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    Development Land with Highway Frontage Title is generated by Realmo AI

    Harris Lane, Yantis, TX 75497

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    Claim this Listing
    For Sale
    $119,900

    LAND - Yantis, TX

    Lot size:
    1.23 Acres
    Added:
    Aug 14, 2025
    Days on Market:
    294
    Last Refresh:
    Jun 3 at 8:06 am

    Property Features for Harris Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R37530
    Lot size
    1.23 Acres

    Taxes and HOA fees

    Tax Description
    LOT 13 PT BLK 7 1.233 YANTIS TOWNSITES
    Tax Annual Amount
    560

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Hannah Kinsey

    Listing agent Hannah Kinsey License #0743325

    Listing office 1st Class Real Estate Next Generation Carrollton, TX

    Listing date Aug 14, 2025

    MLS# 21032191 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

    • Highway 154 frontage in Yantis, TX with city approval for 24 lots
    • 24 lots are each 45' x 55', sized for RV or tiny home use
    • Two parking spaces per lot for guests, tenants, or short‑term rentals
    • 6 lots fully ready with electricity, city water, and sewer
    • Includes commercial water meter and electric on the property
    • Public water source and public sewer available

    Overview

    This development parcel offers a city-approved plan for 24 lots, each sized to accommodate an RV or tiny home. The property is equipped with commercial water meter and electricity already on-site, and 6 of the lots are fully ready with electricity, city water, and sewer. The layout is designed with two parking spaces per lot, supporting flexible guest or tenant parking for short-term stays or longer-use residences.

    The tract has frontage directly on Highway 154, providing convenient access and strong visibility for prospective residents and visitors. It is located approximately 5 minutes from Lake Fork, known for bass fishing and related tourism, which can align well with vacation-focused lodging concepts. Surrounding potential includes landscaping and amenities, with room for continued expansion based on the approved lot plan.

    For investors or operators, the existing lot approval and utilities reduce early development friction for an RV park, tiny home community, or vacation rental retreat. The combination of highway access, off-street parking allowances, and proximity to Lake Fork makes this property a practical fit for operators seeking a turn-key path to a hospitality-leaning land use, as well as buyers looking to build out according to the approved configuration.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Yantis
    County
    Wood
    State
    Texas
    Longitude
    -95.574138
    Latitude
    32.926539

    Nearby Similar for Sale

    • $799,000
      2,790 SF

      Lake Fork Development Opportunity

      3.47 acres with highway frontage and lake access.
      180 County Road 1886, Yantis, TX 75497
      View Details
    • $799,000
      2,790 SF

      Lake Fork Development Opportunity

      3.47 acres with lake access and development potential.
      180 County Road 1886, Yantis, TX 75497
      View Details
    • $2,400,000

      Waterfront Ag-Exempt Land Tract

      Unrestricted Lake Fork land with ag-exempt acreage and a point setting offering strong flexibility for waterfront development plans.
      Spur 514, Yantis, TX 75497
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    • $255,000

      Ag-Exempt Pasture Acreage with Trees

      Ag-exempt acreage with open pasture and scattered trees, offering flexible options for a home, retreat, or small ranch.
      1940 County Road 1800, Yantis, TX 75497
      View Details
    • $1,200,000

      Fenced Recreational Ranch Tract

      A fully fenced East Texas tract with pasture, pond, and wooded hunting cover plus Highway 154 frontage.
      5081 154 Highway, Yantis, TX 75497
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    • $378,900

      Residential Development Acreage

      Nearly 19 acres with dual-road frontage and hilltop views, well suited for housing plans or recreational storage.
      FM 514 Road, Yantis, TX 75497
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - City-approved lot development along Highway 154 with utilities in place, minutes from Lake Fork for RV, tiny home, or rentals.
    Where is this residential land & home lot located?
    The property is located at Harris Lane Yantis, TX.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: Highway 154 frontage in Yantis, TX with city approval for 24 lots; 24 lots are each 45' x 55', sized for RV or tiny home use; Two parking spaces per lot for guests, tenants, or short‑term rentals
    (469) 758-0012
    We can help!
    Listing Contact
    Hannah Kinsey
    Real Estate License ID: 0743325
    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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