Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Lot 1456 Summer Oak Drive May, TX 76857

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Unimproved Land - May, TX

    Type:Unimproved Land
    Lot size:
    0.05 Acres
    Added:
    Jul 25, 2025
    Days on Market:
    282
    Last Refresh:
    May 2 at 7:06 pm

    Property Features for Lot 1456 Summer Oak Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    000000079887
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Expense value
    450
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Nancy Gathright
    Nancy Gathright

    Listing agent Nancy Gathright License #0738805

    Listing office Turnkey Realty LLC 113 Baker St, Odessa, TX

    Listing date Jul 25, 2025

    MLS# 20990802 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.

    Overview

    RV Lot in Gated Community

    This 0.05-acre RV lot is located within the gated community of Oak Point. The community provides multiple boat ramps for lake access, a designated swimming beach, and fishing areas. Additional amenities include free RV parking for guests, a septic dump station, and parks for recreation. Residents also have access to a private beach area and private boat ramps. Zephyr city water is scheduled to be available in the near future. Additional lots are available in this community located in May, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    May
    County
    Brown
    State
    Texas
    Longitude
    -98.9982
    Latitude
    31.9764

    Nearby Similar for Sale

    • $439,900
      2,280 SF

      Texas Ranch with Comfortable Home

      10-acre ranch near Brownwood with updated 2,280 sq ft home.
      4730 Fm 1467, May, TX 76857
      View Details
    • $175,000

      Lake Brownwood Turnkey Retreat

      Move-in ready lakefront property with two travel trailers and amenities.
      4110 Cherokee Drive, May, TX 76857
      View Details
    • $2,400,000
      3,068 SF

      Custom Home on 146 Acres

      Custom stone home with barndo, shop, and abundant wildlife.
      12300 County Road 367, May, TX 76857
      View Details
    • $29,000

      Lake Brownwood Getaway with RV

      Lake Brownwood retreat with RV, ready for new owners.
      3130 Flying Bridge Drive, May, TX 76857
      View Details
    • $1,499,000
      1,320 SF

      Texas Ranch with Hunting and Agriculture

      153+ acre ranch ready for cattle and hunting.
      14725 Highway 183 N, May, TX 76857
      View Details
    • $1,499,000

      Texas Ranch with Hunting Potential

      153.742-acre ranch ideal for cattle and hunting enthusiasts.
      14725 Highway 183 N, May, TX 76857
      View Details
    • $40,000

      Turnkey RV Setup Near Lake

      Move-in ready RV setup with utilities and community amenities.
      2000 Willow Drive, May, TX 76857
      View Details
    • $95,000

      Spacious Lakeside Property in May, TX

      Large lakefront property with utilities and community amenities.
      2231 Woodwind Drive, May, TX 76857
      View Details
    • $60,000

      Lake Lot Ready to Build

      Half-acre lot near Lake Brownwood, ready for your dream home.
      Lot 1074 Oak Point Drive, May, TX 76857
      View Details
    • $250,000

      Lake Brownwood Land with Metal Building

      Four lots near Lake Brownwood with metal building and utilities.
      4411 And 4441 Pawnee Drive, May, TX 76857
      View Details
    • $195,000

      Lake Property with RV Parking

      Turnkey lake property with RV parking and included camper.
      Tbd Lots 1431-1433 Lake Front Circle, May, TX 76857
      View Details
    • $75,000

      Lake Retreat Ready for Enjoyment

      Lake property with RV, carport, utilities, and community amenities.
      761 Lake Shore Drive, May, TX 76857
      View Details

    FAQs

    What type of property is this?
    Recreation land - RV lot with amenities in gated community of Oak Point.
    Where is this recreation land located?
    The property is located at Lot 1456 Summer Oak Drive May, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Gated community providing added security and peace of mind.; Multiple boat ramps for easy access to the lake, including private ramps for residents.; Enjoy access to both a community swimming beach and a private beach area.
    (325) 430-2411
    We can help!
    Listing Contact
    Nancy Gathright
    Nancy Gathright
    Real Estate License ID: 0738805
    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

    Lot 1456 Summer Oak Drive, May, TX 76857

    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!