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

    38 Groveton Flat Prairie Rd Groveton, TX 75854

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Pending
    $128,000

    New rural tracts with road frontage in a quiet area.

    Lot size:
    16.00 Acres

    Property Features for 38 Groveton Flat Prairie Rd

    General Information

    Property type
    Farm and Ranch Properties
    Standard status
    Pending
    Lot size
    16.00 Acres

    We can help!

    Listing Contact
    Andy Flack
    Andy Flack
    Source: Elliman

    Listing Agency: HOMELAND PROPERTIES, INC Listing Agent: Andy Flack

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Rural Tracts on Westville Road

    This is the first time these new rural tracts are being offered on the open market. The property is located in a quiet, low-traffic area and features public county road frontage on Westville Road and Groveton Flat Prairie Road. The topography is gently rolling and sloping, with loamy-type soils. The land is high and dry. Managed, thinned pine trees are present, with hardwoods mixed in the creek drains. Some areas are more open than others. Electricity is available along Westville Road up to the southeast corner of T-38. There are no known pipelines or well sites.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Groveton
    County
    Trinity
    State
    Texas
    Longitude
    -95.176269
    Latitude
    31.087263

    Nearby Similar for Sale

    • $395,000
      5,500 SF

      Groveton Industrial Building with Offices

      Commercial building with shop and office space on corner lot.
      298 W 1St St, Groveton, TX 75845
      View Details
    • $299,000
      5,400 SF

      Downtown Groveton Commercial Building

      Commercial building suitable for daycare, medical facility, or office.
      433 West 1St St, Groveton, TX 75845
      View Details
    • $377,000

      Groveton Fenced Pasture with Barn

      Fenced Groveton property with barn, pond, and cattle pens.
      998 E 1St St, Groveton, TX 75845
      View Details
    • $432,000

      Groveton Land on Boontown Road

      Quiet, gently sloping land with managed pine trees.
      33 Boontown Rd, Groveton, TX 75845
      View Details
    • $492,000

      Groveton Land Tract For Sale

      Quiet, high and dry land tract in Groveton, Texas.
      32 Boontown Rd, Groveton, TX 75845
      View Details
    • $522,000

      Groveton Land Tract For Sale

      Quiet, gently sloping land tract with managed pine trees.
      31 Boontown Rd, Groveton, TX 75845
      View Details
    • $380,000

      Unrestricted Land with Dual Septic

      11.62 acres with ponds, septic systems, and commercial potential.
      2107 W Us Highway 287, Groveton, TX 75845
      View Details
    • $750,000

      Established Feed and Fertilizer Business

      Long-standing feed and fertilizer business on 4+ acres.
      648 Old Railroad St, Groveton, TX 75845
      View Details
    • $377,000

      Groveton Fenced Pasture with Barn

      Fenced Groveton property with barn, pond, and cattle pens.
      998 E 1St St, Groveton, TX 75845
      View Details
    • $399,900

      42.5 Acres Corner Property Groveton

      42.5-acre corner property perfect for residential, commercial, or recreational use.
      Fm 3317, Groveton, TX 75845
      View Details
    • $403,980

      Highway Frontage Agricultural Land

      Land with highway frontage, creek, and utilities for sale.
      023 State Highway 94, Groveton, TX 75845
      View Details
    • $731,500

      Groveton Land Tract For Sale

      Land tract with highway access, mature trees, and utilities.
      30 Meshell Rd, Groveton, TX 75845
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - New rural tracts with road frontage in a quiet area.
    Where is this agricultural land / farmland located?
    The property is located at 38 Groveton Flat Prairie Rd Groveton, TX.
    What is the asking price?
    The asking price for this property is $128,000.
    What are key features of this property?
    This property features: - Quiet, low-traffic rural location with public road frontage.; - Gently rolling/sloping topography with loamy soils, described as 'High and Dry'.; - Managed, thinned pine trees with hardwoods in creek drains.
    (936) 295-2500
    Request Owner's contact information
    38 Groveton Flat Prairie Rd Groveton, TX 75854
    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.
    38 Groveton Flat Prairie Rd
    Groveton, TX 75854
    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
    38 Groveton Flat Prairie Rd Groveton, TX 75854
    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
    Andy Flack
    Andy Flack
    Real Estate License ID: 0344465
    (936) 295-2500
    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!