Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waterfront Lake Lot for Recreational Use Title is generated by Realmo AI

    1009 County Road 197, Breckenridge, TX 76424

    View on Map
    Claim this Listing
    Picture of Waterfront Land at 1009 County Road 197, Breckenridge, TX
    Pending
    $50,000

    LAND - Breckenridge, TX

    Lot size:
    0.16 Acres
    Added:
    Sep 30, 2024
    Days on Market:
    616
    Last Refresh:
    Jun 7 at 4:06 am

    Property Features for 1009 County Road 197

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    R14584
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Description
    TANGLEWOOD BLOCK B LOT 242
    Tax Annual Amount
    350

    Utilities

    Water front features
    Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Kayce Smalley

    Listing agent Kayce Smalley License #0694211

    Listing office Adams Real Estate Solutions Breckenridge, TX

    Listing date Sep 30, 2024

    MLS# 14631954 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

    • Lake front lot on Hubbard Creek Lake
    • Property needs to be cleared
    • No utilities currently available

    Overview

    This waterfront property on Hubbard Creek Lake offers a unique opportunity for buyers looking to create a private retreat. The lot needs to be cleared before development, and there are no utilities currently on site, so prospective owners should plan for site preparation and utility installation. With utilities not in place, the property is best suited for buyers who want to take an active role in shaping the final improvements.

    Located in Breckenridge, Texas in Stephens County, the land is positioned to take advantage of lakefront access. As a small, hard-to-find waterfront parcel, it may appeal to weekend users and investors seeking something distinct rather than a more typical inland lot. Buyers should coordinate directly with the listing team to understand the condition of the site and next steps for clearing and planning.

    For tenants, this offering is not presented as an income-producing asset, but for buyers and operators it can work well as a personal recreation property, a future primary or secondary build site, or a low-impact development concept that starts with clearing. If your goal is to secure waterfront before the main season ramps up, this lot provides a straightforward foundation that you can tailor from the ground up.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Auto Repair Shop Gym & Fitness Center Hotel & Motel Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Breckenridge
    County
    Stephens
    State
    Texas
    Longitude
    -98.966775
    Latitude
    32.80087

    Nearby Similar for Sale

    • $325,000
      5,400 SF

      Bed and Breakfast with Converted Layout

      Renovated property offers flexible lodging income potential or conversion to a residence, with a newer 2022 roof.
      900 W Walker, Breckenridge, TX 76424
      View Details
    • $190,000

      Updated Retail and Warehouse Building

      Versatile, freshly updated building with office, reception, lobby, and a dedicated warehouse area with overhead garage access.
      518 N Breckenridge Avenue, Breckenridge, TX 76424
      View Details
    • $139,000

      Multi-Use Ranch Property with Outbuildings

      Rural acreage with utilities, fencing, office improvements, and horse and livestock setup opportunities just outside town.
      2502 US Highway 183 S, Breckenridge, TX 76424
      View Details
    • $169,500

      Unfinished Barndominium Shop

      Insulated, plumbed, and wired 60x40 shop with roll-up and man doors, plus a second story ready for future buildout.
      355 County Road 221, Breckenridge, TX 76424
      View Details
    • $249,000

      Industrial Land with Shop

      Development-ready industrial land with frontage along Hwy 183 and FM 3099, plus an older shop building.
      3429 W Walker Street, Breckenridge, TX 76424
      View Details
    • $375,000

      18-Site RV Park Opportunity

      Well-maintained, fully prepared sites with hookups and on-site amenities, positioned for steady RV traffic near Hubbard Creek Reservoir.
      66 County Road 336, Breckenridge, TX 76424
      View Details
    • $125,000

      Lakeview Waterfront Land Parcel

      Outside city limits half-acre parcel with lake access and existing utility improvements for flexible future development.
      517 County Road 221, Breckenridge, TX 76424
      View Details
    • $350,000

      Commercial Land with Highway Frontage

      Commercial lot on the west end of Breckenridge with substantial HWY 180 frontage near Walmart.
      Walker, Breckenridge, TX 76424
      View Details
    • $120,000

      Rural Acreage with Off-Grid Tiny Home

      Ten acres of tree-covered terrain with multiple homesites and an off-grid tiny home, suited for recreation or a private build.
      313 Hill Branch Lane, Breckenridge, TX 76424
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - A rare waterfront lot on Hubbard Creek Lake, offered for development after clearing and utility setup.
    Where is this waterfront land located?
    The property is located at 1009 County Road 197 Breckenridge, TX.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: Lake front lot on Hubbard Creek Lake; Property needs to be cleared; No utilities currently available
    (254) 559-1313
    We can help!
    Listing Contact
    Kayce Smalley
    Real Estate License ID: 0694211
    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
    1009 County Road 197, Breckenridge, TX 76424
    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!