Sign Up Successful!
You now have access to more from Realmo!
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

    5703 Lancaster Rd Dallas, TX 75241

    • Commercial land
    • 46.28 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2416266
    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

    • Commercial land

    Property Details for 5703 Lancaster Rd

    Lot size
    46.28 lot acres
    Zone code
    Z298
    Property type
    Commercial land
    APN
    644008000000
    APU
    644008000000

    Description

    This exceptional 5.3-acre commercial land parcel presents a remarkable investment opportunity in the thriving Dallas, Texas market. Located at 5703 S Lancaster Rd, Dallas, TX 75241, this property boasts a highly desirable location with exceptional visibility on Lancaster Road. The site is zoned PD1040 and MU-1, allowing for a variety of commercial development options. A key advantage is its strategic placement directly in front of a newly constructed multi-family development, ensuring a built-in customer base and high foot traffic. This translates to significant potential for retail businesses seeking prime locations with strong demographics. The expansive lot size offers ample space for development, accommodating various project scales and designs. The property's location in Dallas County provides easy access to major transportation arteries, ensuring convenient access for both customers and employees. This is a rare opportunity to acquire a well-positioned commercial land parcel in a rapidly growing area of Dallas, offering substantial potential for long-term growth and return on investment. Serious inquiries are encouraged to explore the possibilities of this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.7878
    Latitude
    32.6738
    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
    $3,186
    $138,840
    $0.00
    $138,840
    -
    $138,840
    $0.00
    $138,840

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      2601 Givendale Rd

      VACANT COMMERCIAL LAND • 0.19 Acres
      2601 Givendale Rd, Dallas, TX 75241
      View Details
    • Value Estimation by Request
      0.24 Acres

      7105 Woodland Pkwy

      VACANT COMMERCIAL LAND • 0.24 Acres
      7105 Woodland Pkwy, Dallas, TX 75241
      View Details
    • Value Estimation by Request

      3500 Altamoore Dr

      VACANT COMMERCIAL LAND
      3500 Altamoore Dr, Dallas, TX 75241
      View Details
    • Value Estimation by Request

      3500 Altamoore Dr

      VACANT COMMERCIAL LAND
      3500 Altamoore Dr, Dallas, TX 75241
      View Details
    • Value Estimation by Request
      0.22 Acres

      7325 Woodland Pkwy

      VACANT COMMERCIAL LAND • 0.22 Acres
      7325 Woodland Pkwy, Dallas, TX 75241
      View Details
    • Value Estimation by Request
      3.14 Acres

      1 Van Horn Dr

      VACANT COMMERCIAL LAND • 3.14 Acres
      1 Van Horn Dr, Dallas, TX 75241
      View Details

    Similar Nearby for Sale

    • $3,050,070
      11.66 Acres

      Dallas Land Near Warehouses

      Approximately 11.6-acre commercial land for sale in Dallas, Texas.
      3883 Cedardale Rd, Dallas, TX 75241
      View Details
    • Contact for pricing

      Land Pad Site For Sale

      Pad site available for sale or lease in Southeast Dallas.
      3659 Simpson Stuart Rd, Dallas, TX 75241
      View Details
    • $180,000
      0.44 Acres

      Commercial Land Near I-20

      Unimproved land near shops, restaurants, and hotels off I-20.
      8316 Marigold Dr, Dallas, TX 75241
      View Details
    • Contact for pricing

      Prime Land Parcels Available

      Two land parcels with frontage on I-20 for sale.
      4526 Cedardale Dr, Dallas, TX 75241
      View Details
    • $130,000
      0.16 Acres

      Vacant Land in Growing Dallas

      Spacious vacant land in Dallas, perfect for development or investment.
      3177 Stag Rd, Dallas, TX 75241
      View Details
    • $2,000,000
      22.14 Acres

      Dallas Land Opportunity on Telephone

      22.14 acres of land on Telephone Road in Dallas.
      3510 Telephone Rd, Dallas, TX 75241
      View Details

    Similar Nearby for Lease

    • $1.58 SF/Yr
      209,088 SF

      Prime Dallas Industrial Land

      150+ Truck Spaces, Fenced & Secure
      34954 Lyndon B Johnson Fwy, Dallas, TX 75241, Dallas, TX 75241
      View Details
    • Contact for pricing
      4 SF

      Truck Parking and Storage Opportunity

      4-acre commercial land available for truck parking and outside storage.
      34954 Lyndon B Johnson Fwy, Dallas, TX 75241
      View Details
    • Contact for pricing

      Dallas Industrial Land - 9.37 Acres

      Spacious Industrial Lot, Ample Parking
      3801 Cleveland Rd, Dallas, TX 75241
      View Details
    • Contact for pricing

      Land For Rent Dallas

      Land available for rent in Dallas, Texas.
      8575 S Central Expy, Dallas, TX 75241
      View Details
    • Contact for pricing
      5,176 SF

      Class A Office Tower ForRent

      Class A office tower with efficient floor-plates and structured parking.
      8401 N Central Expy, Dallas, TX 75241
      View Details
    • Contact for pricing
      30,000 SF

      Dallas Warehouse Space Available

      30,000 square foot warehouse space for lease in Dallas.
      8189 S Central Expy, Dallas, TX 75241
      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.
    5703 Lancaster Rd
    Dallas, TX 75241
    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.