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    Waterfront Lakefront Land Parcel Title is generated by Realmo AI

    3500 Hog Bend, Graford, TX 76449

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    Claim this Listing
    For Sale
    $125,000

    LAND - Graford, TX

    Lot size:
    1.05 Acres
    Added:
    Nov 4, 2025
    Days on Market:
    213
    Last Refresh:
    Jun 5 at 10:06 am

    Property Features for 3500 Hog Bend

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    22744
    Lot size
    1.05 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 1.050 PK LAKE 8-1-93 AREA 2-1 LOT 49 G
    Tax Annual Amount
    1198

    Utilities

    Water front features
    Lake Front, Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Matthew Renfro

    Listing agent Matthew Renfro License #0765699

    Listing office Century 21 Mike Bowman, Inc. Grapevine, TX

    Listing date Nov 4, 2025

    MLS# 21099912 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 waterfront features including “Lake Front” and “Waterfront”
    • Located in a protected cove on the lake
    • Shoreline includes both rocky and less rocky areas, offering erosion protection and potential for a boat landing
    • Surrounding oak trees create a canopy across the property

    Overview

    Rare lakefront land opportunity positioned in a protected cove, featuring an established oak canopy that creates an open, airy feel across the property. The shoreline includes both rocky and less-rocky areas, which can provide erosion protection while also offering the potential for a boat landing. Overall, the site is presented with a naturally manicured character suited to buyers looking for a quieter, nature-forward setting.

    Situated at 3500 Hog Bend in Graford, the property benefits from a unique location described as accessible only by boat, which contributes to a more private environment. Hog Bend is noted as an exclusive area for those seeking to get away from it all and enjoy the simpler pace that a secluded waterfront setting can provide.

    This parcel is well suited for buyers who want to build on a lakefront setting with mature trees and a shoreline profile that can accommodate water access. Its protected-cove positioning and privacy-focused access make it attractive for anyone looking to create a personal retreat or a low-crowd waterfront lifestyle. Buyers should consider planning around the shoreline mix of rocky and less-rocky areas when evaluating the most practical approach to watercraft access and improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Argo Barge Dock ... Construction Company Port a Viejo Bar & Pub

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Department Store HVAC Service Grocery & Convenience Store Wine and Liquor Store Car Rental Facility Restaurant Florist

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

    Location Insight

    • Map
    • Local Demand
    City
    Graford
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.2671
    Latitude
    32.9289

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    FAQs

    What type of property is this?
    Waterfront Land - Protected-cove lot with oak cover and varied shoreline, offering privacy and potential for a boat landing site.
    Where is this waterfront land located?
    The property is located at 3500 Hog Bend Graford, TX.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Lakefront property with waterfront features including “Lake Front” and “Waterfront”; Located in a protected cove on the lake; Shoreline includes both rocky and less rocky areas, offering erosion protection and potential for a boat landing
    (817) 354-7653
    We can help!
    Listing Contact
    Matthew Renfro
    Real Estate License ID: 0765699
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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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