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    300 Lakeside Drive, West Tawakoni, TX 75474

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    For Sale
    $109,900

    LAND - West Tawakoni, TX

    Lot size:
    0.46 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    43
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for 300 Lakeside Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    39432
    Lot size
    0.46 Acres

    Taxes and HOA fees

    Tax Description
    S2125 ARROWHEAD ADDITION 1ST INSTALLMENT LOT
    Tax Annual Amount
    445

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Robbie Reed

    Listing agent Robbie Reed

    Listing office Robbie Reed, Broker TX

    Listing date Apr 22, 2026

    MLS# 21225332 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

    • Multiple adjoining lots in the Arrowhead community near Lake Tawakoni, offered together (300, 304, and 308 also included).
    • Wooded lots with mature trees, offering space to design your layout across multiple parcels.
    • Public water available and Public Sewer available.
    • Utilities include city‑provided water and trash; electricity through Farmers Electric Co‑op.
    • Arrowhead community amenities include a private marina with optional membership ($100/year), swimming area, playground, pavilion, BBQ areas, and picnic spaces.
    • Located within city limits with several internet options available.

    Overview

    This offering includes multiple adjoining residential land parcels sold together, creating a single purchase option for owning several lots in the Arrowhead community. The lots are wooded, with mature trees that provide a natural setting for designing a home or placing future structures at your own pace. With the parcels available as a package, buyers can consider building across lots, separating uses for added privacy, or holding the property for future development decisions.

    The property is located within city limits near Lake Tawakoni, providing convenient access to community outdoor features. The Arrowhead community includes amenities such as access to a private marina with optional membership, a swimming area, playground, pavilion, BBQ areas, and picnic spaces, supporting an outdoor lifestyle. Utilities include city-provided water and trash, with electricity through Farmers Electric Co-op, and several internet options available.

    This land package is well suited for owner-occupants seeking space and a wooded backdrop for a primary residence, as well as for buyers looking for a weekend retreat or a land investment positioned near the lake. The multi-lot configuration provides practical flexibility for site planning and long-term options while maintaining the character of a wooded, community-oriented setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Hotel & Motel HVAC Service Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    West Tawakoni
    County
    Hunt
    State
    Texas
    Longitude
    -96.034839
    Latitude
    32.882858

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    FAQs

    What type of property is this?
    Residential land & home lot - Adjoining wooded lots near Lake Tawakoni offer flexibility for building, privacy, or long-term land holdings in Arrowhead.
    Where is this residential land & home lot located?
    The property is located at 300 Lakeside Drive West Tawakoni, TX.
    What is the asking price?
    The asking price for this property is $109,900.
    What are key features of this property?
    This property features: Multiple adjoining lots in the Arrowhead community near Lake Tawakoni, offered together (300, 304, and 308 also included).; Wooded lots with mature trees, offering space to design your layout across multiple parcels.; Public water available and Public Sewer available.
    (972) 989-4888
    We can help!
    Listing Contact
    Robbie Reed
    Request Owner's contact information
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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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