Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    0000 County Rd 359 Winona, TX 75792

    View on Map
    Claim this Listing
    For Sale
    $3,009,000

    Rural Acreage - Winona, TX

    Lot size:
    354.00 Acres
    Added:
    Jan 21, 2025
    Days on Market:
    448
    Last Refresh:
    Apr 14 at 11:06 pm

    Property Features for 0000 County Rd 359

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    354.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeremy Caruthers

    Listing agent Jeremy Caruthers License #0627529

    Listing office Drake Real Estate & Investments 11621 CR 166, Tyler, TX

    Listing date Jan 21, 2025

    MLS# 25000939 Listing URL

    Copyright © 2026 Greater Tyler Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    354 Acres in Winona, Texas

    This 354-acre property in Winona, Texas, presents opportunities for development, recreation, or investment. The land can be divided into separate tracts. The property features approximately 4,700 feet of frontage on County Road 359, 700 feet on County Road 356, and 2,800 feet on County Road 352. The land is wooded, offering privacy and serving as a habitat for wildlife. Water is provided by Star Mountain Water Supply Company, and electricity is available on-site. Located within Winona Independent School District, the property may be suitable for family-oriented developments or residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Garden Center Clothing & Fashion Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Winona
    County
    Smith
    State
    Texas
    Longitude
    -95.118459
    Latitude
    32.505149

    Nearby Similar for Sale

    • $781,750

      Winona Wetlands Hunting and Recreational Land

      256-acre hunting and recreational property near Winona, TX.
      000 CR 354, Winona, TX 75792
      View Details
    • $595,000

      Versatile 48-Acre Land in Winona

      48 acres suitable for residential, farm, ranch, or commercial use.
      Tbd FM Road 16, Winona, TX 75792
      View Details
    • $110,000

      2.24-Acre Corner Lot in Winona

      Corner lot in Winona ISD with build potential.
      17127 Lux Mundi Ridge, Winona, TX 75792
      View Details
    • $720,000

      Winona, TX Rural Acreage

      40+ acres of versatile rural land in Winona, TX.
      11810 County Rd 3101, Winona, TX 75792
      View Details
    • $47,975

      2.5 Acres Vacant Land, Winona

      2.5-acre vacant lot suitable for a new home.
      Lot 4 FM 757, Winona, TX 75792
      View Details
    • $49,650

      Winona, TX Vacant Land

      2.61 acre lot ready for new home or investment.
      Lot 5 FM 757, Winona, TX 75792
      View Details
    • $1,995,000

      143 Acres with Stocked Lake

      Premier East Texas land with lake, creeks, and road frontage.
      0 FM 16, Winona, TX 75792
      View Details
    • $1,995,000

      East Texas Ranch with Lake

      143-acre Winona, TX ranch featuring a 16-acre stocked lake.
      0 FM 16, Winona, TX 75792
      View Details
    • $44,650

      Cleared Land Ready For Development

      2.35 acre lot near Winona, TX, ready for development.
      Lot 2 FM 757, Winona, TX 75792
      View Details
    • $244,000

      East Texas Land Near Tyler

      Unrestricted 17.7 acres with utilities, road access, and wildlife.
      17584 Fm 1252, Winona, TX 75792
      View Details
    • $191,000

      Winona, TX Rural Acreage

      4.062 acres in Winona, TX, ideal for custom retreat.
      13234 Mountain View Rd S, Winona, TX 75792
      View Details
    • $244,000

      Winona, TX Rural Acreage

      Undeveloped acreage near Tyler State Park with utilities.
      17584 Fm 1252, Winona, TX 75792
      View Details

    FAQs

    What type of property is this?
    Land - Expansive property with unmatched opportunities for development, recreation, or investment.
    Where is this land located?
    The property is located at 0000 County Rd 359 Winona, TX.
    What is the asking price?
    The asking price for this property is $3,009,000.
    What are key features of this property?
    This property features: 354 acres of land offering development, recreation, or investment opportunities.; Divisible into separate tracts, providing versatility.; Approximately 4,700 feet of frontage on County Road 359, 700 feet on County Road 356, and 2,800 feet on County Road 352.
    (903) 581-3737
    We can help!
    Listing Contact
    Jeremy Caruthers
    Real Estate License ID: 0627529
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!