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    Waterfront Recreation Land Opportunity Title is generated by Realmo AI

    Grand Harbor Boulevard lot 41, Chico, TX 76431

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    Claim this Listing
    For Sale
    $250,000

    LAND - Chico, TX

    Lot size:
    1.00 Acre
    Added:
    Jan 11, 2026
    Days on Market:
    147
    Last Refresh:
    Jun 7 at 4:06 am

    Property Features for Grand Harbor Boulevard lot 41

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded, Brush
    Standard status
    Active
    APN
    R0980004100
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Description
    ACRES: 1.000, LOT: 41, SUBD: GRAND HARBOR ON
    Tax Annual Amount
    1058

    Utilities

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

    Building Details

    Year built
    2005

    We can help!

    Listing Contact
    Sam Berube
    Sam Berube

    Listing agent Sam Berube License #0508994

    Listing office It's Closing Time Realty Grapevine, TX

    Listing date Jan 11, 2026

    MLS# 21149840 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‑acre lot in North Star Pointe subdivision backing up to Lake Bridgeport
    • More than 97 ft of lake waterfront with lake‑front views
    • Gated community with access to lake recreation including wakeboarding, skiing, and fishing
    • Near the community boat ramp, with the option for approval for a private boat dock
    • Water source: public
    • Short walk to the community pool

    Overview

    This waterfront lot offers a tranquil buildable setting backing up to Lake Bridgeport in the North Star Pointe subdivision. The property features over 97 feet of waterfront and is surrounded by lush trees and striking native boulders, creating a natural, scenic backdrop. The lake setting supports recreation such as wakeboarding, skiing, and fishing, and there is the possibility of a private boat dock subject to approval.

    The lot is positioned near a community boat ramp, providing convenient access to time on the water. It is also a short walk to the community pool, supporting an easy transition between lake activities and everyday relaxation. The property is located within a gated community, offering an additional layer of privacy and controlled access.

    For buyers seeking a lake-focused retreat, this site provides the waterfront exposure that typically defines the experience on Lake Bridgeport. Its recreation-oriented surroundings and availability of dock approval make it a strong fit for an owner who wants to build around direct water access. Whether your goal is year-round use or seasonal enjoyment, the combination of waterfront length, natural landscape, and community amenities provides a practical foundation for a personal waterfront plan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Chico
    County
    Wise
    State
    Texas
    Longitude
    -97.8129
    Latitude
    33.3473

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    FAQs

    What type of property is this?
    Waterfront Land - Lake Bridgeport frontage and a gated-community setting make this land well suited for a private lake lifestyle.
    Where is this waterfront land located?
    The property is located at Grand Harbor Boulevard lot 41 Chico, TX.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 1‑acre lot in North Star Pointe subdivision backing up to Lake Bridgeport; More than 97 ft of lake waterfront with lake‑front views; Gated community with access to lake recreation including wakeboarding, skiing, and fishing
    (817) 657-9776
    We can help!
    Listing Contact
    Sam Berube
    Sam Berube
    Real Estate License ID: 0508994
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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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