Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Developing Ranch Title is generated by Realmo AI

    Longview Creek Trail lot 50, Itasca, TX 76055

    View on Map
    Claim this Listing
    For Sale
    $65,000

    LAND - Itasca, TX

    Lot size:
    2.00 Acres
    Added:
    May 23, 2026
    Days on Market:
    12
    Last Refresh:
    Jun 3 at 7:06 am

    Property Features for Longview Creek Trail lot 50

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    452098
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Description
    LONGVIEW CREEK RANCH LT 50
    Tax Annual Amount
    969

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Arlen Donaldson
    Arlen Donaldson

    Listing agent Arlen Donaldson License #0719177

    Listing office OnDemand Realty Frisco, TX

    Listing date May 23, 2026

    MLS# 21232009 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 residential lot in Longview Creek Ranch in Itasca, Hill County
    • Public water available
    • Opportunity to build a custom home site with space for outdoor living and additional improvements

    Overview

    This offering is a 2-acre residential lot located within Longview Creek Ranch, providing space for a custom home site and future exterior improvements. The property’s layout supports practical lifestyle planning, whether you’re aiming for room for outdoor living, a workshop, or additional site development.

    The lot is situated in the growing community of Itasca in Hill County, Texas. It offers the appeal of more peaceful, country-style living while remaining within convenient driving distance to nearby towns and major highways, supporting both end-user and investment strategies.

    For buyers looking to build now or later, the acreage provides flexibility for a planned residence and related site improvements. As residential land, it can also fit investors seeking an opportunity in a developing area, where future demand may be supported by ongoing regional growth. This is a straightforward option for those who want land that can accommodate a long-term home plan and additional utility buildings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Itasca
    County
    Hill
    State
    Texas
    Longitude
    -97.137886
    Latitude
    32.164794

    Nearby Similar for Sale

    • $449,000
      7,500 SF

      Flex Building with Climate-Controlled Retail

      A 2021 metal building with flexible finished space, warehouse doors, and utilities metered separately for adaptable commercial use.
      515 FM 66, Itasca, TX 76055
      View Details
    • $385,000

      3-Bay Downtown Car Wash Investment

      Turnkey, fully operational car wash with three bays, vacuums, and payment equipment for steady income potential.
      108 E Main Street, Itasca, TX 76055
      View Details
    • $109,000

      Remodeled Downtown Retail Building

      Remodeled building with modern HVAC and private restrooms, offering flexible options for retail, office, or food use.
      109 W Main Street, Itasca, TX 76055
      View Details
    • $210,000

      Commercial Development Lot with Utilities

      A commercially zoned lot on a main retail corridor with city utilities, positioned for flexible business development.
      E Main Street, Itasca, TX 76055
      View Details
    • $175,000

      Downtown Restaurant Space

      Turnkey restaurant infrastructure is available, with equipment and dining-ready space ready for a new operator.
      140 W Main Street, Itasca, TX 76055
      View Details
    • $375,000

      Well-Maintained Duplex Income Property

      A modern, open-concept duplex with updated interiors and both units fully occupied for immediate rental income.
      108 W Adams Street, Itasca, TX 76055
      View Details
    • $1,200,000

      Ranch Land with Four Tracts

      Versatile acreage in four separate tracts, offering flexible options for a custom build, retreat, or cattle operation.
      1364 HCR-1369, Itasca, TX 76055
      View Details
    • $300,000

      Cleared Land Near I35W, Itasca

      10 acres of cleared, fenced land with utilities near I35W.
      383 Hill County Road 4254, Itasca, TX 76055
      View Details
    • $385,000

      Cash Flowing Car Wash Opportunity

      Turnkey, cash-flowing 3-bay car wash in downtown Itasca.
      108 E Main Street, Itasca, TX 76055
      View Details
    • $200,000

      Unrestricted Rural Land Tract

      Approximately 10 acres of unrestricted land suited for agricultural use, livestock, or future homesite development.
      HCR 4123, Itasca, TX 76055
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two-acre residential lot offering space to build and room for outdoor improvements in a growing Hill County community.
    Where is this residential land & home lot located?
    The property is located at Longview Creek Trail lot 50 Itasca, TX.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: 2‑acre residential lot in Longview Creek Ranch in Itasca, Hill County; Public water available; Opportunity to build a custom home site with space for outdoor living and additional improvements
    (214) 766-5833
    We can help!
    Listing Contact
    Arlen Donaldson
    Arlen Donaldson
    Real Estate License ID: 0719177
    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
    Longview Creek Trail lot: 50, Itasca, TX 76055
    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!