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

    23039 Prairie Drive, Whitney, TX 76692

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Improved Land - Whitney, TX

    Lot size:
    0.26 Acres
    Added:
    Aug 28, 2025
    Days on Market:
    256
    Last Refresh:
    May 10 at 8:06 am

    Property Features for 23039 Prairie Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    145756
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Expense value
    1050
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Fabiola Suceveanu

    Listing agent Fabiola Suceveanu License #0720468

    Listing office United Real Estate 5217 Alpha Road Suite 110, Dallas, TX

    Listing date Aug 28, 2025

    MLS# 21044529 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

    • Access to White Bluff Resort amenities: two 18‑hole golf courses, restaurants/bar, 4 swimming pools, playgrounds, 3 lighted tennis courts, Lake Whitney access, boat ramp, and RV camping.
    • Enjoy gated community living with security and privacy.
    • Opportunity to build a custom dream home.
    • Country living environment with wildlife scenery.
    • Discount available for purchasing multiple lots.
    • Located within White Bluff Resort, a prestigious community.

    Overview

    This vacant interior lot is located within the gated community of White Bluff Resort. Residents benefit from access to two 18-hole golf courses, restaurants and a bar, four swimming pools, playgrounds, three lighted tennis courts, a boat ramp to Lake Whitney, and RV camping facilities. The property offers country living with wildlife scenery. This lot is 0.257 acres. The seller also has two 0.35 acre lots for sale in the White Bluff Subdivision, located at 12141 Trailwood Drive and 12119 Westmeadow Drive. The 0.35 acre lots are listed individually for $18,000 each, or both can be purchased together for $30,000. This property is located in Whitney, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitney
    County
    Hill
    State
    Texas
    Longitude
    -97.3167
    Latitude
    31.9659

    Nearby Similar for Sale

    • $339,900

      Office Space Near White Bluff Resort

      Office space or residence near White Bluff Resort, Whitney, TX.
      5528 Fm 933, Whitney, TX 76692
      View Details
    • $380,000

      Versatile Commercial Property Near Whitney

      Commercial property with main building, storage units, and secondary structure.
      4444 Fm 933, Whitney, TX 76692
      View Details
    • $2,500,000

      Turnkey Bar & Restaurant Business

      Thriving bar and restaurant near Lake Whitney for sale.
      3261 Fm 933, Whitney, TX 76692
      View Details
    • $140,000

      Land Near Lake Whitney

      One-acre property with utilities and storage buildings near Lake Whitney.
      1023 Fm 1713, Whitney, TX 76692
      View Details
    • $800,000

      Lake Whitney RV Park Business

      Well-kept 4-acre RV park with lake access and multiple revenue streams.
      128 Yellowstone Drive, Whitney, TX 76692
      View Details
    • $375,000
      4,264 SF

      Three Homes Near Lake Whitney

      Three homes on one lot near Lake Whitney, Texas.
      000 Linda Lee Crossing, Whitney, TX 76692
      View Details
    • $875,000
      13,362 SF

      Retail Property with Vacant Space

      Retail property with Family Dollar and vacant, remodeled space.
      309 S Bosque Street, Whitney, TX 76692
      View Details
    • $1,424,950
      4,048 SF

      Texas Ranch with Fabrication Shop

      45-acre ranch featuring a fabrication shop and custom-designed home.
      588 HCR 1231, Whitney, TX 76692
      View Details
    • $379,000
      640 SF

      Recreational Paradise Near Lake Whitney

      15-acre recreational property with cabin near Lake Whitney.
      214 Cedar Creek Park Road, Whitney, TX 76692
      View Details
    • $325,000

      Lakefront Homesite in White Bluff

      Resort property with lake views and golf membership.
      28021 White Bluff Drive, Whitney, TX 76692
      View Details
    • $499,999

      Retail Building on Busy Highway

      Established smoke and chew shop with growth potential on busy highway.
      1225 N Brazos Street, Whitney, TX 76692
      View Details
    • $389,250

      Land Suitable for Development

      Land in Whitney, TX, ideal for commercial or residential development.
      0000 Sims Drive, Whitney, TX 76692
      View Details

    FAQs

    What type of property is this?
    Land - Vacant lot in White Bluff Resort with many amenities.
    Where is this land located?
    The property is located at 23039 Prairie Drive Whitney, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Access to White Bluff Resort amenities: two 18‑hole golf courses, restaurants/bar, 4 swimming pools, playgrounds, 3 lighted tennis courts, Lake Whitney access, boat ramp, and RV camping.; Enjoy gated community living with security and privacy.; Opportunity to build a custom dream home.
    (972) 372-0590
    We can help!
    Listing Contact
    Fabiola Suceveanu
    Real Estate License ID: 0720468
    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
    23039 Prairie Drive, Whitney, TX 76692
    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!