Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6001 Melba Dr Malakoff, TX 75148

    View on Map
    Sponsored
    For Sale
    $925,000

    Waterfront Lot, Residential,Pasture,Horses,Poultry - Malakoff, TX

    Type:Single Family Residence
    Property size:
    1,104 SF
    Lot size:
    3.40 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 10 at 3:06 am

    Property Features for 6001 Melba Dr

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    01330100000030
    Exterior features
    Yes
    Size
    1,104 SF
    Lot size
    3.40 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Debbie French
    Debbie French

    Ebby Halliday Cedar Creek Lake (903) 340-8590

    Listing agent Debbie French (903) 340-8590

    Listing date Mar 7, 2026

    MLS# 109974 Listing URL

    Copyright © 2026 Henderson County Board of REALTORS®. 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

    Waterfront Cottage with Acreage Potential

    This property features a cozy 1,104 sq. ft. lake cottage situated on 3.4 acres with nearly 200 ft of waterfront. The property includes a new boathouse and offers great water depth. The existing residence is suitable as a weekend getaway or temporary accommodation while constructing a new home. Custom house plans for a 5,531 sq. ft. home with 5 beds, 6.5 baths, and a 3-car garage are included. The land is fully fenced with a gated entry and surrounded by mature trees, offering privacy. There are no known restrictions, allowing for potential multiple homes with a county permit for septic systems, livestock, or short-term rentals. The home's interior features a living area with a wood-burning fireplace and a large picture window overlooking the property and open water. The kitchen is equipped with granite countertops, stainless appliances, newer-style cabinets, crown molding, and tile floors. A covered deck extends the living space outdoors. Outbuildings include a large RV-boat barn, a two-bay metal barn with an enclosed shed area, and two tool sheds. Livestock is allowed per acre within Henderson County restrictions. The boathouse features all-aluminum decking, a wide walkway, boat and jet ski lifts, and a covered seating area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Auto Repair Shop Kitchen & Bath Showroom Food Market HVAC Service Discount Store Storage Facility Furniture & Home Goods Electrical Service (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Malakoff
    County
    Henderson
    State
    Texas
    Longitude
    -96.025151
    Latitude
    32.232049

    Nearby Similar for Sale

    • $175,000
      1,975 SF

      Versatile Commercial Property in Malakoff

      Prime downtown location with endless potential for retail or office.
      212 N Terry St, Malakoff, TX 75148
      View Details
    • $299,000
      2,500 SF

      Turn-Key Restaurant in Growing Community

      Restaurant and catering business with retail space in thriving Malakoff.
      213 S Terry St, Malakoff, TX 75148
      View Details
    • $1,300,000
      13,000 SF

      Highway Frontage Commercial Property

      Large commercial property on 3.69 acres with highway frontage.
      11251 State Highway 31 W, Malakoff, TX 75148
      View Details
    • $175,000
      0.06 Acres

      Downtown Malakoff Retail Opportunity

      Versatile commercial property in downtown Malakoff with high visibility.
      212 N Terry St, Malakoff, TX 75148
      View Details
    • $120,000
      1,200 SF

      Malakoff Warehouse on Acreage

      30x40 steel building on over an acre in Malakoff.
      000 County Road 1400, Malakoff, TX 75148
      View Details
    • $175,000
      0.04 Acres

      Historic Corner Building in Malakoff

      Antique brick building in downtown Malakoff near Cedar Creek Lake.
      207 S Terry St, Malakoff, TX 75148
      View Details
    • $135,000
      0.20 Acres

      Malakoff Retail Building on Highway

      Stand-alone retail building with high visibility and easy access.
      505 E Royall Blvd, Malakoff, TX 75148
      View Details
    • $250,000
      1,738 SF

      Downtown Malakoff Retail Space

      Move-in ready retail space, prime location.
      214 Terry St, Malakoff, TX 75148
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 3.4 acres with waterfront, boathouse, and development potential.
    Where is this waterfront land located?
    The property is located at 6001 Melba Dr Malakoff, TX.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - Nearly 200 ft of waterfront with great water depth and a **brand-new, top-of-the-line boathouse with boat and jet ski lifts.**; - 3.4 acres of fully fenced land with gated entry, mature trees, and no known restrictions.; - **Custom 5,531 sq. ft. house plans (5 bed, 6.5 bath, 3-car garage) included in the list price.**
    (903) 340-7747
    Request Owner's contact information
    6001 Melba Dr Malakoff, TX 75148
    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.
    6001 Melba Dr
    Malakoff, TX 75148
    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
    6001 Melba Dr Malakoff, TX 75148
    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 French
    Debbie French
    Real Estate License ID: 0529891
    (903) 340-7747 (903) 340-8590
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!