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    Lakefront Estate Land with Spring-Fed Lake Title is generated by Realmo AI

    318 Cold Springs Road, Van Alstyne, TX 75495

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    Claim this Listing
    For Sale
    $3,700,000

    LAND - Other - Van Alstyne, TX

    Lot size:
    74.40 Acres
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 7:06 am

    Property Features for 318 Cold Springs Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Grassed, Brush
    Exterior features
    CoveredCourtyard, Dock, Lighting, PrivateEntrance, PrivateYard, Storage
    Fencing
    Gate, Fenced
    Standard status
    Active
    APN
    136081
    Lot size
    74.40 Acres

    Taxes and HOA fees

    Tax Description
    G-0201 CREAGER WM A-G0201, ACRES 74.4
    Tax Annual Amount
    1803

    Utilities

    Sewer type
    Septic Tank
    Water front features
    Waterfront, Lake Front, Creek
    Water front
    1

    Building Details

    Architectural style
    Other
    Additional Structures
    Storage, Barn(s)

    We can help!

    Listing Contact
    Lance Taylor
    Lance Taylor

    Listing agent Lance Taylor License #0628447

    Listing office Keller Williams Legacy TX

    Listing date May 27, 2026

    MLS# 21281269 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

    • 74.4‑acre estate featuring a 13‑acre spring‑fed lake with waterfront and lakefront frontage
    • Two additional spring‑fed creeks run through the property
    • 5,000 SF fully conditioned barn with AC, electricity, and plumbing
    • Multiple outdoor spaces including covered courtyard, dock, private entrance, and private yard
    • Fully fenced for privacy, with gate access
    • Sewer provided via septic tank

    Overview

    Situated at 318 Cold Springs Road, this 74.4-acre waterfront property is centered on a 13-acre spring-fed lake that is fully stocked and surrounded by native grasslands and mature trees. Two additional spring-fed creeks run through the landscape, adding natural movement across the acreage. The land is fully fenced for privacy while remaining open to expansive, scenic views.

    At the highest point of the property, a 5,000 SF fully conditioned barn is improved with AC, electricity, and plumbing, and is positioned to capture 360-degree panoramic vistas of the lake and uninterrupted horizon lines. Multiple build sites are placed to take advantage of lake views, including potential locations for an estate residence and additional structures that fit a variety of personal compounds.

    Whether you’re planning a single legacy home, a multigenerational compound, or a refined private retreat, the topography, water features, and fenced perimeter provide a rare combination of privacy and build flexibility. Despite its secluded feel, the property is only minutes from Van Alstyne and offers straightforward access to US Hwy 75, supporting convenience without giving up the sense of distance and quiet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Auto Repair Shop Gym & Fitness Center Storage Facility Car Rental Facility Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Alstyne
    County
    Grayson
    State
    Texas
    Longitude
    -96.543688
    Latitude
    33.402399

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    FAQs

    What type of property is this?
    Waterfront Land - Build multiple homes overlooking a fully stocked, spring-fed 13-acre lake with panoramic hilltop views.
    Where is this waterfront land located?
    The property is located at 318 Cold Springs Road Van Alstyne, TX.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: 74.4‑acre estate featuring a 13‑acre spring‑fed lake with waterfront and lakefront frontage; Two additional spring‑fed creeks run through the property; 5,000 SF fully conditioned barn with AC, electricity, and plumbing
    (972) 599-7000
    We can help!
    Listing Contact
    Lance Taylor
    Lance Taylor
    Real Estate License ID: 0628447
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    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.

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    318 Cold Springs Road, Van Alstyne, TX 75495
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