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

    23 Promontory Port Comanche, TX 76442

    View on Map
    Claim this Listing
    For Sale
    $79,900

    Improved Land - Comanche, TX

    Lot size:
    0.25 Acres
    Added:
    Sep 4, 2025
    Days on Market:
    230
    Last Refresh:
    Apr 21 at 10:06 am

    Property Features for 23 Promontory Port

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Outdoor Kitchen, Rv Hookup, Rv/Boat Parking
    Standard status
    Active
    APN
    00
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Expense value
    36
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Building Details

    Architectural style
    Other
    Additional Structures
    Outdoor Kitchen, RV/Boat Storage

    We can help!

    Listing Contact
    Cindy Newman
    Cindy Newman

    Listing agent Cindy Newman

    Listing office PRIME COUNTRY REAL ESTATE 701 W. Central P. O. Box 159, COMANCHE, TX

    Listing date Sep 4, 2025

    MLS# 21050195 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

    Lake Proctor Improved Land Package

    This property includes two consecutive lots, suitable for family gatherings or a private retreat. It features a bunkhouse for guests, a fully equipped RV, a covered RV shed, and two sheds for boat storage. An outdoor kitchen is also present. The lot size is 0.25 acres. Located in Comanche, TX, this property is ideal for fishing and outdoor cooking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Comanche
    County
    Comanche
    State
    Texas
    Longitude
    -98.6578
    Latitude
    31.9079

    Nearby Similar for Sale

    • $849,000
      5,823 SF

      Comanche Retail and Warehouse Property

      Renovated retail store with warehouse and drive-through loading.
      401 E Central Avenue, Comanche, TX 76442
      View Details
    • $299,000

      Comanche Industrial Property on Highway

      High-visibility commercial property with two metal shops on 0.87 acres.
      503 central, Comanche, TX 76442
      View Details
    • $349,000

      Versatile Property in Comanche, Texas

      Prime location suitable for business, office, retail, or B&B.
      908 N Austin St, Comanche, TX 76442
      View Details
    • $265,000

      Updated Retail Building with Parking

      Updated 2740 SF retail building with parking in Comanche, TX.
      1303 E Central Avenue, Comanche, TX 76442
      View Details
    • $750,000
      13,106 SF

      Comanche Multifamily Investment Opportunity

      16-unit multifamily property in Comanche, Texas with value-add potential.
      1316 N Mary St, Comanche, TX 76442
      View Details
    • $390,500

      Productive Ranch Near Comanche, Texas

      62.13-acre ranch ideal for livestock or hay production.
      965 CR 415, Comanche, TX 76442
      View Details
    • $350,000

      Comanche Office with Apartment

      Renovated office space with upstairs apartment near town square.
      306 N Austin Street, Comanche, TX 76442
      View Details
    • $515,000

      Turnkey Beer Garden in Historic Building

      Thriving beer garden in restored 1913 building on town square.
      120 N Austin Street, Comanche, TX 76442
      View Details
    • $649,000

      Iconic Mixed-Use Building in Comanche

      Three-story building with retail, residential, and event space potential.
      100 W Central Avenue, Comanche, TX 76442
      View Details
    • $695,000

      38 Acre Ranch with Cottage

      38-acre ranch featuring a refreshed 1300 SF cottage and two tanks.
      380 COUNTY ROAD 424, Comanche, TX 76442
      View Details
    • $199,900

      Comanche Warehouse Near Highway

      Large warehouse near highways 377 and 67 in Comanche, TX.
      103 Indian Creek Drive, Comanche, TX 76442
      View Details
    • $750,000

      Comanche Multifamily Investment Opportunity

      16-unit multifamily property in Comanche, Texas, for sale.
      1316 N Mary Street, Comanche, TX 76442
      View Details

    FAQs

    What type of property is this?
    Land - Two lots with bunkhouse, RV, sheds, and outdoor kitchen.
    Where is this land located?
    The property is located at 23 Promontory Port Comanche, TX.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: Two consecutive lots on Lake Proctor offering privacy and space.; Fully equipped outdoor kitchen ideal for entertaining.; Includes a fully equipped RV and covered RV shed.
    (325) 356-1766
    We can help!
    Listing Contact
    Cindy Newman
    Cindy Newman
    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!