Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    5-Acre Lot Ready to Build Title is generated by Realmo AI

    3311 CR-308 lot 1, Orange Grove, TX 78372

    View on Map
    Claim this Listing
    For Sale
    $99,900

    LAND - Orange Grove, TX

    Lot size:
    5.64 Acres
    Added:
    Jan 10, 2026
    Days on Market:
    145
    Last Refresh:
    Jun 4 at 8:06 am

    Property Features for 3311 CR-308 lot 1

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    020961
    Lot size
    5.64 Acres

    Taxes and HOA fees

    Tax Description
    KLEIBER S/D LT 1, 5.635 ACS

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Lorraine Elizondo
    Lorraine Elizondo

    Listing agent Lorraine Elizondo License #0453039

    Listing office Corpus Christi Realty Group 5334 Everhart Rd, Corpus Christi, TX

    Listing date Jan 10, 2026

    MLS# 469780 Listing URL

    Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 5‑acre lot provides ample space for your dream home, outdoor living, or gardens.
    • New water well ensures a reliable water source.
    • New septic tank offers a modern waste management system.
    • Ready for dream home: The lot is prepared for immediate construction.
    • Level land and natural contours provide a versatile landscape.
    • Serene and picturesque setting offers a peaceful environment.

    Overview

    This 5-acre lot in Orange Grove, TX, is ready for a new home. The expansive parcel features level land and gentle natural contours, suitable for building a custom residence with space for outdoor living, gardens, or a small hobby farm. It includes a new water well and a new septic tank. The property is located at 3311 CR-308 lot: 1, Orange Grove, TX 78372.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Orange Grove
    County
    Jim Wells
    State
    Texas
    Longitude
    -98.040081
    Latitude
    27.939843

    Nearby Similar for Sale

    • $494,000
      14,740 SF

      Self-Service Car Wash Investment

      Car wash on 1 acre with high traffic visibility.
      547 E Orange Avenue, Orange Grove, TX 78372
      View Details
    • $145,000
      1,500 SF

      High-Traffic Commercial Property in Orange Grove

      Versatile commercial space on a high-traffic street, ideal for laundromat.
      415 E Orange Avenue, Orange Grove, TX 78372
      View Details
    • $795,000

      Mixed-Use Property with Income Streams

      5-acre mixed-use property with multiple income streams and expansion potential.
      176 CR 304, , TX 78372
      View Details
    • $1,375,000
      4,836 SF

      South Texas Ranch Estate

      97.41 acre ranch estate with recreation and hunting.
      625 County Road 303 West, Orange Grove, TX 78372
      View Details
    • $22,500

      One Acre Lot in Texas

      One-acre lot suitable for new construction in Orange Grove.
      Highway 359 lot: 35, Orange Grove, TX 78372
      View Details
    • $79,900

      Commercial Lots on High-Traffic FM 624

      Prime commercial lots with city utilities, ideal for various businesses.
      Orange Ave E FM 624) Lot 6, Orange Grove, TX 78372
      View Details
    • $17,000

      Land in Orange Grove, TX

      Large lot suitable for mobile home or commercial ventures.
      Highway 359 lot: A, Orange Grove, TX 78372
      View Details
    • $40,900

      Residential Land in Orange Grove

      Two adjacent lots ready for new home construction.
      Herschap Street lot: 16-17, Orange Grove, TX 78372
      View Details
    • $494,000
      14,740 SF

      Car Wash on 1.0-Acre Lot

      Self-service car wash with expansion potential on high-traffic highway.
      547 E Orange Ave, Orange Grove, TX
      View Details
    • $39,900

      Orange Grove Acreage with Mobile Homes

      1.65-acre lot suitable for mobile homes in Orange Grove.
      468 Jennifer Loop lot: 1, Orange Grove, TX 78372
      View Details
    • $85,000
      1,700 SF

      Land in Jim Wells County

      2.26 acre lot with utilities and workshop near Orange Grove.
      531 County Road 231 lot: 38, Orange Grove, TX 78372
      View Details
    • $175,000

      20 Acres Raw Land

      20 acres of partially fenced raw land near Orange Grove.
      CR 308 lot: 0, Orange Grove, TX 78372
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5-acre lot with new well and septic tank in Orange Grove.
    Where is this residential land & home lot located?
    The property is located at 3311 CR-308 lot 1 Orange Grove, TX.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: 5‑acre lot provides ample space for your dream home, outdoor living, or gardens.; New water well ensures a reliable water source.; New septic tank offers a modern waste management system.
    (361) 510-1010
    We can help!
    Listing Contact
    Lorraine Elizondo
    Lorraine Elizondo
    Real Estate License ID: 0453039
    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

    Thank You for Inquiry
    3311 CR-308 lot: 1, Orange Grove, TX 78372
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!