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

    Cote D Azur Dr Chico, TX 76431

    Sponsored
    For Sale
    $99,000

    Unimproved Land - Chico, TX

    Type:Unimproved Land
    Lot size:
    1.51 Acres
    Days on Market:
    238
    Last Refresh:
    Feb 2 at 2:06 pm

    Property Features for Cote D Azur Dr

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    783397
    Lot size
    1.51 Acres

    Taxes and HOA fees

    Expense value
    375
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Semi-Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Larry Chreene

    Exit Realty Pinnacle Group (972) 741-2421

    Listing agent Larry Chreene (903) 356-4700 License #0594287

    Listing date Jun 10, 2025

    MLS# 20935724 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

    Lake View Land in Chico

    This is an interior lot offering views of Lake Bridgeport, situated just down the street. Located within the upscale, gated North Star Pointe subdivision, this property benefits from community features. Lake Bridgeport, a 12,000-acre lake, is suited for boating, skiing, fishing, and various water sports. The community provides a private water system, paved streets, and underground utilities. Residents have access to a community pool, boat ramp, day slips, and a pickle ball court within North Star Pointe. The lot size is 1.508 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Chico
    County
    Wise
    State
    Texas
    Longitude
    -97.89739905
    Latitude
    33.24475429

    Nearby Similar for Sale

    • $1,499,950
      4,804 SF

      Equestrian Paradise Near Lake Bridgeport

      27-acre equestrian paradise with modern ranch house near Lake Bridgeport.
      5071 Fm 1810, Chico, TX 76431
      View Details
    • $650,000
      19.84 Acres

      Scenic Ranch Property in Chico, TX

      Unique 19.839-acre ranch with barn, pond, and creek.
      Tbd Fm 1655, Chico, TX 76431
      View Details
    • $299,000
      0.19 Acres

      Functional Storefront in Chico Town

      Storefront property with high foot traffic near local amenities.
      113 W Decatur St, Chico, TX 76431
      View Details
    • New
      $269,990
      1,308 SF

      Chico Ranch with Horse Amenities

      10-acre ranch featuring horse amenities near city limits.
      134 Pr, Chico, TX 76431
      View Details
    • New
      $1,480,000
      4.56 Acres

      Lakefront Resort Development Opportunity

      4.5-acre Lake Bridgeport resort with income-producing amenities.
      180 Private Road 1735, Chico, TX 76431
      View Details
    • $1,600,000
      2,900 SF

      Chico Farm/Ranch Modern Farmhouse

      Modern farmhouse on 58.87 acres in Chico, Texas.
      Tbd Fm-1810, Chico, TX 76087
      View Details
    • $435,000
      1.00 Acres

      Waterfront Acreage on Lake Bridgeport

      1.04 acre waterfront lot with lake views and amenities.
      245 Grand Harbor Blvd, Chico, TX 76431
      View Details
    • $330,000
      0.06 Acres

      Historic Building in Chico, Texas

      Vintage building with two separate units in a country community.
      102 E Jacksboro St, Chico, TX 76431
      View Details
    • $650,000

      Chico, Texas Retail and Storage

      Commercial property with retail spaces and storage units in Chico.
      300 S State Highway 101, Chico, TX 76431
      View Details
    • $600,000

      24 Acre Ranch with Ponds

      24-acre ranch featuring ponds, trees, and functional improvements.
      406 County Road 1744, Chico, TX 76431
      View Details
    • $2,500,000
      15,000 SF

      Lake Bridgeport Development Gem

      4.5 Acres, Lakefront, Huge Potential
      180 Private Road 1735, Chico, TX 76431
      View Details

    FAQs

    What type of property is this?
    Land - Interior lot with lake views and community amenities.
    Where is this land located?
    The property is located at Cote D Azur Dr Chico, TX.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: - Lake Bridgeport access for boating, skiing, fishing, and water sports.; - Upscale gated community in North Star Pointe.; - Enjoy views of Lake Bridgeport.
    (903) 356-4700
    Request Owner's contact information
    Cote D Azur Dr Chico, TX 76431
    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.
    Cote D Azur Dr
    Chico, TX 76431
    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
    Cote D Azur Dr Chico, TX 76431
    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
    Larry Chreene
    Real Estate License ID: 0594287
    (903) 356-4700
    Learn more
    Google sign-in failed. Please try again or use another login method.