Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Buildable Lake Area Lot Package Title is generated by Realmo AI

    10 George A Green Drive, Gordonville, TX 76245

    View on Map
    Claim this Listing
    For Sale
    $95,000

    LAND - Gordonville, TX

    Lot size:
    0.46 Acres
    Added:
    May 21, 2026
    Days on Market:
    14
    Last Refresh:
    Jun 3 at 11:06 am

    Property Features for 10 George A Green Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    102477
    Lot size
    0.46 Acres

    Taxes and HOA fees

    Tax Description
    SHERWOOD SHORES UNIT 1, LOT 1017 1018, ACRES
    Tax Annual Amount
    579

    Utilities

    Sewer type
    Aerobic Septic

    We can help!

    Listing Contact
    Rosie Reed

    Listing agent Rosie Reed License #0687745

    Listing office Keller Williams Realty Denton, TX

    Listing date May 21, 2026

    MLS# 21228647 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

    • 4 combined lots totaling approximately 0.4592 acres of buildable land in the Lake Texoma area.
    • Utilities in place: water, electricity, and an aerobic septic system already on the property.
    • Small shop included with an electric panel, helping reduce start‑up work before building.
    • No known building restrictions; property may also be used for parking a camper or RV.
    • Just minutes from the shores of Lake Texoma for boating, fishing, swimming, and hiking.
    • Cedar Mills Marina Resort is about 2 miles away, and Cedar Mills Airport features a 3,000 x 60 ft turf landing strip.

    Overview

    This offering includes four combined lots totaling approximately 0.4592 acres of buildable property in the Lake Texoma area. The site is already set up with water, electricity, and an aerobic septic system, plus a small shop with an electric panel, helping reduce early preparation costs when you’re ready to build. With nearly half an acre, there is room to design for a full-time home, a vacation getaway, or other recreational use, including space for outdoor entertaining, a garage or workshop, and boat storage.

    The property is located just minutes from the shores of Lake Texoma, with Cedar Mills Marina Resort about 2 miles away. Additional nearby recreation includes Rock Creek Golf Club and Resort roughly 7 miles from the property, and MegaStar Casino about 4 miles away. The area is also positioned for access to major entertainment options, with Choctaw Casinos and Resorts and WinStar World Casino and Resort both less than an hour away. The seller notes there are no known building restrictions.

    For buyers who want flexibility, this parcel may fit a range of plans, from a lakeside residence to a weekend retreat or investment build. The seller also notes the property may be used for parking a camper or RV, which can be an attractive option while you plan your longer-term improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Auto Repair Shop Hotel & Motel Department Store Barber Shop Storage Facility Travel Agency Bed & Breakfast Florist

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

    Location Insight

    • Map
    • Local Demand
    City
    Gordonville
    County
    Grayson
    State
    Texas
    Longitude
    -96.8108948
    Latitude
    33.8533967

    Nearby Similar for Sale

    • $349,000

      Flat Buildable Commercial Land Tract

      Nearly 2-acre tract with excellent visibility for commercial development near major road intersections.
      27960 US Highway 377, Gordonville, TX 76245
      View Details
    • $3,850,000

      Texas Ranch with Country Homes

      Generous ranch acreage near Lake Texoma with two homes, stocked tanks, and outbuildings suited for a working lifestyle.
      850 Gordonville Rd, Gordonville, TX 76245
      View Details
    • $180,000

      Secluded Land Near Lake Texoma

      4-acre treed property near Lake Texoma and Megastar Casino.
      1648 Gordonville Road, Gordonville, TX 76245
      View Details
    • $299,995

      Unzoned Development Land Tract

      Unzoned acreage near Riddle Road, ready for flexible planning with water and electric service available.
      US HWY 377 lot: 2 Tba, Gordonville, TX 76264
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Four combined lots in the Lake Texoma area with utilities in place, an aerobic septic system, and a small shop.
    Where is this residential land & home lot located?
    The property is located at 10 George A Green Drive Gordonville, TX.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: 4 combined lots totaling approximately 0.4592 acres of buildable land in the Lake Texoma area.; Utilities in place: water, electricity, and an aerobic septic system already on the property.; Small shop included with an electric panel, helping reduce start‑up work before building.
    (940) 484-9411
    We can help!
    Listing Contact
    Rosie Reed
    Real Estate License ID: 0687745
    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
    10 George A Green Drive, Gordonville, TX 76245
    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!