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

    1509 Sunrise Drive, Sanger, TX 76266

    View on Map
    Claim this Listing
    For Sale
    $1,200,000

    LAND - Sanger, TX

    Lot size:
    2.15 Acres
    Added:
    May 8, 2026
    Days on Market:
    29
    Last Refresh:
    Jun 5 at 1:06 am

    Property Features for 1509 Sunrise Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Grassed, Brush
    Standard status
    Active
    APN
    R1054488
    Lot size
    2.15 Acres

    Taxes and HOA fees

    Tax Description
    LAKESIDE ESTATES (SANGER ISD) BLK A LOT 3
    Tax Annual Amount
    3801

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank, Aerobic Septic
    Heating system
    Propane (Heating)
    Water source
    Private, Well
    Water front features
    Beach Access

    We can help!

    Listing Contact
    Stephen Barber

    Listing agent Stephen Barber License #0679940

    Listing office Teifke Real Estate 409 E Austin Avenue, Round Rock, TX

    Listing date May 8, 2026

    MLS# 21258352 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

    • Private well water supply with septic tank and aerobic septic system
    • Beach access and 180‑degree lake views of Lake Ray Roberts
    • Adjoins the Army Corps of Engineers’ preserved natural shoreline
    • Approx. 2‑mile drive to the marina
    • About 10 minutes to 20‑mile walk and horse trails

    Overview

    This offering is waterfront land in Sanger, Texas, listed for sale. The property is approximately 2.149 acres and is characterized by wide, open views of Lake Ray Roberts, including a described 180-degree lake view. The parcel also adjoins the Army Corps of Engineers and its preserved natural shoreline.

    According to the remarks, the property is positioned to enjoy extended sightlines across the lake, with the listing highlighting sunrise and sunset views. The Army Corps of Engineers area adjacent to the site encompasses over 440 acres, providing access to preserved natural shoreline and outdoor exploration. The remarks also note proximity to a marina (about a 2-mile drive) and nearby walk and horse trails (described as about a 20-mile walk), as well as hunting land (about 5 minutes away).

    For buyers seeking a residential or recreational setting with waterfront views and adjacency to preserved shoreline, this site offers a straightforward combination of lake frontage perspective and nearby access to outdoor amenities. The parcel’s relationship to the preserved area may appeal to users who value a natural backdrop and an uncluttered view experience.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Sanger
    County
    Denton
    State
    Texas
    Longitude
    -97.1010786
    Latitude
    33.3618628

    Nearby Similar for Sale

    • $3,000,000
      5,416 SF

      Sanger Estate with Clear Creek Frontage

      61+ acre estate with two homes, barn, arena, and workshop.
      10902 Clear Creek Road W, Sanger, TX 76266
      View Details
    • $1,250,000

      Turnkey Event Venue with Pavilion

      A turnkey wedding venue setup with dedicated suites, ceremony space, and a large pavilion for diverse event-driven operations.
      18351 Creekview Road, Sanger, TX 76266
      View Details
    • $2,750,000

      Commercial Development Land with I-35 Access

      Graded, development-ready tract with direct I-35 frontage road access for convenience retail, gas, or mixed-use development.
      2824 E Milam Road, Sanger, TX 76266
      View Details
    • $685,000

      Unimproved Commercial Land Lot

      Own a 0.32-acre unimproved commercial lot with development potential in a growing Denton County market.
      901 N 6th Street, Sanger, TX 76266
      View Details
    • $595,000

      Lake Ray Roberts Ready-to-Build Lot

      3.28 acre corner lot near Lake Ray Roberts.
      11504 Jones Road, Sanger, TX 76266
      View Details
    • $399,000

      High-Visibility Commercial Land Parcel

      An I-35 frontage location with convenient access and strong development potential in a fast-growing Sanger market.
      413 Hughes Street, Sanger, TX 76266
      View Details
    • $1,700,000

      Recreational Land with Creek Corridor

      71 acres of gently rolling pasture, scattered trees, and a creek area offering privacy and space for recreation or livestock.
      10570 Sam Bass Road, Sanger, TX 76266
      View Details
    • $1,514,865

      Commercial Land with Three-Side Frontage

      Versatile in-fill parcel with three-side road frontage and current multi-family zoning, offering flexibility for future development.
      Church Street, Sanger, TX 76266
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront land with broad Lake Ray Roberts views and direct adjacency to preserved natural shoreline.
    Where is this waterfront land located?
    The property is located at 1509 Sunrise Drive Sanger, TX.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Private well water supply with septic tank and aerobic septic system; Beach access and 180‑degree lake views of Lake Ray Roberts; Adjoins the Army Corps of Engineers’ preserved natural shoreline
    (512) 914-4806
    We can help!
    Listing Contact
    Stephen Barber
    Real Estate License ID: 0679940
    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
    1509 Sunrise Drive, Sanger, TX 76266
    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!