Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land in Gated Community Title is generated by Realmo AI

    Lot 2 Admiral Shores Drive, Streetman, TX 75859

    View on Map
    Claim this Listing
    For Sale
    $95,000

    Improved Land - Streetman, TX

    Lot size:
    1.01 Acres
    Added:
    Nov 19, 2025
    Days on Market:
    173
    Last Refresh:
    May 11 at 9:06 am

    Property Features for Lot 2 Admiral Shores Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    113375
    Lot size
    1.01 Acres

    Taxes and HOA fees

    Expense value
    1200
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kelly Pearson
    Kelly Pearson

    Listing agent Kelly Pearson License #0609012

    Listing office Monument Realty 3620 Star Blvd. Suite 1205, Frisco, TX

    Listing date Nov 19, 2025

    MLS# 21112079 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

    • Build your dream lake home in the private, gated community of Admiral Shores on Richland Chambers Reservoir.
    • Enjoy excellent fishing and various water activities on Richland Chambers Reservoir.
    • Peaceful and quiet setting with lake views.
    • Sloping lot is perfect for building.
    • Only one hour from Dallas.
    • Opportunity to purchase adjacent lot (LOT 1) for expanded possibilities.

    Overview

    This one-acre lot presents an opportunity to build a custom lake home within Admiral Shores, a private gated community. Located on Richland Chambers Reservoir, the sloping lot offers potential lake views. The property is approximately one hour from Dallas. Richland Chambers Reservoir is known for fishing and water activities such as sailing, water skiing, kayaking, and leisurely cruising. The lake's size and relatively low boat traffic make it suitable for water enthusiasts. The adjacent Lot 1 is also available for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Building Supply HVAC Service Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Streetman
    County
    Freestone
    State
    Texas
    Longitude
    -96.2795
    Latitude
    31.9013

    Nearby Similar for Sale

    • $300,000

      Richland Chambers Lake Dream Home Site

      Ideal lot for a custom home on Richland Chambers Lake.
      Lot 25 Sandy Cove Court, Streetman, TX 75859
      View Details
    • $677,000

      Prime Commercial Land Opportunity

      Highly visible 2+ acre commercial property with endless possibilities.
      260 Spur 114, Streetman, TX 75859
      View Details
    • $328,500

      Lakefront Lot in Gated Community

      1-acre lakefront lot with 320 feet of shoreline.
      Lot 19 Lake Ridge Drive, Streetman, TX 75859
      View Details
    • $425,000

      Waterfront Land in Gated Community

      1.16-acre waterfront lot with 553 feet of dockable shoreline.
      Lot 18 Lake Ridge Drive, Streetman, TX 75859
      View Details
    • $29,000

      Heavily Wooded Homesite Near Richland Chambers

      1.39-acre homesite in a gated lakeshore subdivision on Richland Chambers Lake.
      Lot 133 Lincoln Drive, Streetman, TX 75859
      View Details
    • $75,200

      Streetman, TX Vacant Land

      5.26-acre vacant lot in Richland Park subdivision, Streetman, Texas.
      00 Paradise Cove, Streetman, TX 75859
      View Details
    • $28,900

      Wooded Lot Near Richland Chambers

      Secluded, wooded 1-acre lot in The Wilderness Subdivision.
      131 Lincoln Drive, Streetman, TX 75859
      View Details
    • $209,900

      Richland Chambers Lake Waterfront Homesite

      Rare 1-acre lakefront property with 150+ feet of shoreline.
      Lot 29 Admiral Shores, Streetman, TX 75859
      View Details
    • $60,000

      Richland Chambers Lake Land Parcel

      1.016 acre lot in gated lake community.
      Lot 15 Open Water Way, Streetman, TX 75859
      View Details
    • $29,000

      Heavily Wooded Homesite Near Lake

      1.34-acre lot in gated community near Richland Chambers Lake.
      Lot 132 Lincoln Drive, Streetman, TX 75859
      View Details
    • $234,000

      Lakefront Lot in Gated Community

      Rare 1-acre lakefront lot ready for your dream home.
      7049tbd Lake Vista Drive, Streetman, TX 75859
      View Details
    • $34,500

      Lake View Acreage in Streetman

      1.01 acre lot near Richland Chambers Lake.
      Lot 134 Lake Vista Drive, Streetman, TX 75859
      View Details

    FAQs

    What type of property is this?
    Land - One-acre lot in a gated community near Richland Chambers Reservoir.
    Where is this land located?
    The property is located at Lot 2 Admiral Shores Drive Streetman, TX.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: Build your dream lake home in the private, gated community of Admiral Shores on Richland Chambers Reservoir.; Enjoy excellent fishing and various water activities on Richland Chambers Reservoir.; Peaceful and quiet setting with lake views.
    (214) 705-7827
    We can help!
    Listing Contact
    Kelly Pearson
    Kelly Pearson
    Real Estate License ID: 0609012
    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 2 Admiral Shores Drive, Streetman, TX 75859
    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!