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Days40Days on Market
Views1view

$2,100,000

1251 N Houston School Road, Lancaster, TX, 75146

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size13.36 acres

Land Information

APN65120824010060000
SubdivisionJohn M Rawlins
Land UseCommercial
Legal DescriptionJOHN M RAWLINS ABST 1208 PG 240 TR 6 ACS 13.357 INT202400202265 DD10012024 CO-DC 1208240100600 4CN12082401
Census Tract016805
Assessed Land Value$333,930
Assessment Year2025

About this property

Fully Approved 39-Lot Residential Development Opportunity in Lancaster, Texas Steel Hollows Addition is a fully approved, fully entitled, shovel-ready 39 lot single family subdivision.Spanning approximately 10.70 acres, 465,961 square feet, the project offers builders and developers a rare opportunity to acquire a ready-to-execute residential community in one of southern Dallas County’s growing development corridors.   The approved development package includes planned internal streets, proposed 8-inch water and sewer infrastructure, detention pond, drainage easements, utility easements, HOA-maintained open space, common-area landscaping, entry monument design, cedar fencing, and stone columns.   Positioned near N. Houston School Road and approximately 926 feet from Belt Line Road, the site offers strong regional connectivity with access to nearby residential neighborhoods, employment corridors, and major infrastructure. The property is also exceptionally close to Google’s new $600 million Red Oak data center, a major North Texas investment expected to support continued growth and long-term housing demand in the surrounding area. Google announced plans to invest more than $600 million in the Red Oak data center over multiple years.   This offering is ideal for builders, developers, and investors seeking a fully entitled subdivision with major planning, civil, utility, drainage, and landscape components already planned.

Investor Tools

$0Estimated Mortgage Balance
$333,930Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,600 /month
Positive
Cash Flow Estimate:
$4,200 /month

Interested in this property?

Destiny Conyers

Compass RE Texas, LLC.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$795/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,874
$333,930
2025
$333,930
N/A
$333,930
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,874
$333,930

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$333,930
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lancaster

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