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

    Lot 450 Charlya Drive Scroggins, TX 75480

    View on Map
    For Sale
    Contact for pricing

    Unimproved Land - Scroggins, TX

    Type:Unimproved Land
    Lot size:
    0.38 Acres
    Added:
    Dec 16, 2025
    Days on Market:
    107
    Last Refresh:
    Apr 2 at 5:06 pm

    Property Features for Lot 450 Charlya Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    16404
    Lot size
    0.38 Acres

    Taxes and HOA fees

    Expense value
    400
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    James Solomon

    Listing agent James Solomon License #0790374

    Listing office Century 21 Butler Real Estate Hwy. 115 @ FM3122, Mt. Vernon, TX

    Listing date Dec 16, 2025

    MLS# 21134156 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.

    Overview

    Land in Gated Lake Community

    Located in Pine Valley, a lake community on Lake Cypress Springs, this property is situated within a gated neighborhood. The 0.38-acre lot includes a completed 21-page septic feasibility study. Pine Valley provides amenities such as a swimming pool, tennis courts, a community boat ramp, fishing access, and a playground. This property is located in Scroggins, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Scroggins
    County
    Franklin
    State
    Texas
    Longitude
    -95.183423
    Latitude
    33.044115

    Nearby Similar for Sale

    • $940,000
      1,958 SF

      92-Acre Ranch Near Lake Cypress

      Stunning ranch with shop, ponds, and home near Dallas.
      10495 FM 115, Scroggins, TX 75480
      View Details
    • $45,000

      Commercial Land Near Lake Cypress

      1.24-acre commercial land with road frontage in Scroggins, TX.
      0000 FM 115, Scroggins, TX 75480
      View Details
    • $914,900
      2,780 SF

      Waterfront Estate with Private Lake

      21.811-acre estate with lake access and meticulously maintained home.
      520 SE CR 4385, Scroggins, TX 75480
      View Details
    • $315,000

      Waterfront Lot on Lake Bob

      1.04-acre waterfront lot in Sterling Shores gated community.
      Lot 22 Waters Edge Lane, Scroggins, TX 75480
      View Details
    • $315,000

      Waterfront Lot in Sterling Shores

      1.04-acre waterfront lot in Sterling Shores gated community.
      0000 Waters Edge Lane, Scroggins, TX 75480
      View Details
    • $24,999

      Land Near Lake Cypress Springs

      Two combined lots in gated community near Lake Cypress Springs.
      Lot 36 & 37 King Charles Road, Scroggins, TX 75480
      View Details
    • $14,000

      Lake Cypress Springs Land

      Two contiguous lots in gated lake community near local attractions.
      LOT 130 & 131 Canadian, Scroggins, TX 75480
      View Details
    • $6,000

      Land in Kings Country

      Unimproved lot in gated community near community pier.
      Lot 7 King Sebastion Road, Scroggins, TX 75480
      View Details
    • $249,000

      Wooded Land near Texas Lakes

      20.7 acres of improved land near Lake Bob Sandlin.
      1884 SE County Road 4350, Scroggins, TX 75480
      View Details
    • $85,000

      Lake Cypress Springs Land Parcel

      Corner lot in gated community near Lake Cypress Springs.
      Tbd Pedernales Street, Scroggins, TX 75480
      View Details
    • $565,000

      Lakefront Lot with No HOA

      1.66 acre lakefront lot on Lake Bob Sandlin.
      Lot 1 Ezelle Way, Scroggins, TX 75480
      View Details
    • $7,500

      Corner Lot Near Cypress Lake

      Corner lot in Kings Country with lake access and amenities.
      Lot 69 Kings Lake, Scroggins, TX 75480
      View Details

    FAQs

    What type of property is this?
    Land - Land in upscale, gated lake community with completed septic study.
    Where is this land located?
    The property is located at Lot 450 Charlya Drive Scroggins, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Upscale, gated lake community on Lake Cypress Springs offering peace and privacy.; Septic feasibility study already completed, providing a clear building roadmap.; First‑class amenities including a swimming pool, tennis courts, community boat ramp, and fishing access.
    (903) 588-2696
    We can help!
    Listing Contact
    James Solomon
    Real Estate License ID: 0790374
    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!