Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Land Ready for Building Title is generated by Realmo AI

    501 Shore Line Dr, Kemp, TX 75143

    View on Map
    Claim this Listing
    For Sale
    $269,000

    LAND - Kemp, TX

    Lot size:
    0.34 Acres
    Added:
    Sep 1, 2025
    Days on Market:
    278
    Last Refresh:
    Jun 5 at 6:06 am

    Property Features for 501 Shore Line Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    23550000467063
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Description
    LT N AB 360 G HANCOCK SUR, CEDARCREST SHORES ESTS,

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Lisa Rhodes

    Listing agent Lisa Rhodes License #0646049

    Listing office Keller Williams Realty - Cedar Creek Lake Properties 1907 W. Main St., Heath, TX

    Listing date Sep 1, 2025

    MLS# 109593 Listing URL

    Copyright © 2026 Henderson County Board of REALTORS®. 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 on 1.5 lots offering beautiful lake views
    • Sewer, water, and electric already on‑site
    • Clean slate to design a custom lake home
    • Soil engineer's report available
    • Plenty of space for parking

    Overview

    This waterfront property, situated on 0.34 acres, is ready for the construction of a new lake home. The site benefits from existing sewer, water, and electric connections. The prior structures have been removed, providing a clean slate for design and construction. A soil engineer's report is available. The property offers lake views and space for parking. It is located in Kemp, Henderson County, Texas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Daycare Center Grocery & Convenience Store Food Market Discount Store Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kemp
    County
    Kaufman
    State
    Texas
    Longitude
    -96.1699847
    Latitude
    32.3893607

    Nearby Similar for Sale

    • $200,000
      2,500 SF

      Retail and Office Building

      Renovated historic building with an industrial kitchen, front lobby, and two bathrooms—suited for retail, office, or medical use.
      218 S Main Street, Kemp, TX 75143
      View Details
    • $1,350,000
      11,826 SF

      12-Unit Apartment Complex

      Twelve rental units across multiple buildings on a 5-acre tract, offering room for expansion and investment upside.
      1010 Ranch Country Drive, Kemp, TX 75143
      View Details
    • $299,000
      4,125 SF

      Kemp, TX Adaptive Reuse Opportunity

      4,125 SF building on 1 acre near Seven Points.
      1215 W Cedar Creek Pkwy, Kemp, TX 75075
      View Details
    • $300,000

      Renovated Restaurant Building with Kitchen

      Renovated, downtown restaurant building with a full industrial kitchen, basement delivery/storage, and flexible upstairs space.
      216 S Main Street, Kemp, TX 75143
      View Details
    • $2,599,000

      Lighted Covered Sand Arena Ranch Property

      210+ acre ranch offers open pasture, hay production, and equestrian facilities including a lighted covered sand arena.
      11016 County Road 2138, Kemp, TX 75143
      View Details
    • $299,000

      Adaptive Reuse Church Building

      Flexible former church with open sanctuary, auxiliary rooms, fellowship space, and on-site parking on one acre.
      1215 W Cedar Creek Parkway, Kemp, TX 75143
      View Details
    • $1,999,999

      Office and Warehouse with Highway Visibility

      High-visibility office and warehouse with extensive concrete parking and yard for storage, staging, and efficient daily operations.
      9474 Us-175, Kemp, TX 75143
      View Details
    • $279,000

      Waterfront Lot in Gated Community

      A premier waterfront acre to build your dream lakefront retreat.
      9433 W Shoreline Drive, Kemp, TX 75143
      View Details
    • $1,799,999

      Flex Office & Warehouse Facility

      High-visibility office and warehouse setup with ample concrete parking and a rear bay system for flexible operations.
      9474 Us-175, Kemp, TX 75143
      View Details
    • $638,500

      Ranch Property with Shop

      Pastoral ranch with road frontage, non–flood-plain acres, a powered 30-by-40 shop, and a 2-bedroom home.
      18025 County Road 4052, Kemp, TX 75143
      View Details
    • $795,000

      Waterfront Lot in Gated Community

      Almost 2 acre waterfront lot in luxury gated community.
      1801 Fox Hollow Ln, Kemp, TX 75143
      View Details
    • $957,600

      Ranch Acreage with Three Ponds

      Secluded East Texas ranch land with substantial county road frontage, cross-fencing, and FEMA-mapped floodplain considerations.
      County Road 2404, Kemp, TX 75143
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront property with utilities, ready for a new lake home.
    Where is this waterfront land located?
    The property is located at 501 Shore Line Dr Kemp, TX.
    What is the asking price?
    The asking price for this property is $269,000.
    What are key features of this property?
    This property features: Waterfront property on 1.5 lots offering beautiful lake views; Sewer, water, and electric already on‑site; Clean slate to design a custom lake home
    (903) 292-8515
    We can help!
    Listing Contact
    Lisa Rhodes
    Real Estate License ID: 0646049
    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
    501 Shore Line Dr, Kemp, TX 75143
    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!