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    Waterfront Development Land with Lake Views Title is generated by Realmo AI

    16300 County Road 2830, Mabank, TX 75156

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    For Sale
    $4,956,000

    LAND - Mabank, TX

    Lot size:
    118.00 Acres
    Added:
    Sep 30, 2024
    Days on Market:
    613
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 16300 County Road 2830

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded, Grassed, Brush, Cleared
    Exterior features
    PrivateEntrance, PrivateYard, Storage
    Standard status
    Active
    APN
    024101100A2A60
    Lot size
    118.00 Acres

    Taxes and HOA fees

    Tax Description
    LOT: TR 11A2 AB 241 M GARCIA SUR TR 11A2/ HOU
    Tax Annual Amount
    3080

    Utilities

    Water source
    Public

    Building Details

    Year built
    2017
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Alex Acuna

    Listing agent Alex Acuna License #0516192

    Listing office Keller Williams Central Richardson, TX

    Listing date Sep 30, 2024

    MLS# 20679453 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

    • 118‑acre property on Cedar Creek Lake in Mabank, TX
    • 2,300 ft of frontage on CR 2830 plus 150 ft on Payne Springs Place Road
    • Includes open pastures, ponds, and lake/cove views
    • Utilities available: water (public), electricity, and nearby sewer service
    • Free from floodplain restrictions; no zoning status beyond city limits and ETJ reported
    • Within 8 miles of Highways 175 and 198

    Overview

    A rare opportunity to acquire 118 acres of waterfront land on Cedar Creek Lake, offering expansive, scenic views. The property includes open pastures along with tranquil ponds and picturesque vistas, creating a natural setting for a wide range of uses. Site improvements and supporting infrastructure are in place, with utilities available for water and electricity, and nearby sewer service to support development. The land is described as free from floodplain restrictions, and it is listed with no zoning status beyond city limits and ETJ, allowing flexibility for planning and concept design.

    The site features approximately 2,300 feet of frontage on County Road 2830 and about 150 feet on Payne Springs Place Road. It is located in Mabank, within roughly 8 miles of Highways 175 and 198, supporting practical regional access. A lake cove is also described as being across the street, reinforcing the waterfront character and leisure-oriented appeal of the parcel.

    This tract is well suited for investors and developers looking for land that can accommodate lifestyle-forward projects, including high-end lakefront residential estates or private ranch concepts. It may also fit mixed-use thinking, such as a recreational or hospitality component, including an upscale RV park format. For recreational buyers, the mix of pasture, water features, and waterfront views creates a compelling foundation for outdoor retreats and leisure-oriented development plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Bar & Pub HVAC Service Discount Store (Bike/Boat/Book/etc) Store Travel Agency Pet Store Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Mabank
    County
    Henderson
    State
    Texas
    Longitude
    -96.05395
    Latitude
    32.237276

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    FAQs

    What type of property is this?
    Waterfront Land - 118-acre waterfront tract with CR 2830 and road frontage, open pastures, ponds, and utilities for flexible development planning.
    Where is this waterfront land located?
    The property is located at 16300 County Road 2830 Mabank, TX.
    What is the asking price?
    The asking price for this property is $4,956,000.
    What are key features of this property?
    This property features: 118‑acre property on Cedar Creek Lake in Mabank, TX; 2,300 ft of frontage on CR 2830 plus 150 ft on Payne Springs Place Road; Includes open pastures, ponds, and lake/cove views
    (469) 467-7755
    We can help!
    Listing Contact
    Alex Acuna
    Real Estate License ID: 0516192
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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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