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    Lakefront Residential Land Opportunity Title is generated by Realmo AI

    934 Frog Branch, Graford, TX 76449

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    Claim this Listing
    For Sale
    $135,000

    LAND - Graford, TX

    Lot size:
    1.01 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    58
    Last Refresh:
    Jun 5 at 7:06 am

    Property Features for 934 Frog Branch

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Brush
    Standard status
    Active
    APN
    563155
    Lot size
    1.01 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 1.011 LOT: 00934 HILLS ABOVE POSSUM KI
    Tax Annual Amount
    1598

    Utilities

    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Meg Moore

    Listing agent Meg Moore License #0676743

    Listing office Moore Texas Properties Granbury, TX

    Listing date Apr 9, 2026

    MLS# 20981393 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

    • Over 1 acre of lakefront property with waterfront features and panoramic views at The Hills Above Lake Possum Kingdom.
    • Community amenities include a clubhouse with fitness center, swimming pool, meeting area, and a fully equipped kitchen.
    • Game room and year‑round community atmosphere, plus access to Ritchie Cabin (lodge‑style retreat) for reserved use.
    • Newly renovated boat launch and docks provide access for fishing, tubing, boating, and sunset cruises.
    • Ritchie Cabin offers a fireplace lounge, full kitchen, and private meeting area.

    Overview

    This waterfront land opportunity offers a buildable setting with space described as over one acre at The Hills Above Lake Possum Kingdom. The property is positioned for panoramic views and sunset scenery, with no time limits to build, allowing you to plan and construct on your schedule. For water access, the community includes a newly renovated boat launch and docks, supporting activities like fishing, tubing, and boating.

    The Hills Above Lake Possum Kingdom is centered on a clubhouse with a fitness center, swimming pool, and spacious meeting area, along with a fully equipped kitchen for gatherings. The community also features a game room and access to Ritchie Cabin, a lodge-style retreat among the trees with sweeping views and a fireplace lounge, full kitchen, and private meeting area. The cabin is available by reservation for both community events and private gatherings.

    For buyers looking for a lakeside homesite, this parcel offers a straightforward option to hold or develop when timing works. The combination of lake access, on-site recreational amenities, and shared gathering spaces can appeal to homeowners who want the flexibility to build their own residence while enjoying an active community setting year-round.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Department Store HVAC Service Grocery & Convenience Store Wine and Liquor Store Car Rental Facility Restaurant Florist

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

    Location Insight

    • Map
    • Local Demand
    City
    Graford
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.2671
    Latitude
    32.9289

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    FAQs

    What type of property is this?
    Waterfront Land - Build at your pace on lakefront property with community amenities and direct access to the water for boating and fishing.
    Where is this waterfront land located?
    The property is located at 934 Frog Branch Graford, TX.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: Over 1 acre of lakefront property with waterfront features and panoramic views at The Hills Above Lake Possum Kingdom.; Community amenities include a clubhouse with fitness center, swimming pool, meeting area, and a fully equipped kitchen.; Game room and year‑round community atmosphere, plus access to Ritchie Cabin (lodge‑style retreat) for reserved use.
    (214) 500-6702
    We can help!
    Listing Contact
    Meg Moore
    Real Estate License ID: 0676743
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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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