Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lakefront Lot in The Haven Title is generated by Realmo AI

    181 Country Road 1505, Alba, TX 75410

    View on Map
    Claim this Listing
    For Sale
    $119,000

    LAND - Alba, TX

    Lot size:
    0.71 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    84
    Last Refresh:
    Jun 7 at 4:06 am

    Property Features for 181 Country Road 1505

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R79435
    Lot size
    0.71 Acres

    Taxes and HOA fees

    Tax Description
    LOT 18 .707 HAVEN AT LAKE FORK
    Tax Annual Amount
    1569

    Utilities

    Water front features
    Waterfront, Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Bobbie Jo Glover

    Listing agent Bobbie Jo Glover License #0626310

    Listing office Compass RE Texas, LLC Dallas, TX

    Listing date Mar 16, 2026

    MLS# 21093275 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

    • .707‑acre lakefront lot with waterfront features listed as waterfront and lake front
    • Located in The Haven at Lake Fork, home to the #1 bass fishing lake in Texas (per remarks)
    • At the end of a quiet cul‑de‑sac and backing up to peaceful agricultural land
    • Heavily treed lot for shade and seclusion
    • Dock approval noted, with potential for private access to Lake Fork

    Overview

    This lakefront lot in The Haven at Lake Fork offers a private, heavily treed setting designed for relaxed waterfront living. The property sits at the end of a quiet cul-de-sac and backs up to peaceful agricultural land, creating a sense of seclusion while keeping the focus on the water. With dock approval, you can build your own private access for direct days on Lake Fork, whether your plans are a weekend retreat or a full-time lake home. The natural landscape provides shade and character, offering a comfortable canvas for your preferred build.

    Located in Alba, TX within the Lake Fork community, the lot is positioned to blend privacy with recreation. Its lake frontage provides straightforward opportunities for fishing, boating, and enjoying sunsets from your backyard. Being nestled at the end of a cul-de-sac also supports a quieter arrival and a more private feel.

    This is a strong option for buyers seeking a lakefront site where they can tailor the home to their lifestyle. If you want personal water access and a wooded setting with room to create, the property’s treed character, dock approval, and rural backdrop make it well-suited for both nature-forward weekend use and a dedicated lake residence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Alba
    County
    Wood
    State
    Texas
    Longitude
    -95.5841
    Latitude
    32.7615

    Nearby Similar for Sale

    • $1,250,000
      2,128 SF

      Horse Ranch Land with Barn

      Mostly open pasture in Ag-exempt Rains County, with barn, wash bay, arena, shop, and a well-kept residence.
      500 Rs County Road 2370, Alba, TX 75410
      View Details
    • $160,000

      Unrestricted Highway Frontage Land

      Unrestricted 7.05-acre tract with partial fencing and Highway 69 frontage, suited for commercial or mixed-use development.
      HWY 69, Alba, TX 75410
      View Details
    • $160,000

      Unrestricted Highway Frontage Land

      Unrestricted 7.05-acre tract on Hwy 69 with strong visibility and flexible development options.
      Highway 69, Alba, TX 75410
      View Details
    • $159,000

      Commercial Land with Highway Frontage

      Flat, cleared commercial lot with substantial Highway 69 frontage and owner financing available.
      329 E Greenville Street, Alba, TX 75410
      View Details
    • $185,000

      Multi-Site Development Land Tract

      Versatile acreage with partial clearing, mature trees, and pond features—positioned with direct highway access outside city limits.
      Hwy 69, Alba, TX 75410
      View Details
    • $169,500

      6.4 Acres Unimproved Land

      6.4 acres of land with utilities near Emory and Mineola.
      S HWY 69, Alba, TX 75410
      View Details
    • $169,500

      6.4 Acres on HWY 69

      6.4 acres with utilities and pond near Alba, Texas.
      S HWY 69, Alba, TX 75410
      View Details
    • $104,999

      Land Near Lake Fork

      2.226-acre tract near Lake Fork, perfect for building.
      1821 County Road 1570, Alba, TX 75410
      View Details
    • $184,999

      Unrestricted Acreage with Metal Shop

      Over six acres with a 40x38 metal shop, concrete floors, utilities for RV use, and a wooded rear section.
      797 County Road 2958, Alba, TX 75410
      View Details
    • $139,000

      Recreational Land with Private Pond

      Build opportunities on farmland with a pond and stream, plus recreation and hay potential near Lake Fork.
      423 County Road 1560, Alba, TX 75410
      View Details
    • $135,000

      Unrestricted Commercial Land with Workshop

      Unrestricted acreage with FM frontage, a new 520 SF framed building, utilities, pond, and storage/workshop structure.
      9696 Fm-515, Alba, TX 75410
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Treed lakefront property at the end of a quiet cul-de-sac, with dock approval and backing agricultural land.
    Where is this waterfront land located?
    The property is located at 181 Country Road 1505 Alba, TX.
    What is the asking price?
    The asking price for this property is $119,000.
    What are key features of this property?
    This property features: .707‑acre lakefront lot with waterfront features listed as waterfront and lake front; Located in The Haven at Lake Fork, home to the #1 bass fishing lake in Texas (per remarks); At the end of a quiet cul‑de‑sac and backing up to peaceful agricultural land
    (214) 814-8100
    We can help!
    Listing Contact
    Bobbie Jo Glover
    Real Estate License ID: 0626310
    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
    181 Country Road 1505, Alba, TX 75410
    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!