Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Possum Kingdom Lake Estate Lot Title is generated by Realmo AI

    Lots 4-6 Hells Gate Loop, Strawn, TX 76475

    View on Map
    Claim this Listing
    For Sale
    $119,999

    Unimproved Land - Possum Kingdom Lake, TX

    Type:Unimproved Land
    Lot size:
    2.95 Acres
    Added:
    Nov 17, 2025
    Days on Market:
    190
    Last Refresh:
    May 26 at 9:06 pm

    Property Features for Lots 4-6 Hells Gate Loop

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    26182
    Lot size
    2.95 Acres

    Taxes and HOA fees

    Expense value
    1125
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Merit Holstein

    Listing agent Merit Holstein License #0762126

    Listing office Possum Kingdom Real Estate 1677 Park Road 36, Graford, TX

    Listing date Nov 17, 2025

    MLS# 20919604 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

    • Discover this 2.95‑acre estate lot in Sportsman’s World at Possum Kingdom Lake.
    • This property allows for an additional dwelling, outbuildings, cattle, or farm animals.
    • Potential for a short‑term rental (STR) investment property.
    • Enjoy easy access to boating, fishing, and lake adventures via nearby full‑service marina.
    • Community amenities include a marina, pool, playground, tennis courts, and a private airstrip.
    • Convenient general store located at the neighborhood entrance.

    Overview

    This 2.95-acre estate property is located in the Sportsman’s World community at Possum Kingdom Lake. As an estate lot, the property allows for an additional dwelling, outbuildings, and even cattle or farm animals. The location is near the full-service marina, providing access to boating, fishing, and lake activities. A general store is located at the neighborhood entrance. Sportsman’s World offers community amenities including a marina, pool, playground, tennis courts, and a private airstrip. The property is suitable for building a home or short-term rental investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Big Box & Wholesale Store Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Strawn
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.489229
    Latitude
    32.839343

    Nearby Similar for Sale

    • $1,550,000

      Texas Ranch with Panoramic Views

      100+ acre ranch featuring dramatic topography and exceptional views.
      1875 County Road 494, Strawn, TX 76475
      View Details
    • $949,000

      Sportsman's World Log Cabin Retreat

      Secluded log cabin on 11 acres near Possum Kingdom Lake.
      186 W Hells Gate Drive, Strawn, TX 76475
      View Details
    • $115,000

      Possum Kingdom Lake Build Lot

      Level, cleared lot near Hells Gate with potential views.
      6048 Hells Gate Loop, Possum Kingdom Lake, TX 76475
      View Details
    • $899,000

      Possum Kingdom Lake Land

      Unimproved land near Hells Gate, Possum Kingdom Lake.
      1040 Bluff Creek Point, Possum Kingdom Lake, TX 76475
      View Details
    • $105,000

      Possum Kingdom Lake Land Parcel

      2.6+ acre lot near Hell’s Gate at Possum Kingdom Lake.
      8021 Hells Gate Loop, Possum Kingdom Lake, TX 76475
      View Details
    • $114,990

      Possum Kingdom Lake View Land

      Unimproved land with lake views and community amenities.
      7032 Hells Gate Loop, Strawn, TX 76475
      View Details
    • $315,000

      Possum Kingdom Lake Unimproved Land

      Large lot near Possum Kingdom Lake with community amenities.
      Lot 5r Bluff Creek Drive, Possum Kingdom Lake, TX 76475
      View Details
    • $285,000

      Possum Kingdom Lake Unimproved Land

      1.996 acre lot near Hells Gate Cove.
      7092 Hells Gate Loop, Possum Kingdom Lake, TX 76475
      View Details
    • $245,000

      Possum Kingdom Lake Unimproved Land

      1.967 acres of land near Hells Gate Cove.
      8045 Hells Gate Loop, Possum Kingdom Lake, TX 76475
      View Details
    • $175,000

      Vacant Land Near Possum Kingdom

      Spacious lot near Possum Kingdom Lake with partial lake view.
      1008 Bluff Creek Drive, Strawn, TX 76475
      View Details
    • $552,000

      Scenic Land in Strawn, Texas

      34.5-acre tract perfect for building a dream home.
      Lots 10,11,12 Spur Road, Strawn, TX 76475
      View Details
    • $160,000

      Strawn, TX 10-Acre Land Tract

      10-acre tract with mature trees, creek, and panoramic views.
      Lot 5 Mustang Trail, Strawn, TX 76475
      View Details

    FAQs

    What type of property is this?
    Land - 2.95-acre estate property near Possum Kingdom Lake marina.
    Where is this land located?
    The property is located at Lots 4-6 Hells Gate Loop Strawn, TX.
    What is the asking price?
    The asking price for this property is $119,999.
    What are key features of this property?
    This property features: Discover this 2.95‑acre estate lot in Sportsman’s World at Possum Kingdom Lake.; This property allows for an additional dwelling, outbuildings, cattle, or farm animals.; Potential for a short‑term rental (STR) investment property.
    (940) 779-1111
    We can help!
    Listing Contact
    Merit Holstein
    Real Estate License ID: 0762126
    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
    Lots 4-6 Hells Gate Loop, Possum Kingdom Lake, TX 76475
    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!