Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Texas Land in 7R Ranch Title is generated by Realmo AI

    505 Canyon Lake Road, Gordon, TX 76453

    View on Map
    Claim this Listing
    For Sale
    $33,000

    Unimproved Land - Gordon, TX

    Type:Unimproved Land
    Lot size:
    3.74 Acres
    Added:
    May 12, 2026
    Days on Market:
    19
    Last Refresh:
    May 30 at 9:06 am

    Property Features for 505 Canyon Lake Road

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    31053
    Lot size
    3.74 Acres

    Taxes and HOA fees

    Expense value
    1800
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Yanira Posada

    Listing agent Yanira Posada License #0767247

    Listing office Rendon Realty, LLC 1024 E. Broad St, STE 101, Grand Prairie, TX

    Listing date May 12, 2026

    MLS# 21142360 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

    • 3.74 acre homesite in the prestigious 7R Ranch.
    • Breathtaking views of Palo Pinto County.
    • Access to community amenities: horse stables, riding trails, lakes/ponds (kayaking/fishing), clubhouse, pool, and gym.
    • Tranquil, gated community offering privacy and connection to nature.
    • Utilities available on the property.
    • Opportunity to purchase an adjacent lot (MLS 21142369) for almost 6 acres total.

    Overview

    This 3.74-acre homesite is located within the 7R Ranch community. The property offers a blend of privacy and access to community amenities. It provides space for building a home and enjoying the natural beauty of Palo Pinto County. Community features include horse stables, scenic riding trails, lakes and ponds suitable for kayaking and fishing, a clubhouse, a pool, and a gym. The gated community offers a sense of privacy and connection to nature. Utilities are available. There are two lots available; the other is listed under MLS 21142369. Purchasing both would give you almost 6 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Gordon
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.303477
    Latitude
    32.58194

    Nearby Similar for Sale

    • $1,800,000
      5,000 SF

      Freestanding Building on Interstate 20

      5000 sqft building on 3 acres, directly on I-20.
      76500 E I-20 Highway, Gordon, TX 76453
      View Details
    • $850,000
      2,888 SF

      Ranch Property with Two Homes

      63-acre ranch featuring two homes, pond, creek, and outbuildings.
      376 Dickson Lane, Gordon, TX 76453
      View Details
    • $1,342,239
      500 SF

      Scenic Ranch Near Interstate 20

      145-acre ranch with cabin, tanks, and recreational opportunities.
      3201 County Road 120, Gordon, TX 76453
      View Details
    • $530,000

      Gordon, TX Acreage For Sale

      34+ acres in Gordon, TX: recreational, investment, homesite potential.
      0006/0007 Clayton Mountain Road, Gordon, TX 76453
      View Details
    • $550,000

      25 Acre Texas Ranch Ranchette

      25 acres perfect for a weekend getaway or full-time hacienda.
      2112-c County Road 126, Gordon, TX 76453
      View Details
    • $660,000

      30 Acres of Texas Land

      30 acres of land with sandy soil and oak trees.
      2112-b County Road 126, Gordon, TX 76453
      View Details
    • $109,500

      Lake View Acreage in Gordon

      1.4 acres with elevated lake views and utilities available.
      4915 S Lakeview Drive, Gordon, TX 76453
      View Details
    • $240,000

      Gordon, TX - Improved Land

      12.052 acres with creek, cleared spots, and barn.
      2263 S Main Street, Gordon, TX 76453
      View Details
    • $665,000

      78 Acres Hunter's Paradise Ranch

      78-acre ranch with creek, pond, and abundant wildlife.
      Tbd Coalville Road, Gordon, TX 76453
      View Details
    • $500,000

      Gordon, TX Ranch Retreat Land

      46.921 acres of native pasture with live creek.
      Tbd Henley, Gordon, TX 76453
      View Details
    • $375,000

      15 Acres of Serene Land

      15 acres of land with mature trees and outstanding views.
      2112-a County Road 126, Gordon, TX 76453
      View Details
    • $4,995,000
      1,960 SF

      Texas Ranch with Equine Facilities

      397-acre ranch featuring equine facilities, cattle operation, and hunting opportunities.
      2525 Dodson Prairie Road, Gordon, TX 76453
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3.74 acre homesite in 7R Ranch with community amenities.
    Where is this residential land & home lot located?
    The property is located at 505 Canyon Lake Road Gordon, TX.
    What is the asking price?
    The asking price for this property is $33,000.
    What are key features of this property?
    This property features: 3.74 acre homesite in the prestigious 7R Ranch.; Breathtaking views of Palo Pinto County.; Access to community amenities: horse stables, riding trails, lakes/ponds (kayaking/fishing), clubhouse, pool, and gym.
    (817) 592-3008
    We can help!
    Listing Contact
    Yanira Posada
    Real Estate License ID: 0767247
    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
    505 Canyon Lake Road, Gordon, TX 76453
    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!