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    Lakefront Residential Development Land Title is generated by Realmo AI

    301 Rs County Road 3345, Emory, TX 75440

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    For Sale
    $350,000

    LAND - Emory, TX

    Lot size:
    7.45 Acres
    Added:
    Dec 31, 2025
    Days on Market:
    155
    Last Refresh:
    Jun 4 at 6:06 pm

    Property Features for 301 Rs County Road 3345

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R5767
    Lot size
    7.45 Acres

    Taxes and HOA fees

    Tax Description
    BENT FORK ACRES (UNRECORDED), LOT 06, ACRES 7
    Tax Annual Amount
    3518

    Utilities

    Utilities
    Propane
    Sewer type
    Aerobic Septic
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    2005

    We can help!

    Listing Contact
    Patty Turner

    Listing agent Patty Turner License #0426347

    Listing office Keller Williams Rockwall Rockwall, TX

    Listing date Dec 31, 2025

    MLS# 20607378 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 property with access to a 12‑acre lake and a dock; backs up to the lake
    • 7.45‑acre parent tract with subdivision potential into two tracts (3‑acre minimum) for two home sites
    • 300 feet of road frontage with gated entry and recently added concrete driveway leading to a potential home site
    • Utilities include electricity to the site and Bright Star water; Propane available
    • Sewer is aerobic septic
    • If splitting, see MLS #20607931 (3‑acre tract) and MLS #20607935 (4.4‑acre tract)

    Overview

    Lakefront residential development land offering multiple building options, including room for a large custom home on the parent tract or subdivision into two tracts with 3-acre minimums. The property backs up to a 12-acre lake and includes a dock, making it well-suited for buyers who want water access as part of their homesite. Electricity is available to the site, and water service is provided by Bright Star water. The front portion includes 300 feet of road frontage, along with a pipe fence and gated entry. A recently added concrete driveway leads to a potential home site, helping establish a usable arrival point for planning and future construction.

    Located in the Emory, Texas area, the property is described as being within minutes of both Emory and Lake Fork. Access is provided via the road frontage and gated entry, with the driveway connecting into the property’s planned building area. The lake adjacency and dock provide a clear waterfront orientation for day-to-day living and weekend use.

    For buyers seeking a primary residence, the layout supports a straightforward build while still offering subdivision flexibility for long-term value or extended family needs. For developers or land investors, the ability to create two tracts with 3-acre minimums can support a phased approach, and sellers note smaller options are available via MLS references for a 3-acre tract and a 4.4-acre tract.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Law Firm Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Emory
    County
    Rains
    State
    Texas
    Longitude
    -95.686807
    Latitude
    32.8918711

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    FAQs

    What type of property is this?
    Waterfront Land - Build a custom home or split into multiple tracts, backed by a lake with dock access.
    Where is this waterfront land located?
    The property is located at 301 Rs County Road 3345 Emory, TX.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Lakefront property with access to a 12‑acre lake and a dock; backs up to the lake; 7.45‑acre parent tract with subdivision potential into two tracts (3‑acre minimum) for two home sites; 300 feet of road frontage with gated entry and recently added concrete driveway leading to a potential home site
    (972) 772-7000
    We can help!
    Listing Contact
    Patty Turner
    Real Estate License ID: 0426347
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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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