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    Waterfront View Land Tract Title is generated by Realmo AI

    Trailride, Hilltop Lakes, TX 77871

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    For Sale
    $89,000

    LAND - Hilltop Lakes, TX

    Lot size:
    0.88 Acres
    Added:
    Nov 11, 2025
    Days on Market:
    204
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for Trailride

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Brush, Wooded, Grassed
    Standard status
    Active
    APN
    081062100000000000000
    Lot size
    0.88 Acres

    Taxes and HOA fees

    Tax Description
    HILLTOP LAKES SEC 70 BLK 2 LT 21 & 22, & 13&14
    Tax Annual Amount
    890

    We can help!

    Listing Contact
    Lisa Jones
    Lisa Jones

    Listing agent Lisa Jones License #0804785

    Listing office Realty Plus - Groesbeck Groesbeck, TX

    Listing date Nov 11, 2025

    MLS# 21038516 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

    • Nearly 1‑acre partially wooded tract made up of 4 lots
    • Water meter already installed on the property
    • Unobstructed view to spring‑fed Lake Tonkawa (87 acres) with vacant lot across the road
    • Community boat ramp located right on the corner
    • Hilltop Lakes amenities include an expansive 18‑hole golf course and free golf membership with each POA
    • Hilltop Lakes community includes equestrian center, hangars with landing strip, Texas‑shaped pool, recreational room, restaurant and bar, kids playground, post office, fire department, campground, tennis courts, and mini golf

    Overview

    This sale property is a waterfront view land tract within Hilltop Lakes. The almost one-acre site consists of four lots and includes a partially wooded setting. A water meter is already installed on the property, which can help simplify early planning for utilities. The lot also offers a view toward 87-acre spring-fed Lake Tonkawa, supported by an unobstructed outlook created by a vacant lot across the road.

    Access and the surrounding community context are notable. Hilltop Lakes features a community boat ramp located on the corner, and the listing materials indicate the lake view from the lot. The community offers a range of amenities, including an equestrian center, hangars with a landing strip, an expansive 18-hole golf course, a recreation room that can be rented, a restaurant and bar, and a kids playground. Additional amenities cited include a post office, fire department, campground, tennis courts, and mini golf, with each POA including free golf membership.

    With the combination of lake-facing views, multiple-lot configuration, and an existing water meter, the property may appeal to buyers seeking a residential homesite within an amenity-rich community. As with any land purchase, prospective buyers should confirm all development requirements and details during due diligence.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Hilltop Lakes
    County
    Leon
    State
    Texas
    Longitude
    -96.2008618
    Latitude
    31.0631676

    Nearby Similar for Sale

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      Cleared Homesite in Hilltop Lakes

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      Lakefront Lot on Lake Tonkawa

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      Golf Course View Double Lot

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    FAQs

    What type of property is this?
    Waterfront Land - Partially wooded lot with lake views and an existing water meter, located within Hilltop Lakes community amenities.
    Where is this waterfront land located?
    The property is located at Trailride Hilltop Lakes, TX.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: Nearly 1‑acre partially wooded tract made up of 4 lots; Water meter already installed on the property; Unobstructed view to spring‑fed Lake Tonkawa (87 acres) with vacant lot across the road
    (254) 729-5555
    We can help!
    Listing Contact
    Lisa Jones
    Lisa Jones
    Real Estate License ID: 0804785
    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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