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

    Teakwood Loop lot 0010 Morgans Point Resort, TX 76513

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Morgans Point Resort, TX

    Lot size:
    0.10 Acres
    Added:
    Sep 16, 2025
    Days on Market:
    221
    Last Refresh:
    Apr 24 at 12:06 am

    Property Features for Teakwood Loop lot 0010

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    33845
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    MORGANS POINT RESORT SECTION 18, BLOCK 006, LOT 0010
    Tax Annual Amount
    203

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Justin Hartzog

    Listing agent Justin Hartzog License #0727089

    Listing office CENTURY 21 Judge Fite Co. 250 N Bishop Ave Ste 250, TX

    Listing date Sep 16, 2025

    MLS# 592914 Listing URL

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wooded Lot Near Lake Belton

    This wooded lot on Teakwood Loop offers an opportunity to build a private retreat near Lake Belton. The property is surrounded by mature trees, providing a natural setting with shade and character. Located within Morgans Point Resort, the 0.1033-acre lot provides access to Lake Belton and recreational opportunities, including boating, fishing, and hiking. The wooded landscape allows for flexibility in designing a home. It is located in Morgans Point Resort, Texas, with a postal code of 76513, in Bell County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Morgans Point Resort
    County
    Harris
    State
    Texas
    Longitude
    -97.448646
    Latitude
    31.153037

    Nearby Similar for Sale

    • $15,000

      Land in Morgans Point Resort

      Residential land available in Morgans Point Resort, Texas.
      0 Teakwood Lane, Morgans Point Resort, TX 76513
      View Details
    • $13,000

      Residential Lot in Central Texas

      Residential lot in Morgans Point Resort, near Austin and Waco.
      6 Blue Roan Drive lot: 15, Morgans Point Resort, TX 78163
      View Details
    • $13,000

      Land For Sale in Texas

      Unimproved land available in Morgans Point Resort, Texas.
      58 Bramble Bush Drive, Morgans Point Resort, TX 76513
      View Details
    • $49,995

      Residential Land Near Belton Lake

      Three combined lots near Belton Lake, ideal for building.
      9 DogWood, Morgans Point Resort, TX 76513
      View Details
    • $40,900

      Residential Land in Morgans Point

      Residential land available in Morgans Point Resort, Texas.
      10 Buckskin Loop lot: 1, Morgans Point Resort, TX 76513
      View Details
    • Contact for pricing
      4,300 SF

      Single-Tenant Building Investment Opportunity

      4,300+/- SF building leased to Target Solutions.
      334 Goodway Dr, Morgan's Point Resort, TX 76513
      View Details
    • $90,000

      Land Near Lake Belton

      0.84-acre land near Lake Belton, perfect for custom build.
      18 Aztec Lane lot: 17, Morgans Point Resort, TX 76513
      View Details
    • $13,000

      Land in Central Texas

      Serene land with easy access to Austin and Waco.
      6 Blue Roan Dr, Morgan's Point Resort, TX 78163
      View Details
    • $35,000

      Morgans Point Resort Land

      Two lots near Lake Belton and Rogers Park.
      3 N Walnut lot: 3 & 4, Morgans Point Resort, TX 76513
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Wooded lot near Lake Belton in Morgans Point Resort.
    Where is this residential land & home lot located?
    The property is located at Teakwood Loop lot 0010 Morgans Point Resort, 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: Wooded lot perfect for building a private retreat; Located in Morgans Point Resort with convenient access to Lake Belton; Recreational opportunities include boating, fishing, and hiking
    (254) 716-5774
    We can help!
    Listing Contact
    Justin Hartzog
    Real Estate License ID: 0727089
    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!