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Property profile & analytics
OFF-MARKET
Mixed-use properties

23063 Recreation Road 11 Millersview, TX 76862

6.73 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 6.73-acre mixed-use property presents a unique investment opportunity near Lake O.H. Ivie in Millersview, Texas (zip code 76862). Currently utilized for successful cabin rentals, catering to fishermen and recreational enthusiasts, this unrestricted land offers immense potential for expansion and diversification. Two existing cabins generate immediate income, while ample space allows for the addition of more rental units, RV hookups, or other commercial ventures. A partially constructed boat storage building provides a head start on further development. The property boasts stunning lake views and a highly desirable location, situated conveniently on Recreation Road 11, just before Concho Park Marina. The absence of restrictions allows for creative development, making this a truly versatile investment. The asking price is $325,000. This property is ideal for an investor seeking a high-return, multi-faceted venture in a prime recreational area. Don't miss this chance to capitalize on the thriving tourism and recreational activities surrounding Lake Ivie.

Property profile
Verified
Property type Mixed-use properties
Lot 6.73 ac (293,159 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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