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    Property profile & analytics

    212 Interstate 35 Lancaster, TX 75146

    • Retail space
    • 1,166 SF
    • 4.54 lot acres
    For Sale
    View listing
    $3,500,000
    Value Estimation
    Last Sale
    Nov 11, 2022
    $274,995
    Location Intelligence
    Property ID
    US82-3867533
    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

    • Retail space

    Property Details for 212 Interstate 35

    Year built
    1986
    Construction
    FRAME
    Lot size
    4.54 lot acres
    Property size
    1,166 SF
    Zone code
    Z401
    Property type
    Retail space
    APN
    65127875010141400
    APU
    65127875010141400

    Description

    This exceptional 4.54-acre commercial property, located at 212 S Interstate 35 E in Lancaster, Texas (zip code 75146), presents a compelling investment opportunity. Situated directly adjacent to Interstate 35, this high-visibility site boasts significant traffic exposure, ideal for a variety of commercial ventures. The property is zoned for commercial use and includes an existing 1,166 square foot building, offering immediate potential for various businesses. The versatile nature of this land makes it suitable for restaurants, retail establishments, or auto shops, among other possibilities. Its prime location in Dallas County, Texas, ensures easy access to a large customer base and strong regional connectivity. The asking price for this significant commercial property is $3,500,000. This is a rare chance to acquire a substantial piece of land in a thriving area with excellent development potential. The existing building provides a solid foundation for immediate occupancy or renovation, while the ample acreage allows for significant expansion or future development. Don't miss this chance to secure a prime commercial property in a high-growth area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $330,000
      6.5%
      $360,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $320,000
      Geo Method
      $320,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $350,000
      Retail
      $355,000
      Mixed-Use
      $285,000
      Hospitality
      $390,000
      Educational
      $300,000
      Residential Income
      $300,000
      Energy
      $300,000
      Income-Based Land
      $380,000
      Food Service
      $315,000

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Dallas
    State
    Texas
    Longitude
    -96.8211
    Latitude
    32.5892
    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
    $4,114
    $98,990
    $71,630
    $170,620
    -
    $98,990
    $71,630
    $170,620

    Comparable in this City

    • Value Estimation by Request
      669,878 SF

      2600 Dallas Ave

      Individual retail properties • 669,878 SF
      2600 Dallas Ave, Lancaster, TX 75146
      View Details
    • Value Estimation
      $405,000
      5,600 SF

      207 Pleasant Run Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,600 SF
      207 Pleasant Run Rd, Lancaster, TX 75146-1519
      View Details
    • Value Estimation
      $360,000
      1,248 SF

      823 Pleasant Run Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,248 SF
      823 Pleasant Run Rd, Lancaster, TX 75146-1445
      View Details
    • Value Estimation
      $425,000
      3,436 SF

      701 Pleasant Run Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,436 SF
      701 Pleasant Run Rd, Lancaster, TX 75146-1443
      View Details
    • Value Estimation
      $320,000
      1,206 SF

      1105 Dallas Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,206 SF
      1105 Dallas Ave, Lancaster, TX 75146-1619
      View Details
    • Value Estimation by Request
      4,818 SF

      109 Pleasant Run Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,818 SF
      109 Pleasant Run Rd, Lancaster, TX 75146
      View Details

    Similar Nearby for Sale

    • $450,000
      0.16 Acres

      Lancaster Retail Building For Sale

      4,200 SF retail building with income potential in Lancaster, TX.
      1010 N Dallas Ave N, Lancaster, TX 75146
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    • $160,000
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      Versatile Commercial Property Near Downtown

      Adaptable commercial space with potential for various business ventures.
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      Lancaster Retail Property For Sale

      Retail property in a central location with diverse potential uses.
      918 N Dallas Ave, Lancaster, TX 75146
      View Details
    • $3,500,000
      4.54 Acres

      Lancaster Hwy 35 Investment Opportunity

      High-traffic location, 4.54 acres, multiple uses.
      212 Interstate 35, Lancaster, TX 75146
      View Details
    • Contact for pricing

      Highway 342 Retail Site

      Retail site at high-traffic intersection near developing Loop 9 corridor.
      2600 S Dallas Ave, Lancaster, TX 75146
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    • $778,890
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      Lancaster Commercial Land - 11 Acres

      Prime Lancaster location, high-growth potential.
      2820 Nokomis Rd, Lancaster, TX 75146
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    Similar Nearby for Lease

    • 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
      7,500 SF

      Retail Spaces Available For Lease

      Three retail spaces for lease, 7,500 to 19,845 square feet.
      630 W Pleasant Run Rd, Lancaster, TX 75146
      View Details
    • Contact for pricing
      8,640 SF

      Former Retail Space For Rent

      Former Dollar General retail space with ample parking available for rent.
      1007-1063 W 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
    • $2,895 /Mo
      282 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
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    212 Interstate 35
    Lancaster, TX 75146
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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
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