Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two Acres Ready For Homesite Title is generated by Realmo AI

    S Tool Drive, Tool, TX 75143

    View on Map
    Claim this Listing
    Pending
    $129,000

    LAND - Tool, TX

    Lot size:
    2.00 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    92
    Last Refresh:
    Jun 3 at 6:06 am

    Property Features for S Tool Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    45160000005063
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Description
    AB 93 F BROWN SUR WEST CEDAR CREEK HOMESITES
    Tax Annual Amount
    1056

    We can help!

    Listing Contact
    Valerie Bahm
    Valerie Bahm

    Listing agent Valerie Bahm License #0629769

    Listing office KW-Cedar Creek Lake Properties Rockwall, TX

    Listing date Mar 3, 2026

    MLS# 21164218 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

    • 2 acres ready for homesite in Tool, TX near Cedar Creek Lake.
    • Qualifies for special financing to buy land and build a house with one loan.
    • Nice level building site with power and water close by.
    • Large lot provides elbow room from neighbors.
    • Extra room for kids and pets.
    • Located in Malakoff ISD.

    Overview

    This property consists of two acres of unimproved land suitable for residential construction. Located in Tool, Texas, it is situated a short distance from Cedar Creek Lake. The site is relatively level, offering a suitable building area. Utility access is available nearby, with both power and water located in close proximity to the property. The lot provides ample space from neighboring properties, offering room for children and pets. The property is located within the Malakoff Independent School District.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Tool
    County
    Kaufman
    State
    Texas
    Longitude
    -96.182016
    Latitude
    32.282461

    Nearby Similar for Sale

    • $119,000

      Commercial Land with Highway Frontage

      A versatile acre-plus site on State Highway 274 with 317 feet of frontage in the Cedar Creek Lake region.
      Hwy 274, Tool, TX 75143
      View Details
    • $119,000

      Highway Frontage Land in Tool,TX

      1.12 acre commercial land with highway frontage in Tool,TX.
      HWY 274, Tool, TX 75143
      View Details
    • $698,000

      Waterfront Land with Retaining Wall

      Build your waterfront home on a wooded, south-east oriented lot with a concrete retaining wall in a gated community.
      433 Winding Shore Drive, Tool, TX 75143
      View Details
    • $175,000

      Cleared Land Near Cedar Creek

      3.21 acres of cleared land near Cedar Creek Lake.
      E Will White Rd., Tool, TX 75143
      View Details
    • $698,000

      Waterfront Land in Gated Community

      2.5 waterfront lots in gated community for dream home.
      433 Winding Shore Dr, Tool, TX 75143
      View Details
    • $100,000

      Residential Home Lot with Water Meter

      Build-ready lot in a MUD district with installed water meter and permission for newer mobile and single-family homes.
      208 N Old Indian Trail, Tool, TX 75143
      View Details
    • $269,000

      Waterfront Development Land

      Cleared waterfront lot with sewer, water, and electricity onsite, plus an engineer’s report to support your custom build.
      501 Shore Line Drive, Tool, TX 75143
      View Details
    • $115,000

      Land Parcel Near Cedar Creek

      0.46-acre corner parcel near Cedar Creek Lake, Tool, TX
      917 Hidden Valley Drive, Tool, TX 75143
      View Details
    • $2,500,000

      Waterfront Land Development Tract

      A waterfront lakefront parcel with substantial shoreline for flexible development and lasting water access.
      2511 Wildwood Way, Tool, TX 75143
      View Details
    • $169,000

      Waterfront Land in Paradise Bay

      Surveyed .43 acre waterfront lot with dock and utilities.
      2052 Kanakoa Dr, Tool, TX 75143
      View Details
    • $129,000

      Land Ready For Homesite

      3.18 acres in Tool, TX, near Cedar Creek Lake.
      Smith Road, Tool, TX 75143
      View Details
    • $995,000

      Waterfront Homesite with Private Beach

      Build-ready waterfront lot with unobstructed open-water views, private beach access, and an installed seawall.
      2221 Windward Street, Tool, TX 75143
      View Details

    FAQs

    What type of property is this?
    Land - Two acre lot in Tool, TX, near Cedar Creek Lake.
    Where is this land located?
    The property is located at S Tool Drive Tool, TX.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: 2 acres ready for homesite in Tool, TX near Cedar Creek Lake.; Qualifies for special financing to buy land and build a house with one loan.; Nice level building site with power and water close by.
    (972) 772-7000
    We can help!
    Listing Contact
    Valerie Bahm
    Valerie Bahm
    Real Estate License ID: 0629769
    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

    Thank You for Inquiry
    S Tool Drive, Tool, TX 75143
    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!