Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    3951 Corporate Dr Lancaster, TX

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3951 Corporate Dr Lancaster, TX

    View on Map
    • Warehouses
    • 190,696 SF
    • 11.44 lot acres
    For Lease
    $8,065,000
    View Listing →
    Lancaster Warehouse with Interstate Frontage For Lease
    $8,065,000
    51,675 SF

    Lancaster Warehouse with Interstate Frontage

    Warehouse with frontage on Interstate 20 and easy highway access.

    3951 Corporate Dr, Lancaster, TX
    View Listing
    Property ID
    US83-0216901
    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

    • Warehouses

    Property Details for 3951 Corporate Dr

    Year built
    2015
    Construction
    TILT-UP CONCRETE
    Lot size
    11.44 lot acres
    Property size
    190,696 SF
    Zone code
    Z39
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    36082010020010000
    APU
    36082010020010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,898,000
      Market price range: $1.19M - $9.54M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $5,980,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $12,045,000
      Change: +101% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Dallas
    State
    Texas
    Longitude
    -96.8159
    Latitude
    32.6408
    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
    $310,078
    $1,744,140
    $11,117,110
    $12,861,250
    -
    $1,744,140
    $11,117,110
    $12,861,250

    Comparable in this City

    • Value Estimation
      $1,645,000
      61,560 SF

      1040 Cedar Vly Dr

      MINI-WAREHOUSE, STORAGE • 61,560 SF
      1040 Cedar Vly Dr, Lancaster, TX 75134-1776
      View Details
    • Value Estimation by Request
      2,400 SF

      3704 Cumberland St

      MINI-WAREHOUSE, STORAGE • 2,400 SF
      3704 Cumberland St, Lancaster, TX 75134-1206
      View Details
    • Value Estimation by Request
      2,800 SF

      2111 Lancaster Hutchins Rd

      MINI-WAREHOUSE, STORAGE • 2,800 SF
      2111 Lancaster Hutchins Rd, Lancaster, TX 75134-3419
      View Details
    • Value Estimation by Request
      8,000 SF

      3147 Sherwood Ave

      MINI-WAREHOUSE, STORAGE • 8,000 SF
      3147 Sherwood Ave, Lancaster, TX 75134-1527
      View Details
    • Value Estimation by Request
      12,960 SF

      3419 Sherwood Ave

      MINI-WAREHOUSE, STORAGE • 12,960 SF
      3419 Sherwood Ave, Lancaster, TX 75134-1533
      View Details
    • Value Estimation by Request
      4,800 SF

      3104 Houston School Rd

      MINI-WAREHOUSE, STORAGE • 4,800 SF
      3104 Houston School Rd, Lancaster, TX 75134-1602
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      116,994 SF

      Lancaster Warehouse Space Available

      116,994 SF warehouse with dock and drive-in doors.
      3700 N Dallas Ave, Lancaster, TX 75134
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      9.42 acres with highway frontage near I-20.
      4040 N Dallas Ave, Lancaster, TX 75134
      View Details
    • Contact for pricing
      245,904 SF

      Lancaster Warehouse and Distribution Space

      245,860 SF warehouse with 32' clear height.
      3500 N Dallas Ave, Lancaster, TX 75134
      View Details
    • $625,000
      3,000 SF

      New Warehouse and Office Development

      New warehouse and office space in Lancaster, TX. Completion: March 2026.
      3350 Balomede St, Lancaster, TX 75134
      View Details
    • Contact for pricing
      25,024 SF

      Lancaster Industrial Property For Sale

      25,024 SF industrial property available in Lancaster, Texas.
      2402-2420 N I-35E, Lancaster, TX 75134
      View Details
    • $385,000
      0.09 Acres

      Lancaster Duplex: Investment Opportunity

      Full duplex near Dallas with easy highway access.
      907 Potomac Dr, Lancaster, TX 75134
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      197,060 SF

      Lancaster Industrial Space For Lease

      197,060 SF industrial space available for lease in Lancaster, TX.
      600 E Wintergreen Rd, Lancaster, TX 75134
      View Details
    • Contact for pricing
      393,899 SF

      Lancaster Warehouse Space Available

      Large warehouse space available for lease in Lancaster, Texas.
      2200 Danieldale Rd, Lancaster, TX 75134
      View Details
    • Contact for pricing
      3,000 SF

      New Warehouse and Office Space

      New construction warehouse and office space in Lancaster, Texas.
      3350 Balomede St, Lancaster, TX 75134
      View Details
    • Contact for pricing
      364,000 SF

      Lancaster Warehouse with Refrigeration

      364,000 SF warehouse with refrigeration and multiple configurations.
      1110 East Pleasant Run Rd, Lancaster, TX 75134
      View Details
    • Contact for pricing
      258,720 SF

      Industrial Space in Wintergreen Park

      258,720 SF industrial space available for lease.
      2201 N Jefferson St, Lancaster, TX 75134
      View Details
    • Contact for pricing
      1,416,360 SF

      Lancaster Industrial Space for Lease

      1,416,360 SF industrial space available for lease in Lancaster, TX.
      5001 Witt Rd, Lancaster, TX 75134
      View Details
    View Listing
    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.
    3951 Corporate Dr
    Lancaster, TX
    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!