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    2901 Nokomis Rd Lancaster, TX 75146

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    2901 Nokomis Rd Lancaster, TX 75146

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    • Industrial properties
    • 75.61 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 2901 Nokomis Rd

    Lot size
    75.61 lot acres
    Property type
    Industrial properties
    Property subtype
    Manufacturing properties

    Description

    This exceptional 75.608-acre site presents a compelling opportunity for industrial or data center development in the thriving Lancaster, Texas market. Located at 2901 Nokomis Rd, Dallas County, TX 75146 (32.548641, -96.731217), this property benefits from its strategic position within a rapidly expanding industrial area, poised for significant growth. The site is exceptionally well-situated for easy access to the newly constructed Loop 9 roadway, providing excellent connectivity and logistics advantages. Furthermore, the property boasts access to substantial electrical power, existing fiber optic lines, and readily available water infrastructure, making it an attractive option for a variety of industrial and data center uses. The property is classified as Industrial, with subtypes including Distribution, Flex, and Manufacturing, offering considerable versatility for potential developers. This expansive site is ready for immediate development, presenting a rare opportunity to capitalize on the burgeoning industrial and data center demand in this high-growth Texas market. Contact for pricing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Dallas
    State
    Texas
    Longitude
    -96.7312
    Latitude
    32.5486

    Comparable in this City

    • Value Estimation by Request
      12,090 SF

      1620 I-35E

      Distribution properties • 12,090 SF
      1620 I-35E, Lancaster, TX 75146
      View Details
    • Value Estimation
      $30,505,000
      615,060 SF

      2601 Lancaster Hutchins Rd

      DISTRIBUTION WAREHOUSE • 615,060 SF
      2601 Lancaster Hutchins Rd, Lancaster, TX 75146-1717
      View Details
    • Value Estimation
      $22,475,000
      269,008 SF

      951 Pleasant Run Rd

      DISTRIBUTION WAREHOUSE • 269,008 SF
      951 Pleasant Run Rd, Lancaster, TX 75146-6501
      View Details
    • Value Estimation
      $41,935,000
      506,285 SF

      2001 Pleasant Run Rd

      DISTRIBUTION WAREHOUSE • 506,285 SF
      2001 Pleasant Run Rd, Lancaster, TX 75146-1223
      View Details
    • Value Estimation
      $5,360,000
      300,000 SF

      1800 Beckley St

      DISTRIBUTION WAREHOUSE • 300,000 SF
      1800 Beckley St, Lancaster, TX 75146
      View Details
    • Value Estimation by Request
      69.44 Acres

      1535 Belt Line Rd

      DISTRIBUTION WAREHOUSE • 69.44 Acres
      1535 Belt Line Rd, Lancaster, TX 75146-6101
      View Details

    Similar Nearby for Sale

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      Wilmer Industrial Property on 5 Acres

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      Lancaster Warehouse with Office Space

      19,190 SF warehouse with office, heavy power, expandable parking.
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      Lancaster Retail Building with Suites

      Retail building in Lancaster, TX with income potential.
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      8,125 SF

      Dollar General in Lancaster, Texas

      Single-tenant Dollar General property with long-term tenant commitment.
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      Lancaster Land for Industrial Development

      11.127 acres in high-growth Lancaster, Texas, near Loop 9.
      2820 Nokomis Rd, Lancaster, TX 75146
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      Land Parcel on Highway 342

      Approximately 2 acres with frontage on Highway 342.
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    Similar Nearby for Lease

    • Contact for pricing
      1,026,304 SF

      Lancaster Logistics Center Near I-45

      Class A distribution center in Dallas' Logistics Corridor.
      400 E Pleasant Run Rd, Lancaster, TX 75146
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    • $10 SF/Yr
      2,450 SF

      Lancaster Flex Space For Rent

      Flex space available for lease in Lancaster, Texas.
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      Retail Space Available For Lease

      Retail space available for lease in Lancaster, Texas.
      3250 West Pleasant Run Rd, Lancaster, TX 75146
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    • Contact for pricing
      2,970 SF

      Retail Space Near Interstate I-35

      Retail space with high visibility and pylon signage available.
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    • $4,480 /Mo
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      Lancaster Retail Center For Lease

      Retail center with high visibility and flexible suite configurations.
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    • $4,000 /Mo
      67,300 SF

      Lancaster Retail Center For Lease

      Retail center with high visibility and flexible suite configurations.
      3215 W Pleasant Run Rd, Lancaster, TX 75146
      View Details
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    Lancaster, TX 75146
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    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
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