Add Listing
    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

    East Lake Dr Weatherford, TX 76087

    View on Map
    Sponsored
    For Sale
    $600,000

    Unimproved Land - Weatherford, TX

    Type:Unimproved Land
    Lot size:
    2.08 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 27 at 12:06 am

    Property Features for East Lake Dr

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    TBD
    Lot size
    2.08 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Chris Reeves
    Chris Reeves

    Trinity Group Realty

    Listing agent Chris Reeves License #0517863

    Listing date Mar 26, 2026

    MLS# 21217631 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

    Overview

    Lake Weatherford View Land

    These lots offer an opportunity to build a dream home with a lake view overlooking Lake Weatherford. The location provides peaceful surroundings and scenic views, with convenient access to the water. This setting is suitable for lake activities such as boating, fishing, and kayaking. The spacious lots offer the flexibility to design a modern lake house with expansive windows and outdoor living spaces, a cozy cottage-style retreat, or a custom luxury home. The lots are located in Weatherford, TX. The estimated acreage if purchasing as a whole is 2.08 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Weatherford
    County
    Parker
    State
    Texas
    Longitude
    -97.691037
    Latitude
    32.798745

    Nearby Similar for Sale

    • $500,000
      0.26 Acres

      Historic Office in Weatherford, TX

      Turnkey office space near Parker County Courthouse and downtown.
      107 N Alamo St, Weatherford, TX 76086
      View Details
    • $350,000
      870 SF

      Waterfront RV Resort Opportunity

      Turnkey waterfront RV resort with diversified revenue streams.
      133 Chavez Trl, Weatherford, TX 76087
      View Details
    • $899,000
      5.00 Acres

      Weatherford Retail Opportunity on Highway

      5-acre property with highway frontage, suitable for commercial use.
      6502 Mineral Wells Hwy, Weatherford, TX 76088
      View Details
    • New
      $249,000
      0.16 Acres

      Weatherford Retail Opportunity

      Retail space near downtown Weatherford with existing infrastructure.
      105 Eureka St, Weatherford, TX 76086
      View Details
    • $879,900
      3.10 Acres

      Victorian Home on 3.1 Acres

      130-year-old Victorian home zoned for light commercial use.
      1105 Palo Pinto St, Weatherford, TX 76086
      View Details
    • $199,000
      2,158 SF

      Weatherford Commercial Property with Solar

      Commercial property in Weatherford, TX, suitable for office or daycare.
      205 S Line St, Weatherford, TX 76086
      View Details
    • $700,000
      7,200 SF

      Weatherford Industrial Property with Warehouse

      7,200 SF industrial property with warehouse and office space.
      221 Judd St, Weatherford, TX 76088
      View Details
    • $1,250,000
      3,600 SF

      Established Automotive Repair Shop

      Turn-key automotive repair shop with extensive customer base.
      1327 Fort Worth Hwy, Weatherford, TX 76086
      View Details
    • $975,000
      2,500 SF

      20 Acre Ranch with Amenities

      Ag-exempt property near Weatherford with ponds, stables, and updated home.
      4951 N Fm 51, Weatherford, TX 76085
      View Details
    • $550,000
      4,000 SF

      Luxury Oasis on Brazos River

      Turnkey income-producing retreat near Lake Granbury and Brazos River.
      2013 Bedford Ct, Weatherford, TX 76087
      View Details
    • $2,749,000
      20,506 SF

      Weatherford Industrial Property Near I-20

      Industrial property with multiple buildings, near I-20 in Weatherford, TX.
      3008 Ranger Hwy, Weatherford, TX 76088
      View Details
    • $699,900
      2,095 SF

      Weatherford Ranch with Income Potential

      12.25-acre ranch featuring a barndominium and income-producing gas well.
      1170 Harmony Cir, Weatherford, TX 76087
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Lake view lots perfect for building a dream home.
    Where is this residential land & home lot located?
    The property is located at East Lake Dr Weatherford, TX.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Lake-view lot overlooking Lake Weatherford; - Ideal location for lake activities like boating, fishing, and kayaking; - Flexibility to design and build a custom home
    (817) 941-6454
    Request Owner's contact information
    East Lake Dr Weatherford, TX 76087
    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.
    East Lake Dr
    Weatherford, TX 76087
    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
    East Lake Dr Weatherford, TX 76087
    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
    Chris Reeves
    Chris Reeves
    Real Estate License ID: 0517863
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!