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    Waterfront Residential Lot Title is generated by Realmo AI

    135 Ridgewood Lane, Murchison, TX 75778

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    Claim this Listing
    For Sale
    $49,900

    LAND - Murchison, TX

    Lot size:
    0.18 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    74
    Last Refresh:
    Jun 7 at 8:06 am

    Property Features for 135 Ridgewood Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Cleared
    Patio and Porch features
    Deck
    Exterior features
    Deck, Storage
    Standard status
    Active
    APN
    R000046868
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 0.181 BLK: 23 LOT: 7 ADDN: HICKORY HIL
    Tax Annual Amount
    168

    Utilities

    Water front features
    Waterfront, Lake Front
    Water front
    1

    Building Details

    Additional Structures
    Storage

    We can help!

    Listing Contact
    Dale Beard

    Listing agent Dale Beard License #0611483

    Listing office Tankersley Real Estate Van, TX

    Listing date Mar 26, 2026

    MLS# 21055241 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

    • Waterfront lot on Hickory Hills Lake with lake front/pond access
    • Screened‑in porch and deck for relaxing outdoors
    • Electric pole on‑site; water meter and septic tank needed for an RV, mobile home, or site‑built home
    • Mobile homes and site‑built homes must be at least 600 sq ft
    • Hickory Hills Lake/pond allows canoes, kayaks, and non‑motorized boats only
    • Community amenities include pool, picnic area, children’s park, swim area, and fishing pier; access to 365‑acre Callender Lake (spring fed)

    Overview

    This waterfront lot sits on the shoreline of Hickory Hills Lake and is set up for relaxing days on the water, including fishing and views from a screened-in porch room. The property includes an electric pole, with additional onsite utilities required when you add an RV, mobile home, or site-built home. A water meter and septic tank will be needed for development. The lot is intended for water-friendly use, with the lake or pond allowing canoes, kayaks, and non-motorized boats.

    Residents also have access to the larger Callender Lake, described as a 365-acre spring-fed lake, where boating, jet skiing, fishing, swimming, and other water activities are available. The subdivision includes shared amenities such as a community pool, picnic area, children’s park, swim area, and a fishing pier.

    Ideal uses include an RV or a future home site, with mobile homes and site-built homes required to be at least 600 square feet. With its waterfront setting and built-in access to both a quieter pond environment and a larger recreational lake, the property offers a straightforward foundation for buyers seeking a personal retreat and straightforward weekend-to-lifestyle enjoyment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Pharmacy Big Box & Wholesale Store Department Store Discount Store Electronics & Wireless Store Storage Facility Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Murchison
    County
    Henderson
    State
    Texas
    Longitude
    -95.706817
    Latitude
    32.369214

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    FAQs

    What type of property is this?
    Waterfront Land - Serene lakefront lot on Hickory Hills Lake with fishing access and community recreational amenities.
    Where is this waterfront land located?
    The property is located at 135 Ridgewood Lane Murchison, TX.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: Waterfront lot on Hickory Hills Lake with lake front/pond access; Screened‑in porch and deck for relaxing outdoors; Electric pole on‑site; water meter and septic tank needed for an RV, mobile home, or site‑built home
    (903) 963-5565
    We can help!
    Listing Contact
    Dale Beard
    Real Estate License ID: 0611483
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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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