Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Runaway Bay, TX Title is generated by Realmo AI

    Lot 29 Brittons Lane, Runaway Bay, TX 76426

    View on Map
    Claim this Listing
    For Sale
    $35,400

    Unimproved Land - Runaway Bay, TX

    Type:Unimproved Land
    Lot size:
    0.38 Acres
    Added:
    Sep 29, 2025
    Days on Market:
    235
    Last Refresh:
    May 21 at 2:06 pm

    Property Features for Lot 29 Brittons Lane

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    765344
    Lot size
    0.38 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Laura Blackburn

    Listing agent Laura Blackburn License #0633566

    Listing office Parker Properties Real Estate 103 N State St, Decatur, TX

    Listing date Sep 29, 2025

    MLS# 21071298 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

    • Convenient access to Lake Bridgeport for boating, fishing, and recreation.
    • Located in Runaway Bay, a friendly community offering a relaxed lifestyle.
    • Peaceful neighborhood setting on Brittions Lane.
    • Ideal location for weekend getaways, retirement, or full‑time residence.
    • Proximity to DFW and Denton (approximately one‑hour drive).
    • Surrounded by the natural beauty of Wise County.

    Overview

    Located on Brittions Lane in Runaway Bay, Texas, this 0.38-acre property offers a setting in Wise County. The lot is situated in a neighborhood, providing convenient access to Lake Bridgeport, which is known for boating, fishing, and outdoor recreation. While the property is not directly on the water, public boat ramps, marinas, and parks are easily accessible. Runaway Bay offers a blend of small-town comfort and outdoor adventure, located approximately an hour's drive from DFW or Denton. This location is suitable for weekend getaways, retirement retreats, or full-time residences. Brittions Lane provides a place to build a home, offering a serene neighborhood setting close to the lake.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Hotel & Motel Department Store Bar & Pub Electrical Service Storage Facility (Bike/Boat/Book/etc) Store Florist

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

    Location Insight

    • Map
    • Local Demand
    City
    Runaway Bay
    County
    Wise
    State
    Texas
    Longitude
    -97.8246
    Latitude
    33.1691

    Nearby Similar for Sale

    • $124,900

      Runaway Bay Warehouse Opportunity

      Versatile commercial unit suitable for business or residential conversion.
      141 Cimmarron Trail, Runaway Bay, TX 76426
      View Details
    • $124,900

      Runaway Bay Improved Land

      Commercial-style unit with bays, suitable for business or residential conversion.
      141 Cimmarron Trail, Runaway Bay, TX 76426
      View Details
    • $28,500

      Residential Lot near Lake Bridgeport

      0.24-acre lot in Runaway Bay, near Lake Bridgeport.
      0000 Shady Oaks Drive, Runaway Bay, TX 76426
      View Details
    • $24,900

      Runaway Bay Treed Lot

      Heavily treed lot in Runaway Bay, near Lake Bridgeport.
      N/A Comewell Court, Runaway Bay, TX 76426
      View Details
    • $225,000

      Waterfront Land on Lake Bridgeport

      Waterfront lot with direct access and open-water views.
      29 Cimmarron Bay Drive, Runaway Bay, TX 76426
      View Details
    • $85,000

      Fairway View Land in Runaway

      0.258-acre lot with golf course and lake views.
      Lot 8 Runaway Bay Drive, Runaway Bay, TX 76426
      View Details
    • $60,000

      Runaway Bay Land Opportunity

      Residential lot in Runaway Bay, close to water access.
      0 Alegro Court, Runaway Bay, TX 76426
      View Details
    • $24,999

      Runaway Bay Land with View

      Cleared lot with lake view and access in Runaway Bay.
      0000 Tryall Court, Runaway Bay, TX 76426
      View Details
    • $28,000

      Runaway Bay Quarter-Acre Lot

      Quarter-acre lot in Runaway Bay, ready for your dream home.
      000 Comewell, Runaway Bay, TX 76426
      View Details
    • $75,000

      Wooded Lot with Metal Building

      Wooded 0.518-acre lot with a metal building in Runaway Bay.
      128 Meadow Pond Court, Runaway Bay, TX 76426
      View Details
    • $28,499

      Residential Lot in Runaway Bay

      Vacant lot for building a dream or vacation home.
      0000 Lanai Court, Runaway Bay, TX 76426
      View Details
    • $37,900

      Residential Lot in Runaway Bay

      0.258-acre residential lot ready for development in Runaway Bay, TX.
      103 Timber Trail, Runaway Bay, TX 76426
      View Details

    FAQs

    What type of property is this?
    Land - Land near Lake Bridgeport, ideal for recreation or residence.
    Where is this land located?
    The property is located at Lot 29 Brittons Lane Runaway Bay, TX.
    What is the asking price?
    The asking price for this property is $35,400.
    What are key features of this property?
    This property features: Convenient access to Lake Bridgeport for boating, fishing, and recreation.; Located in Runaway Bay, a friendly community offering a relaxed lifestyle.; Peaceful neighborhood setting on Brittions Lane.
    (940) 627-9040
    We can help!
    Listing Contact
    Laura Blackburn
    Real Estate License ID: 0633566
    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 29 Brittons Lane, Runaway Bay, TX 76426
    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!