Sign Up Successful!
You now have access to more from Realmo!
    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

    18029 Lake Ray Hubbard Dr Forney, TX 75126

    Sponsored
    For Sale
    $299,899

    Unimproved Land - Forney, TX

    Type:Unimproved Land
    Lot size:
    0.13 Acres
    Days on Market:
    51
    Last Refresh:
    Feb 4 at 9:06 am

    Property Features for 18029 Lake Ray Hubbard Dr

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    199991
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Expense value
    395
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Water front features
    Lake Front, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Nick Mirza

    Texas Ally Real Estate Group (512) 763-2559

    Listing agent Nick Mirza (512) 763-2559 License #0708204

    Listing date Dec 16, 2025

    MLS# 21084834 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 in Travis Ranch

    This 0.125-acre unimproved land is located in the Travis Ranch Marina waterfront development on Lake Ray Hubbard in Forney, Texas. The lot is situated on an exclusive street within one of the prestigious waterfront communities, surrounded by luxurious homes. It offers open water views and a tranquil atmosphere. The property is located a few minutes away from the Heath Golf & Yacht Club. This lot is suitable for building a dream waterfront house and enjoying the beauty of nature. It is located on Lake Ray Hubbard Drive in the 75126 ZIP code of Kaufman County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Kitchen & Bath Showroom Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Forney
    County
    Kaufman
    State
    Texas
    Longitude
    -96.489324
    Latitude
    32.809612

    Nearby Similar for Sale

    • New
      $1,000,000
      3,202 SF

      Ranch Property Near I-20

      19-acre ranch with pond, barn, and comfortable residence.
      9583 Neal Rd, Forney, TX 75126
      View Details
    • $650,000
      0.29 Acres

      Forney Office Building on Highway

      Remodeled office building on Hwy 80 in growing Forney.
      101 Us Highway 80 E, Forney, TX 75126
      View Details
    • $299,900
      962 SF

      Versatile Commercial/Residential Forney Property

      Remodeled property suitable for commercial or residential use in growing Forney.
      407 E Broad St, Forney, TX 75126
      View Details
    • $439,900
      0.06 Acres

      Historic Building in Downtown Forney

      Adaptively restored historic building with modern touches in downtown Forney.
      206 S Bois D Arc St, Forney, TX 75126
      View Details
    • $275,000
      0.09 Acres

      Versatile Industrial Space in Forney

      Light industrial space with climate-controlled office in growing Forney.
      305 W Aimee St, Forney, TX 75126
      View Details
    • $99,900
      0.17 Acres

      Retail Opportunity Near Downtown Forney

      Commercial property on major thoroughfare near Historic Downtown Forney.
      501 E Broad St, Forney, TX 75126
      View Details
    • $249,900
      0.17 Acres

      Forney Retail Opportunity on Broad

      High-visibility retail property near Historic Downtown Forney.
      503 E Fm Rd 688 St, Forney, TX 75126
      View Details
    • $259,900
      0.22 Acres

      Retail Opportunity in High-Visibility Location

      Versatile retail property in a high-traffic area near downtown Forney.
      505 E Broad St, Forney, TX 75126
      View Details
    • $6,748,500
      11,351 SF

      Victory Shops at Forney

      11,351 SF multi-tenant retail center in Forney, Texas.
      485 Marketplace Blvd, Forney, TX
      View Details
    • $9,030,000
      15,485 SF

      New Retail Strip with Drive-Thrus

      Class A multi-tenant retail strip center with long-term leases.
      301 Marketplace Blvd, Forney, TX
      View Details
    • $4,886,924
      14,924 SF

      Cadence Academy Forney Investment Opportunity

      NNN leased Cadence Academy with favorable escalators in Forney, TX.
      929 College Ave, Forney, TX
      View Details
    • $149,900

      Historic Downtown Forney Corner Property

      High-visibility corner property in historic downtown Forney, Texas.
      401 E Broad St, Forney, TX 75126
      View Details

    FAQs

    What type of property is this?
    Land - Premium lot to build your dream waterfront house.
    Where is this land located?
    The property is located at 18029 Lake Ray Hubbard Dr Forney, TX.
    What is the asking price?
    The asking price for this property is $299,899.
    What are key features of this property?
    This property features: - Premium waterfront lot in the luxury Travis Ranch Marina development on Lake Ray Hubbard.; - Open water views exceeding 180 degrees.; - Located on an exclusive street within a prestigious waterfront community.
    (214) 454-1991
    Request Owner's contact information
    18029 Lake Ray Hubbard Dr Forney, TX 75126
    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.
    18029 Lake Ray Hubbard Dr
    Forney, TX 75126
    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
    18029 Lake Ray Hubbard Dr Forney, TX 75126
    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
    Nick Mirza
    Real Estate License ID: 0708204
    (214) 454-1991
    Learn more
    Google sign-in failed. Please try again or use another login method.