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

    173-l Tanglewood Dr Mabank, TX 75156

    Sponsored
    For Sale
    $399,900

    Improved Land - Mabank, TX

    Property size:
    747 SF
    Lot size:
    0.14 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 28 at 1:06 am

    Property Features for 173-l Tanglewood Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    42950000044050
    Patio and Porch features
    Deck
    Exterior features
    Boat Slip, Covered Deck, Fence
    Dock
    1
    Fencing
    Fenced
    Size
    747 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Expense value
    50
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Heating system
    Space Heater
    Cooling system
    Ceiling Fan(s), Multi Units
    Water front features
    Lake Front, Lake Front – Main Body, Waterfront
    Water front
    1

    Building Details

    Year built
    1979
    Architectural style
    Other

    We can help!

    Listing Contact
    Mary Eubanks

    RE/MAX FRONTIER (469) 846-0123

    Listing agent Mary Eubanks (469) 846-0123 License #0640273

    Listing date Feb 27, 2026

    MLS# 21191456 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.

    Learn more

    Property Insight Report

    Overview

    Waterfront Land with Existing Dock

    This property presents a rare opportunity on the main body of Cedar Creek Lake, featuring panoramic, open-water views. Situated on a quiet cul-de-sac, the waterfront lot offers expansive water frontage and sunset views. A covered dock with a lift is included, along with additional space for seating or a picnic table. A 1970s site-built lake cottage of approximately 747 square feet is included and could be occupied as-is; however, it is in need of repairs to include pier & beam foundation, drainage, and retaining wall. The property is located in Mabank, Henderson County, Texas, and has a lot size of 0.138 acres. The true value of this property lies in its open-water location and existing dock. Main body properties like this are increasingly hard to find.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Properties

    Suggested Use

    Law Firm Accounting Firm Hotel & Motel Kitchen & Bath Showroom Plumbing Service 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
    -96.143599
    Latitude
    32.299404

    Nearby Similar for Sale

    • $999,000
      7,200 SF

      Highway 175 Commercial Building

      Versatile commercial building near Cedar Creek Lake on 0.503 acres.
      15821 Highway 175 E, Mabank, TX 75143
      View Details
    • $2,200,000
      6,300 SF

      Premium Professional Office Building

      Office building near Cedar Creek Lake, leased to two businesses.
      15821 Us Highway 175, Mabank, TX 75143
      View Details
    • $499,000
      2,520 SF

      Move-in Ready Mabank Office Space

      2520 SF office space with excellent visibility in Mabank, TX.
      1424 S 3Rd St, Mabank, TX 75147
      View Details
    • New
      $975,000
      1,850 SF

      Mabank Barndominium on 57+ Acres

      Barndominium on 57.5 acres near Cedar Creek Lake.
      800 Vz County Road 2807, Mabank, TX 75147
      View Details
    • $499,000
      0.26 Acres

      Move-in-Ready Office Space in Mabank

      Functional and secure office space in a growing area.
      1424 S 3Rd St, Mabank, TX 75147
      View Details
    • New
      $975,000
      1,850 SF

      Mabank Acreage with Barndominium Residence

      57.5 acres with barndominium near Cedar Creek Lake.
      800 Vzcr 2807, Mabank, TX 75147
      View Details
    • $838,656
      46.59 Acres

      AG Exempt Ranch Near Lake

      46 acre ranch, AG exempt, near Cedar Creek Lake.
      12740 Fm 90, Mabank, TX 75147
      View Details
    • $599,999
      1.00 Acre

      Waterfront Lots on Cedar Creek

      Waterfront property with boat ramp, dock, and picnic area.
      196 Scenic Dr, Mabank, TX 75156
      View Details
    • $275,000
      2,128 SF

      Mabank Farm/Ranch on 7.26 Acres

      7.26 acres with a 4BR MH and workshop.
      1119 Vz County Road 2312, Mabank, TX 75147
      View Details
    • $115,000
      0.14 Acres

      Waterfront Lot in Gun Barrel

      Waterfront lot suitable for tiny house or mobile home.
      241 Southlake Dr, Mabank, TX 75156
      View Details
    • $279,000
      15.50 Acres

      15.5 Acres Near Cedar Creek

      15.5-acre AG Exempt property near Cedar Creek Lake.
      2 Fm Rd 90, Mabank, TX 75147
      View Details
    • $279,000
      15.50 Acres

      15.5 Acres Near Cedar Creek

      15.5-acre AG Exempt property near Cedar Creek Lake.
      3 Fm Rd 90, Mabank, TX 75147
      View Details

    FAQs

    What type of property is this?
    Waterfront Property - Rare waterfront lot on Cedar Creek Lake with covered dock.
    Where is this waterfront property located?
    The property is located at 173-l Tanglewood Dr Mabank, TX.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - Rare opportunity with panoramic, open-water views of Cedar Creek Lake.; - Prime waterfront lot with expansive water frontage and incredible sunset views.; - Includes a covered dock with lift.
    (469) 846-0123
    Request Owner's contact information
    173-l Tanglewood Dr Mabank, TX 75156
    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.
    173-l Tanglewood Dr
    Mabank, TX 75156
    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
    173-l Tanglewood Dr Mabank, TX 75156
    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

    We can help!
    Listing Contact
    Mary Eubanks
    Real Estate License ID: 0640273
    (469) 846-0123
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!