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    638 Rock Creek Rd Gordonville, TX 76245
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    638 Rock Creek Rd Gordonville, TX 76245

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    • Agricultural land / Farmland
    For Sale
    $1,650,000
    View Listing →
    Land Near Lake Texoma For Sale
    $1,650,000
    55.00 Acres

    Land Near Lake Texoma

    55 acres of land near Rock Creek Golf Course.

    638 Rock Creek Rd, Gordonville, TX 76245
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    Property ID
    US82-5271322
    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

    • Agricultural land / Farmland

    Property Details for 638 Rock Creek Rd

    Property type
    Agricultural land / Farmland
    Property subtype
    Commercial real estate

    Description

    The perfect opportunity to to either develop or create your dream ranch less than 5 minutes from Lake Texoma. Located across the street from Rock Creek Golf Course, Resort and Community. You get all the benefits with none of the restrictions. 55 total acres for sale or can build your dream home on one of the 4 one acre platted parcels along Rock Creek Rd or the 50 acres behind.

    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
    Gordonville
    County
    Grayson
    State
    Texas
    Longitude
    -96.8966765
    Latitude
    33.8209802

    Comparable in this City

    • $4,263,234
      123.57 Acres

      123+ Acre Estate with Lake

      Sprawling 123+ acre property with lake and development potential.
      Tbd 123.57 Acres Rock Crk Rd, Gordonville, TX 76245
      View Details
    • $3,199,140
      106.64 Acres

      106 Acres on US Highway

      106 acres with highway frontage near Lake Texoma.
      106 Acres Us Hwy 377, Gordonville, TX 76245
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    • $1,070,040
      35.67 Acres

      Land with Highway Frontage

      35.668 acres with highway frontage near Lake Texoma.
      35+ Acres Us Hwy 377, Gordonville, TX 76245
      View Details
    • $935,328
      29.23 Acres

      29 Acres Near Lake Texoma

      29+ acre land parcel near Rock Creek Golf Course.
      178 Williams Rd, Gordonville, TX 76245
      View Details
    • $1,000,000

      Gordonville Ranch For Sale

      50.4 acre ranch with 4 bed, 3 bath home.
      1073 Gordonville Rd, Gordonville, TX 76245
      View Details
    • $1,522,590
      50.75 Acres

      50+ Acres Highway Frontage Land

      50.75 acres with Hwy 377 Frontage near Lake Texoma.
      50+ Acres Us Hwy 377, Gordonville, TX 76245
      View Details

    Similar Nearby for Sale

    • $4,263,234
      123.57 Acres

      123+ Acre Estate with Lake

      Sprawling 123+ acre property with lake and development potential.
      Tbd 123.57 Acres Rock Crk Rd, Gordonville, TX 76245
      View Details
    • $3,199,140
      106.64 Acres

      106 Acres on US Highway

      106 acres with highway frontage near Lake Texoma.
      106 Acres Us Hwy 377, Gordonville, TX 76245
      View Details
    • $1,070,040
      35.67 Acres

      Land with Highway Frontage

      35.668 acres with highway frontage near Lake Texoma.
      35+ Acres Us Hwy 377, Gordonville, TX 76245
      View Details
    • $935,328
      29.23 Acres

      29 Acres Near Lake Texoma

      29+ acre land parcel near Rock Creek Golf Course.
      178 Williams Rd, Gordonville, TX 76245
      View Details
    • $1,000,000

      Gordonville Ranch For Sale

      50.4 acre ranch with 4 bed, 3 bath home.
      1073 Gordonville Rd, Gordonville, TX 76245
      View Details
    • $1,522,590
      50.75 Acres

      50+ Acres Highway Frontage Land

      50.75 acres with Hwy 377 Frontage near Lake Texoma.
      50+ Acres Us Hwy 377, Gordonville, TX 76245
      View Details
    View Listing
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    Gordonville, TX 76245
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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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