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    Waterfront Land Parcel with Pond Access Title is generated by Realmo AI

    Spur 294 lot 333, Corsicana, TX 75109

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    For Sale
    $79,900

    LAND - Corsicana, TX

    Lot size:
    1.05 Acres
    Added:
    May 28, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 6 at 10:06 am

    Property Features for Spur 294 lot 333

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Grassed, Brush, Wooded
    Standard status
    Active
    APN
    64175
    Lot size
    1.05 Acres

    Taxes and HOA fees

    Tax Description
    T0077.03 THE SHORES ON RICHLAND CHAMBERS LAKE
    Tax Annual Amount
    1232

    Utilities

    Sewer type
    Septic Tank
    Water front features
    Creek
    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 28, 2026

    MLS# 20557083 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

    • Lot 333 in The Shores on Richland Chambers Lake with waterfront access to a private stocked pond
    • More than 1 acre lot with shaded mature trees
    • Creek feature on‑site
    • Septic tank sewer
    • Gated subdivision with resident amenities including clubhouse, resort‑style infinity pool, fitness center, and park
    • Private boat ramp and subdivision build requirement for site‑built homes with minimum 1,800 SF

    Overview

    Lot 333 is an exterior waterfront lot in The Shores on Richland Chambers Lake, offering water frontage on a private stocked pond within the subdivision. The property is described as spacious and shaded, with room to maintain privacy while thinning select trees if desired. The setting is designed for outdoor living, including space to create a fire pit by the pond and enjoy the water from the property.

    The Shores is a gated subdivision with resident-focused amenities. The community features a clubhouse with a resort-style infinity pool, a fitness center, a park, and a private boat ramp for launching boats. Homes are subject to build restrictions, including that residences must be site-built with a minimum size of 1,800 square feet.

    This parcel should appeal to buyers seeking a wooded, private lakeside home site with direct access to a stocked pond. The lot’s exterior position and water adjacency support a custom build approach, particularly for anyone planning a primary residence that meets the subdivision’s minimum site-built requirement. If additional outdoor space is desired, the listing notes that Lot 618 is adjacent.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Corsicana
    County
    Navarro
    State
    Texas
    Longitude
    -96.219887
    Latitude
    31.993179

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    FAQs

    What type of property is this?
    Waterfront Land - Build-ready exterior lot in a gated lake community with private stocked pond frontage and resort-style amenities.
    Where is this waterfront land located?
    The property is located at Spur 294 lot 333 Corsicana, TX.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: Lot 333 in The Shores on Richland Chambers Lake with waterfront access to a private stocked pond; More than 1 acre lot with shaded mature trees; Creek feature on‑site
    (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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