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

    9501 Lancaster St Cresson, TX 76035-4804

    • Commercial land
    • 1,836 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4568867
    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 9501 Lancaster St

    Year built
    1993
    Lot size
    0.57 lot acres
    Property size
    1,836 SF
    Property type
    Commercial land
    APN
    126.0755.00500
    APU
    126075500500

    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
    Cresson
    County
    Johnson
    State
    Texas
    Longitude
    -97.6142
    Latitude
    32.5293
    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
    2018
    $116
    $20,000
    $0.00
    $20,000
    -
    $20,000
    $0.00
    $20,000

    Comparable in this City

    • Value Estimation by Request
      1.16 Acres

      13840 Hwy 171

      VACANT COMMERCIAL LAND • 1.16 Acres
      13840 Hwy 171, Cresson, TX 76035
      View Details
    • Value Estimation by Request
      8.60 Acres

      13501 Hwy 171

      VACANT COMMERCIAL LAND • 8.60 Acres
      13501 Hwy 171, Cresson, TX 76035-4817
      View Details
    • Value Estimation by Request
      4.79 Acres

      13832 Hwy 171

      VACANT COMMERCIAL LAND • 4.79 Acres
      13832 Hwy 171, Cresson, TX 76035
      View Details
    • Value Estimation by Request
      19.70 Acres

      8555 Old Granbury Rd

      Individual retail properties • 19.70 Acres
      8555 Old Granbury Rd, Cresson, TX 76035
      View Details
    • Value Estimation by Request
      2.30 Acres

      3825 Bear Creek Rd

      Land • 2.30 Acres
      3825 Bear Creek Rd, Aledo, TX 76035
      View Details
    • Value Estimation by Request
      85.50 Acres

      171 Tbd State Hwy

      Farms • 85.50 Acres
      171 Tbd State Hwy, Cresson, TX 76035
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Highway Frontage Land Opportunity

      19.732 acres of commercial land with highway frontage.
      8505 Old Granbury Rd, Cresson, TX 76035
      View Details
    • $375,000
      5.02 Acres

      Cresson Crossroads Unimproved Commercial Land

      5.02 acres of unimproved commercial land in Cresson, Texas.
      1300a Hughie Long Rd, Cresson, TX 76035
      View Details
    • Contact for pricing

      Highway Frontage Land Opportunity

      19.732 acres with commercial frontage at Highway 377 bypass.
      8551 Old Granbury Rd, Cresson, TX 76035
      View Details
    • $1,000,000
      9.99 Acres

      Highway 171 Commercial Opportunity

      9.9 acres with a 2,400 SF building along Highway 171.
      13300 Cleburne Hwy, Cresson, TX 76035
      View Details
    • $998,000
      66.77 Acres

      Expansive Land Parcel in Cresson

      66.7 acre parcel ideal for development or investment.
      Tbd 0 Hwy 171, Cresson, TX 76035
      View Details
    • $550,000

      Prime Commercial Land in Cresson

      Almost 2 acres in downtown Cresson with highway frontage.
      9508 Miflin St, Cresson, TX 76035
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space in Alta Mesa Plaza

      Retail space for lease in Kroger-anchored Alta Mesa Plaza.
      3512-3534 Alta Mesa Blvd, Fort Worth, TX 76035
      View Details
    • Contact for pricing
      3,794 SF

      Cresson Industrial Property For Rent

      Industrial property with 3794 square feet available for rent.
      714 Hughie Long Rd, Cresson, TX 76035
      View Details
    • Contact for pricing
      4,922 SF

      North Richland Hills Restaurant Opportunity

      Restaurant space available for lease with high visibility and signage.
      7669 Grapevine Hwy, North Richland Hills, TX 76035
      View Details
    • $3,900 /Mo
      145,882 SF

      Cresson Warehouse/Manufacturing Space Available

      5000 sqft commercial building suitable for warehouse, manufacturing, or venue.
      5601 Monroe Hwy, Cresson, TX 76035
      View Details
    • Contact for pricing
      5,500 SF

      Fort Worth Retail Space Available

      Retail space for lease in Fort Worth power center.
      2600-2748 Renaissance Sq, Fort Worth, TX 76035
      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.
    9501 Lancaster St
    Cresson, TX 76035-4804
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.