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

    8615 Southern Shore Ct Kemp, TX 75143

    Sponsored
    For Sale
    $170,000

    Unimproved Land - Kemp, TX

    Type:Unimproved Land
    Lot size:
    1.21 Acres
    Days on Market:
    75
    Last Refresh:
    Feb 1 at 6:06 am

    Property Features for 8615 Southern Shore Ct

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    197575
    Lot size
    1.21 Acres

    Taxes and HOA fees

    Expense value
    750
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Water front features
    Lake Front, Lake Front – Main Body, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Casey Townsend
    Casey Townsend

    Elsie Halbert Real Estate (972) 962-2110

    Listing agent Casey Townsend (972) 962-2110 License #0594683

    Listing date Nov 19, 2025

    MLS# 20836764 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

    Waterfront Lot in Gated Community

    This 1.214-acre lot is located in the Edgewater Addition of Cedar Creek Lake. The property features mature shade trees and 30 feet of dockable frontage. Edgewater at Cedar Creek is a gated community of 148 luxury lots, situated approximately 45 minutes southeast of DFW. Community amenities include a 10-acre lakefront pavilion, community boat slips, and a park. This property presents an opportunity to build in a waterfront location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Wholesale Shop HVAC Service Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Kemp
    County
    Kaufman
    State
    Texas
    Longitude
    -96.210919
    Latitude
    32.37135

    Nearby Similar for Sale

    • $899,000
      3,005 SF

      30 Acre Farmhouse Retreat

      Renovated home on 30 acres with pond and barn.
      15181 Cr 4058, Kemp, TX 75143
      View Details
    • $639,000
      3,740 SF

      Spacious Home on Acreage

      Private, charming home on 4.96 acres near Hwy 175.
      5304 Cedar Creek Dr, Kemp, TX 75143
      View Details
    • $1,500,000
      3,500 SF

      Texas Ranch with Highway Frontage

      Scenic ranch property with spacious residence and equestrian facilities.
      12485 County Road 4037, Kemp, TX 75143
      View Details
    • $1,500,000
      3,500 SF

      Texas Ranch with Highway Frontage

      Spacious ranch property with ponds, barn, and in-ground pool.
      12485 County Road 4037, Kemp, TX 75143
      View Details
    • $925,000
      1,580 SF

      Kemp, TX Riverfront Farm/Ranch

      90-acre Trinity River farm with lodge and recreational opportunities.
      10600 River Ranch Rd, Kemp, TX 75143
      View Details
    • $899,000
      3,005 SF

      Modern Farmhouse on 30 Acres

      Renovated farmhouse on 30 acres with pond and barn.
      15181 County Road 4058, Kemp, TX 75143
      View Details
    • $1,799,999
      5.00 Acres

      Versatile Commercial Property on US-175

      Commercial office and industrial property with high visibility and versatile functionality.
      9474 Us-175, Kemp, TX 75143
      View Details
    • $219,000
      1,344 SF

      Kemp Acreage with Residential Features

      Charming home on 2+ acres in Kemp, Texas.
      22565 Fm 148, Kemp, TX 75143
      View Details
    • $1,385,000
      3,786 SF

      Texas Ranch Retreat with Modern Farmhouse

      52.98-acre ranch estate near Dallas with updated home.
      6880 County Road 4042, Kemp, TX 75143
      View Details
    • $1,999,999
      6.00 Acres

      Versatile Commercial Property on US-175

      Commercial office and industrial opportunity with frontage on US 175.
      9474 Us-175, Kemp, TX 75143
      View Details
    • $2,200,000
      6,300 SF

      Premium Professional Office Building For Sale

      Premium professional office building in Mabank, TX, near Cedar Creek Lake.
      15821 Highway 175, Kemp, TX 75143
      View Details
    • $2,200,000
      1.00 Acre

      Premium Office Building on Highway

      Professional office building in Mabank, TX, near Cedar Creek Lake.
      15821 Highway 175, Kemp, TX 75143
      View Details

    FAQs

    What type of property is this?
    Land - 1.214 acre waterfront lot with mature trees and dockable frontage.
    Where is this land located?
    The property is located at 8615 Southern Shore Ct Kemp, TX.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: - 1.214 acre lot with **30 ft of dockable waterfront frontage on Cedar Creek Lake**; - Located in the gated community of Edgewater at Cedar Creek Lake; - **Priced $50k less than tax office appraised value**
    (972) 962-2110
    Request Owner's contact information
    8615 Southern Shore Ct Kemp, TX 75143
    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.
    8615 Southern Shore Ct
    Kemp, TX 75143
    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
    8615 Southern Shore Ct Kemp, TX 75143
    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
    Casey Townsend
    Casey Townsend
    Real Estate License ID: 0594683
    (972) 962-2110
    Learn more
    Google sign-in failed. Please try again or use another login method.