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    Lake-Access Wooded Lots Title is generated by Realmo AI

    114 Navarro Drive, Mabank, TX 75156

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    LAND - Mabank, TX

    Lot size:
    0.07 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 7 at 8:06 am

    Property Features for 114 Navarro Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Fencing
    Perimeter, Fenced
    Standard status
    Active
    APN
    23900004280030
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Description
    LT 280 AB 132 G CHOVANNO SUR, CHEROKEE SHORES
    Tax Annual Amount
    50

    We can help!

    Listing Contact
    Raul Acosta

    Listing agent Raul Acosta License #0648624

    Listing office Keller Williams Heritage West Weatherford, TX

    Listing date Apr 22, 2026

    MLS# 21246379 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

    • Buy 2 side‑by‑side lots for $20,000: 114 Navarro Dr and 116 Navarro Dr
    • Wooded lots with perimeter fencing and fence posts around the perimeter
    • Combined 80 ft road frontage on Navarro Dr
    • Cedar Creek Reservoir area with private lake access and nearby dock access
    • A few blocks from a private boat ramp for boating and water recreation
    • Manufactured homes are allowed—confirm permitted home types with the HOA

    Overview

    Offered for sale are two side-by-side wooded lots being sold together: 114 Navarro Drive and 116 Navarro Drive. The property includes fence posts around the perimeter, providing a starting point for establishing privacy boundaries. Each lot offers road frontage, with a combined frontage measurement of 80 feet, creating a convenient footprint for new construction planning.

    Located in the Cedar Creek Reservoir area near lake access options, the lots are described as a setting suited to lake living. The listing notes private lake access and convenient access to the dock for activities like fishing and tying up a boat. It also states the lots are just a few blocks from a private boat ramp, supporting day-to-day ease for boating and water recreation.

    This configuration may appeal to buyers looking to build a lake house, use the site as a weekend retreat, or pursue a short-term rental opportunity. Manufactured homes are allowed, which can broaden building flexibility, with the listing advising buyers to check with the HOA regarding the types of homes permitted. Whether you’re planning to escape to the water or invest in a quiet, wooded setting, these lots are presented as a low-maintenance way to secure a lake-area parcel and get started.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Law Firm Building Supply Hotel & Motel Electronics & Wireless Store Bakery Arcade & Gaming Center Carpet & Flooring Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mabank
    County
    Henderson
    State
    Texas
    Longitude
    -96.089877
    Latitude
    32.260449

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    FAQs

    What type of property is this?
    Waterfront Land - Two side-by-side wooded lots with perimeter fence posts and nearby lake access for a private retreat or rental build.
    Where is this waterfront land located?
    The property is located at 114 Navarro Drive Mabank, 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: Buy 2 side‑by‑side lots for $20,000: 114 Navarro Dr and 116 Navarro Dr; Wooded lots with perimeter fencing and fence posts around the perimeter; Combined 80 ft road frontage on Navarro Dr
    (817) 441-4000
    We can help!
    Listing Contact
    Raul Acosta
    Real Estate License ID: 0648624
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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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