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    Residential Land Lot with Tree Cover Title is generated by Realmo AI

    Lakeside Drive lot 457, Bowie, TX 76230

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    Claim this Listing
    For Sale
    $50,000

    LAND - Bowie, TX

    Lot size:
    2.01 Acres
    Added:
    Jul 8, 2025
    Days on Market:
    334
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for Lakeside Drive lot 457

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    RV
    Standard status
    Active
    APN
    R000022981
    Lot size
    2.01 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 2.010 LOT 457 PHASE 6 SILVER LAKES RAN
    Tax Annual Amount
    430

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Leslie Albanese

    Listing agent Leslie Albanese License #0623536

    Listing office Ledbetter Realty Bowie, TX

    Listing date Jul 8, 2025

    MLS# 20991638 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

    • 2.01‑acre interior lot with public water available
    • Can be combined with Lot 455 Ranchview Court (2.01 acres) for a total of 4.02 acres
    • Seller provides a combined survey and will not provide separate surveys
    • RV parking on‑site, with RV & boat storage available in the community
    • Access to SLR community amenities including 2 fishing lakes, security, swimming pool, on‑site fire hall, gym, and community center
    • SLR is located on Amon G. Carter Lake, about 1:15 from DFW airport and less than an hour from Wichita Falls, TX

    Overview

    Set up for a custom build, this interior residential lot offers a peaceful setting with great tree cover. At 2.01 acres, it provides space to plan a dream home while maintaining a more private feel. The seller can also combine this parcel with an additional 2.01-acre lot (Lot 455 Ranchview Court) to create a 4.02-acre opportunity, and the property is offered with a combined survey rather than separate surveys.

    Located within SLR, a master-planned community featuring rolling hills and hardwood forests totaling 2,300 acres. The community sits on Amon G. Carter Lake, appealing to buyers looking for an outdoor, low-stress lifestyle while remaining connected to the Metroplex. Residents can enjoy the setting year-round, with opportunities to observe local wildlife. SLR also includes a range of community facilities and services.

    For buyers and builders, the lot’s wooded character and quiet interior placement make it well-suited for a primary residence, retirement home, or a weekend getaway. With amenities including two fishing lakes, RV and boat storage, security, a swimming pool, an on-site fire hall, a gym, and a community center, the parcel offers more than just buildable land—it supports a complete community lifestyle. The location is also listed as about 1:15 minutes from DFW airport, with Wichita Falls less than an hour away.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Bowie
    County
    Montague
    State
    Texas
    Longitude
    -97.89413675
    Latitude
    33.44542868

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    FAQs

    What type of property is this?
    Residential land & home lot - Peaceful interior lot with mature trees in a master-planned community with lake access and extensive on-site amenities.
    Where is this residential land & home lot located?
    The property is located at Lakeside Drive lot 457 Bowie, TX.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: 2.01‑acre interior lot with public water available; Can be combined with Lot 455 Ranchview Court (2.01 acres) for a total of 4.02 acres; Seller provides a combined survey and will not provide separate surveys
    (940) 872-1776
    We can help!
    Listing Contact
    Leslie Albanese
    Real Estate License ID: 0623536
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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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