Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lakefront Land Parcel Title is generated by Realmo AI

    Edgewater Way lot 22, Corsicana, TX 76233

    View on Map
    Claim this Listing
    For Sale
    $299,000

    LAND - Corsicana, TX

    Lot size:
    1.67 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    39
    Last Refresh:
    Jun 6 at 9:06 am

    Property Features for Edgewater Way lot 22

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    115513
    Lot size
    1.67 Acres

    Taxes and HOA fees

    Tax Description
    R1050 RICHLAND PARK LOT 22 1.67 ACRES
    Tax Annual Amount
    6356

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Waterfront, Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Assal Aldrei
    Assal Aldrei

    Listing agent Assal Aldrei License #0612132

    Listing office United Real Estate Dallas, TX

    Listing date Apr 29, 2026

    MLS# 21068948 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

    • 1.68‑acre lakefront lot with over 251 ft of shoreline on Richland Chambers Reservoir
    • Gated community: Richland Park, with lakefront‑focused shared amenities
    • Private pavilion available for gatherings and special events
    • Community boat ramp and slips for launching and docking
    • Fishing ponds with pier, plus a fire pit & BBQ area and a playground
    • Public water and public sewer available; site‑built homes only with a minimum 1,600 sq. ft.

    Overview

    This lakefront land parcel offers an opportunity to own over 250 feet of pristine shoreline on the Richland Chambers Reservoir. The property spans 1.67 acres and is improved and ready for a custom build in a setting designed around waterfront living.

    Set within the gated community of Richland Park, residents have access to a private pavilion, a boat ramp and slips, and a dedicated fire pit and BBQ area. The community also features a playground and fishing ponds with a pier, with paved roads and security intended to support convenient day-to-day access.

    For buyers seeking a personal retreat, the site’s waterfront positioning supports a home designed around panoramic lake views. For investors, the community is described as short-term rental friendly, while also restricting homes to site-built construction with a minimum 1,600 square feet. If you’re looking for a rare shoreline opportunity that combines lifestyle amenities with rental potential, this parcel in Richland Park is worth a close look.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Corsicana
    County
    Navarro
    State
    Texas
    Longitude
    -96.8735
    Latitude
    33.548

    Nearby Similar for Sale

    • $850,000
      8,500 SF

      Versatile Metal Construction Facility

      Metal building with office-ready layout, covered carport, and large shop area for construction, industrial, or service operations.
      1742 S US Highway 287, Corsicana, TX 75110
      View Details
    • $449,000
      2,112 SF

      Self-Service Car Wash Opportunity

      Turnkey self-service car wash with multiple bays, on-site office, and storage in a high-visibility, high-traffic setting.
      223 Oaklawn Drive, Corsicana, TX 75110
      View Details
    • $249,000
      1,532 SF

      Office Building with Heated Storage

      Corner office building with multiple private offices, reception-flex space, and fully heated and cooled storage plus ample parking.
      208 S 31st Street, Corsicana, TX 75110
      View Details
    • $599,000

      Automotive Service Building with Bay Doors

      Downtown service building with six bay doors, insulated workshop space, and included vehicle lifts for efficient operations.
      308 S Beaton Street, Corsicana, TX 75110
      View Details
    • $550,000
      3,312 SF

      Automotive Service Shop Corner Lot

      Automotive shop with multiple service bays, lifts, and a wheel alignment setup on a high-traffic corner lot.
      123 N 7th Street, Corsicana, TX 75110
      View Details
    • $730,000

      Two-Story Brick Restaurant and Event Space

      Historic two-story brick building with full bar, commercial kitchen, stage area, dining spaces, and an upstairs event and office-ready layout.
      107 S Beaton Street, Corsicana, TX 75110
      View Details
    • $675,000

      Multi-Building Institutional Campus

      Cleared campus with three buildings, classrooms, and assembly spaces, offering strong flexibility for education or faith-based uses.
      3640 N Business 45, Corsicana, TX 75110
      View Details
    • $450,000

      Drive-Through Restaurant Building

      Former Sonic with drive-through and walk-up window, positioned for strong visibility and customer convenience on a busy corridor.
      1524 W 7th Avenue, Corsicana, TX 75110
      View Details
    • $450,000

      Renovated Conversion Silo Property

      Iconic, fully renovated multi-level silo building with flexible space and high-ceiling potential for destination uses.
      513 Martin Luther King Jr Boulevard, Corsicana, TX 75110
      View Details
    • $1,850,000

      Leased Industrial Warehouse Investment

      A 24,000+ SF warehouse on 3.5 acres, offered for sale with a long-term vending company lease in an established industrial area.
      2400 S Business 45, Corsicana, TX 75110
      View Details
    • $300,000

      Office Building with Break Room

      Two main office rooms and multiple private offices make this an efficient option for growing local businesses.
      800 W 2nd Avenue, Corsicana, TX 75110
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Build in a gated lake community with private amenities, including boat access and shoreline views.
    Where is this waterfront land located?
    The property is located at Edgewater Way lot 22 Corsicana, TX.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: 1.68‑acre lakefront lot with over 251 ft of shoreline on Richland Chambers Reservoir; Gated community: Richland Park, with lakefront‑focused shared amenities; Private pavilion available for gatherings and special events
    (972) 372-0590
    We can help!
    Listing Contact
    Assal Aldrei
    Assal Aldrei
    Real Estate License ID: 0612132
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Edgewater Way lot: 22, Corsicana, TX 76233
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!