Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    1441 Pleasant Run Rd Lancaster, TX 75146-1327

    • Office buildings
    • 10,800 SF
    • 1.26 lot acres
    OFF-MARKET
    Last Sale
    Sep 22, 2020
    Value Estimations
    $1,500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1961157
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grifols Biomat USA - Plasma Donation Center / Medical Clinic

    Property Details for 1441 Pleasant Run Rd

    Year built
    2008
    Construction
    FRAME
    Lot size
    1.26 lot acres
    Property size
    10,800 SF
    Zone code
    Z257
    Property type
    Office buildings
    APN
    36080490010030000
    APU
    36080490010030000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,413,000
      Market price range: $444k - $1.41M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,050,000
      Current use
      COMMERCIAL (GENERAL)
      $2,415,000
      Change: +129% Conversion: Easy
      RESTAURANT
      $1,475,000
      Change: +40% Conversion: Moderate
      RETAIL STORES
      $1,325,000
      Change: +26% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,270,000
      Change: +21% Conversion: Difficult
      MEDICAL BUILDING
      $965,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Dallas
    State
    Texas
    Longitude
    -96.7854
    Latitude
    32.6048
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $51,835
    $218,620
    $1,931,380
    $2,150,000
    -
    $218,620
    $1,931,380
    $2,150,000

    Comparable in this City

    • Value Estimation
      $2,190,000
      16,900 SF

      2424 Pleasant Run Rd

      OFFICE BUILDING • 16,900 SF
      2424 Pleasant Run Rd, Lancaster, TX 75146-4005
      View Details
    • Value Estimation by Request
      2,484 SF

      1120 Randlett St

      OFFICE BUILDING • 2,484 SF
      1120 Randlett St, Lancaster, TX 75146-1600
      View Details
    • Value Estimation
      $845,000
      13,580 SF

      1201 Dallas Ave

      OFFICE BUILDING • 13,580 SF
      1201 Dallas Ave, Lancaster, TX 75146-1621
      View Details
    • Value Estimation by Request
      1,600 SF

      1115 Dallas Ave

      OFFICE BUILDING • 1,600 SF
      1115 Dallas Ave, Lancaster, TX 75146-1619
      View Details
    • Value Estimation by Request
      2,400 SF

      108 Dallas Ave

      OFFICE BUILDING • 2,400 SF
      108 Dallas Ave, Lancaster, TX 75146-2412
      View Details
    • Value Estimation by Request
      1,280 SF

      1111 Dallas Ave

      OFFICE BUILDING • 1,280 SF
      1111 Dallas Ave, Lancaster, TX 75146-1619
      View Details

    Similar Nearby for Sale

    • $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
    • $2,000,000
      19,190 SF

      Lancaster Warehouse with Office Space

      19,190 SF warehouse with office, heavy power, expandable parking.
      301 E Pecan St, Lancaster, TX 75146
      View Details
    • Contact for pricing

      Lancaster Retail Property For Sale

      Retail property in a prime location, suitable for various businesses.
      918 N Dallas Ave, Lancaster, TX 75146
      View Details
    • $89,900
      0.44 Acres

      Lancaster Land in Historic District

      Nearly half-acre lot in Lancaster's Historic District.
      124 E 6Th St, Lancaster, TX 75146
      View Details
    • $778,890
      11.13 Acres

      Lancaster Commercial Land - 11 Acres

      Prime Lancaster location, high-growth potential.
      2820 Nokomis Rd, Lancaster, TX 75146
      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

    Similar Nearby for Lease

    • $560 /Mo
      293 SF

      Lancaster Mixed-Use Development Space

      Mixed-use development space in Lancaster, Texas, available for rent.
      3200 W Pleasant Run Rd, Lancaster, TX 75146
      View Details
    • $10 SF/Yr
      2,450 SF

      Lancaster Flex Space For Rent

      Flex space available for lease in Lancaster, Texas.
      3105 Lomita Dr, Lancaster, TX 75146
      View Details
    • Contact for pricing
      2,970 SF

      Retail Space Near Interstate I-35

      Retail space with high visibility and pylon signage available.
      3225 W Pleasant Run Rd, Lancaster, TX 75146
      View Details
    • 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
      View Details
    • Contact for pricing
      47,614 SF

      Lancaster Retail Space For Lease

      Retail space available in high-traffic Lancaster location.
      3250 W Pleasant Run Rd, Lancaster, TX 75146
      View Details
    • $12,104 /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
    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.
    1441 Pleasant Run Rd
    Lancaster, TX 75146-1327
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!