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    Lake-Access Fenced Double Lot Title is generated by Realmo AI

    160 Rising Star, Quitman, TX 75783

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    Claim this Listing
    Pending
    $45,000

    LAND - Other - Quitman, TX

    Lot size:
    0.23 Acres
    Added:
    May 23, 2026
    Days on Market:
    12
    Last Refresh:
    Jun 3 at 1:06 pm

    Property Features for 160 Rising Star

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Boat, RV
    Vegetation
    Grassed, Cleared
    Patio and Porch features
    Deck
    Exterior features
    Awnings, Barbecue, Deck, FirePit, PrivateYard, RvHookup, Storage
    Standard status
    Pending
    APN
    R72548
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Propane (Heating), Central
    Cooling system
    Window Unit(s), Electric, Ceiling Fan(s), Central Air

    Building Details

    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Brannon Alvarez

    Listing agent Brannon Alvarez License #0747033

    Listing office Real Broker, LLC Dallas, TX

    Listing date May 23, 2026

    MLS# 21147208 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

    • Fully fenced, double‑lot property in a secure, gated community with direct Lake Fork access
    • 20' x 35' oversized carport for vehicles, boats, or recreational equipment
    • Included Fifth Wheel Excel RV plus an RV carport
    • Covered deck with handicap‑accessible ramp and outdoor features including awnings, fire pit, and private yard
    • 10' x 13' workshop with washer, dryer, and extra refrigerator for added storage
    • HOA fee is $52/month; well water filtration and sewer are $65/month each plus usage; high‑speed internet and cable available

    Overview

    Offered for sale at 160 Rising Star in Quitman, this fully fenced, double-lot property is positioned for lake living and flexible use. The site includes an oversized carport measuring 20 feet wide by 35 feet long, designed to house vehicles, boats, or recreational equipment. Improvements also include a Fifth Wheel Excel RV, an additional RV carport, and a covered deck with a handicap-accessible ramp. For added storage and convenience, there is a 10-foot by 13-foot workshop equipped with a washer, dryer, and an extra refrigerator.

    Located within the Holiday Villages of Fork gated community, the property provides direct lake access. The community is golf cart- and ATV-friendly and accommodates boats and RVs. On-site amenities referenced with the community include fishing piers, private boat ramps, a saltwater pool, clubhouse, playgrounds, mini-golf, a basketball court, and picnic areas, along with scheduled social events such as monthly potlucks and bingo nights.

    This setup can appeal to buyers seeking a personal lake retreat or an investment-ready option that supports both short- and long-term rentals. With HOA dues identified at $52 per month and additional costs noted for water filtration and sewer services, the property offers a practical combination of established infrastructure and a resort-style environment for lake-focused tenants and guests.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Real Estate Agency Hair Salon Hotel & Motel Storage Facility Discount Store Bed & Breakfast Travel Agency (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Quitman
    County
    Wood
    State
    Texas
    Longitude
    -95.51011529
    Latitude
    32.84161487

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    FAQs

    What type of property is this?
    Mobile home & RV park - Secure, gated double lot with direct lake access and RV-ready improvements for flexible short- or long-term stays.
    Where is this mobile home & rv park located?
    The property is located at 160 Rising Star Quitman, TX.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: Fully fenced, double‑lot property in a secure, gated community with direct Lake Fork access; 20' x 35' oversized carport for vehicles, boats, or recreational equipment; Included Fifth Wheel Excel RV plus an RV carport
    (214) 202-7615
    We can help!
    Listing Contact
    Brannon Alvarez
    Real Estate License ID: 0747033
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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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