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    Turnkey Lakefront Land Retreat Title is generated by Realmo AI

    Peninsula Road lot 68, Kerens, TX 75144

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    For Sale
    $199,000

    LAND - Kerens, TX

    Lot size:
    0.09 Acres
    Added:
    May 21, 2026
    Days on Market:
    14
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for Peninsula Road lot 68

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Cleared, Grassed
    Exterior features
    Barbecue, OutdoorGrill
    Standard status
    Active
    APN
    111788
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Description
    P0220 PENINSULA POINT AT RICHLAND CHAMBERS BL
    Tax Annual Amount
    1679

    Utilities

    Sewer type
    Private Sewer
    Water front features
    Waterfront, Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Julie Teel

    Listing agent Julie Teel License #0380798

    Listing office RE/MAX Lakeside Dreams Corsicana, TX

    Listing date May 21, 2026

    MLS# 21206069 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

    • Lakefront lot in the gated Peninsula Point community on Richland Chambers Lake
    • Includes a 2023 Forest River fifth wheel with three slide‑outs, ready for overnight stays
    • Lot has a concrete pad, steel retaining wall, and a sidewalk leading to the water
    • Peninsula Point amenities include a lakeside pool, fishing pier, outdoor clubhouse with kitchen, and boat ramp
    • Outdoor features include a barbecue and outdoor grill
    • Septic on‑site with private sewer

    Overview

    This turnkey lakefront lot in Peninsula Point is set up for immediate enjoyment. Lot 68 includes a concrete pad, a steel retaining wall, and a sidewalk leading to the water for convenient lakeside access. The property also comes with a 2023 Forest River fifth wheel featuring three slide-outs, designed for comfortable overnight stays and flexible weekend hosting without waiting on construction.

    Peninsula Point is a gated community on Richland Chambers Lake, offering resort-style amenities for time on and off the water. The community includes a lakeside pool, fishing pier, outdoor clubhouse with a kitchen, and a boat ramp. A dog park is also available, supporting weekend trips with friends, family, and pets.

    Ideal for buyers seeking a low-maintenance weekend retreat, this property supports a ready-to-enjoy setup centered on boating and fishing, plus easy lakeside downtime. With the RV already in place and the hardscape features completed, it’s well suited for operators or families looking for a guest-ready lake escape from day one.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Kerens
    County
    Navarro
    State
    Texas
    Longitude
    -96.199
    Latitude
    32.1018

    Nearby Similar for Sale

    • $125,000

      Turnkey Waterfront RV Lot

      Turnkey waterfront RV lot with a concrete pad, water stairs, and installed utilities in a gated Peninsula Point community.
      6454 Peninsula Road, Kerens, TX 75144
      View Details
    • $100,000

      Cleared Homesite with Mature Trees

      A 6-acre cleared tract with mature trees, offering a private setting for a custom home or recreational retreat.
      12631 County Road 3270, Kerens, TX 75144
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Lakefront lot in a gated community with onsite concrete pad and RV included for immediate weekend use.
    Where is this waterfront land located?
    The property is located at Peninsula Road lot 68 Kerens, TX.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Lakefront lot in the gated Peninsula Point community on Richland Chambers Lake; Includes a 2023 Forest River fifth wheel with three slide‑outs, ready for overnight stays; Lot has a concrete pad, steel retaining wall, and a sidewalk leading to the water
    (903) 874-0001
    We can help!
    Listing Contact
    Julie Teel
    Real Estate License ID: 0380798
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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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