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Property profile & analytics
OFF-MARKET
Land

1241 Balcones Ln Graford, TX 76449

2.01 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.01-acre commercial lot in Graford, Texas, presents a unique investment opportunity. Situated on a hillside overlooking a subdivision, this property boasts stunning views and a peaceful cul-de-sac location with minimal neighbors. The lot is part of "the Hills" subdivision, providing access to an array of desirable amenities, including a community clubhouse with a pool and fitness center, boat storage, a picnic area with a cabin, a community ramp and dock, a fishing pond, and twenty miles of private roads. The property is conveniently located in Palo Pinto County, zip code 76449, and falls within the Graford ISD. Utilities are installed, including electricity and water (individual meter), with an all-weather asphalt road providing convenient access. The lot features a private road frontage, and the soil type is limestone and rocky/shale. The property is partially wooded and offers a desirable interior lot location within a cul-de-sac. The annual HOA fee is $800, and the HOA, managed by PKPOA, provides full use of the community facilities. The lot is unzoned and is already subdivided. Detailed directions are available: From Hwy 16, proceed to Gate 3 of the Hills at Pk Hills Blvd. Turn left onto Canyon Wren Loop, go over the hill, and turn right onto Balcones Lane. This property is ideal for developers or investors seeking a prime location with exceptional amenities and breathtaking views. The asking price is $45,000.

Property profile
Verified
Property type Land
Lot 2.01 ac (87,556 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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