Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Bridgeport Interior Lot Title is generated by Realmo AI

    120 Demonbreun Court, Chico, TX 76431

    View on Map
    Claim this Listing
    For Sale
    $40,000

    LAND - Chico, TX

    Lot size:
    1.51 Acres
    Added:
    Apr 20, 2026
    Days on Market:
    49
    Last Refresh:
    Jun 7 at 4:06 am

    Property Features for 120 Demonbreun Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    782675
    Lot size
    1.51 Acres

    Taxes and HOA fees

    Tax Description
    LOT 9 GRAND HARBOR ON LAKE BRIDGEPORT
    Tax Annual Amount
    433

    We can help!

    Listing Contact
    Cindy Grommesh

    Listing agent Cindy Grommesh License #0621025

    Listing office C-21 SUE ANN DENTON, BRIDGEPORT Bridgeport, TX

    Listing date Apr 20, 2026

    MLS# 21244610 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 interior lot in upscale gated community.
    • Access to 12,000 acre Lake Bridgeport for boating, skiing, and fishing.
    • Enjoy the community pool and boat ramp available to owners.
    • Private water system.
    • Paved streets and underground utilities are in place.
    • Located in North Star Pointe community.

    Overview

    This interior lot offers 1.5 acres of land within the North Star Pointe community on Lake Bridgeport. North Star Pointe is an upscale, gated community situated on Lake Bridgeport, a 12,000-acre lake popular for boating, skiing, fishing, and other water sports. The community provides a private water system, paved streets, and underground utilities. Lot sizes within the community are one acre or larger. Residents have access to a community pool and boat ramp.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Nail Salon Auto Repair Shop Building Supply Gym & Fitness Center Pharmacy Big Box & Wholesale Store Accounting Firm Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Wise
    State
    Texas
    Longitude
    -97.8129
    Latitude
    33.3473

    Nearby Similar for Sale

    • $275,000

      Historic Two-Unit Retail Building

      Built in 1905, this vintage property offers two separate units with independent upstairs and downstairs entries.
      102 E Jacksboro Street, Chico, TX 76431
      View Details
    • $777,920

      Versatile Pastureland with Private Access

      Nearly 60 acres of pasture and game habitat, with private-road access and well water availability for future development.
      1179 CR 1470, Chico, TX 76431
      View Details
    • $224,000

      Lakefront Recreational Land Lot

      Buildable lakefront lot in a gated community with paved roads and shared recreational amenities.
      Moonlight Bay Drive lot: 340, Chico, TX 76431
      View Details
    • $145,000

      Lake Bridgeport Land with Amenities

      Secluded land on Lake Bridgeport with community amenities.
      416 Sunset Bay Pointe Court, Chico, TX 76431
      View Details
    • $250,000

      Unrestricted Recreation & Livestock Land

      Unrestricted acreage with fencing on three sides and a rear tank, suited for recreation, livestock, or future building plans.
      347 County Road 1643, Chico, TX 76431
      View Details
    • $250,000

      Unrestricted Fenced Farmland Tract

      A rural, unrestricted acreage with fencing and a rear tank, suited for building, recreation, or livestock use.
      297 County Road 1643, Chico, TX 76431
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 1.5 acre interior lot in gated lake community.
    Where is this waterfront land located?
    The property is located at 120 Demonbreun Court Chico, TX.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: 1.5 acre interior lot in upscale gated community.; Access to 12,000 acre Lake Bridgeport for boating, skiing, and fishing.; Enjoy the community pool and boat ramp available to owners.
    (940) 683-3080
    We can help!
    Listing Contact
    Cindy Grommesh
    Real Estate License ID: 0621025
    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
    120 Demonbreun Court, Chico, TX 76431
    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!