Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Building Lot with Open Views Title is generated by Realmo AI

    18029 Lake Ray Hubbard Drive, Forney, TX 75126

    View on Map
    Claim this Listing
    For Sale
    $274,898

    LAND - Forney, TX

    Lot size:
    0.13 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    57
    Last Refresh:
    Jun 5 at 2:06 am

    Property Features for 18029 Lake Ray Hubbard Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    199991
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Description
    TRAVIS RANCH MARINA LOTS, BLOCK A, LOT 16
    Tax Annual Amount
    5932

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Nick Mirza

    Listing agent Nick Mirza License #0708204

    Listing office Texas Ally Real Estate Group Austin, TX

    Listing date Apr 10, 2026

    MLS# 21084834 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

    • Lakefront lot on Lake Ray Hubbard with open water views and 180+ degree water views
    • Public water available and public sewer available
    • Located in Travis Ranch Marina waterfront development on an exclusive street
    • Interior lot surrounded by water views

    Overview

    This offering is a waterfront building lot positioned for a custom home build. The parcel is described as an interior lot on an exclusive street, with beautiful open water views and an emphasis on serene, tranquil surroundings. The property is presented as a premium option within Travis Ranch Marina, designed around lakefront living.

    Located on Lake Ray Hubbard in Forney, Texas, the site is described as only a few minutes from the Heath Golf & Yacht Club. The lot’s appeal centers on its setting, with water views highlighted as a key feature and an expected focus on relaxation and enjoying the surrounding scenery.

    For buyers looking to construct a dream residence at the lake, this lot offers a straightforward path to bring a builder and plan a home that captures the property’s 180+ degree water view potential. Its interior placement and established waterfront neighborhood context may appeal to those seeking privacy while still being able to enjoy the community atmosphere and surrounding luxury homes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Kitchen & Bath Showroom Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Forney
    County
    Kaufman
    State
    Texas
    Longitude
    -96.489302
    Latitude
    32.812824

    Nearby Similar for Sale

    • $1,500,000
      4,420 SF

      Landmark Office Building

      Distinctive office space with character-rich finishes, interior and exterior stair access, and practical amenities including restrooms.
      201 N Bois D Arc Street, Forney, TX 75126
      View Details
    • $1,400,000

      Multiple Use Flex Warehouse Building

      Front and rear roll-up doors and an office showroom create flexible space for retail or light industrial concepts.
      103 W Broad, Forney, TX 75126
      View Details
    • $1,200,000

      Custom Office Building for Owner-Users

      Meticulously maintained office building with six private offices, conference room, and executive bath for a flexible owner-user setup.
      408 Pinson Road, Forney, TX 75126
      View Details
    • $2,900,000

      Automotive Car Wash Site

      For-sale car wash site on FM 1641 with strong retail-driven traffic and high-growth suburban visibility.
      254 Fm 1641, Forney, TX 75126
      View Details
    • $1,193,540
      2,000 SF

      Commercial Development Land with Visibility

      Zoned commercial tract with strong road visibility and commuter access for retail, services, or mixed-use concepts near Forney growth.
      13625 Reeder Road, Forney, TX 75126
      View Details
    • $1,783,782

      Highway-Adjacent Commercial Land

      1.17-acre site on the US 80 service road with strong visibility and convenient access for retail, office, or restaurant development.
      503 E US 80, Forney, TX 75126
      View Details
    • $2,454,600

      Commercial Land on Highway Service Road

      1.6-acre commercial site with strong highway visibility and direct service-road access for retail, office, or restaurant development.
      503 E US Hwy 80, Forney, TX 75126
      View Details
    • $4,174,000

      Commercial Land with Highway Frontage

      High-visibility commercial site on the US Highway 80 service road, well-suited for retail, office, or restaurant development.
      503 E US Highway 80, Forney, TX 75126
      View Details
    • $1,024,849

      Commercial Development Land with Visibility

      Zoned for commercial and residential uses, this high-visibility tract offers strong development potential along a major east Texas corridor.
      Hwy 80, Forney, TX 75126
      View Details
    • $1,024,849

      Commercial Land with Highway Visibility

      Over 5 acres zoned for commercial and residential development with strong visibility near major employers and Hwy 80.
      Hwy 80, Forney, TX 75126
      View Details
    • $2,300,000

      Land with Two-Side Road Access

      Flexible, out-of-city land with broad development options and practical utilities, positioned for quick access to major highways.
      15530 Wiser Road, No City, TX 75126
      View Details
    • $259,900

      Versatile Brick Retail Building

      Brick retail building with multiple rooms, garage, kitchen, and two bathrooms, positioned for strong street-level exposure.
      505 E Broad Street, Forney, TX 75126
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Build a waterfront home with sweeping open-water views in a luxury Lake Ray Hubbard development.
    Where is this waterfront land located?
    The property is located at 18029 Lake Ray Hubbard Drive Forney, TX.
    What is the asking price?
    The asking price for this property is $274,898.
    What are key features of this property?
    This property features: Lakefront lot on Lake Ray Hubbard with open water views and 180+ degree water views; Public water available and public sewer available; Located in Travis Ranch Marina waterfront development on an exclusive street
    (512) 763-2559
    We can help!
    Listing Contact
    Nick Mirza
    Real Estate License ID: 0708204
    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
    18029 Lake Ray Hubbard Drive, Forney, TX 75126
    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!