Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lakefront Lot Ready to Build Title is generated by Realmo AI

    12 FROG LEAP, Canyon, TX 79015

    View on Map
    Claim this Listing
    For Sale
    $575,000

    LAND - Canyon, TX

    Lot size:
    1.01 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    22
    Last Refresh:
    May 14 at 6:06 pm

    Property Features for 12 FROG LEAP

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    183696
    Lot size
    1.01 Acres

    Taxes and HOA fees

    Tax Description
    THE CANYONS # 4 LOTBLOCK 0029 0.02 AC ON E/L OF 5 & ALL OF OF 6 LESS 0.02 AC ON W/L

    Utilities

    Water front features
    Lake, Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Chonda Brent

    Listing agent Chonda Brent

    Listing office Larry Brown, REALTORS(R) 6110 W 34th, Amarillo, TX

    Listing date Apr 23, 2026

    MLS# 26-997 Listing URL

    Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Lakefront lot on Lake Tanglewood.
    • Stainless steel boat dock with TREX double decking.
    • Recent upgrades including curved cement retaining walls and cement steps.
    • 300‑foot privacy wall on the west side.
    • Site preparation completed; ready to build.
    • House plans included.

    Overview

    This one-acre lakefront lot is located on the south end of Lake Tanglewood. Recent upgrades to the property include curved cement retaining walls and cement steps leading to a stainless steel boat dock with TREX double decking. Some site preparation has already been completed. A 300-foot wall on the west side provides privacy. The property has a view of the lake. The sellers will also include the house plans they had drafted for the property. According to the seller, dirt work and the retaining wall cost $130,000, the 300-foot privacy wall on the west side cost $80,000, and the 2024 boat dock cost $105,000. Entry is through the Tanglewood or The Canyons gates. The property is located in Canyon, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Canyon
    County
    Randall
    State
    Texas
    Longitude
    -101.7770102
    Latitude
    35.0387992

    Nearby Similar for Sale

    • $425,000
      2,767 SF

      Canyon, TX Commercial Property

      Commercial property near downtown square, suitable for office or retail.
      1610 5TH Avenue, Canyon, TX 79015-3833
      View Details
    • $385,000

      Commercial Land on US HWY 60

      Prime commercial land parcel in Canyon, TX ready for development.
      US HWY 60, Canyon, TX 79015
      View Details
    • $695,000

      Prime Commercial Land in Canyon, TX

      Five acre commercial land tract with highway frontage in Canyon.
      6110 4TH Avenue, Canyon, TX 79015
      View Details
    • $695,000

      Prime Commercial Land in Canyon,TX

      Five acre commercial land tract with highway frontage in Canyon.
      6110 4TH Avenue, Canyon, TX 79015
      View Details
    • $349,500
      2,270 SF

      Canyon, TX Commercial Property

      Commercial property with historic home and shop on 1.58 acres.
      100 N 11TH Street, Canyon, TX 79015-2328
      View Details
    • $375,000
      78,844 SF

      Canyon, TX Land For Sale

      1.81 acre commercial land available in Canyon, Texas.
      FM 2590 and Tatum Schulte, Canyon, TX 79015
      View Details
    • $135,000
      1,120 SF

      Unrestricted Land Near Canyon, TX

      1.44 acre homesite outside Canyon city limits with no restrictions.
      14701 Gordon Cummings Road, Canyon, TX 79015-7266
      View Details
    • $1,500,000
      2,240 SF

      Turn-Key Restaurant Opportunity in Canyon

      Fully operational restaurant for sale in high-traffic Canyon location.
      408 23RD Street, Canyon, TX 79015-4042
      View Details
    • $324,999
      3,214 SF

      Canyon, TX Duplex Investment

      Three-bedroom, two-bath duplex with strong rental potential in Canyon, TX.
      29 Southridge Drive, Canyon, TX 79015
      View Details
    • $10,740,000

      Income-Producing Caliche Mining Operation

      1280 acres near Canyon, TX with mining and ranching potential.
      Cemetery Rd Caliche Pit, Canyon, TX 79015
      View Details
    • $85,000

      Land Overlooking Palo Duro Canyon

      Land in gated community with canyon views and utilities.
      VALLEYVIEW Drive, Canyon, TX 79015
      View Details
    • $5,500,000
      1,716 SF

      Prime Canyon Commercial Land Available

      Highly visible 20-acre tract ideal for various commercial developments.
      8691 W COUNTRY CLUB Road, Canyon, TX 79015-5984
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - One-acre lakefront lot with upgrades and stunning views.
    Where is this waterfront land located?
    The property is located at 12 FROG LEAP Canyon, TX.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Lakefront lot on Lake Tanglewood.; Stainless steel boat dock with TREX double decking.; Recent upgrades including curved cement retaining walls and cement steps.
    (806) 358-7421
    We can help!
    Listing Contact
    Chonda Brent
    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

    Thank You for Inquiry
    12 FROG LEAP, Canyon, TX 79015
    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!