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    Recreational Homesite Land Title is generated by Realmo AI

    54+ Acres Rock Creek Road, Gordonville, TX 76245

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    Claim this Listing
    For Sale
    $1,622,610

    LAND - Gordonville, TX

    Lot size:
    54.09 Acres
    Added:
    Dec 2, 2025
    Days on Market:
    183
    Last Refresh:
    Jun 3 at 2:06 am

    Property Features for 54+ Acres Rock Creek Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    456252
    Lot size
    54.09 Acres

    Taxes and HOA fees

    Tax Description
    ROCK CREEK RANCH ESTATES, BLOCK 1, LOT 1, ACRES 1.

    We can help!

    Listing Contact
    Cory Meals
    Cory Meals

    Listing agent Cory Meals License #0636222

    Listing office eXp Realty LLC Austin, TX

    Listing date Dec 2, 2025

    MLS# 21123058 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

    • 54+-acre unimproved homesite near the entrance of the Rock Creek Resort community
    • Located just off FM 901 and US Hwy 377 for access to nearby towns and amenities
    • Utilities available: GCEC electric service available and water provided by Northwest Water at the road
    • Light restrictions in place
    • Options to purchase 1.181 acres, 1.185 acres, or 54+ acres
    • Megastar Casino is about 5 minutes away

    Overview

    This unimproved homesite land offering is positioned near the entrance of the Rock Creek Resort community, just minutes from the shores of Lake Texoma. The property spans approximately 54+ acres and provides an open opportunity for buyers looking to build a custom home or create a weekend getaway in a recreational-focused area. Light restrictions are in place to help preserve the character of the surrounding community while still allowing flexibility in how you approach your build. Essential utilities are noted as available, including electric service through GCEC and water provided by Northwest Water at the road.

    Access is described as just off FM 901 and US Hwy 377, supporting convenient travel to nearby towns and the surrounding region. The location also places it within reach of Whitesboro ISD schools and shopping opportunities, alongside outdoor recreation connected to Lake Texoma and the resort area. Entertainment and dining are highlighted as close by, with Megastar Casino identified as about five minutes away, and other major attractions referenced as being nearby.

    For tenantless ownership, this type of land is well-suited to buyers planning a primary residence, a lake-area second home, or an investment that can benefit from additional acreage options. With build-ready utility access at the road and a large, flexible footprint, the tract offers a practical canvas for long-term use in a market that continues to attract recreational demand.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Gordonville
    County
    Grayson
    State
    Texas
    Longitude
    -96.8936928
    Latitude
    33.82471

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    FAQs

    What type of property is this?
    Residential land & home lot - Unimproved tract near Lake Texoma with utilities available at the road and light restrictions for flexible build planning.
    Where is this residential land & home lot located?
    The property is located at 54+ Acres Rock Creek Road Gordonville, TX.
    What is the asking price?
    The asking price for this property is $1,622,610.
    What are key features of this property?
    This property features: 54+-acre unimproved homesite near the entrance of the Rock Creek Resort community; Located just off FM 901 and US Hwy 377 for access to nearby towns and amenities; Utilities available: GCEC electric service available and water provided by Northwest Water at the road
    (888) 519-7431
    We can help!
    Listing Contact
    Cory Meals
    Cory Meals
    Real Estate License ID: 0636222
    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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