Sign Up Successful!
You now have access to more from Realmo!
    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

    8 Lakewood Dr Whitney, TX 76692

    Sponsored
    For Sale
    $124,900

    Improved Land - Whitney, TX

    Lot size:
    3.00 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 24 at 6:06 am

    Property Features for 8 Lakewood Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    126138
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    3.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kaitlyn Amundson

    Texas Ally Real Estate Group (512) 763-2559

    Listing agent Kaitlyn Amundson (512) 763-2559 License #0839000

    Listing date Feb 23, 2026

    MLS# 21185056 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

    Residential Land in Gated Subdivision

    This 3-acre lot is located within the city limits of Whitney, Texas, and features mature trees throughout. It is situated in the gated Lakewood Acres subdivision, which offers city water service, underground electric, and a chip-sealed road. Deed restrictions are aligned with City of Whitney standards. This property presents an opportunity for a wooded homesite with a country living feel, located close to town.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Whitney
    County
    Hill
    State
    Texas
    Longitude
    -97.32040671
    Latitude
    31.93552014

    Nearby Similar for Sale

    • $609,900
      8.00 Acres

      Highway Frontage Commercial Business Opportunity

      8 acres with multiple buildings, highway frontage, and business potential.
      1409 State Highway 22, Whitney, TX 76692
      View Details
    • $349,900
      600 SF

      Barndominium on 10+ Acres

      Barndominium with shop room near Lake Whitney.
      0000 State Highway 22, Whitney, TX 76692
      View Details
    • New
      $1,699,999
      14.00 Acres

      Lake Whitney Ranch Retreat

      Farm-style ranch on Lake Whitney, sleeps 32, income-producing VRBO.
      175 Tobacco Rd, Whitney, TX 76692
      View Details
    • $340,000
      0.87 Acres

      Whitney Office/Residential Opportunity Near Resort

      Office or residence near White Bluff Resort with income potential.
      5528 Fm 933, Whitney, TX 76692
      View Details
    • $899,000
      3,518 SF

      Ranch Retreat Near Whitney, Texas

      Spacious ranch on 28 acres near Whitney and Lake Whitney.
      338 Hcr-2124 Loop, Whitney, TX 76692
      View Details
    • $269,500
      0.40 Acres

      Retail Property in Whitney, Texas

      Retail property with high visibility and ample parking.
      804 S Bosque St, Whitney, TX 76692
      View Details
    • $499,999
      0.43 Acres

      Retail Building on Busy Highway

      Established smoke and chew shop with growth potential on busy highway.
      1225 N Brazos St, Whitney, TX 76692
      View Details
    • $800,000
      4.52 Acres

      Lake Whitney RV Park Business

      Well-kept 4-acre RV park with lake access and multiple revenue streams.
      128 Yellowstone Dr, Whitney, TX 76692
      View Details
    • $875,000
      13,362 SF

      Retail Property with Vacant Space

      Retail property with Family Dollar and vacant, remodeled space.
      309 S Bosque St, Whitney, TX 76692
      View Details
    • Contact for pricing

      Downtown Whitney Commercial Building For Sale

      Prime commercial building in Downtown Whitney with flexible layout.
      213 N Brazos St, Whitney, TX 76692
      View Details
    • $1,200,000
      6,900 SF

      Whitney, TX Office Building - Prime Downtown Location

      Historic Downtown Whitney Office & Retail Complex
      101 Washington Ave, Whitney, TX 76692
      View Details
    • $142,500
      1,568 SF

      Spacious Country Home on Acreage

      Three-bedroom home on nearly an acre with storage sheds and RV hookup.
      104 Sandy Ct, Whitney, TX 76692
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Three-acre lot with mature trees in Whitney, Texas.
    Where is this residential land & home lot located?
    The property is located at 8 Lakewood Dr Whitney, TX.
    What is the asking price?
    The asking price for this property is $124,900.
    What are key features of this property?
    This property features: - 3-acre lot with mature trees, enjoy a country living feel within city limits.; - Located in the gated Lakewood Acres subdivision.; - City water service and underground electric are available.
    (512) 763-2559
    Request Owner's contact information
    8 Lakewood Dr Whitney, TX 76692
    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.
    8 Lakewood Dr
    Whitney, TX 76692
    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
    8 Lakewood Dr Whitney, TX 76692
    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
    Kaitlyn Amundson
    Real Estate License ID: 0839000
    (512) 763-2559
    Learn more
    Google sign-in failed. Please try again or use another login method.