Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Cresson, TX Land Opportunity Title is generated by Realmo AI

    3609 Lucky Pepper Drive, Cresson, TX 76035

    View on Map
    Claim this Listing
    New
    For Sale
    $200,000

    Unimproved Land - Cresson, TX

    Type:Unimproved Land
    Lot size:
    2.57 Acres
    Added:
    May 8, 2026
    Days on Market:
    4
    Last Refresh:
    May 10 at 11:06 pm

    Property Features for 3609 Lucky Pepper Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R000108810
    Lot size
    2.57 Acres

    Taxes and HOA fees

    Expense value
    1200
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Gabriel Leal

    Listing agent Gabriel Leal License #0757375

    Listing office TK Realty 311 S Oak St, Roanoke, TX

    Listing date May 8, 2026

    MLS# 21134701 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

    • 2. 57 acre lot in gated Cougar Mountain Estates
    • Exclusive access to 6‑acre private lake club on Lake Granbury with marina and sports courts
    • Located at the end of a quiet cul‑de‑sac, offering privacy
    • Plenty of space to design a custom home
    • Short drive from Granbury’s historic square with shops, restaurants, and entertainment
    • Peaceful, gated retreat with great amenities

    Overview

    Located in the gated community of Cougar Mountain Estates, this 2.57-acre lot on Lucky Pepper Drive in Cresson, TX, presents an opportunity to build a custom home. Situated at the end of a quiet cul-de-sac, the property offers privacy and space for design. The location is a short drive from Granbury’s historic square, which features shops, restaurants, and entertainment. Residents have access to a 6-acre private lake club on Lake Granbury, including a marina and sports courts.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Cresson
    County
    Hood
    State
    Texas
    Longitude
    -97.6792
    Latitude
    32.5325

    Nearby Similar for Sale

    • $1,595,000
      10,000 SF

      Airplane Hangar at Bourland Field

      10,000 sq ft hangar with apartment and workshop.
      17829 HWY 377, Cresson, TX 76035
      View Details
    • $424,900

      Cresson Homesite in Gated Community

      5.577-acre homesite in gated community near Fort Worth and Granbury.
      Lot 16 W Hidden Meadow Court, Cresson, TX 76035
      View Details
    • $1,000,000

      Highway 171 Commercial Opportunity

      9.9 acres with a 2,400 SF building along Highway 171.
      13300 Cleburne Highway, Cresson, TX 76035
      View Details
    • $550,000

      Commercial Land in Downtown Cresson

      Almost 2 acres with highway frontage in downtown Cresson, TX.
      9508 Miflin Street, Cresson, TX 76035
      View Details
    • $375,000

      Cresson Crossroads Unimproved Commercial Land

      5.02 acres of unimproved commercial land in Cresson, Texas.
      1300a Hughie Long Road, Cresson, TX 76035
      View Details
    • $179,000

      Hilltop Lot with Panoramic Views

      2+ acre lot in gated community with low property taxes.
      3001 Rio Grande Circle, Cresson, TX 76035
      View Details
    • $205,000

      Residential Land in Gated Community

      2+ acre lot in gated community near Granbury and Fort Worth.
      207 Morning Dove Court, Cresson, TX 76035
      View Details
    • $232,000

      Cresson Land in Gated Community

      2+ acre homesite in exclusive gated community near Granbury.
      301 Elliott Court, Cresson, TX 76035
      View Details
    • $232,000

      Land in Gated Community

      2+ acre homesite with lake access near Granbury Square.
      400 Conway Cove, Cresson, TX 76035
      View Details
    • $163,380

      Land in Cresson Crossroads

      Commercial and Industrial lots suitable for various business applications.
      9406 Cantrell Court, Cresson, TX 76035
      View Details
    • $852,317

      Cresson Crossroads Land Opportunity

      15.06 acres of commercial and industrial land for sale.
      1210 Hughie Long, Cresson, TX 76035
      View Details
    • $725,000

      Cresson Land Ready For Development

      10 acre land parcel suitable for office, warehouse, or residential.
      700 N Cresson Highway, Cresson, TX 76035
      View Details

    FAQs

    What type of property is this?
    Land - 2.57-acre lot in gated community near Granbury.
    Where is this land located?
    The property is located at 3609 Lucky Pepper Drive Cresson, TX.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: 2. 57 acre lot in gated Cougar Mountain Estates; Exclusive access to 6‑acre private lake club on Lake Granbury with marina and sports courts; Located at the end of a quiet cul‑de‑sac, offering privacy
    (817) 697-0226
    We can help!
    Listing Contact
    Gabriel Leal
    Real Estate License ID: 0757375
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3609 Lucky Pepper Drive, Cresson, TX 76035
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!