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

    197 Quail Creek Circle Pottsboro, TX 75076

    View on Map
    For Sale
    $125,000

    Improved Land - Pottsboro, TX

    Lot size:
    0.64 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    27
    Last Refresh:
    Apr 2 at 3:06 am

    Property Features for 197 Quail Creek Circle

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Rv Hookup, Rv/Boat Parking
    Standard status
    Active
    APN
    106447
    Lot size
    0.64 Acres

    Building Details

    Architectural style
    Other
    Additional Structures
    RV/Boat Storage

    We can help!

    Listing Contact
    Cristi Perkins
    Cristi Perkins

    Listing agent Cristi Perkins License #0694836

    Listing office Steve Cook & Co, REALTORS 225 Hwy 120 W, Pottsboro, TX

    Listing date Mar 6, 2026

    MLS# 21198849 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

    Versatile Land Near Lake Texoma

    This 0.6-acre corner lot is located off Highport Drive, providing access to Highport Marina on Lake Texoma, Tanglewood Resort, restaurants, and other local amenities. Brookshires Grocery and Ace Hardware are also nearby. The property includes existing infrastructure for two RV hookups, featuring water, electricity, and septic, along with a gravel pad and circle drive. The location offers flexibility and convenience for leasing out sites or personal RV use. Manufactured homes are permitted in this area. The lot has a manageable slope and is adaptable for various uses. The property is located in a welcoming community of full-time residents and weekend visitors. It is located in Pottsboro, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Hotel & Motel Department Store Kitchen & Bath Showroom Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Pottsboro
    County
    Grayson
    State
    Texas
    Longitude
    -96.688639
    Latitude
    33.833492

    Nearby Similar for Sale

    • $975,000

      Pottsboro Storage Facility on 9 Acres

      50-unit storage facility on 9 acres near Lake Texoma.
      470 Lazy Acres Circle, Pottsboro, TX 75076
      View Details
    • $1,000,000

      10 Acres in Growing Corridor

      10-acre tract with commercial potential in a rapidly growing area.
      Tbd Fm-1417, Pottsboro, TX 75020
      View Details
    • $80,000

      Heavily Treed Land Near Lake

      0.56-acre lot in Oak Hills Estates near Lake Texoma.
      116 Oak Hills Drive, Pottsboro, TX 75076
      View Details
    • $465,000

      Ready-to-Build Land in Spout Springs

      Cleared homesite in gated community near Lake Texoma.
      Lot 13 Buck Trail Road, Pottsboro, TX 75076
      View Details
    • $230,000

      Waterview Land in Russwood

      Blank canvas to build your dream home with lake views.
      210 Walnut Lane, Pottsboro, TX 75076
      View Details
    • $79,000

      Pottsboro, TX Vacant Lot

      Vacant lot in Pottsboro near schools and Lake Texoma.
      Lot 14 Lauren Ln., Pottsboro, TX 75076
      View Details
    • $300,000

      Residential Land Near Lake Texoma

      Estate-style lot in gated community near Tanglewood Resort.
      Lot 3 White Tail Way, Pottsboro, TX 75076
      View Details
    • $95,000

      Lake Texoma Land with Utilities

      Corner lot with utilities ready for RV or building.
      203 Preston Shores Drive, Pottsboro, TX 75076
      View Details
    • $259,000

      Boutique RV Park Investment Opportunity

      Boutique 4-space RV park near upcoming Margaritaville and Hard Rock.
      59 Shoreline Road, Pottsboro, TX 75076
      View Details
    • $3,236,550

      Hotel/Motel Near Lake Texoma

      Remodeled motel with multiple buildings and development potential near Lake Texoma.
      75005 N State Hwy 289, Pottsboro, TX 75076
      View Details
    • $205,000

      Acre Lot Near Lake Texoma

      One-acre lot near Lake Texoma to build your dream home.
      497 Brandon Way, Pottsboro, TX 75076
      View Details
    • $259,000

      Boutique RV Park Investment Opportunity

      Boutique 4-space RV park near upcoming Margaritaville Resort.
      59 Shoreline Road, Pottsboro, TX 75076
      View Details

    FAQs

    What type of property is this?
    Recreation land - 0.6-acre corner lot with RV hookups near Lake Texoma.
    Where is this recreation land located?
    The property is located at 197 Quail Creek Circle Pottsboro, TX.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Corner lot with existing infrastructure for two RV hookups (water, electricity, septic) and RV/boat parking.; Conveniently located near Highport Marina on Lake Texoma and Tanglewood Resort.; Manufactured homes are permitted, a rare option near the lake.
    (903) 786-3355
    We can help!
    Listing Contact
    Cristi Perkins
    Cristi Perkins
    Real Estate License ID: 0694836
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!