Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Richland Chambers Lake Land Title is generated by Realmo AI

    Water Way lot 140, Richland, TX 76681

    View on Map
    Claim this Listing
    For Sale
    $99,900

    LAND - Richland, TX

    Lot size:
    1.01 Acres
    Added:
    Mar 13, 2026
    Days on Market:
    86
    Last Refresh:
    Jun 6 at 10:06 pm

    Property Features for Water Way lot 140

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    124158
    Lot size
    1.01 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    Jeffery Smith

    Listing agent Jeffery Smith License #0467722

    Listing office Century 21 Mike Bowman, Inc. Grapevine, TX

    Listing date Mar 13, 2026

    MLS# 21207487 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

    • Access Richland Chambers Lake via private boat launch.
    • Enjoy community amenities like a clubhouse, pool, workout facility, pickleball court, and gathering room.
    • Located in The Landings, a new subdivision on Richland Chambers Lake.
    • Off‑water lot offering a lake lifestyle.
    • Close to city amenities.
    • An ideal location for relaxation.

    Overview

    This is a 1.006-acre off-water lot located in The Landings subdivision in Richland, Texas, near Richland Chambers Lake. The subdivision includes access to a clubhouse, workout facility, pickleball court, pool, gathering room with kitchenette and TV, and a private boat launch. This lot offers a location suitable for a relaxed lake lifestyle with proximity to city amenities.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Richland
    County
    Navarro
    State
    Texas
    Longitude
    -96.4492
    Latitude
    31.8798

    Nearby Similar for Sale

    • $450,000

      High-Visibility Development Land

      Flat, build-ready tract with strong interstate exposure and flexible development potential in Navarro County.
      Interstate 45, Richland, TX 76681
      View Details
    • $354,000

      Heavily Wooded Hunting Land Tract

      Heavily wooded recreational and hunting land with electric at the road for future development.
      TBD39ac SW Co Rd 2340, Richland, TX 76681
      View Details
    • $239,000

      Hunting Land Retreat

      Partially fenced, gently rolling acreage with wildlife activity, a cistern, and utilities at the road for outdoor recreation and hunting.
      141 County Road 2349, Richland, TX 76681
      View Details
    • $199,900

      Waterfront Homesite with Boat Slip

      Build your custom home on a wooded lake community homesite with a covered boat slip for convenient water access.
      Little Pin Oak Way lot: 47, Richland, TX 76681
      View Details
    • $355,000

      Dockable Lakefront Land Lot

      Level, build-ready lakefront lot in a gated community with substantial dockable shoreline for a custom home build.
      SE CR 1190 lot: 92, Richland, TX 76681
      View Details
    • $330,000

      Waterfront Residential Lot in Gated Community

      Build a lake home with dockable shoreline access in a gated community with resort-style amenities.
      111 The Landings Way, Richland, TX 76681
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Off-water lot with lake access and community amenities.
    Where is this residential land & home lot located?
    The property is located at Water Way lot 140 Richland, TX.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Access Richland Chambers Lake via **private boat launch**.; Enjoy community amenities like a **clubhouse, pool, workout facility, pickleball court, and gathering room**.; Located in The Landings, a new subdivision on Richland Chambers Lake.
    (817) 354-7653
    We can help!
    Listing Contact
    Jeffery Smith
    Real Estate License ID: 0467722
    Learn More
    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
    Water Way lot: 140, Richland, TX 76681
    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!