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    Lake View Waterfront Land Title is generated by Realmo AI

    1000 Palomino Trail, Graford, TX 76449

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    Claim this Listing
    For Sale
    $825,000

    LAND - Graford, TX

    Lot size:
    1.55 Acres
    Added:
    Mar 14, 2026
    Days on Market:
    84
    Last Refresh:
    Jun 5 at 4:06 pm

    Property Features for 1000 Palomino Trail

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Dock
    Standard status
    Active
    APN
    24382
    Lot size
    1.55 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 1.554 THE RANCH BLK I LOT I-8 (DEEDED
    Tax Annual Amount
    9152

    Utilities

    Water source
    Public
    Water front features
    Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Michael Avidon

    Listing agent Michael Avidon License #0647171

    Listing office Century 21 Mike Bowman, Inc. Grapevine, TX

    Listing date Mar 14, 2026

    MLS# 20937632 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

    • 1.5‑acre lakefront lot with lake views in The Ranch at Possum Kingdom
    • Perched above a main channel of Possum Kingdom Lake
    • Located in a gated development with over 1,000 acres of shared open space
    • Amenities include a resort‑style pool and private boat ramp
    • Additional community features include sports complex, equestrian center, and horse facilities
    • Skeet shooting range and dock included; water source is public

    Overview

    This waterfront land offering includes a 1.554-acre building site positioned above a main channel of Possum Kingdom Lake, providing expansive, panoramic water views. Located within The Ranch at Possum Kingdom, the property is designed for buyers who want the flexibility to bring their own builder and develop a custom lake home.

    Set inside a gated community, The Ranch spans more than 1,000 acres of shared open space and includes a resort-style pool, a private boat ramp, a sports complex, an equestrian center, and a skeet shooting range, along with horse facilities. The setting emphasizes privacy and an elevated feel overlooking the water.

    For buyers seeking a premium lakefront homesite, this parcel offers a strong combination of water-view orientation and community amenities. It may also appeal to investors looking for a desirable, build-ready waterfront piece within an established, amenity-rich development at Possum Kingdom Lake.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Hotel & Motel Storage Facility Bed & Breakfast Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Graford
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.443614
    Latitude
    32.871059

    Nearby Similar for Sale

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    • $950,000

      Waterfront Land Homesite

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    • $875,000

      Waterfront Trail Ridge Homesite

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    • $425,000

      Prepped Double Golf Course Homesite

      A rare double lot with substantial site prep and utilities in place, ready for a custom build within a resort community.
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    • $490,000

      Elevated Waterfront Homesite with Views

      Premium cliffside lot in a gated lake community with panoramic dual cove views and private boating access.
      E Hells Gate Drive lot: 285, Possum Kingdom Lake, TX 76449
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    FAQs

    What type of property is this?
    Waterfront Land - Waterfront lot with panoramic views in a gated development with resort-style amenities and private boat access.
    Where is this waterfront land located?
    The property is located at 1000 Palomino Trail Graford, TX.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: 1.5‑acre lakefront lot with lake views in The Ranch at Possum Kingdom; Perched above a main channel of Possum Kingdom Lake; Located in a gated development with over 1,000 acres of shared open space
    (817) 354-7653
    We can help!
    Listing Contact
    Michael Avidon
    Real Estate License ID: 0647171
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    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.

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