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    Turnkey Lakefront RV Campground Land Title is generated by Realmo AI

    TBD Lots 1431-1433 Lake Front Circle, May, TX 76857

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    Claim this Listing
    For Sale
    $195,000

    LAND - May, TX

    Lot size:
    0.18 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    67
    Last Refresh:
    Jun 6 at 10:06 am

    Property Features for TBD Lots 1431-1433 Lake Front Circle

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    000000079862
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Description
    OAK POINT PHASE THREE, LOT 1431, ACRES 0.06
    Tax Annual Amount
    350

    Building Details

    Year built
    2021

    We can help!

    Listing Contact
    Jordan Barton

    Listing agent Jordan Barton License #0769808

    Listing office Turnkey Realty LLC Odessa, TX

    Listing date Apr 1, 2026

    MLS# 21224006 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

    • Year built 2021; three lake lots with covered RV parking ready for weekend use
    • Two 20x45x16 covered RV parking spots per lot, each on concrete pads
    • 12' elevated deck above the RV covers for lake views over Lake Brownwood
    • Utilities onsite: water hooked up and electric available with 2 x 50‑amp and 2 x 30‑amp plugs
    • Five aluminum framed awnings, including two adjustable awnings
    • Included with approved offer: 2022 Can‑Am Defender Max XT HD9 and a 2018 Crossroads RV Volante 3801 MD 5th wheel with 4 slide outs

    Overview

    This turnkey lake property offers three lots configured for RV weekends. Each lot includes two covered RV parking spaces measuring 20x45x16, with concrete pads already in place. The setup is finished with five aluminum-framed awnings, including two adjustable awnings, and a large 12' elevated deck positioned on top of the RV covers for lake views.

    Water is on site and already hooked up, and electricity is also available with two 50-amp and two 30-amp plugs. The property is described as lake front, with views over Lake Brownwood, and the address is listed as TBD Lots 1431-1433 Lake Front Circle in May, Texas (Brown County).

    With utilities connected and the covered parking and deck in place, the site is ready for immediate weekend and holiday enjoyment. The offering includes a 2022 Can-Am Defender Max XT HD9 (with Defender Max Level 4 audio and Elip Glass Windshield Assembly) and a 2018 Crossroads RV Volante 3801 MD 5th wheel camper with four slide outs, an office area with bunk beds, and a lofted sleeping area that can also function as extra storage. For buyers looking for a well-prepared lake basecamp, this combination is built to minimize setup and maximize time on the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Campgrounds

    Suggested Use

    Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    May
    County
    Brown
    State
    Texas
    Longitude
    -98.9982
    Latitude
    31.9764

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      Gated RV Lot with Lake Access

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    FAQs

    What type of property is this?
    Campground - Three lakefront lots with covered RV parking, utilities in place, an elevated deck, and included RV and UTV.
    Where is this campground located?
    The property is located at TBD Lots 1431-1433 Lake Front Circle May, TX.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: Year built 2021; three lake lots with covered RV parking ready for weekend use; Two 20x45x16 covered RV parking spots per lot, each on concrete pads; 12' elevated deck above the RV covers for lake views over Lake Brownwood
    (432) 349-6667
    We can help!
    Listing Contact
    Jordan Barton
    Real Estate License ID: 0769808
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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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