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    Multi-Family Homes on One Lot Title is generated by Realmo AI

    Linda Lee Crossing, Whitney, TX 76692

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    Pending
    $375,000

    MULTI_FAMILY - Whitney, TX

    Property size:
    4,264 SF
    Lot size:
    3.99 Acres
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 10:06 pm

    Property Features for Linda Lee Crossing

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    6
    Rooms
    Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 4, Bathroom 5, Bathroom 6, Bathroom 1, Bedroom 2
    Parking
    3
    Parking features
    Open, Garage, Carport
    Patio and Porch features
    Porch, Deck
    Interior features
    BuiltInFeatures, EatInKitchen, HighSpeedInternet, OpenFloorplan, PanelingWainscoting, CableTv, WalkInClosets
    Exterior features
    RainGutters, Storage
    Fencing
    Gate
    Fireplace
    1
    Appliances
    Dishwasher, ElectricCooktop, ElectricOven, ElectricRange, Microwave
    Standard status
    Pending
    APN
    125544
    Size
    4,264 SF
    Lot size
    3.99 Acres

    Taxes and HOA fees

    Tax Description
    BEACHVIEW #2 LT 33 & PT ST
    Tax Annual Amount
    943

    Utilities

    Cooling system
    Window Unit(s), Electric, Ceiling Fan(s)

    Building Details

    Year built
    2000
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Carpet, Tile, Wood
    Building materials
    Brick
    Roof type
    Composition, Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Angela Hornburg

    Listing agent Angela Hornburg License #0620365

    Listing office One West Real Estate Co. LLC Mansfield, TX

    Listing date May 27, 2026

    MLS# 21244694 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

    • Three separate homes on one lot, set up for flexible use such as multi‑generational living or guest space
    • Each residence has its own space while still being located together for convenience
    • Homes include multiple bedrooms and bathrooms (Bedroom 1–4 and Bathroom 1–6) and an open floor plan with built‑in features
    • Brick construction with composition and metal roofing; rain gutters and storage on site
    • Appliances include dishwasher, electric cooktop, electric oven, electric range, and microwave
    • Parking includes a garage and carport plus open parking; features include a porch/deck and a fireplace (fireplaceYN: true)

    Overview

    This property features three separate homes on one lot, designed to work for changing needs over time. The overall layout provides the convenience of having multiple residences together while still maintaining separate spaces for households, guests, or different uses. Whether you’re looking for multi-generational living, room for visitors, or to operate each home according to its own plan, the configuration supports flexibility.

    The homes are located in Whitney, Texas, and are just down the road from Lake Whitney, providing easy access to lake and outdoor activities. The property is presented as a single offering with a total lot size of 3.99 acres, and it is also listed by parcel, allowing you to evaluate the homes individually or as combinations based on your strategy.

    For buyers seeking investment potential, the separate residences can support independent occupancy planning. Owner-occupants may also find the setup practical for maintaining close convenience while separating living arrangements. As noted in the listing, each home can be viewed through its own parcel listing, offering additional flexibility for due diligence and decision-making.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Whitney
    County
    Hill
    State
    Texas
    Longitude
    -97.384187
    Latitude
    31.995497

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    FAQs

    What type of property is this?
    Single family property - Three separate residences offer flexible living or rental options on a single lot near Lake Whitney.
    Where is this single family property located?
    The property is located at Linda Lee Crossing Whitney, TX.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Three separate homes on one lot, set up for flexible use such as multi‑generational living or guest space; Each residence has its own space while still being located together for convenience; Homes include multiple bedrooms and bathrooms (Bedroom 1–4 and Bathroom 1–6) and an open floor plan with built‑in features
    (682) 422-3812
    We can help!
    Listing Contact
    Angela Hornburg
    Real Estate License ID: 0620365
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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.

    More about this property
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