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    Fully Fenced Waterfront Storage Lot Title is generated by Realmo AI

    119 Oak Street, Mabank, TX 75156

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    Claim this Listing
    For Sale
    $75,000

    LAND - Mabank, TX

    Lot size:
    0.26 Acres
    Added:
    May 19, 2026
    Days on Market:
    16
    Last Refresh:
    Jun 3 at 1:06 pm

    Property Features for 119 Oak Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    RV, Boat
    Vegetation
    Wooded
    Standard status
    Active
    APN
    27200003068060
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Description
    Lots 68 & 69

    Utilities

    Water source
    Private

    Building Details

    Year built
    2009

    We can help!

    Listing Contact
    Susan Waterman
    Susan Waterman

    Listing agent Susan Waterman License #0611513

    Listing office McAtee Realty Of Gun Barrel TX Gun Barrel City, TX

    Listing date May 19, 2026

    MLS# 21241972 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

    • Across the street from Cedar Creek Lake in a waterfront neighborhood
    • Fully fenced property with chain‑link fencing and two gate entries
    • Three storage buildings with electric service and a large carport
    • On‑site storm shelter
    • Parking for RV and boat

    Overview

    This fully fenced waterfront lot is designed for practical storage and hobby use. The property is equipped with chain-link fencing and two convenient gate entries to support easy access. On site, you’ll find three storage buildings with electric service, along with a large carport for vehicles and/or a boat. An on-site storm shelter provides added safety and peace of mind when severe weather moves through the area.

    Situated just across the street from Cedar Creek Lake in a desirable waterfront neighborhood, the property offers quick access to the water lifestyle. A neighborhood boat launch is located right on Hickory Street, making it simple to plan outings and weekend getaways. The lot’s secure, fenced setup also helps protect stored items when you’re away.

    For buyers seeking a ready-to-use storage setup near the lake, this site offers an efficient package: multiple electrically served storage structures, covered parking, and straightforward gated entry. It can also be an appealing option for investors or end users looking for a manageable waterfront-oriented property with existing improvements and dependable site security.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Hotel & Motel HVAC Service Storage Facility Travel Agency Pet Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Mabank
    County
    Henderson
    State
    Texas
    Longitude
    -96.061344
    Latitude
    32.223739

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    FAQs

    What type of property is this?
    Waterfront Land - Secure, fully fenced lake-adjacent lot with electric storage buildings, carport, and on-site storm shelter for year-round usability.
    Where is this waterfront land located?
    The property is located at 119 Oak Street Mabank, TX.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Across the street from Cedar Creek Lake in a waterfront neighborhood; Fully fenced property with chain‑link fencing and two gate entries; Three storage buildings with electric service and a large carport
    (903) 887-5658
    We can help!
    Listing Contact
    Susan Waterman
    Susan Waterman
    Real Estate License ID: 0611513
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    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.

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