Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Nearly 2 Acre Wooded Lot Title is generated by Realmo AI

    TBD5 Owl Creek Park Rd, Gatesville, TX 76528

    View on Map
    Claim this Listing
    For Sale
    $194,900

    LAND - Gatesville, TX

    Lot size:
    1.95 Acres
    Added:
    Apr 18, 2024
    Days on Market:
    777
    Last Refresh:
    Jun 3 at 5:06 pm

    Property Features for TBD5 Owl Creek Park Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    523776
    Lot size
    1.95 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    VILLAS AT OWL CREEK, BLOCK 001, LOT 0005, ACRES 1.954

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Morgan Shine

    Listing agent Morgan Shine License #0703099

    Listing office Magnolia Realty Temple Belton 509 N Wall St, Belton, TX

    Listing date Apr 18, 2024

    MLS# 538496 Listing URL

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Nearly 2 acre wooded lot next to Lake Belton
    • Water meter already onsite
    • Backs onto Corps of Engineers land ensuring no rear neighbors
    • Convenient boat ramp provides easy access to Lake Belton
    • Thoughtfully cleared to accommodate homesite
    • Zoned for Belton ISD

    Overview

    This nearly 2 acre wooded lot offers an opportunity to build a home. The property, adorned with mature trees, has been thoughtfully cleared to accommodate a homesite. A water meter is already onsite. Backing onto Corps of Engineers land ensures no rear neighbors. A boat ramp provides access to Lake Belton. The property is zoned for Belton ISD.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Pet Store Pet Store & Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gatesville
    County
    Coryell
    State
    Texas
    Longitude
    -97.508954
    Latitude
    31.215279

    Nearby Similar for Sale

    • $995,000
      4,760 SF

      Versatile Commercial Property in Gatesville

      Multi-building commercial property on acreage with business and investment potential.
      3015 S State Highway 36, Gatesville, TX 76528
      View Details
    • $437,500
      2,608 SF

      Income-Producing Property on 2.77 Acres

      Income-producing property with expansion potential near Gatesville, Texas.
      6430 E US Highway 84, Gatesville, TX 76528
      View Details
    • $310,000
      3,217 SF

      Gatesville Commercial Opportunity

      Commercial property with five buildings suitable for various business ventures.
      102 E Main Street, Gatesville, TX 76528
      View Details
    • $2,900,000
      8,200 SF

      Gatesville Ranch with Disc Golf

      21-acre ranch featuring cabins, pond, and disc golf.
      200 King Ranch Road, Gatesville, TX 76528
      View Details
    • $565,000

      Redevelopment Land with Billboard

      Flat, utility-served land with an on-site billboard and stage setup, well suited for event redevelopment.
      2913 S State Highway 36, Gatesville, TX 76528
      View Details
    • $75,000

      Residential/Commercial Lot in Gatesville, TX

      Versatile 1.04-acre lot suitable for residential or commercial development.
      101 Creek Cliff Drive lot: 1, Gatesville, TX 76528
      View Details
    • $825,000

      Versatile Central Texas Land

      96+/- acres with infrastructure near Gatesville, TX.
      Straws Mill Rd, Gatesville, TX 76528
      View Details
    • $225,000

      High-Visibility Commercial Land Tract

      A highly visible site on a major thoroughfare, well positioned for retail, restaurant, or franchise development.
      2926 S State Highway 36, Gatesville, TX 76528
      View Details
    • $288,000
      3,136 SF

      Gatesville Commercial Property on Main

      Commercial property with high visibility and traffic, great potential.
      1300 and 1302 W Main Street, Gatesville, TX 76528
      View Details
    • $2,200,000

      Development Land with FM 116 Frontage

      City-annexed development land with paved FM 116 frontage and utilities for scalable commercial and industrial projects.
      129 FM 116, Gatesville, TX 76528
      View Details
    • $599,000

      106 Acres Near Gatesville, TX

      106.22 acres in Coryell County, Texas, near Gatesville.
      Cr 132, Gatesville, TX 76528
      View Details
    • $1,788,293

      City-Annexed Development Land

      73-acre tract with city utilities, suitable for commercial, industrial, mixed-use, or workforce housing development in Gatesville.
      911 Old Pidcoke, Gatesville, TX 76528
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.954 acre wooded lot near Lake Belton.
    Where is this residential land & home lot located?
    The property is located at TBD5 Owl Creek Park Rd Gatesville, TX.
    What is the asking price?
    The asking price for this property is $194,900.
    What are key features of this property?
    This property features: Nearly 2 acre wooded lot next to Lake Belton; Water meter already onsite; Backs onto Corps of Engineers land ensuring no rear neighbors
    (254) 541-1117
    We can help!
    Listing Contact
    Morgan Shine
    Real Estate License ID: 0703099
    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
    TBD5 Owl Creek Park Rd, Gatesville, TX 76528
    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!