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    Mesa Top Lot at 7R Title is generated by Realmo AI

    C14 Mallard Circle, Gordon, TX 76453

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    Large lot with access to extensive recreational facilities.

    Type:Lots & Acreage / Unimproved Land
    Property size:
    111,382 SF
    Lot size:
    2.56 Acres
    Price / SF:
    $0.27/SF
    Added:
    Oct 22, 2024
    Days on Market:
    589
    Last Refresh:
    May 13 at 9:29 pm

    Property Features for C14 Mallard Circle

    General Information

    Standard status
    Active
    Size
    111,382 SF
    Lot size
    2.56 Acres
    Property subtype
    Lots & Acreage / Unimproved Land

    We can help!

    Listing Contact
    Joel Taylor

    Listing agent Joel Taylor License #0681559

    Listing office CLARK REAL ESTATE GROUP

    Listing date Oct 22, 2024

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CLARK REAL ESTATE GROUP

    HighLights

    • Gated 7R Ranch community offering security and exclusivity.
    • Enjoy extensive amenities at the Arthur L Ruff Center with pools and fitness facilities.
    • Access Lake McIntire's 'The Cove' with a clubhouse, pool, fishing pier and boats.
    • Direct access to Canyon Lake Nature Park via the 'Eagles Nest' trailhead.
    • Large mesa top lot providing ample space.
    • Benefit from second‑story views.

    Overview

    This large lot is located on a mesa top within the gated 7R Ranch. The property offers wide-open spaces and potential for second-story views. Owners have access to various facilities, including the 12,000 square foot Arthur L Ruff Center, which features workout equipment, an aerobics loft, an indoor lap pool, a steam room, a hot tub, game tables, and a movie theater, as well as a large pool, sand volleyball, and horseshoes. Access is also granted to The Cove on Lake McIntire, which includes a clubhouse, a pool, a fishing pier, boats, and a kitchen. Additionally, residents can utilize The Eagles Nest, a trailhead connecting to the 260-acre Canyon Lake Nature Park with trails and fishing lakes. The property size is 111382 square feet.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Auto Parts Store Gym & Fitness Center Kitchen & Bath Showroom Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Gordon
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.3546
    Latitude
    32.5765

    Nearby Similar for Sale

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    • $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
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    • $1,800,000
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      Freestanding Building on Interstate 20

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    FAQs

    What type of property is this?
    Recreation land - Large lot with access to extensive recreational facilities.
    Where is this recreation land located?
    The property is located at C14 Mallard Circle Gordon, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Gated 7R Ranch community offering security and exclusivity.; Enjoy extensive amenities at the Arthur L Ruff Center with pools and fitness facilities.; Access Lake McIntire's 'The Cove' with a clubhouse, pool, fishing pier and boats.
    (817) 597-0328
    We can help!
    Listing Contact
    Joel Taylor
    Real Estate License ID: 0681559
    Learn More
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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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