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    Lakefront Development & Equestrian Land Title is generated by Realmo AI

    1810 Charlie Court, Granbury, TX 76049

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    Claim this Listing
    New
    For Sale
    $4,986,950

    LAND - Other - Granbury, TX

    Property size:
    2,000 SF
    Lot size:
    53.74 Acres
    Price / SF:
    $2,493/SF
    Added:
    Jun 7, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 7 at 8:06 pm

    Property Features for 1810 Charlie Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Boat, RV
    Exterior features
    BoatSlip, Dock, RvHookup
    Fencing
    Perimeter, Fenced, Gate
    Standard status
    Active
    APN
    R000045520
    Lot size
    53.74 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 47.677 & 2.00 ABST: J SCHROEDER - ABST 505
    Tax Annual Amount
    204

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Ceiling Fan(s), Central Air, Electric, Window Unit(s)
    Water front features
    Waterfront, Lake Front
    Water front
    1

    Building Details

    Year built
    1985
    Architectural style
    Other

    We can help!

    Listing Contact
    Steve Berry

    Listing agent Steve Berry

    Listing office Keller Williams Brazos West Weatherford, TX

    Listing date Jun 7, 2026

    MLS# 21293972 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

    • 53.739 acres of lakefront land on Lake Granbury just north of Historic Granbury
    • Approx. 1,600 feet of shoreline with waterfront and lakefront features, including a dock and boat slip
    • 60 x 80 metal shop with over 2,000 SF of barndo‑style living space plus central heat and air
    • Previously operated as an RV park with approx. 32 RV sites/pad sites still on the property and RV hookups
    • Two water wells and septic tank; private boat ramp on the land for launching
    • Part of the property includes approx. 34 acres of leased grass farm with a year‑to‑year lease

    Overview

    This sale offers 53.739 acres of lakefront property with approximately 1,600 feet of shoreline. The land includes a 60-by-80 metal shop with over 2,000 square feet of barndo living space inside, along with shop and barndo areas equipped with central heat and air. A shed attached to the shop provides additional storage or work space. The property also contains part of a grass farm under a year-to-year lease of approximately 34 acres, which may be extended and can be used for income generation or other needs.

    The property is described as being just north of Historic Granbury, with lakefront access that includes a small dock and a private boat ramp for launching from the land. The acreage includes native pecan trees and hard woods, and the remarks note existing pad sites from a prior multi-site RV park use in the late 1970s. The property is said to have approximately 32 RV sites still located on the grounds.

    For buyers seeking flexible land use, the offering includes water and functional improvements. The remarks cite two water wells, a loafing shed for horses or other animals, and shoreline frontage suitable for lakefront residential development, subdividing, or other compatible uses. The owner is also willing to consider offers and subdivide the property into larger parcels, including options to carve out the lakefront and grass lease areas.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Granbury
    County
    Hood
    State
    Texas
    Longitude
    -97.8238402
    Latitude
    32.5150322

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    FAQs

    What type of property is this?
    Waterfront Land - 53+ acres of lakefront land with shoreline, existing metal shop with barndo living space, and leased grass acreage.
    Where is this waterfront land located?
    The property is located at 1810 Charlie Court Granbury, TX.
    What is the asking price?
    The asking price for this property is $4,986,950.
    What are key features of this property?
    This property features: 53.739 acres of lakefront land on Lake Granbury just north of Historic Granbury; Approx. 1,600 feet of shoreline with waterfront and lakefront features, including a dock and boat slip; 60 x 80 metal shop with over 2,000 SF of barndo‑style living space plus central heat and air
    (817) 441-4000
    We can help!
    Listing Contact
    Steve Berry
    Learn More
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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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