Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Deeded Waterfront Commercial Land Opportunity Title is generated by Realmo AI

    Park Road 36, Graford, TX 76449

    View on Map
    Claim this Listing
    For Sale
    $575,000

    LAND - Possum Kingdom Lake, TX

    Lot size:
    1.19 Acres
    Added:
    Jul 16, 2025
    Days on Market:
    325
    Last Refresh:
    Jun 5 at 5:06 am

    Property Features for Park Road 36

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R000569011
    Lot size
    1.19 Acres

    Taxes and HOA fees

    Tax Description
    1.191 acres out of 3 acre tract Parcel #026541350

    Utilities

    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Keith Hanssen
    Keith Hanssen

    Listing agent Keith Hanssen License #0445901

    Listing office Possum Kingdom Real Estate Graford, TX

    Listing date Jul 16, 2025

    MLS# 21000688

    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

    • Deeded commercial land on the main commercial road into Possum Kingdom Lake, with 293 ft of State Highway frontage
    • Septic tank on site; septic is approved and sewer tap potential is noted (not guaranteed)
    • Commercial water meter installed; adjacent Lot 2 (half acre) on the same plat is offered separately with a new water meter
    • Level soil for building site and parking area
    • Parcel is at least 100 ft deep, plus an additional half acre included that could be subdivided (buyer discretion/needs)
    • Subject to seller‑approved proposed use and deed restrictions; lakefront parcels and other platted/unplatted parcels are not included

    Overview

    Rare commercial opportunity to own deeded land on a main commercial road into the center of Possum Kingdom Lake. The property offers level building site and parking area on excellent soil, with septic approved and potential for a sewer tap (not guaranteed). A commercial water meter has been installed, helping streamline utilities for the next owner’s plans. The parcel includes space that could support development as-is or potentially allow for additional subdivision depending on the availability of water service and the buyer’s needs.

    The site features 293 feet of state highway frontage, positioned with one way into the Peninsula and one way out directly in front of the property. A sheriff station sits on the west boundary and the Possum Kingdom Welcome Center is on the east boundary, reinforcing the property’s high-visibility, high-convenience location. Sale is also subject to the seller’s approved proposed use and deed restrictions.

    This offering is well-suited for buyers seeking a commercial lake-area development site that can accommodate a building site and parking. With approved septic, installed commercial water service, and meaningful highway frontage, the land provides a practical foundation for uses that align with the deed restrictions and the seller’s proposed-use approval requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Graford
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.430849
    Latitude
    32.902745

    Nearby Similar for Sale

    • $175,000

      Lake-Adjacent Commercial Land Opportunity

      Un-zoned, nearly 1.6-acre parcel on a main thoroughfare with utility considerations for a new business build.
      303 N Fm 2353, Possum Kingdom Lake, TX 76449
      View Details
    • $950,000

      Waterfront Land Homesite

      Lakefront land with mature trees and expansive views, offering a rare canvas for a private retreat at Possum Kingdom Lake.
      1131 Panorama Way, Graford, TX 76449
      View Details
    • $875,000

      Waterfront Trail Ridge Homesite

      Build-ready homesite near Possum Kingdom Lake with adjacent parcel option for estate-scale privacy.
      2181 Trail Ridge # 2, Graford, TX 76449
      View Details
    • $3,995,000

      Automotive Service & Storage Facility

      Newly built automotive service and showroom facility with multiple bays, parts area, office space, and extensive storage options.
      1770 Fm 2951, Graford, TX 76449
      View Details
    • $425,000

      Prepped Double Golf Course Homesite

      A rare double lot with substantial site prep and utilities in place, ready for a custom build within a resort community.
      223 Oak Tree Drive, Possum Kingdom Lake, TX 76449
      View Details

    FAQs

    What type of property is this?
    Commercial land - Deeded commercial waterfront land with strong state highway visibility, approved septic, and an installed commercial water meter.
    Where is this commercial land located?
    The property is located at Park Road 36 Graford, TX.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Deeded commercial land on the main commercial road into Possum Kingdom Lake, with 293 ft of State Highway frontage; Septic tank on site; septic is approved and sewer tap potential is noted (not guaranteed); Commercial water meter installed; adjacent Lot 2 (half acre) on the same plat is offered separately with a new water meter
    (940) 328-5528
    We can help!
    Listing Contact
    Keith Hanssen
    Keith Hanssen
    Real Estate License ID: 0445901
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Park Road 36, Possum Kingdom Lake, TX 76449
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!