Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lakefront Lot Ready for Getaway Title is generated by Realmo AI

    Lot 23 Pelican Isle, Kerens, TX 75144

    View on Map
    Claim this Listing
    For Sale
    $89,900

    Improved Land - Kerens, TX

    Lot size:
    0.06 Acres
    Added:
    May 7, 2026
    Days on Market:
    26
    Last Refresh:
    Jun 1 at 1:06 pm

    Property Features for Lot 23 Pelican Isle

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Storage
    Standard status
    Active
    APN
    56354
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Expense value
    65
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Water front features
    Lake Front, Waterfront
    Water front
    1

    Building Details

    Year built
    2009
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Beatrice Villa

    Listing agent Beatrice Villa License #0736555

    Listing office CENTURY 21 Judge Fite Co. 117 N. Dallas St., Dallas, TX

    Listing date May 7, 2026

    MLS# 21262987 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 with beautiful water views
    • Utilities available: electricity, water, and sewer
    • Ready for RV or tiny home
    • HOA community
    • Seller working on retaining wall
    • Easy access to summer fun

    Overview

    This lakefront lot is ready for an RV or tiny home getaway. Located in an HOA community, the property offers water views and easy access to summer activities. Utilities, including electricity, water, and sewer, are available. The seller is currently working on a retaining wall. This 0.062-acre lot is located in Kerens, TX, in the 75144 postal code, Navarro County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kerens
    County
    Navarro
    State
    Texas
    Longitude
    -96.199
    Latitude
    32.1018

    Nearby Similar for Sale

    • $97,995

      Kerens, TX Commercial Land Opportunity

      Cleared 0.241 acre lot with highway frontage and utilities.
      210 NE 2nd Street, Kerens, TX 75144
      View Details
    • $1,890,000
      3,772 SF

      Lakefront Property with Income Potential

      Stunning lakefront property with workshop and rental opportunities.
      11077 S US Highway 287, Kerens, TX 75144
      View Details
    • $1,500,000

      Kerens Warehouse on 10 Acres

      10,000 SF warehouse on 10 acres in Kerens, Texas.
      11125 E State Highway 31 Highway, Kerens, TX 75144
      View Details
    • $2,600,000

      200.7 Acres Ranch in Kerens

      200.7 acres with pasture, ponds, and wooded area.
      0000 SE CR 4210, Kerens, TX 75144
      View Details
    • $60,000

      Land Near Richland Chambers Reservoir

      2.01 acre lot near Richland Chambers Reservoir in Kerens, TX.
      Lot 49 Baybridge, Kerens, TX 75144
      View Details
    • $20,000

      Corner Lot Ready to Build

      0.23-acre corner lot in Kerens, TX, ready for building.
      0000 SE 4th Street, Kerens, TX 75144
      View Details
    • $1,750,000

      Texas Land with Hunting History

      150-acre property near Kerens, TX, ideal for ranching or recreation.
      150 +- Acres Highway 31, Kerens, TX 75144
      View Details
    • $315,000

      Richland Chambers Lake Waterfront Land

      Waterfront land on Richland Chambers Lake ready for your dream home.
      Lot 21,22,23 Embarcadero, Kerens, TX 75144
      View Details
    • $35,000

      Kerens Classic Brick Commercial Building

      Classic brick building in downtown Kerens with high potential.
      120 3rd Street, Kerens, TX 75144
      View Details
    • $450,000

      Waterfront Land on Richland Chambers

      3.125-acre waterfront property with 300 feet of shoreline.
      Tbd SE CR 3230A, Kerens, TX 75144
      View Details
    • $125,000

      Waterfront RV Lot in Kerens

      Turnkey waterfront RV lot with resort-style amenities.
      6454 Peninsula Road, Kerens, TX 75144
      View Details
    • $178,900

      Waterfront Lots in Gated Community

      Waterfront lots ideal for RV or tiny home living.
      Lots 117 & 118 Peninsula Road, Kerens, TX 75144
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Lakefront lot with utilities ready for RV or tiny home.
    Where is this waterfront land located?
    The property is located at Lot 23 Pelican Isle Kerens, TX.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: Lakefront lot with **beautiful water views**; Utilities available: electricity, water, and sewer; Ready for RV or tiny home
    (817) 960-9611
    We can help!
    Listing Contact
    Beatrice Villa
    Real Estate License ID: 0736555
    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
    Lot 23 Pelican Isle, Kerens, TX 75144
    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!