Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    124 Riley Lane lot 3 Port O' Connor, TX 77982

    View on Map
    Claim this Listing
    For Sale
    $299,000

    LAND - Port O'Connor, TX

    Lot size:
    2.00 Acres
    Added:
    May 11, 2025
    Days on Market:
    362
    Last Refresh:
    May 7 at 6:06 am

    Property Features for 124 Riley Lane lot 3

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    92360
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LIVE OAK BAYOU ACRES (POC), LOT 3
    Tax Annual Amount
    3256

    Utilities

    Sewer type
    Septic Needed, Public Sewer
    Water source
    Public
    Water front
    1

    Building Details

    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Brenda Carter
    Brenda Carter

    Listing agent Brenda Carter License #0465824

    Listing office Russell Cain Real Estate, Port O'Connor P.O. Box 161, TX

    Listing date May 11, 2025

    MLS# 579137 Listing URL

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Waterfront property with direct access to Live Oak Bayou, leading to Matagorda Bay
    • RV‑friendly with a large (30' x 40') heavy‑duty R‑panel carport already in place
    • Two‑acre tract offering ample space and unobstructed views overlooking Powerhorn Ranch
    • Utilities (water and electricity) are already on‑site
    • Seller has built‑up pads for both the carport and a future house
    • Circle rock driveway provides convenient access for boats and RVs

    Overview

    Waterfront RV-Friendly Land Available

    This two-acre waterfront tract is suitable for RVs and overlooks Powerhorn Ranch. Live Oak Bayou, a stream that runs from Matagorda Bay, provides kayak or boat access directly to the lot. A 1500 square foot carport, measuring 30' x 40', constructed with heavy-duty R-panel, is available for RVs or boats. Water and electric services are on-site, and septic installation is required. The property features shared road maintenance. The seller has built up a pad for the carport and a house pad to the west of the carport. A circle rock driveway provides convenient access for boats and RVs. Located off the beaten path in Port O'Connor, the property offers quiet living on two waterfront acres with scattered trees. The property is ready for building a house or barnominium.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Campgrounds

    Map

    City
    Port O' Connor
    County
    Calhoun
    State
    Texas
    Longitude
    -96.448138
    Latitude
    28.440232

    Nearby Similar for Sale

    • $225,000
      360 SF

      Port O'Connor Getaway with RVs

      Two lots with garage, boat shed, pool, RVs, mower.
      11th Street lot: 7 & 8, Port O'Connor, TX 77982
      View Details
    • $224,900

      Port O'Connor RV Lot

      RV lot near Kingfisher Beach with drive-through access.
      202 S 5th Street lot: 22, Port O'Connor, TX 77982
      View Details
    • $255,000

      RV Carport and Storage Building

      Cleared lot with RV carport, storage, and utilities in POC.
      501 W MAPLE Street, Port O'Connor, TX 77982
      View Details
    • $179,000

      Waterfront Lot in Port O'Connor

      Waterfront lot with access to amenities in Port O'Connor.
      352 E Arbor Vista lot: 352, Port O'Connor, TX 77982
      View Details
    • $599,000

      Waterfront Lot in Port O'Connor

      Waterfront 1.04-acre lot with bay views in Port O'Connor.
      15 BAHIA VISTA Lane lot: 15, Port O'Connor, TX 77982
      View Details
    • $1,690,000
      6,300 SF

      Port O'Connor RV Park

      48-slot RV park with bungalow and boat barns.
      3312 W Monroe Street, Port O'Connor, TX 77982
      View Details
    • $130,000

      Unrestricted Lot in Port O'Connor

      Oversized lot with utilities and RV pads ready for use.
      52 Joy Street, Port O'Connor, TX 77982
      View Details
    • $590,000
      2,943 SF

      Port O'Connor Quadplex with Barn

      Fourplex with oversized boat barn and potential rental income.
      512 W Adams Street, Port O'Connor, TX 77982
      View Details
    • $580,000
      2,943 SF

      Port O'Connor Income Property

      Fourplex with oversized boat barn on two corner lots.
      512 W Adams Street, Port O'Connor, TX 77982
      View Details
    • $289,000
      1,200 SF

      Retail Opportunity in Port O'Connor

      1200 SF retail space in prime Port O'Connor location.
      215 W Adams Avenue, Port O'Connor, TX 77982
      View Details

    FAQs

    What type of property is this?
    Campground - Two-acre waterfront tract suitable for RVs or building.
    Where is this campground located?
    The property is located at 124 Riley Lane lot 3 Port O' Connor, TX.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Waterfront property with direct access to Live Oak Bayou, leading to Matagorda Bay; RV‑friendly with a large (30' x 40') heavy‑duty R‑panel carport already in place; Two‑acre tract offering ample space and unobstructed views overlooking Powerhorn Ranch
    (361) 920-2005
    We can help!
    Listing Contact
    Brenda Carter
    Brenda Carter
    Real Estate License ID: 0465824
    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
    124 Riley Lane lot: 3, Port O'Connor, TX 77982
    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!