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    Campground Development Opportunity Title is generated by Realmo AI

    245 W State Highway 276, West Tawakoni, TX 75474

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    Claim this Listing
    For Sale
    $1,000,000

    COMMERCIAL - West Tawakoni, TX

    Lot size:
    3.33 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    36
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for 245 W State Highway 276

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Driveway, Open
    Standard status
    Active
    APN
    27802
    Lot size
    3.33 Acres

    Taxes and HOA fees

    Tax Description
    A0533 HODGES JOHN T, TRACT 16, ACRES 3.332
    Tax Annual Amount
    5217

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Space Heater, Electric (Heating)
    Cooling system
    Electric, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1955
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Vinyl
    Roof type
    Composition

    We can help!

    Listing Contact
    Kathy Hobbs

    Listing agent Kathy Hobbs License #0417256

    Listing office Exit Realty Pinnacle Group Quinlan, TX

    Listing date Apr 29, 2026

    MLS# 21240573

    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

    • Commercial property at 245 W State Highway 276 in West Tawakoni, TX, near Lake Tawakoni
    • Includes two cabins
    • Built in 1955
    • Vinyl flooring
    • Electric heating and cooling with window unit(s)
    • Public water and public sewer; composition roof; driveway parking with open parking

    Overview

    This offering presents a campgrounds and hospitality-style commercial property with two cabins and space designed for outdoor use. The seller is currently developing the grounds with amenities that support recreation and events, including sand volleyball, golf, and outdoor concerts. The lot also provides room for parking, outdoor enjoyment, and potential future improvements, making the configuration adaptable for buyers looking to build upon an existing base.

    Located at 245 W State Highway 276 in West Tawakoni, the property benefits from convenient highway access and proximity to local amenities. The setting near Lake Tawakoni supports a lifestyle-oriented appeal, with outdoor recreation such as boating, fishing, and nearby parks commonly associated with the area. Easy commuting to surrounding areas is described as straightforward, which can be helpful for seasonal visitors and event-driven traffic.

    For investors, this is positioned as a potential buy-and-hold opportunity or a development-minded project, with the seller indicating a willingness to consider an investor partner. The existing cabins and active recreational concept create a practical starting point for operators or developers seeking to refine the guest experience and scale outdoor programming over time. All information is deemed reliable but not guaranteed; buyers and agents should verify details including square footage and property specifics.
    Property Profile Location Intelligence

    Current Use by Public Records

    Campgrounds

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    West Tawakoni
    County
    Hunt
    State
    Texas
    Longitude
    -96.042383
    Latitude
    32.902768

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    FAQs

    What type of property is this?
    Campground - A commercially oriented property near Lake Tawakoni with two cabins and room for expansion and outdoor events.
    Where is this campground located?
    The property is located at 245 W State Highway 276 West Tawakoni, TX.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Commercial property at 245 W State Highway 276 in West Tawakoni, TX, near Lake Tawakoni; Includes two cabins; Built in 1955
    (972) 741-2421
    We can help!
    Listing Contact
    Kathy Hobbs
    Real Estate License ID: 0417256
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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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