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$140,000

215 N Houston School Road, Lancaster, TX, 75146

On MarketInfo

Exterior

Lot Size18,295 sqft

Land Information

APN65120824010090000
SubdivisionJohn M Rawlins
Land UseResidential
Legal DescriptionJOHN M RAWLINS ABST 1208 PG 240 TR 9 INT202400060361 DD03222024 CO-DC 1208240100900 4CN12082401
Census Tract016802
Assessed Land Value$56,700
Assessment Year2025

About this property

This versatile .47-acre lot offers excellent visibility and accessibility, situated at the corner of N Main Street and Houston School Road with direct frontage on both. Ideal for a variety of uses, the property is currently undergoing the installation of a perimeter wire fence for added security and definition. Gate access is conveniently located on Houston School Road, providing easy entry and exit.

Investor Tools

Property Icon
$129,000
Estimated Property Value
$0Estimated Mortgage Balance
$129,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$840 /month
Positive
Cash Flow Estimate:
$280 /month

Interested in this property?

John Pollock

RE/MAX Pinnacle Group REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$165/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,337
$56,700
2025
$56,700
N/A
$56,700
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,337
$56,700

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$129,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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.

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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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215 N Houston School Road | Property Details | No Agent List