Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Oakhill Drive lot 424 & 425 Granite Shoals, TX 78654

    View on Map
    Claim this Listing
    For Sale
    $50,000

    LAND - Granite Shoals, TX

    Lot size:
    0.23 Acres
    Added:
    Jul 17, 2025
    Days on Market:
    275
    Last Refresh:
    Apr 17 at 12:06 am

    Property Features for Oakhill Drive lot 424 & 425

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    008812
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Description
    S3610 CASTLE HILLS (SHERWOOD SHORES) LOT 424 & 425

    Utilities

    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Bruce Jones
    Bruce Jones

    Listing agent Bruce Jones License #0529680

    Listing office Lake Homes Realty, LLC 121 Chaparral Drive, Pelham, TX

    Listing date Jul 17, 2025

    MLS# 174322 Listing URL

    Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Granite Shoals Land Opportunity

    This property presents a great opportunity with two lots being sold together, offering ample space to build a dream home near Lake LBJ. The lots are conveniently located near the Granite Shoals Police Department and provide lake access through waterfront city parks. The site is suitable for single-family, site-built homes only, with light restrictions in place. City water is available, and electrical connections are located at the street. A septic system will be required. The property features a good building site with mature trees and endless potential. The combined lot size is 0.23 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hotel & Motel Gym & Fitness Center Skin Care Clinic Food Market HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Granite Shoals
    County
    State
    Texas
    Longitude
    -98.386683
    Latitude
    30.585802

    Nearby Similar for Sale

    • $340,000

      Granite Shoals Commercial Building For Sale

      Versatile commercial building on a high-traffic corner lot.
      802 N Phillips Ranch Road, Granite Shoals, TX 78654
      View Details
    • $319,000

      Waterfront Land in Granite Shoals

      Elevated waterfront homesite on constant-level Lake LBJ.
      Hill Top Drive lot: 14, Granite Shoals, TX 78654
      View Details
    • $265,000

      Versatile Office Building For Sale

      Office building with multiple spaces, ideal for investors or owner-users.
      802A Phillips Ranch Road, Granite Shoals, TX 78654
      View Details
    • $550,000

      Commercial Land on FM 1431

      3.56 acres of commercial land with high visibility.
      FM 1431, Granite Shoals, TX 78654
      View Details
    • $1,775,000

      Lake LBJ Waterfront Land

      Open waterfront lot on Lake LBJ, west-facing sunset views.
      30 Beaver Island, Granite Shoals, TX 78654
      View Details
    • $35,000

      Land in Granite Shoals, TX

      Land in the 'City of Parks' near Lake Lyndon Johnson.
      604 S Forest Drive, Granite Shoals, TX 78654
      View Details
    • $19,000

      Granite Shoals Buildable Lot

      Partially cleared lot near Lake LBJ and community amenities.
      Oakhill Drive lot: 489, Granite Shoals, TX 78654
      View Details
    • $75,000

      Lake LBJ Access Land

      Nearly one acre lot with Lake LBJ access.
      2805 Kingdom Drive, Granite Shoals, TX 78654
      View Details
    • $17,500

      Granite Shoals Buildable Lot

      Partially cleared lot near Lake LBJ and community amenities.
      E Greencastle Drive lot: 94, Granite Shoals, TX 78654
      View Details
    • $47,000

      Residential Lot Near Lake LBJ

      Residential lot ready for new construction near Lake LBJ.
      1304 Shady Forest Dr, Granite Shoals, TX 78654
      View Details
    • $19,000

      Granite Shoals Buildable Lot

      Partially cleared lot near Lake LBJ and community amenities.
      W Briarway Drive lot: 260, Granite Shoals, TX 78654
      View Details
    • $40,000

      Land Near Lake LBJ

      Land in Granite Shoals near Lake LBJ and Robinhood Park.
      E Live Oak Drive lot: 15 & 16, Granite Shoals, TX 78654
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two lots near Lake LBJ for building a dream home.
    Where is this residential land & home lot located?
    The property is located at Oakhill Drive lot 424 & 425 Granite Shoals, TX.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: Two Lots Together: Offers ample space to build a custom home.; Near Lake LBJ: Provides convenient access to recreational water activities.; Lake Access Through Waterfront City Parks: Allows easy enjoyment of the lake.
    (832) 283-3233
    We can help!
    Listing Contact
    Bruce Jones
    Bruce Jones
    Real Estate License ID: 0529680
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!