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    Waterfront Residential Land Lot Title is generated by Realmo AI

    TBD Lot 37 Emerald Lane, Corsicana, TX 75109

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    Claim this Listing
    For Sale
    $475,000

    LAND - Corsicana, TX

    Lot size:
    1.01 Acres
    Added:
    Nov 5, 2025
    Days on Market:
    213
    Last Refresh:
    Jun 6 at 9:06 am

    Property Features for TBD Lot 37 Emerald Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    115411
    Lot size
    1.01 Acres

    Taxes and HOA fees

    Tax Description
    D0300 DIAMOND POINT LOT 37 1.01 ACRES
    Tax Annual Amount
    6370

    Utilities

    Sewer type
    Aerobic Septic
    Water front features
    Lake Front, Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Nancy Pieper

    Listing agent Nancy Pieper License #0616754

    Listing office Coldwell Banker Apex, REALTORS Flower Mound, TX

    Listing date Nov 5, 2025

    MLS# 21101600 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

    • 1‑acre East‑facing lakefront lot in the gated Diamond Point community on Richland Chambers Lake
    • Lakefront setting with Waterfront and Lake Front designations
    • Richland Chambers Lake is a 45,000‑acre reservoir
    • Just 70 miles south of Dallas and about 15 minutes from Corsicana
    • Septic service listed as aerobic septic
    • Back of the lot would face west (per remarks)

    Overview

    This East-facing residential building lot is offered at just over one acre in the gated Diamond Point community, with shoreline access along Richland Chambers Lake. The property’s orientation offers a practical setup for custom home planning, with the back of the home positioned for west-facing views. Owners can build a private lakeside residence designed around water views and sunset scenery, supported by the area’s established appeal for recreation and long-term value.

    Richland Chambers Lake is a 45,000-acre reservoir known for wide-open water and year-round outdoor use. Diamond Point provides a more secluded setting while still keeping everyday convenience within reach, with the property located roughly 70 miles south of Dallas and about 15 minutes from Corsicana. Corsicana offers a mix of local shopping and dining, including major retailers such as H-E-B, Academy Sports, and Ulta, along with national brands.

    For buyers looking to construct a lakefront custom home, this parcel offers the rare combination of privacy from the gated community and direct views of a large Texas lake. It can also appeal to investors seeking land with recreation-driven demand tied to a well-known regional reservoir.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Corsicana
    County
    Navarro
    State
    Texas
    Longitude
    -96.3417
    Latitude
    32.0533

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    FAQs

    What type of property is this?
    Waterfront Land - East-facing, gated-community lakefront lot with expansive views on Richland Chambers Lake, ideal for a custom home build.
    Where is this waterfront land located?
    The property is located at TBD Lot 37 Emerald Lane Corsicana, TX.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: 1‑acre East‑facing lakefront lot in the gated Diamond Point community on Richland Chambers Lake; Lakefront setting with Waterfront and Lake Front designations; Richland Chambers Lake is a 45,000‑acre reservoir
    (972) 829-4450
    We can help!
    Listing Contact
    Nancy Pieper
    Real Estate License ID: 0616754
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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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