Sign Up Successful!
You now have access to more from Realmo!
    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

    949 County Road 777, Unit 5 Devine, TX 78016

    Sponsored
    For Sale
    $95,000

    LAND - Devine, TX

    Lot size:
    2.00 Acres
    Days on Market:
    34
    Last Refresh:
    Feb 8 at 7:06 pm

    Property Features for 949 County Road 777

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OCL
    Lot size
    2.00 Acres

    We can help!

    Listing Contact
    Mike Gutierrez

    Bray Real Estate Group (214) 448-8961

    Listing agent Mike Gutierrez (972) 374-9994

    Listing date Jan 6, 2026

    MLS# 1884439 Listing URL

    Copyright © 2026 LERA MLS. 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

    Unrestricted Land in Devine, TX

    This is a 2-acre lot located in Devine, TX. The property is unrestricted, offering flexibility for various uses. Mobile homes, horses, and livestock are allowed. Water is available at the street, and electricity is nearby. It is suitable for building a dream home or placing a manufactured home, offering space, privacy, and country living without HOA restrictions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Devine
    County
    Medina
    State
    Texas
    Longitude
    -98.858696
    Latitude
    29.13644

    Nearby Similar for Sale

    • New
      $797,000
      Pending

      38-Acre Ranch with Two Homes

      Multifamily property with two homes on 38 acres.
      1185 County Road 7718, Devine, TX 78016
      View Details
    • $139,900
      1,369 SF

      Devine, TX Duplex Investment

      Income-producing duplex on a large lot, move-in ready.
      897 Zig Zag Ave, Devine, TX 78016
      View Details
    • Contact for pricing
      Pending

      Land For Sale, Devine, TX

      Land available in Devine, Texas.
      808 Chapa, Devine, TX 78016
      View Details
    • $980,420

      Frio County Equestrian Estate

      Custom home with equestrian facilities on 13.2 acres.
      16489 Fm 472, Devine, TX 78016
      View Details
    • $3,500,000

      Pristine South Texas Hunting Ranch

      Low-fenced hunting ranch near San Antonio with development potential.
      000 Crk 765, Devine, TX 78016
      View Details
    • $280,000

      Commercial Building For Automotive Use

      Commercial building suitable for automotive use or redevelopment.
      710 N Teel Aly, Devine, TX 78016
      View Details
    • $3,300,000

      207 Acre Estate with Custom Home

      Private estate with custom home, barn, and recreational opportunities.
      1343 S Fm 1343, Devine, TX 78016
      View Details
    • $720,000

      Texas Ranch with Ag Exemption

      35.409-acre ranch in Medina County, featuring a four-bedroom home.
      2198 Crk 653, Devine, TX 78016
      View Details
    • $225,000
      1,465 SF

      Retail/Restaurant Opportunity in Devine, TX

      Retail or restaurant space on Devine's main thoroughfare.
      301 S Teel Dr, Devine, TX 78016
      View Details
    • $89,900

      Commercial Shop in Growing Town

      Commercial shop with potential in a growing small town.
      416 Bowman Ave, Devine, TX 78016
      View Details
    • $310,000

      Commercial Building in Devine

      Commercial building with three suites, currently all rented.
      508 W Hondo Ave, Devine, TX 78016
      View Details
    • $2,400,000
      11,360 SF

      Devine Office Building For Sale

      Office building with 11,360 square feet of space.
      161 County Road 777, Devine, TX 78016
      View Details

    FAQs

    What type of property is this?
    Land - Two acres of unrestricted land ready for your vision.
    Where is this land located?
    The property is located at 949 County Road 777, Unit 5 Devine, TX.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: - 2 Acres of Unrestricted Land; - Suitable for Building a Home or Placing a Manufactured Home; - Mobile Homes, Horses, and Livestock Allowed
    (210) 396-3449
    Request Owner's contact information
    949 County Road 777, Unit 5 Devine, TX 78016
    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.
    949 County Road 777, Unit 5
    Devine, TX 78016
    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
    949 County Road 777, Unit 5 Devine, TX 78016
    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
    Mike Gutierrez
    (210) 396-3449
    Learn more
    Google sign-in failed. Please try again or use another login method.