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    Waterfront Ag-Exempt Land Tract Title is generated by Realmo AI

    Spur 514, Yantis, TX 75497

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    Claim this Listing
    For Sale
    $2,400,000

    LAND - Other - Yantis, TX

    Lot size:
    24.10 Acres
    Added:
    May 17, 2026
    Days on Market:
    18
    Last Refresh:
    Jun 3 at 8:06 am

    Property Features for Spur 514

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Cleared, Wooded
    Standard status
    Active
    APN
    R12054
    Lot size
    24.10 Acres

    Utilities

    Water front features
    Waterfront, Lake Front
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brittanee Brown

    Listing agent Brittanee Brown License #0756097

    Listing office All City Grapevine, TX

    Listing date May 17, 2026

    MLS# 20929463 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

    • 24.1‑acre Lake Fork tract on the point with lakefront/waterfront features
    • 14.5 buildable acres for future development on the property
    • 9.6 leaseback acres from the Sabine River Authority
    • Ag‑exempt property currently used for cattle grazing
    • Lake‑related improvements referenced in the remarks include docks/piers and lakefront structures

    Overview

    This is a 24.1-acre waterfront land tract on Lake Fork featuring a point location with water views. The property is described as having 14.5 buildable acres plus 9.6 acres subject to a leaseback arrangement with the Sabine River Authority. It is currently ag-exempt and used for cattle grazing, offering a working agricultural component alongside long-term potential for future improvements.

    The tract is positioned on the highly sought-after Lake Fork, an established East Texas lake known for recreational fishing. The listing also states that the property is unrestricted, which can support a broader range of ownership and development concepts compared with deed-restricted sites.

    For buyers looking to create a waterfront retreat, a multi-home compound, or an investment-driven lakefront project, the combination of water frontage, a point setting, and the split between buildable and leaseback acreage can be especially relevant. Prospective buyers should review the leaseback terms with the Sabine River Authority as part of their planning, particularly for any waterfront structures or dock-related concepts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Yantis
    County
    Wood
    State
    Texas
    Longitude
    -95.6216567
    Latitude
    32.9232921

    Nearby Similar for Sale

    • $799,000
      2,790 SF

      Lake Fork Development Opportunity

      3.47 acres with highway frontage and lake access.
      180 County Road 1886, Yantis, TX 75497
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    • $799,000
      2,790 SF

      Lake Fork Development Opportunity

      3.47 acres with lake access and development potential.
      180 County Road 1886, Yantis, TX 75497
      View Details
    • $255,000

      Ag-Exempt Pasture Acreage with Trees

      Ag-exempt acreage with open pasture and scattered trees, offering flexible options for a home, retreat, or small ranch.
      1940 County Road 1800, Yantis, TX 75497
      View Details
    • $1,200,000

      Fenced Recreational Ranch Tract

      A fully fenced East Texas tract with pasture, pond, and wooded hunting cover plus Highway 154 frontage.
      5081 154 Highway, Yantis, TX 75497
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    • $378,900

      Residential Development Acreage

      Nearly 19 acres with dual-road frontage and hilltop views, well suited for housing plans or recreational storage.
      FM 514 Road, Yantis, TX 75497
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Unrestricted Lake Fork land with ag-exempt acreage and a point setting offering strong flexibility for waterfront development plans.
    Where is this waterfront land located?
    The property is located at Spur 514 Yantis, TX.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: 24.1‑acre Lake Fork tract on the point with lakefront/waterfront features; 14.5 buildable acres for future development on the property; 9.6 leaseback acres from the Sabine River Authority
    (512) 957-9044
    We can help!
    Listing Contact
    Brittanee Brown
    Real Estate License ID: 0756097
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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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