Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Near Lake Texoma Title is generated by Realmo AI

    1125 Lake Road, Gordonville, TX 76245

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $139,500

    Improved Land - Gordonville, TX

    Lot size:
    0.44 Acres
    Added:
    May 11, 2026
    Days on Market:
    21
    Last Refresh:
    May 31 at 3:06 pm

    Property Features for 1125 Lake Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    102439
    Lot size
    0.44 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Steve Cook
    Steve Cook

    Listing agent Steve Cook License #0173324

    Listing office Steve Cook & Co, REALTORS 225 Hwy 120 W, Pottsboro, TX

    Listing date May 11, 2026

    MLS# 21086499 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Three adjoining lots across the street from Lake Texoma.
    • Walking distance to Lake Texoma and Sherwood Shores Park and Lake Access Area.
    • Close proximity to Cedar Bayou Resort and Marina.
    • Cleared of fire debris, providing a blank slate for building.
    • Convenient lake access via a path across the street.
    • Opportunity to create a Texoma retreat.

    Overview

    Three adjoining lots are available across the street from Lake Texoma. The property is located approximately two blocks from Sherwood Shores Park and Lake Access Area. Cedar Bayou Resort and Marina is situated across Highway 377 to the north and west. A path to the lake is located directly across from the land. The land, located in Gordonville, Texas, offers an opportunity to build a Texoma retreat. The lot contains a slab from a burned cabin, and three trees require removal. Debris from the fire has been removed, leaving a blank slate for construction. The total lot size is 0.44 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Auto Repair Shop Hotel & Motel Department Store Barber Shop Storage Facility Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gordonville
    County
    Grayson
    State
    Texas
    Longitude
    -96.8071804
    Latitude
    33.8566013

    Nearby Similar for Sale

    • $349,000

      Gordonville, TX Land Investment

      1.984-acre tract near Lake Texoma and Rock Creek Golf Course.
      27960 US Highway 377, Gordonville, TX 76245
      View Details
    • $489,000
      13,500 SF

      Gordonville Warehouse on Highway 377

      13,500 SF warehouse on 1.48 acres in Gordonville, TX.
      31633 Hwy 377 Highway, Gordonville, TX 76245
      View Details
    • $3,220,000
      5,500 SF

      92-Acre Ranch Near Lake Texoma

      92-acre ranch suitable for private use, events, or development.
      2887 Liberty Road, Gordonville, TX 76245
      View Details
    • $3,850,000
      1,828 SF

      Texas Ranch Near Lake Texoma

      197+ acre ranch with homes and outbuildings near Lake Texoma.
      850 Gordonville Road, Gordonville, TX 76245
      View Details
    • $349,000

      Highway Frontage Land Ready to Build

      Unimproved land with highway frontage, entrances in place, ready to build.
      Lot 4 US Highway 377, Gordonville, TX 76245
      View Details
    • $115,000

      Lake Texoma Land Opportunity

      Cleared lots near Lake Texoma with utilities and improvements.
      58 88 Ivanhoe Drive, Gordonville, TX 76245
      View Details
    • $95,000

      Lake Texoma Homesite Opportunity

      1.185-acre homesite near Lake Texoma with utilities available.
      Lot 3 Rock Creek Road, Gordonville, TX 76245
      View Details
    • $95,000

      Lake Texoma Homesite Opportunity

      1.181-acre homesite near Lake Texoma and Rock Creek Resort.
      Lot 2 Rock Creek Road, Gordonville, TX 76245
      View Details
    • $95,000

      Lake Texoma Homesite Opportunity

      1.185-acre homesite near Lake Texoma and future Hard Rock Hotel.
      Lot 4 Rock Creek Road, Gordonville, TX 76245
      View Details
    • $3,850,000

      Texas Ranch Near Lake Texoma

      197+ acre ranch near Lake Texoma with diverse terrain.
      850 Gordonville Rd, Gordonville, TX 76245
      View Details
    • $249,000

      Highway Frontage Land Ready to Build

      Unimproved land with highway frontage, ready for development.
      Lot 3 US Highway 377, Gordonville, TX 76245
      View Details
    • $299,000

      Land Available in Gordonville, TX

      Unimproved land with highway frontage, ready to build.
      Lot 8 US Highway 377, Gordonville, TX 76245
      View Details

    FAQs

    What type of property is this?
    Land - Three adjoining lots near Lake Texoma, ideal for building.
    Where is this land located?
    The property is located at 1125 Lake Road Gordonville, TX.
    What is the asking price?
    The asking price for this property is $139,500.
    What are key features of this property?
    This property features: Three adjoining lots across the street from Lake Texoma.; Walking distance to Lake Texoma and Sherwood Shores Park and Lake Access Area.; Close proximity to Cedar Bayou Resort and Marina.
    (903) 786-3355
    We can help!
    Listing Contact
    Steve Cook
    Steve Cook
    Real Estate License ID: 0173324
    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.
    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

    Thank You for Inquiry
    1125 Lake Road, Gordonville, TX 76245
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!