Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Wooded Land in Cumberland Ridge Title is generated by Realmo AI

    23617 Cove Park, Bullard, TX 75757

    View on Map
    Claim this Listing
    New
    For Sale
    $57,500

    Residential - Bullard, TX

    Lot size:
    0.62 Acres
    Added:
    May 12, 2026
    Days on Market:
    2
    Last Refresh:
    May 13 at 6:06 am

    Property Features for 23617 Cove Park

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.62 Acres

    Taxes and HOA fees

    Tax Annual Amount
    532.47

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Will Wright

    Listing agent Will Wright License #0842524

    Listing office Xcel Properties 107 N Phillips Street, Bullard, TX

    Listing date May 12, 2026

    MLS# 26006639 Listing URL

    Copyright © 2026 Greater Tyler Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Heavily wooded raw land offering natural privacy
    • Located in the desirable Cumberland Ridge community
    • Rolling terrain with elevation changes provides unique building opportunities
    • Mature trees throughout the property create a serene environment
    • Small pond area enhances the natural beauty
    • Ideal for recreational use or weekend retreats

    Overview

    This is 0.615 acres of heavily wooded raw land located in the Cumberland Ridge community. The tract features mature trees, rolling terrain, and elevation changes. A small pond area is situated toward the back of the property. It is ideal for recreational use, weekend retreats, or future improvements. Buyers will need to establish access based on their intended use and verify buildability and all development plans with the HOA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Spa & Massage Center Hair Salon Nail Salon Building Supply Bar & Pub Electrical Service Storage Facility Computer & Electronic Repair Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bullard
    County
    Smith
    State
    Texas
    Longitude
    -95.435764
    Latitude
    32.137324

    Nearby Similar for Sale

    • $875,000

      Prime Bullard Acreage For Development

      32 acre tract in Bullard ISD, primed for development.
      739 FM 344 W, Bullard, TX 75757
      View Details
    • $495,000

      Lake Palestine Water-View Lot

      Residential lot with lake views and community amenities.
      128 N Eagles Peak Dr., Bullard, TX 75757
      View Details
    • $495,000

      Waterfront Homesite in Eagle's Bluff

      Rare 0.6-acre waterfront lot in a private golf community.
      Lot 6C Lake Bluff Drive North, Bullard, TX 75757
      View Details
    • $595,000

      Waterfront Lot in Emerald Bay

      Gorgeous waterfront lot in gated golf course community on Lake Palestine.
      109 Key Allegro Dr, Bullard, TX 75757
      View Details
    • $275,000

      Bullard, TX Acreage For Sale

      Acreage on Old Jacksonville Highway, ideal for investment or living.
      1201 S Houston St, Bullard, TX 75757
      View Details
    • $1,246,000

      Expansive Land on FM 344

      44.5 acres of land ideal for development.
      00 W FM 344, Bullard, TX 75757
      View Details
    • $1,625,000
      3,200 SF

      East Texas Barndominium on Acreage

      Two-story barndominium on 52+/- acres in Bullard, Texas.
      2287 CR 3402, Bullard, TX 75757
      View Details
    • $275,000

      Land on Old Jacksonville Highway

      Land near High School with road construction underway.
      1201 S Houston St, Bullard, TX 75757
      View Details
    • $145,000

      Residential Land in Blue Ridge Estates

      0.997-acre lot in Bullard ISD, Blue Ridge Estates.
      23149 Memory Lane, Bullard, TX 75757
      View Details
    • $145,000

      Residential Land in Blue Ridge Estates

      1.249-acre lot in Bullard ISD, Blue Ridge Estates.
      21404 Memory Lane, Bullard, TX 75757
      View Details
    • $154,900

      Eagles Bluff Corner Lot

      Corner lot in lakeside community with resort-style amenities.
      160 Eagles Bluff Blvd, Bullard, TX 75757
      View Details
    • $145,000

      10 Acres in Bullard, TX

      Versatile 10-acre property in a prime East Texas location.
      9870 FM 855, Bullard, TX 75757
      View Details

    FAQs

    What type of property is this?
    Land - Heavily wooded land ideal for recreation or future improvements.
    Where is this land located?
    The property is located at 23617 Cove Park Bullard, TX.
    What is the asking price?
    The asking price for this property is $57,500.
    What are key features of this property?
    This property features: Heavily wooded raw land offering natural privacy; Located in the desirable Cumberland Ridge community; Rolling terrain with elevation changes provides unique building opportunities
    (903) 894-4431
    We can help!
    Listing Contact
    Will Wright
    Real Estate License ID: 0842524
    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
    23617 Cove Park, Bullard, TX 75757
    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!