Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8731 Lakeshores Drive Kemp, TX 75143

    View on Map
    Claim this Listing
    New
    For Sale
    $729,000

    Improved Land - Kemp, TX

    Lot size:
    1.32 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 26 at 5:06 pm

    Property Features for 8731 Lakeshores Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Dock, Fire Pit, Gas Grill, Rain Gutters, Outdoor Grill, Fence
    Dock
    1
    Fencing
    Fenced
    Standard status
    Active
    APN
    42557
    Lot size
    1.32 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air
    Water front features
    Lake Front, Lake Front – Main Body, Waterfront
    Water front
    1

    Building Details

    Year built
    1980
    Architectural style
    Other

    We can help!

    Listing Contact
    Ines de Urtubey

    Listing agent Ines de Urtubey License #0625607

    Listing office Corner House Company 3633 Asbury St, Dallas, TX

    Listing date Apr 24, 2026

    MLS# 21250413 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.

    Overview

    Lakefront Land with Development Potential

    This property consists of five lots with approximately 550 feet of lake frontage. A two-story deck is present, featuring boat and jet ski slips. While there is a house currently on the property, the lots offer development potential for building a total of five homes, with the possibility of three or four being lakefront residences. Short-term rentals are permitted. The property's potential uses include development into five homes, a wedding venue, or a pickleball retreat. The property is located in Kemp, Texas, in Kaufman County.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Kemp
    County
    Kaufman
    State
    Texas
    Longitude
    -96.203339
    Latitude
    32.36179

    Nearby Similar for Sale

    • $799,000
      3,476 SF

      Equestrian Estate on 4 Acres

      Custom-built home designed for equestrian enthusiasts and animal lovers.
      17909 Terrace Dr, Kemp, TX 75143
      View Details
    • $500,000

      Kemp, TX Retail Opportunity

      Commercial property in the heart of Kemp, Texas.
      218 S Main Street, Kemp, TX 75143
      View Details
    • $299,000
      4,125 SF

      Kemp, TX Adaptive Reuse Opportunity

      4,125 SF building on 1 acre, formerly a church.
      1215 W Cedar Creek Pkwy, Kemp, TX 75075
      View Details
    • $989,000
      3,786 SF

      Texas Ranch with Modern Farmhouse

      Updated farmhouse on 25 acres near Dallas and Canton.
      6880 County Road 4042, Kemp, TX 75143
      View Details
    • $978,000
      2,580 SF

      Spacious Acreage with Home and Workshops

      38.83-acre property with home, workshops, ponds, and scenic views.
      21855 S FM 148, Kemp, TX 75143
      View Details
    • $978,000
      2,580 SF

      Kemp, TX Farm/Ranch Property

      38.83-acre farm/ranch with home, workshops, ponds, and pool.
      21855 S Fm 148, Kemp, TX 75143
      View Details
    • $522,000

      Waterfront Land in Gated Community

      Open-water views on Cedar Creek Lake, near Downtown Dallas.
      1183 Beacon Shore, Kemp, TX 75143
      View Details
    • $599,000
      3,740 SF

      Spacious Retreat with Pond and Shop

      Private country home with shop, pond, and convenient location.
      5304 Cedar Creek Dr, Kemp, TX 75143
      View Details
    • $999,000
      7,200 SF

      Versatile Commercial Building Near Cedar Creek

      Highway 175 commercial building with office and warehouse space.
      15821 E US HWY 175, Kemp, TX 75143
      View Details
    • $299,000

      Kemp, TX Adaptive Reuse Opportunity

      4,125 SF building on 1 acre near Seven Points.
      1215 W Cedar Creek Parkway, Kemp, TX 75143
      View Details
    • $850,000

      23 Acres Near Cedar Creek

      23 acres of land near Cedar Creek Lake in Kemp.
      0 CO Rd 4042, Kemp, TX 75143
      View Details
    • $3,500,000
      2,743 SF

      Expansive Ranch Property in Kemp, TX

      201-acre ranch featuring a well-maintained home and ample amenities.
      9390 County Road 4028, Kemp, TX 75143
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Five lots with lake frontage, development potential, and rental options.
    Where is this waterfront land located?
    The property is located at 8731 Lakeshores Drive Kemp, TX.
    What is the asking price?
    The asking price for this property is $729,000.
    What are key features of this property?
    This property features: 550ft of lake frontage; Development potential for 5 homes, including 3‑4 lakefront; Enjoy the two‑story deck with boat and jet ski slips
    (469) 223-5330
    We can help!
    Listing Contact
    Ines de Urtubey
    Real Estate License ID: 0625607
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!