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    114 Barkley Rd Bullard, TX 75757

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    114 Barkley Rd Bullard, TX 75757

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    Lake Palestine Waterfront Lot For Sale
    Contact for pricing
    0.08 Acres

    Lake Palestine Waterfront Lot

    Cleared lot in gated community with lake access and amenities.

    114 Barkley Road, Bullard, TX 75757
    View Listing
    Property ID
    US83-2645020
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 114 Barkley Rd

    Property type
    Residential land & home lots
    Property subtype
    Waterfront Land

    Description

    Elegment Land: Your Destination for Quality Real Estate in Cherokee County, Texas Explore the tranquility of lakefront living in Shadybrook, a gated residential community nestled on the southeastern shores of Lake Palestine in northern Cherokee County, Texas. Renowned for its breathtaking sunsets, Lake Palestine spans 26,000 acres, offering an array of recreational activities including fishing, sailing, and water sports. This exclusive community is conveniently situated just 20 miles southwest of Tyler, the premier medical center of East Texas, with Dallas only 110 miles to the west and Houston 170 miles to the south. With 1,967 homeowners/lot owners currently residing, now is your chance to secure your slice of paradise on a spacious 0.08-acre lot. Access Lake Palestine from your backyard and envision your dream lake-house awaiting you, with Tyler just a short trip away for shopping or an evening out. Don’t miss this opportunity to embrace the serene lifestyle of East Texas living. This land is Mobile Home and RV friendly ! This property allows: Full-Time RV Living (requires septic) Part-Time/Recreational RV, Motor Home, Portable Camper, Travel Trailer, Mobile Camper camping (no need for septic) Full-Time Mobile Home Full-Time Manufactured Home Full-Time Modular Home Full-Time Single Family House / Site Build Home General building code and land use information can be found here ( LINK ) This land is already CLEARED in the front Enjoy a Range of Community Amenities in Shadybrook Upon purchase, you will become a Shadybrook homeowner. You’ll have access to a range of community amenities, including boat ramps, fishing piers, tennis courts, basketball courts, swimming pools, and a club house. This community is served by the highly-regarded Bullard Independent School District and is just a short drive from Tyler, the medical center of East Texas. The City of Tyler has three major medical centers, including two with helicopter service, and Trinity Mother Francis Medical Clinic is just a few miles away. Fire protection is provided by the Lake Palestine East Volunteer Fire Department and the Bullard Fire Department. In terms of shopping and dining, the City of Tyler has a wide range of options, as do the nearby cities of Bullard and Flint. The Tyler Pounds Regional Airport is also nearby, with frequent flights to Dallas and Houston. Contact Elegment Land today to learn more and schedule a visit this beautiful 0.08 acre RV lot for sale near Dallas TX. Lake Palestine: Access Lake Palestine from your backyard! Located about 15 miles southwest of Tyler, Texas, on Texas Highway 155, the result of a dam on the Neches River. It has a surface area of 25,560 acres. It is the largest lake in the Tyler area. Lake Palestine offers something for everyone, with boating, skiing, and fishing all being popular activities. The lake is very popular for largemouth bass tournaments due to its consistent success. Both white bass and hybrid striped bass are present; white bass are particularly popular during their spring run up the Neches River and Kickapoo Creeks. Channel and blue catfishes are abundant and flathead catfish provide great opportunity for trophy-sized fish!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bullard
    County
    Smith
    State
    Texas
    Longitude
    -95.3574
    Latitude
    32.1219

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      Lake Palestine Waterfront Land Opportunity

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      Lake Palestine Waterfront Lot

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      Waterfront Lot in Emerald Bay

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    • Contact for pricing

      Lake Palestine Waterfront Lot

      Cleared lot in gated community with lake access and amenities.
      114 Barkley Rd, Bullard, TX 75757
      View Details
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    Bullard, TX 75757
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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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    114 Barkley Rd, Bullard, TX, 75757

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