Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Land with Private Dock Title is generated by Realmo AI

    9021 Lacy Road, Graford, TX 76449

    View on Map
    Claim this Listing
    For Sale
    $299,000

    LAND - Graford, TX

    Lot size:
    0.50 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    38
    Last Refresh:
    Jun 5 at 2:06 am

    Property Features for 9021 Lacy Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    26678
    Lot size
    0.50 Acres

    Utilities

    Sewer type
    Septic Tank
    Water front features
    Waterfront, Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Ava Fernandez

    Listing agent Ava Fernandez License #0804328

    Listing office Smart Realty Colleyville, TX

    Listing date Apr 29, 2026

    MLS# 21251816 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

    • Possum Kingdom waterfront lot with lake front access and a 2‑slip private boat dock
    • Direct access to the main body of PK Lake just around the bend via calm waters
    • Existing infrastructure includes a concrete slab, covered parking, and utilities still in place from a previous cabin
    • Septic tank sewer on site
    • Fully fenced land with gated entry
    • No building restrictions

    Overview

    This waterfront land offering includes a 2-slip private boat dock and direct access to the main body of Possum Kingdom Lake just around the bend. The property is fully fenced with a gated entry and includes existing improvements such as a concrete slab, covered parking, and utilities that remain in place from a previous cabin. Natural rock formations and multiple deck areas provide ready-made spaces to enjoy the setting, whether you’re planning a lake home, an RV stay, or a turnkey recreational use.

    The property is tucked away on Rock Creek in a private setting, with convenience to nearby amenities while keeping a quieter, more secluded feel. It is described as ready to enjoy from day one, with the dock and existing infrastructure supporting immediate lake access and practical day-to-day use.

    With no building restrictions and established site features already in place, this land is well-suited for buyers who want flexibility in how they build or develop. It may also appeal to operators seeking strong short-term rental potential given the combination of waterfront access, dock capability, and an already improved site for guest-ready stays.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Graford
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.418045
    Latitude
    33.000427

    Nearby Similar for Sale

    • $175,000

      Lake-Adjacent Commercial Land Opportunity

      Un-zoned, nearly 1.6-acre parcel on a main thoroughfare with utility considerations for a new business build.
      303 N Fm 2353, Possum Kingdom Lake, TX 76449
      View Details
    • $950,000

      Waterfront Land Homesite

      Lakefront land with mature trees and expansive views, offering a rare canvas for a private retreat at Possum Kingdom Lake.
      1131 Panorama Way, Graford, TX 76449
      View Details
    • $875,000

      Waterfront Trail Ridge Homesite

      Build-ready homesite near Possum Kingdom Lake with adjacent parcel option for estate-scale privacy.
      2181 Trail Ridge # 2, Graford, TX 76449
      View Details
    • $3,995,000

      Automotive Service & Storage Facility

      Newly built automotive service and showroom facility with multiple bays, parts area, office space, and extensive storage options.
      1770 Fm 2951, Graford, TX 76449
      View Details
    • $425,000

      Prepped Double Golf Course Homesite

      A rare double lot with substantial site prep and utilities in place, ready for a custom build within a resort community.
      223 Oak Tree Drive, Possum Kingdom Lake, TX 76449
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Half-acre waterfront lot featuring a 2-slip private boat dock and fenced, gated privacy on PK Lake waters.
    Where is this waterfront land located?
    The property is located at 9021 Lacy Road Graford, TX.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Possum Kingdom waterfront lot with lake front access and a 2‑slip private boat dock; Direct access to the main body of PK Lake just around the bend via calm waters; Existing infrastructure includes a concrete slab, covered parking, and utilities still in place from a previous cabin
    (817) 999-3067
    We can help!
    Listing Contact
    Ava Fernandez
    Real Estate License ID: 0804328
    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
    9021 Lacy Road, Graford, TX 76449
    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!