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    Residential Land Package with Two Lots Title is generated by Realmo AI

    Christi Dale Circle, Gun Barrel City, TX 75156

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    LAND - Gun Barrel City, TX

    Lot size:
    0.26 Acres
    Added:
    May 31, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 5 at 7:06 pm

    Property Features for Christi Dale Circle

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    42800000498053
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Description
    LT 498 AB 59 J P BROWN SUR, TAMARACK VENTURE
    Tax Annual Amount
    209

    We can help!

    Listing Contact
    Gina Black

    Listing agent Gina Black License #0671057

    Listing office Independent Realty Roanoke, TX

    Listing date May 31, 2026

    MLS# 21284637 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

    • Two adjoining lots (Lots 498 and 499) sold together as a package deal in Tamarack Venture, Gun Barrel City, TX
    • Price shown is for each lot; Selling MLS 21284646 and 21284637 together
    • Located minutes from Cedar Creek Lake, with about 1 hour driving time to Dallas
    • Tamarack POA amenities include community swimming pool, boat ramp with lake access, and fishing pier
    • Additional Tamarack POA amenities: parks, playgrounds, picnic areas, basketball and volleyball courts
    • Community facilities include clubhouse, community center, and green spaces for residents

    Overview

    This offering includes two side-by-side residential lots, identified as Lots 498 and 499, sold together as a package deal. The combined property provides extra space and greater flexibility for buyers looking to build a site-built home, place a manufactured home, or hold the land as an investment. A lakeside lifestyle is part of the draw, with the property located within the Tamarack Venture community.

    The lots are situated in Gun Barrel City, Texas, with convenient access to shopping, dining, and local recreation. Tamarack POA amenities include a community swimming pool, boat ramp with lake access, fishing pier, parks, playgrounds, picnic areas, basketball and volleyball courts, a clubhouse, community center, and green spaces. The community is just minutes from Cedar Creek Lake, and the drive to Dallas is about an hour.

    For buyers, this two-lot configuration can be attractive when you want more room to plan your build while staying within an established lake community. Owners who value community amenities and recurring access to Cedar Creek Lake may find the Tamarack Venture location particularly well suited for both primary residences and weekend getaways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Gun Barrel City
    County
    Henderson
    State
    Texas
    Longitude
    -96.106281
    Latitude
    32.329419

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    FAQs

    What type of property is this?
    Residential land & home lot - Adjoining lots in Tamarack Venture community with lake access amenities, ideal for a home or weekend retreat.
    Where is this residential land & home lot located?
    The property is located at Christi Dale Circle Gun Barrel City, 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: Two adjoining lots (Lots 498 and 499) sold together as a package deal in Tamarack Venture, Gun Barrel City, TX; Price shown is for each lot; Selling MLS 21284646 and 21284637 together; Located minutes from Cedar Creek Lake, with about 1 hour driving time to Dallas
    (817) 907-2506
    We can help!
    Listing Contact
    Gina Black
    Real Estate License ID: 0671057
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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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