheatland Rd Lancaster, TX 75134
    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.
    1329 Wheatland Rd
    Lancaster, TX 75134
    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
    1329 Wheatland Rd Lancaster, TX 75134
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alex Wilson
    Alex Wilson
    Real Estate License ID: 738954
    (972) 934-4063 (443) 370-3427
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!