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    Waterfront Resort Community Lot Title is generated by Realmo AI

    32 Shoreline Drive, Mabank, TX 75143

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    Claim this Listing
    For Sale
    $299,999

    LAND - Mabank, TX

    Lot size:
    0.54 Acres
    Added:
    Mar 30, 2026
    Days on Market:
    70
    Last Refresh:
    Jun 7 at 4:06 am

    Property Features for 32 Shoreline Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Cleared
    Standard status
    Active
    APN
    212440
    Lot size
    0.54 Acres

    Taxes and HOA fees

    Tax Description
    CEDAR CREEK LANDING, LOT 31
    Tax Annual Amount
    3849

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Lake Front, Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Andrew Levin

    Listing agent Andrew Levin License #0656785

    Listing office Keller Williams Fort Worth Fort Worth, TX

    Listing date Mar 30, 2026

    MLS# 21222685 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

    • Waterfront property with Lake Front and Waterfront features
    • Located in Cedar Creek Landing gated resort community
    • Community amenities include clubhouse access, community pool, boat ramp, docks, pond, and lake access
    • Water service: public
    • Sewer service: public sewer
    • Feeds into Kemp ISD school district

    Overview

    This waterfront land parcel offers a desirable setting for anyone looking to build near Cedar Creek’s water-related recreation. The property is part of the Cedar Creek Landing gated resort community, where you can enjoy a lifestyle built around outdoor access and shared amenities. Community features include a clubhouse, community pool, boat ramp, docks, pond, and lake access, giving residents multiple ways to spend time on and near the water.

    Located in Mabank, Texas at 32 Shoreline Drive, the lot is positioned for convenience to everyday needs, including employment and shopping centers approximately one mile to the northeast. Cedar Creek Landing also feeds into the Kemp ISD school district. Just outside the community, the Cedar Creek Country Club adds another social and leisure option for members and guests.

    For buyers, this parcel is well-suited to residential development within an established, amenity-driven environment. The gated resort setting, combined with lake and dock access, supports a range of plans—whether you’re seeking a primary residence with strong recreational access or a second-home site designed for frequent weekends and gatherings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Building Supply Storage Facility Electronics & Wireless Store Pet Store Arcade & Gaming Center Carpet & Flooring Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mabank
    County
    Henderson
    State
    Texas
    Longitude
    -96.056495
    Latitude
    32.197407

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    FAQs

    What type of property is this?
    Waterfront Land - Build-ready waterfront land in a gated resort community with lake amenities and planned access to recreation.
    Where is this waterfront land located?
    The property is located at 32 Shoreline Drive Mabank, TX.
    What is the asking price?
    The asking price for this property is $299,999.
    What are key features of this property?
    This property features: Waterfront property with Lake Front and Waterfront features; Located in Cedar Creek Landing gated resort community; Community amenities include clubhouse access, community pool, boat ramp, docks, pond, and lake access
    (817) 920-7700
    We can help!
    Listing Contact
    Andrew Levin
    Real Estate License ID: 0656785
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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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    32 Shoreline Drive, Mabank, TX 75143
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