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    Gated Waterfront Land with Guest House Title is generated by Realmo AI

    13350 Miller Road, Azle, TX 76020

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    Claim this Listing
    New
    For Sale
    $650,000

    LAND - Azle, TX

    Lot size:
    1.22 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 8:06 pm

    Property Features for 13350 Miller Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    PrivateYard, Storage
    Standard status
    Active
    APN
    03309959
    Lot size
    1.22 Acres

    Taxes and HOA fees

    Tax Description
    WATER BOARD - PERRY MILLER SUBDV BLOCK 1 LOT
    Tax Annual Amount
    8872

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Propane (Heating), Central
    Cooling system
    Window Unit(s), Ceiling Fan(s), Wall Unit(s)
    Water front features
    Waterfront, Lake Front
    Water front
    1

    Building Details

    Year built
    1965
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Ginger Trimble Knox
    Ginger Trimble Knox

    Listing agent Ginger Trimble Knox License #0527276

    Listing office Ginger & Associates, LLC Fort Worth, TX

    Listing date Jun 3, 2026

    MLS# 21264479 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

    • 1.22‑acre lakefront property on Eagle Mountain Lake with open water frontage and waterfront access
    • Main house (built 1965) offers 2 bedrooms, 2 baths, multiple living areas, and lake‑facing windows
    • Separate guest house includes a kitchen and a full bath for guests, rental potential, or multigenerational living
    • Gated, private, fenced setting with a long gated drive and mature tree coverage around the property
    • Outdoor features include private yard plus storage buildings and additional improvements
    • Utilities include central heating with propane heat source and septic tank sewer; cooling includes window, wall, and ceiling fan units

    Overview

    This 1.221-acre waterfront property on Eagle Mountain Lake features a main house with two bedrooms and two baths, multiple living areas, and lake-facing windows designed to take advantage of the water views. A separate guest house includes a kitchen and a full bath, offering added flexibility for guests, multigenerational living, or other uses. The property is fenced and accessed through a gated entrance with a long gated drive, and it includes multiple outdoor spaces for enjoying the surrounding mature trees and the lake setting. Storage buildings and additional improvements are also on site.

    Located in Azle, Texas in Tarrant County, the site is positioned along the open waters of Eagle Mountain Lake with deep open water and direct access for boating and fishing, as well as general lake recreation. Mature landscaping and towering trees help create privacy, while the lake frontage and expansive views define the character of the property.

    For buyers and operators looking for a waterfront homesite with existing residences, this configuration provides immediate on-site living options plus the ability to accommodate guests or additional household needs. The fenced, gated setting and on-site storage support day-to-day convenience, while the outdoor and lake access help support a true owner’s retreat or recreation-focused lifestyle.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Hotel & Motel Kitchen & Bath Showroom Plumbing Service Nursing Home (Bike/Boat/Book/etc) Store Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Azle
    County
    Parker
    State
    Texas
    Longitude
    -97.515949
    Latitude
    32.971429

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    FAQs

    What type of property is this?
    Waterfront Land - Gated, fenced waterfront property with main and guest houses, storage buildings, and direct access to Eagle Mountain Lake.
    Where is this waterfront land located?
    The property is located at 13350 Miller Road Azle, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 1.22‑acre lakefront property on Eagle Mountain Lake with open water frontage and waterfront access; Main house (built 1965) offers 2 bedrooms, 2 baths, multiple living areas, and lake‑facing windows; Separate guest house includes a kitchen and a full bath for guests, rental potential, or multigenerational living
    (817) 637-9184
    We can help!
    Listing Contact
    Ginger Trimble Knox
    Ginger Trimble Knox
    Real Estate License ID: 0527276
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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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