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

    Lot 28 Scenic Drive Lone Oak, TX 75453

    View on Map
    For Sale
    Contact for pricing

    Improved Land - Lone Oak, TX

    Lot size:
    0.14 Acres
    Added:
    Dec 3, 2025
    Days on Market:
    119
    Last Refresh:
    Apr 1 at 8:06 pm

    Property Features for Lot 28 Scenic Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    77444
    Lot size
    0.14 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Martie Abercrombie
    Martie Abercrombie

    Listing agent Martie Abercrombie License #0506753

    Listing office Century 21 First Group 1067 Gilmer Street, Sulphur Springs, TX

    Listing date Dec 3, 2025

    MLS# 21124813 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

    Land Near Lake Tawakoni

    Located south of Lone Oak, this 0.138-acre lot is situated in the Rolling Hills Subdivision on the shores of Lake Tawakoni. The lot backs up to land owned by the Sabine River Authority, ensuring no rear neighbors. Rolling Hills is a neighborhood with a mix of site-built and manufactured homes, including some waterfront properties. A boat ramp is located in the neighborhood to the south of this property on Shoreline Drive. The property is located in Lone Oak, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Gym & Fitness Center Auto Repair Shop Hotel & Motel Department Store Grocery & Convenience Store Storage Facility Wine and Liquor Store Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Lone Oak
    County
    Hunt
    State
    Texas
    Longitude
    -95.9709
    Latitude
    32.916126

    Nearby Similar for Sale

    • $450,000

      Lone Oak Corner Property

      Corner property with highway frontage and multiple buildings in Lone Oak.
      101 Main Street, Lone Oak, TX 75453
      View Details
    • $74,999

      Commercial Corner Lot in Lone Oak

      Prime commercial lot with utilities in a growing community.
      101 Wallace Street, Lone Oak, TX 75453
      View Details
    • $387,000

      Improved Land Ready For Development

      7.289 acres with shop, utilities, pastures, and AG use.
      7483 County Road 3223, Lone Oak, TX 75453
      View Details
    • $525,000

      Pastoral Ranch Near Lake Tawakoni

      27+ acre ranch with ponds, barn, and fencing near Dallas.
      Rs County Road 1691, Lone Oak, TX 75453
      View Details
    • $525,000

      Prime Acres in Lone Oak

      30-50 acre land ideal for residential, ranching, or recreation.
      0000 County Road 3226, Lone Oak, TX 75453
      View Details
    • $84,000

      Corner Lot Near Lake Tawakoni

      Corner lot near Lake Tawakoni with utilities and fencing.
      102 Rs County Road 1622, Lone Oak, TX 75453
      View Details
    • $1,800,000

      Approved RV Park Development Site

      43 acre RV park development site near Lake Tawakoni.
      7829 Fm 513 S, Lone Oak, TX 75453
      View Details
    • $161,000

      Waterfront Land on Lake Tawakoni

      1.23 acre waterfront lot on Lake Tawakoni shores.
      Lot 11 Longview Lane, Lone Oak, TX 75453
      View Details
    • $265,000

      Commercial Building on Highway 69

      Commercial building in Lone Oak, Texas, with highway frontage.
      202 US Highway 69 N, Lone Oak, TX 75453
      View Details
    • $100,000

      Lake Tawakoni Waterfront Land

      Two waterfront lots on Lake Tawakoni, near Dallas.
      3892 Thunder Point Drive, Lone Oak, TX 75453
      View Details
    • $295,000

      Lone Oak Retail Opportunity

      1,794 SF retail property in downtown Lone Oak, TX.
      207 Katy Street, Lone Oak, TX 75453
      View Details
    • $200,000

      11 Acre Ranch in Lone Oak

      11 acre ranch property with road frontage near Dallas.
      Tract 9 County Rd 3216, Lone Oak, TX 75453
      View Details

    FAQs

    What type of property is this?
    Land - Residential lot in Rolling Hills subdivision near Lake Tawakoni.
    Where is this land located?
    The property is located at Lot 28 Scenic Drive Lone Oak, 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: Backs up to Sabine River Authority land, ensuring permanent backyard privacy.; Located in Rolling Hills Subdivision on Lake Tawakoni.; Affordable neighborhood with a mix of home types.
    (903) 885-3146
    We can help!
    Listing Contact
    Martie Abercrombie
    Martie Abercrombie
    Real Estate License ID: 0506753
    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!