Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Land Near Richland Chambers Title is generated by Realmo AI

    Lot 5 & 6 Francisco Bay Drive, Kerens, TX 75144

    View on Map
    Claim this Listing
    For Sale
    $34,900

    Unimproved Land - Kerens, TX

    Type:Unimproved Land
    Lot size:
    1.25 Acres
    Added:
    Jan 17, 2026
    Days on Market:
    114
    Last Refresh:
    May 11 at 2:06 am

    Property Features for Lot 5 & 6 Francisco Bay Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    61201
    Lot size
    1.25 Acres

    Taxes and HOA fees

    Expense value
    1000
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Julie Teel

    Listing agent Julie Teel License #0380798

    Listing office RE/MAX Lakeside Dreams 2705 SE CR 3110, Corsicana, TX

    Listing date Jan 17, 2026

    MLS# 20795157 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

    • Double lot size provides ample space for building a custom lake home and adding amenities.
    • Access to a private boat ramp, community pool, and outdoor pavilion offers convenient lake living.
    • Located in Francisco Bay, a community with minimum square footage requirements that help maintain property values.
    • Quiet corner location with mature trees along the back provides added privacy.
    • Conveniently located between Dallas and Houston off Interstate 45.
    • Adjacent lots are also available, offering the opportunity to create an even larger property.

    Overview

    This property features combined off-water lots in Francisco Bay on Richland Chambers Lake, offering a generous 1.25-acre building site on a quiet corner. The land provides potential lake views and a line of mature trees along the back for added privacy. There is ample space for designing a lake home, with room for extras such as an outdoor kitchen, fire pit, or even a pickleball court. Francisco Bay allows site-built homes with minimum square footage requirements of 1,600 to 1,800 square feet. Residents have access to a private boat ramp, community pool, and outdoor pavilion. Located between Dallas and Houston off Interstate 45, this property offers access to Richland Chambers Lake.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kerens
    County
    Navarro
    State
    Texas
    Longitude
    -96.199
    Latitude
    32.1018

    Nearby Similar for Sale

    • $371,500

      Waterfront Lot on Richland Chambers

      Waterfront land for custom lake home with open water views.
      Lot 32 Embarcadero, Kerens, TX 75144
      View Details
    • $43,000

      Kerens, TX Commercial Building

      Classic brick building in downtown Kerens with high potential.
      120 3rd Street, Kerens, TX 75144
      View Details
    • $319,000

      Waterfront Land Ready For Building

      Three lots on Richland Chambers Lake ready for your dream home.
      Lot 21,22,23 Embarcadero, Kerens, TX 75144
      View Details
    • $60,000

      Kerens Commercial Building For Sale

      2,136 sq ft commercial building in downtown Kerens, TX.
      108 S Colket Street, Kerens, TX 75144
      View Details
    • $97,995

      Kerens Commercial Lot For Sale

      Cleared 0.241-acre lot with highway frontage and utilities.
      210 NE 2nd St, Kerens, TX 75144
      View Details
    • $97,995

      Kerens, TX Commercial Land Opportunity

      Cleared 0.241 acre lot with highway frontage and utilities.
      210 NE 2nd Street, Kerens, TX 75144
      View Details
    • $89,900

      Waterfront Land in Gated Community

      Waterfront lot in luxury RV and tiny home community.
      Lot 117 Peninsula Road, Kerens, TX 75144
      View Details
    • $99,900

      Waterfront Lot in Gated Community

      Waterfront lot with RV pad in luxury community.
      Lot 118 Peninsula Road, Kerens, TX 75144
      View Details
    • $125,000

      Waterfront RV Lot in Kerens

      Turnkey waterfront RV lot with resort-style amenities.
      6454 Peninsula Road, Kerens, TX 75144
      View Details
    • $450,000

      Waterfront Land on Richland Chambers

      3.125-acre waterfront property with 300 feet of shoreline.
      Tbd SE CR 3230A, Kerens, TX 75144
      View Details
    • $920,000

      Waterfront Land on Richland Chambers

      23.45-acre tract with 680 feet of open-water frontage.
      Tract 2 SE County Road 3230, Kerens, TX 75144
      View Details
    • $100,000

      6 Acres Near Richland Chambers

      6-acre tract in Kerens, TX, near Richland Chambers Lake.
      12631 County Road 3270, Kerens, TX 75144
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Generous building site near Richland Chambers Lake with community amenities.
    Where is this residential land & home lot located?
    The property is located at Lot 5 & 6 Francisco Bay Drive Kerens, TX.
    What is the asking price?
    The asking price for this property is $34,900.
    What are key features of this property?
    This property features: Double lot size provides ample space for building a custom lake home and adding amenities.; Access to a private boat ramp, community pool, and outdoor pavilion offers convenient lake living.; Located in Francisco Bay, a community with minimum square footage requirements that help maintain property values.
    (903) 874-0001
    We can help!
    Listing Contact
    Julie Teel
    Real Estate License ID: 0380798
    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 5 & 6 Francisco Bay Drive, Kerens, TX 75144
    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!