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    Waterfront Recreational Land with Boat Slip Title is generated by Realmo AI

    Boat Slip B11 The Shores lot 60-R, Corsicana, TX 75109

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    Claim this Listing
    For Sale
    $95,000

    LAND - Corsicana, TX

    Lot size:
    2.03 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    83
    Last Refresh:
    Jun 6 at 12:06 pm

    Property Features for Boat Slip B11 The Shores lot 60-R

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    63442
    Lot size
    2.03 Acres

    Taxes and HOA fees

    Tax Description
    T0077 THE SHORES ON RICHLAND CHAMBERS LAKE PH
    Tax Annual Amount
    1168

    We can help!

    Listing Contact
    Celestina Hillock
    Celestina Hillock

    Listing agent Celestina Hillock License #0627624

    Listing office Ebby Halliday Realtors Forney, TX

    Listing date Mar 16, 2026

    MLS# 21119443 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

    • 2.03‑acre off‑water lot in The Shores subdivision on Richland Chambers Lake in Corsicana, TX
    • Private boat slip included in the marina (valued at about $25k, per remarks)
    • Access to The Shores amenities including clubhouse, resort‑style pool, fitness center, and private boat ramp
    • RV allowed on the lot for up to 7 consecutive days within any 30‑day period
    • Cleared lot with just a few trees, ready for your plans
    • Mildred ISD

    Overview

    This listing offers a 2.03-acre off-water land parcel in The Shores subdivision on Richland Chambers Lake, enhanced by an included private boat slip in the marina (listed as valued around $25,000). The property is cleared with only a few trees, providing an open setting for future plans. In addition to lake access for boating and fishing, the lot includes the opportunity for RV use on-site for up to 7 consecutive days within any 30-day period, supporting flexible personal use.

    The Shores is positioned for lifestyle-oriented recreation, with access to community amenities that include a clubhouse, resort-style pool, fitness center, private boat ramp, and a schedule of community activities. Those features are designed to support both everyday downtime and planned events for residents. The property is located in Corsicana, Texas, within Navarro County, and is described as being part of the Mildred ISD.

    For buyers looking for a low-pressure way to enjoy lake life now and build later, this land option pairs practical use with marina access. The combination of cleared land, a private boat slip, and RV allowances may appeal to weekend buyers, recreation-focused owners, and investors seeking a lake-area asset in an amenity-rich subdivision.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Hotel & Motel Storage Facility Travel Agency Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Corsicana
    County
    Navarro
    State
    Texas
    Longitude
    -96.23128
    Latitude
    31.985738

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    FAQs

    What type of property is this?
    Waterfront Land - Cleared off-water lot with a private marina boat slip and access to community amenities for lake-focused recreation.
    Where is this waterfront land located?
    The property is located at Boat Slip B11 The Shores lot 60-R Corsicana, TX.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: 2.03‑acre off‑water lot in The Shores subdivision on Richland Chambers Lake in Corsicana, TX; Private boat slip included in the marina (valued at about $25k, per remarks); Access to The Shores amenities including clubhouse, resort‑style pool, fitness center, and private boat ramp
    (972) 772-1369
    We can help!
    Listing Contact
    Celestina Hillock
    Celestina Hillock
    Real Estate License ID: 0627624
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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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