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

    5518 State Highway 198 Canton, TX 75103

    View on Map
    Sponsored
    For Sale
    $1,245,000

    Barndominium,Modern Farmhouse, Farm/Ranch - Canton, TX

    Type:Farm
    Property size:
    1,896 SF
    Lot size:
    27.80 Acres
    Days on Market:
    43
    Last Refresh:
    Mar 14 at 5:06 pm

    Property Features for 5518 State Highway 198

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    1
    APN
    R000004339
    Parking features
    Carport, Garage, Open, Workshop
    Patio and Porch features
    Patio, Porch
    Interior features
    Decorative Lighting, Kitchen Island
    Exterior features
    Covered Patio/Porch, Rv/Boat Parking, Storage, Fence
    Fencing
    Fenced
    Appliances
    Dishwasher, Garbage Disposer, Range, Range - Gas, Washer
    Size
    1,896 SF
    Lot size
    27.80 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1961
    Floors in Building
    1
    Flooring type
    Tile, Tile - Ceramic, Wood
    Roof type
    Composition
    Architectural style
    Modern
    Additional Structures
    RV/Boat Storage, Storage

    We can help!

    Listing Contact
    Brittany Gutierrez

    eXp Realty, LLC (888) 519-7431

    Listing agent Brittany Gutierrez (888) 519-7431 License #0735600

    Listing date Jan 30, 2026

    MLS# 21159549 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    East Texas Vineyard Retreat

    This East Texas retreat, known as Cannon Creek Vineyard, spans 27.8 acres and features improvements suitable for hosting and legacy building. The property has road frontage along TX 198 and FM 1651. A 3-acre pond provides a backdrop for sunsets and outdoor activities. The property includes an approximately 5-acre vineyard with mature vines. A 5,800 square foot tasting room and barn offer potential for entertaining or conversion into a party barn. This structure could also be transformed into a barndo homestead or additional living quarters. The kitchen area has existing electrical and plumbing infrastructure. The main home features original hardwood floors. The acreage allows for the construction of another residence, tiny homes, or a destination-style getaway. Located near Canton’s First Monday Trade Days, the property presents potential for a short-term rental or event concept. The property is positioned for country living and expansion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vineyards

    Suggested Use

    Big Box & Wholesale Store Kitchen & Bath Showroom Clothing & Fashion Store Furniture & Home Goods Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Van Zandt
    State
    Texas
    Longitude
    -95.931884
    Latitude
    32.481468

    Nearby Similar for Sale

    • New
      $999,999
      4,203 SF

      Versatile Estate with Event Potential

      9+ acre estate ideal for residence, venue, or investment.
      1211 Vz County Road 4418, Canton, TX 75103
      View Details
    • $975,000
      2,624 SF

      Equestrian Property with Covered Arena

      10-acre equestrian property featuring a 12,704 sq ft covered arena.
      370 Vz County Road 4134, Canton, TX 75103
      View Details
    • $159,000
      0.38 Acres

      Prime Corner Lot Near Canton

      Commercial property near Canton, TX, with potential for various ventures.
      281 E Goshen St, Canton, TX 75103
      View Details
    • $250,000
      500 SF

      Canton Retail with Owner Financing

      Retail property in Canton, TX with owner financing available.
      402 E College St, Canton, TX 75103
      View Details
    • $159,000
      4,386 SF

      Canton, TX Commercial Opportunity

      Commercial property near Canton, TX, ideal for various ventures.
      281 E Goshen St, Canton, TX 75103
      View Details
    • $1,265,000
      3,904 SF

      Canton, TX Multi-Use Estate

      92.14-acre property with a home and entertainment venue.
      1210 Vz County Road 2316, Canton, TX 75103
      View Details
    • $675,000
      1.50 Acres

      Canton Retail Opportunity on Highway

      High-traffic location near fairgrounds with development potential.
      24700 Highway 64, Canton, TX 75103
      View Details
    • $2,985,000
      5,600 SF

      96-Acre Canton Estate

      96-acre Canton, TX property with main home, barndominium, and outbuildings.
      1036 Private Road 8905, Canton, TX 75103
      View Details
    • $329,000
      0.35 Acres

      Canton Trade Days Multi-Use Building

      Versatile commercial building with retail space and owner's suite.
      Rows 2 & 3, Canton, TX 75103
      View Details
    • $275,000
      0.29 Acres

      Historic Canton Property with Potential

      Unique property near town square and First Monday Trade Days.
      531 State Hwy 64 Hwy, Canton, TX 75754
      View Details
    • $350,000
      1,540 SF

      Downtown Canton Retro Office Space

      Historic office/retail space in Canton's high-traffic downtown square.
      118 E Dallas St, Canton, TX 75103
      View Details
    • New
      $999,500
      42.24 Acres

      Canton Ranch with Picturesque Pond

      42.24 acres near Canton, TX, ideal for ranching or building.
      Tbd County Rd 2141, Canton, TX 75103
      View Details

    FAQs

    What type of property is this?
    Vineyard - 27.8-acre vineyard with tasting room near Canton's Trade Days.
    Where is this vineyard located?
    The property is located at 5518 State Highway 198 Canton, TX.
    What is the asking price?
    The asking price for this property is $1,245,000.
    What are key features of this property?
    This property features: - 27.8 acre property featuring a **5-acre vineyard with mature vines**, offering immediate enjoyment and potential for expansion.; - **Impressive 5,800 SF tasting room & barn** with potential for conversion into a barndo, living quarters, or event space.; - 3-acre pond providing a scenic backdrop for recreation and gatherings.
    (469) 371-9478
    Request Owner's contact information
    5518 State Highway 198 Canton, TX 75103
    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.
    5518 State Highway 198
    Canton, TX 75103
    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
    5518 State Highway 198 Canton, TX 75103
    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

    We can help!
    Listing Contact
    Brittany Gutierrez
    Real Estate License ID: 0735600
    (469) 371-9478 (888) 519-7431
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!