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    Lakefront RV and Cabin Resort Title is generated by Realmo AI

    CR 567, Eastland, TX 76437

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    For Sale
    $2,600,000

    COMMERCIAL - Eastland, TX

    Lot size:
    30.82 Acres
    Added:
    Apr 20, 2026
    Days on Market:
    45
    Last Refresh:
    Jun 3 at 12:06 am

    Property Features for CR 567

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0008882
    Lot size
    30.82 Acres

    Taxes and HOA fees

    Tax Description
    BETWEEN LEISURE ESTS #1 & WILLIAMSON CABIN LO
    Tax Annual Amount
    37

    Utilities

    Sewer type
    Septic Tank, Private Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric
    Water source
    Public
    Water front features
    Lake Front
    Water front
    1

    Building Details

    Year built
    1990
    Floors in Building
    1
    Number of units
    36
    Flooring type
    Slate
    Building materials
    WoodSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Rylan Harrison

    Listing agent Rylan Harrison License #0639448

    Listing office Harrison Properties Ranger, TX

    Listing date Apr 20, 2026

    MLS# 20913699

    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

    • Over 1,400 ft of lake frontage on Lake Leon; waterfront features include lake front access
    • La Manch Lake Ranch operating as an RV and cabin rental resort with a main log cabin (3BR/2BA) and multiple rental cabins
    • Main log cabin rental is two‑story and includes wraparound porches, two large living areas, fireplaces, central HVAC, and lake views
    • Rental inventory includes (5) 2BR/1BA cedar cabins, (4) log‑style studio cabins with kitchen and bath, and (27) full RV hook‑ups with utilities
    • On‑site infrastructure includes a 12‑stall boathouse, 20‑stall dry storage (7 enclosed for shop), and septic services including a commercial grade septic system plus private sewer/septic tank
    • Year built 1990 with metal roof, wood siding, slate flooring, electric heating and electric cooling; public water available

    Overview

    La Manch Lake Ranch is a turnkey lakefront RV and cabin rental resort offering a mix of accommodations and support facilities. The main log cabin is a two-story 3BR/2BA layout with two large living areas, fireplaces, a dining room, kitchen, central HVAC, and wraparound porches with lake views. Additional overnight options include multiple cedar cabins and log-style studio cabins, along with full RV hook-ups with utilities and room to expand. The property also includes a 12-stall boathouse, a large event stage with lighting and sound, a meeting lodge with bar, restrooms, porch, and an attached 1914 caboose, plus a small office building and a 20-stall dry storage area with enclosed space for a shop. There is also a manager’s quarters (2BR/1.5BA) with fenced yard and minnow house, recreation amenities including tennis, basketball, and volleyball courts, and guest-focused outdoor features such as swimming, fishing piers, a boat launch, and outdoor restrooms. A commercial-grade septic system supports current operations.

    The resort sits on Lake Leon and offers extensive lake frontage, along with on-site boating access via piers and a boat launch.

    This property is well suited for an owner-operator looking to continue RV and cabin rental operations, or for an investor considering future lakefront residential or commercial development. The combination of lodging inventory, guest amenities, and utility infrastructure provides a strong platform for continued hospitality use or long-term redevelopment planning.
    Location Intelligence

    Current Use by Public Records

    Campgrounds

    Map

    City
    Eastland
    County
    Eastland
    State
    Texas
    Longitude
    -98.687128
    Latitude
    32.367415

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    FAQs

    What type of property is this?
    Campground - Operate a functioning lakefront rental resort or pursue future development with substantial Lake Leon frontage.
    Where is this campground located?
    The property is located at CR 567 Eastland, TX.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: Over 1,400 ft of lake frontage on Lake Leon; waterfront features include lake front access; La Manch Lake Ranch operating as an RV and cabin rental resort with a main log cabin (3BR/2BA) and multiple rental cabins; Main log cabin rental is two‑story and includes wraparound porches, two large living areas, fireplaces, central HVAC, and lake views
    (254) 631-3200
    We can help!
    Listing Contact
    Rylan Harrison
    Real Estate License ID: 0639448
    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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