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

    9 Francisco Bay Dr Kerens, TX 75144

    Sponsored
    For Sale
    $89,000

    Unimproved Land - Kerens, TX

    Type:Unimproved Land
    Lot size:
    1.56 Acres
    Days on Market:
    71
    Last Refresh:
    Jan 26 at 3:06 am

    Property Features for 9 Francisco Bay Dr

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    62152
    Lot size
    1.56 Acres

    Taxes and HOA fees

    Expense value
    600
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Heating system
    None (Heating)

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jason Feller
    Jason Feller

    Feller Realty (469) 774-3564

    Listing agent Jason Feller (469) 774-3564 License #0466625

    Listing date Nov 17, 2025

    MLS# 21114412 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

    Land in Francisco Bay

    This 1.56-acre lot is located in the Francisco Bay Phase II Subdivision in Kerens, TX. The property is intended for residential use, offering an opportunity to build a custom home. Francisco Bay features a gated entrance, community pavilion, pool, and fishing pier. Residents have access to Richland Chambers Lake via a boat ramp. The land is ready for development within this private subdivision.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Kerens
    County
    Navarro
    State
    Texas
    Longitude
    -96.262956
    Latitude
    32.073163

    Nearby Similar for Sale

    • $69,900
      0.10 Acres

      Waterfront RV Lot on Richland Chambers

      Luxury RV lot with open water views and resort-style amenities.
      5132 Waterfront Rd, Kerens, TX 75144
      View Details
    • $1,890,000
      3,772 SF

      Lakefront Property with Income Potential

      Stunning lakefront property with workshop and rental opportunities.
      11077 S Us Hwy 287, Kerens, TX 75144
      View Details
    • $356,850
      23.79 Acres

      23.79 Acres South of Kerens

      23.79 acres with deep creek, suitable for agriculture.
      Cr 4070, Kerens, TX 75144
      View Details
    • $99,000
      0.20 Acres

      Lakefront RV Lot for Sale

      Upscale RV resort lot with open-water views and amenities.
      6447 Peninsula Rd, Kerens, TX 75144
      View Details
    • $134,900
      0.96 Acres

      Historic Kerens Home on Large Lot

      Historic home on a 0.96-acre lot with commercial potential.
      307 NE 2Nd St, Kerens, TX 75144
      View Details
    • New
      $85,000
      0.06 Acres

      Tiny Home Near Richland Chambers

      Charming, modern tiny home near Richland Chambers Lake with amenities.
      2016. Teel Trl, Kerens, TX 75144
      View Details
    • $43,000

      RV Lot on Richland Chambers

      Own an RV lot with water views near Dallas.
      6148 Peninsula Rd, Kerens, TX 75144
      View Details
    • $300,000
      3,000 SF

      Kerens, TX Commercial Investment

      High-yield, triple-net leased property.
      100 2Nd St, Kerens, TX 75144
      View Details

    FAQs

    What type of property is this?
    Land - Unimproved land with lake access and community amenities.
    Where is this land located?
    The property is located at 9 Francisco Bay Dr Kerens, TX.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: - Lot in Francisco Bay Phase II Subdivision; - Boat ramp access to Richland Chambers Lake; - Gated entrance for security
    (469) 774-3564
    Request Owner's contact information
    9 Francisco Bay Dr Kerens, TX 75144
    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.
    9 Francisco Bay Dr
    Kerens, TX 75144
    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
    9 Francisco Bay Dr Kerens, TX 75144
    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
    Jason Feller
    Jason Feller
    Real Estate License ID: 0466625
    (469) 774-3564
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.