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    248 E Lawson Rd Dallas, TX 75253
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    248 E Lawson Rd Dallas, TX 75253

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    • Residential land & home lots
    For Sale
    $1,500,000
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    Dallas Land for Residential Development For Sale
    $1,500,000
    12.07 Acres

    Dallas Land for Residential Development

    12+ acre lot suitable for single-family neighborhood development.

    248 E Lawson Road, Dallas, TX 75253
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    Property ID
    US82-2861207
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 248 E Lawson Rd

    Property type
    Residential land & home lots
    Property subtype
    Commercial land

    Description

    Attention Builders! Land for approx 50 Homes or Mixed Use Development. Great location! This property is currently zoned R-7.5 and which allows the construction of approx 50 home sites of 7,500 s.f., or Retail with Condos. The construction of single family housing and corresponding commercial development is strongly supported by the local community and the City of Dallas, and I have been told by the City Planning Commissioner that a Rezoning to Mixed Use Development for Retail mixed with Townhomes and or Condos would be very favorably looked upon. There is an existing pond that would make a great community water feature. The seller intends to replat and survey the property to exclude the small home and metal building that take up approximately one acre. The remaining approximately 11 ac are for sale. Other uses include Church, Agriculture Crop Production, Public Park or Playground. See Kleburg Land Use Plan, current zoning description, and Property Condition Statement in documents.

    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
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.569695
    Latitude
    32.699863

    Comparable in this City

    • $1,200,000
      17.13 Acres

      Dallas County Development Opportunity

      21.8 acres of land ideal for mixed-use development.
      1830 S Woody Rd, Dallas, TX 75253
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      Retail Pad Site Available

      2-acre retail pad site at Woody Road and US-175.
      Hwy 175 U.S, Dallas, TX 75253
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    • $500,000
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      Prime Commercial Land in Dallas

      High-visibility commercial land for sale in a growing Dallas corridor.
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    • $100,000
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      Dallas Land Parcel For Sale

      0.645 acre lot in Dallas, close to freeways.
      12517 Windfall Cir, Dallas, TX 75253
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    • $2,014,500
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      Prime Commercial Land Opportunity

      4.25 acres of commercial land with highway visibility.
      11437 C F Hawn Fwy, Dallas, TX 75253
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      Dallas Development Opportunity Near I-20

      16.22 acre development tract in Southeast Dallas near I-20.
      3131 Middlefield Rd, Dallas, TX 75253
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    Similar Nearby for Sale

    • $1,200,000
      17.13 Acres

      Dallas County Development Opportunity

      21.8 acres of land ideal for mixed-use development.
      1830 S Woody Rd, Dallas, TX 75253
      View Details
    • Contact for pricing

      Retail Pad Site Available

      2-acre retail pad site at Woody Road and US-175.
      Hwy 175 U.S, Dallas, TX 75253
      View Details
    • $500,000
      0.41 Acres

      Prime Commercial Land in Dallas

      High-visibility commercial land for sale in a growing Dallas corridor.
      12620 C F Hawn Fwy, Dallas, TX 75253
      View Details
    • Contact for pricing
      4,698 SF

      Commercial Land on Highway 175

      0.16 acre commercial land with direct highway access.
      12720 C F Hawn Fwy, Dallas, TX 75253
      View Details
    • $2,400,000
      14.32 Acres

      14 Acres on I-20 Frontage

      14.32 acres of unimproved land with I-20 frontage.
      14200 I-20 Frontage Rd, Dallas, TX 75253
      View Details
    • Contact for pricing

      6.2 Acres South of Interstate

      6.2 acres of commercial land with excellent visibility.
      220-266 S Belt Line Rd, Dallas, TX 75253
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    Similar Nearby for Lease

    • Contact for pricing

      6.2 Acres Commercial Land Available

      6.2 acres of commercial land for rent, excellent visibility.
      280 S Belt Line Rd, Dallas, TX 75253
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    • Contact for pricing

      6.2 Acres Commercial Land Available

      6.2 acres of commercial land for lease.
      336 S Belt Line Rd, Dallas, TX 75253
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    • Contact for pricing

      Commercial Retail Land For Lease

      2.695-acre commercial land with utilities and high traffic frontage.
      13558 C F Hawn Fwy, Dallas, TX 75253
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    • Contact for pricing

      6.2 Acres Commercial Land Available

      6.2 acres of commercial land for rent near I-20.
      292 S Belt Line Rd, Dallas, TX 75253
      View Details
    View Listing
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    248 E Lawson Rd
    Dallas, TX 75253
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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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