Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Palo Pinto Homesites Available Title is generated by Realmo AI

    3187 N Lakeview Drive, Palo Pinto, TX 76484

    View on Map
    Claim this Listing
    For Sale
    $65,000

    Unimproved Land - Palo Pinto, TX

    Type:Unimproved Land
    Lot size:
    1.08 Acres
    Added:
    Aug 18, 2025
    Days on Market:
    265
    Last Refresh:
    May 9 at 1:06 pm

    Property Features for 3187 N Lakeview Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    566822
    Lot size
    1.08 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kathy Mills

    Listing agent Kathy Mills License #0594578

    Listing office KLM Real Estate 1467 Brown Road, Mansfield, TX

    Listing date Aug 18, 2025

    MLS# 21035645 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

    • Lake Access: Lots are directly across the road from the lake.
    • Boat Dock Proximity: Just a couple minutes drive to the boat dock.
    • Spacious Lots: Several 1+ acre lots available.
    • Water Tap: Water tap has already been set.
    • Country Setting: Offers a country living environment.
    • Deed Restrictions: No mobile homes allowed, ensuring property value.

    Overview

    Available homesites offer the opportunity to build a dream home in a country setting with a small-town feel. The lots are located directly across the road from the lake and are within a couple minutes drive to the boat dock. Water tap has been set. Several lots are available, each 1+ acre in size. Deed restrictions are in place, including a restriction against mobile homes. Lot measurements are available in the attachments. The property is located at 3187 N Lakeview Drive, Palo Pinto, TX 76484.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Big Box & Wholesale Store Travel Agency Plumbing Service (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Palo Pinto
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.286423
    Latitude
    32.64536

    Nearby Similar for Sale

    • $460,000

      Palo Pinto Acreage Homestead

      18+ acres with utilities, ready for your dream home.
      1500 Brown Road, Palo Pinto, TX 76484
      View Details
    • $275,000

      Brazos River Waterfront Land

      Scenic 6.4+ acre waterfront lot on the Brazos River.
      Lot 136 River Canyon Rd, Palo Pinto, TX 76484
      View Details
    • $285,000

      Brazos River Waterfront Land

      6.8+ acre waterfront lot with cliff edge views.
      Lot 135 River Canyon Rd., Palo Pinto, TX 76484
      View Details
    • $200,000

      Land Near Palo Pinto Lake

      6.19 acre land near Palo Pinto Lake, Texas.
      1176 Dunn Drive, Palo Pinto, TX 76484
      View Details
    • $490,000

      Texas Ranch Land Near Brazos

      17.81-acre ranch property near Brazos River in Palo Pinto, TX.
      Tbd Fortune Bend Road, Palo Pinto, TX 76484
      View Details
    • $160,000

      Five Acre Land in Palo Pinto

      Unimproved land to build your dream home near Brazos River.
      Lot 8 Harper Trail, Palo Pinto, TX 76484
      View Details
    • $165,000

      Scenic Acreage with Water Access

      5.984 acres with lake access near Palo Pinto Mountains.
      Tbd Lot 29 New Hope Road, Palo Pinto, TX 76484
      View Details
    • $99,000

      Wooded Land Near Palo Pinto

      Nearly 6 acres of wooded land outside city limits.
      Lot 109 New Hope Road, Palo Pinto, TX 76484
      View Details
    • $125,000

      Palo Pinto Homesite Opportunity

      5+ acre homesite in gated community near Brazos River.
      Lot 101 New Hope Road, Palo Pinto, TX 76484
      View Details
    • $325,000

      Palo Pinto Land with Pond

      10.338 acres in gated community with Brazos River access.
      220 & 230 New Hope Lane, Palo Pinto, TX 76484
      View Details
    • $79,000

      Palo Pinto 5-Acre Land Tract

      5-acre tract in Brazos Mountain Valley Ranch subdivision.
      Tbd Lot 169 Ph 3 Wooded Acres, Palo Pinto, TX 76067
      View Details
    • $766,690

      Expansive Land in Palo Pinto

      35.66 acres of pasture and bottomland, ideal for ranching.
      Tbd N.Wilson, Palo Pinto, TX 76484
      View Details

    FAQs

    What type of property is this?
    Land - Unimproved land for building dream home near the lake.
    Where is this land located?
    The property is located at 3187 N Lakeview Drive Palo Pinto, TX.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Lake Access: Lots are directly across the road from the lake.; Boat Dock Proximity: Just a couple minutes drive to the boat dock.; Spacious Lots: Several 1+ acre lots available.
    (817) 781-9508
    We can help!
    Listing Contact
    Kathy Mills
    Real Estate License ID: 0594578
    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
    3187 N Lakeview Drive, Palo Pinto, TX 76484
    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!