Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    37 Hanna Cove Dr Denison, TX 75020

    Sponsored
    For Sale
    $129,000

    Unimproved Land - Denison, TX

    Type:Unimproved Land
    Lot size:
    0.70 Acres
    Days on Market:
    193
    Last Refresh:
    Feb 9 at 9:06 pm

    Property Features for 37 Hanna Cove Dr

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    101355
    Lot size
    0.70 Acres

    Utilities

    Water front features
    Lake Front – Corps Of Engineers, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    DEBBIE HUDNALL

    Paragon Realtors (903) 893-8174

    Listing agent DEBBIE HUDNALL (903) 893-8174 License #0475849

    Listing date Aug 1, 2025

    MLS# 21019494 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.

    Learn more

    Property Insight Report

    Overview

    Lake Texoma Land Opportunity

    Two vacant lots, identified as Lots 10 & 11, are available within the Hanna Cove Estates Subdivision. Lot 10 features a south property line adjacent to Corp Property, providing unobstructed access to the Lake Texoma shoreline. The lots are located near Grandpappy Marina and the Point restaurant. A concrete drive leads directly to the Corp Road, providing access to the Lake Texoma pump station and a private pathway to the cove. The location offers opportunities for fishing, boating, and other outdoor activities. The area is near the upcoming Preston Harbor development across HWY 84. Quick access to HWY 75 and HWY 289 provides convenient access to shopping and dining options. The combined lot size is 0.7 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Hotel & Motel Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Denison
    County
    Grayson
    State
    Texas
    Longitude
    -96.632796
    Latitude
    33.845436

    Nearby Similar for Sale

    • $859,900
      0.14 Acres

      Downtown Denison Retail Investment Opportunity

      Fully occupied retail building in the heart of downtown Denison.
      431 W Main St, Denison, TX 75020
      View Details
    • $699,900
      2,432 SF

      High-Visibility Retail/Restaurant Opportunity

      Prime location for fast-food or full-service dining in Denison, TX.
      1901 W Morton St, Denison, TX 75020
      View Details
    • New
      $725,000
      15.82 Acres

      Denison Land Near Preston Harbor

      15-acre boutique property near downtown Denison and Lake Texoma.
      2601 Randell Lake Rd, Denison, TX 75020
      View Details
    • $2,700,000
      36,000 SF

      Versatile Historic Denison Building

      36,000 SF building with offices, penthouse, and parking.
      531 W Main St, Denison, TX 75020
      View Details
    • $1,999,000
      2,534 SF

      Picturesque Farmhouse on 61 Acres

      3-bedroom farmhouse on 61 acres with a 30x60 shop.
      4489 E Farm To Market 120, Denison, TX 75021
      View Details
    • $449,900
      0.66 Acres

      Restaurant Building with Drive-Through

      Renovated restaurant building with drive-through in Denison, Texas.
      2400 Woodlawn Blvd, Denison, TX 75020
      View Details
    • $699,000
      3,706 SF

      Renovated Office and Art Studio

      Renovated 1920s building ideal for creative workspace or retail.
      500 W Woodard St, Denison, TX 75020
      View Details
    • $1,289,000
      5.86 Acres

      Retail and Shop Space on Highway

      Retail space and shop on 5.85 acres with frontage.
      6073 W Fm 120, Denison, TX 75020
      View Details
    • $2,400,000
      1,330 SF

      96-Acre Farmhouse with Bunkhouse

      Expansive property with farmhouse, bunkhouse, pond, and horse track.
      2550 E Fm 120, Denison, TX 75021
      View Details
    • $325,000
      0.14 Acres

      Charming Retail Building in Denison

      Versatile retail space with living quarters in a high-traffic location.
      530 W Owings St, Denison, TX 75020
      View Details
    • $928,000
      0.37 Acres

      Denison Townhomes: Investment Opportunity

      Six connected townhomes with value-add potential in Denison, Texas.
      705 W Crawford St, Denison, TX 75020
      View Details
    • $928,000
      0.37 Acres

      Denison Townhomes: Investment Opportunity

      Six connected townhomes in Denison, TX, with value-add potential.
      705 W Crawford St, Denison, TX 75020
      View Details

    FAQs

    What type of property is this?
    Land - Two adjacent lots near Lake Texoma with lake access.
    Where is this land located?
    The property is located at 37 Hanna Cove Dr Denison, TX.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: - Two adjacent vacant lots in Hanna Cove Estates Subdivision.; - Lot 10's south property line directly borders Corp Property, providing unobstructed access to Lake Texoma shoreline.; - Convenient access to Grandpappy Marina and Point restaurant.
    (903) 893-8174
    Request Owner's contact information
    37 Hanna Cove Dr Denison, TX 75020
    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.
    37 Hanna Cove Dr
    Denison, TX 75020
    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
    37 Hanna Cove Dr Denison, TX 75020
    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

    We can help!
    Listing Contact
    DEBBIE HUDNALL
    Real Estate License ID: 0475849
    (903) 893-8174
    Learn more
    Google sign-in failed. Please try again or use another login method.