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    Gated Waterfront Building Lot Title is generated by Realmo AI

    9349 Safari Shores Drive, Larue, TX 75770

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    Claim this Listing
    For Sale
    $150,000

    LAND - Larue, TX

    Lot size:
    1.01 Acres
    Added:
    Apr 5, 2026
    Days on Market:
    63
    Last Refresh:
    Jun 6 at 8:06 am

    Property Features for 9349 Safari Shores Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    40090000231000
    Lot size
    1.01 Acres

    Taxes and HOA fees

    Tax Description
    AB 392 P JACKSON SUR, SAFARI WATERS RANCH PH
    Tax Annual Amount
    1

    Utilities

    Water front features
    Waterfront, Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Jeri Canatella
    Jeri Canatella

    Listing agent Jeri Canatella License #0208090

    Listing office Realty Crew, LLC Athens, TX

    Listing date Apr 5, 2026

    MLS# 21229428 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

    • Waterfront, lake‑front lot in a gated community
    • 1+ acre homesite that slopes gently to the water’s edge
    • Access to 3 private lakes
    • RV parking available within the community
    • Concrete trails for jogging and riding with a golf cart/ATV

    Overview

    Build your waterfront home on this exceptional sloping lot that runs gently down to the water’s edge. The property offers a private, one-of-a-kind setting suited for buyers looking to design a custom residence with a natural, treed backdrop. As part of a gated community, the parcel also provides access to community features built for everyday enjoyment and weekend recreation.

    The community environment is centered on three private lakes known for lunker bass fishing, with space designed for RV parking. Residents also have use of concrete trails for jogging or cruising on a golf cart or ATV, adding to the “stay outside” lifestyle that waterfront buyers often seek. The setting is described as lush and wildlife-rich, with deer and elk noted, along with zebra roaming within the community.

    For prospective owners, this land is a strong fit for someone who wants a custom build in a controlled-access, amenity-focused waterfront community. The gently sloped topography toward the water can support a range of home planning approaches, while the gated setting and established recreational features provide a clear, practical reason to choose this parcel over a typical open waterfront listing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Grocery & Convenience Store Food Market Pet Store & Service Farmer's Market Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Larue
    County
    Henderson
    State
    Texas
    Longitude
    -95.74102
    Latitude
    32.124074

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    FAQs

    What type of property is this?
    Waterfront Land - Gentle-slope waterfront parcel in a gated lakeside community, offering resort-style amenities for outdoor and RV-friendly living.
    Where is this waterfront land located?
    The property is located at 9349 Safari Shores Drive Larue, TX.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Waterfront, lake‑front lot in a gated community; 1+ acre homesite that slopes gently to the water’s edge; Access to 3 private lakes
    (903) 675-0044
    We can help!
    Listing Contact
    Jeri Canatella
    Jeri Canatella
    Real Estate License ID: 0208090
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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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