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

    1301 Tawakoni Drive, West Tawakoni, TX 75474

    View on Map
    Claim this Listing
    For Sale
    $170,000

    Improved Land - West Tawakoni, TX

    Lot size:
    1.29 Acres
    Added:
    Feb 26, 2026
    Days on Market:
    80
    Last Refresh:
    May 17 at 1:06 am

    Property Features for 1301 Tawakoni Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    81483
    Lot size
    1.29 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Elisabeth Baker

    Listing agent Elisabeth Baker License #0682558

    Listing office Screen Door Realty 1709 W Frank Street, Lubbock, TX

    Listing date Feb 26, 2026

    MLS# 21110516 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 combined lots totaling 1.28 acres in a quiet Lake Tawakoni community.
    • Corner lot zoned commercial, with two additional lots zoned residential.
    • Road frontage on three sides and fully fenced with chain link.
    • Access to community amenities: private fishing pier, boat ramp, pavilion, swings, and BBQ pit.
    • Towering trees provide ample shade and a peaceful setting.
    • Flexibility for future development (build a home or weekend retreat).

    Overview

    This property, situated in a quiet Lake Tawakoni community, offers a unique opportunity with three combined lots totaling approximately 1.28 acres. The spacious corner setting, with road frontage on three sides and enclosed by a chain link fence, provides both privacy and flexibility for future development. Towering trees offer shade, creating a peaceful, natural setting. The property is ideal for building a home or weekend retreat. Located on Rabbit Cove Road, one lot is zoned commercial, while the other two are zoned residential. The community features a voluntary HOA, where members have access to a private fishing pier, boat ramp, pavilion, swings, and BBQ pit. An existing small home is on the property but is in poor condition and has been given no value. The property is located in West Tawakoni, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Hotel & Motel HVAC Service Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    West Tawakoni
    County
    Hunt
    State
    Texas
    Longitude
    -96.0393143
    Latitude
    32.8881069

    Nearby Similar for Sale

    • $525,000

      West Tawakoni Restaurant/Bar Opportunity

      2.76-acre property with potential for restaurant, bar, or retail.
      1433 E State Highway 276, West Tawakoni, TX 75474
      View Details
    • $139,000

      West Tawakoni Commercial Office Opportunity

      Charming commercial building near Lake Tawakoni with endless possibilities.
      1116 E State Hwy 276, West Tawakoni, TX 75474
      View Details
    • $235,000

      Highway Frontage Land Near Lake

      1.21 acre tract with utilities, near Lake Tawakoni.
      617 E State Highway 276, West Tawakoni, TX 75474
      View Details
    • $190,000

      Commercial Land Near Lake Tawakoni

      Unimproved commercial lot near Deer Run Golf Course.
      1470 E State Highway 276, West Tawakoni, TX 75474
      View Details
    • $499,900

      West Tawakoni Rental Property

      Local rental property with multiple units and additional lot.
      1445 E State Highway 276, West Tawakoni, TX 75474
      View Details
    • $1,800,000

      West Tawakoni Mobile Home Park

      Stabilized, 100% occupied mobile home park with income potential.
      300 W Rabbit Cove Road, West Tawakoni, TX 75474
      View Details
    • $599,990

      Pastureland with Development Potential

      35-acre property ideal for residential, commercial, or mixed-use development.
      1200 E Rabbit Cove Road, West Tawakoni, TX 75474
      View Details
    • $27,900

      West Tawakoni Land Opportunity

      Five adjacent lots in lakefront community with city utilities.
      721 Hillside Drive, West Tawakoni, TX 75474
      View Details
    • $25,500

      Residential Lot Near Lake

      Unimproved lot near the lake in West Tawakoni, TX.
      409 Kirk Lane, West Tawakoni, TX 75474
      View Details
    • $27,900

      West Tawakoni Land Opportunity

      Five side-by-side lots in a lakefront community.
      725 Hillside Drive, West Tawakoni, TX 75474
      View Details
    • $189,500

      West Tawakoni Unimproved Land

      Approximately 1.241 acre commercial land for sale in West Tawakoni.
      101 E State Highway 276, West Tawakoni, TX 75474
      View Details
    • $27,900

      West Tawakoni Land Opportunity

      Five side-by-side lots in a lakefront community.
      729 Hillside Drive, West Tawakoni, TX 75474
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.28 acre corner lot near Lake Tawakoni.
    Where is this commercial land located?
    The property is located at 1301 Tawakoni Drive West Tawakoni, TX.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: Three combined lots totaling 1.28 acres in a quiet Lake Tawakoni community.; **Corner lot zoned commercial, with two additional lots zoned residential.**; Road frontage on three sides and fully fenced with chain link.
    (903) 617-8111
    We can help!
    Listing Contact
    Elisabeth Baker
    Real Estate License ID: 0682558
    Learn More
    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
    1301 Tawakoni Drive, West Tawakoni, TX 75474
    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!