Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unrestricted Acreage in Groveton, TX Title is generated by Realmo AI

    877 Josserand Road, Groveton, TX 75845

    View on Map
    Claim this Listing
    For Sale
    $194,238

    17 unrestricted acres with utilities in a peaceful, natural setting.

    Type:Land
    Lot size:
    17.00 Acres
    Added:
    Dec 18, 2024
    Days on Market:
    533
    Last Refresh:
    May 13 at 8:48 pm

    Property Features for 877 Josserand Road

    General Information

    Standard status
    Active
    Lot size
    17.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Adam Olsen
    Adam Olsen

    Listing agent Adam Olsen License #0642075

    Listing office eXp Realty, LLC

    Listing date Dec 18, 2024

    Source Compass

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

    All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC

    HighLights

    • 17 UNRESTRICTED acres offer endless possibilities for residential, commercial, or recreational use.
    • Mostly cleared land with scattered trees provides both open space and privacy.
    • Electricity is on‑site.
    • Rural water is supplied by Woodlake Water.
    • Conventional septic system already in place.
    • Convenient location with easy access to nearby towns and highways.

    Overview

    This property features 17 acres of unrestricted land in a peaceful, natural setting. The land is mostly cleared with scattered trees, offering both open space and a touch of privacy. Electricity is on-site, and rural water is supplied by Woodlake Water. A conventional septic system, approximately 20 years old, is already in place. The property offers potential for building a private retreat, launching a commercial venture, or creating a recreational escape. It is conveniently located with easy access to nearby towns and highways.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Groveton
    County
    Trinity
    State
    Texas
    Longitude
    -95.0900704
    Latitude
    31.0292638

    Nearby Similar for Sale

    • $395,000
      3,500 SF

      Groveton Commercial Property For Sale

      Commercial property featuring shop space, office, and fenced yard.
      298 W 1st Street, Groveton, TX 75845
      View Details
    • $115,000

      Secluded 10-Acre Hunting Land

      Private Groveton, Texas retreat ready for hunting or building.
      Tract 21 Kickapoo Road, Groveton, TX 75845
      View Details
    • $210,000

      20 Acres of Cleared Land

      Unrestricted 20-acre pastureland with pond, near town amenities.
      A00008 Kickapoo Road, Groveton, TX 75845
      View Details
    • $616,000

      88 Acres East Texas Timberland

      88 acres of East Texas timberland with creek and utilities.
      PID 25936 Moore Cemetery Road, Groveton, TX 75845
      View Details
    • $389,000
      1,852 SF

      Mid-Century Home on Pristine Acres

      Southern-style home with ag/timber exemption on 10 acres.
      13953 Fm 357, Groveton, TX 75845
      View Details
    • $850,000

      97 Acres Near National Forest

      97 acre ranch with home, barns, pond, and woods.
      2792 Hwy 287 E, Groveton, TX 75845
      View Details
    • $175,000

      Groveton, TX Land Opportunity

      10 acre land parcel in the Pineywoods of East Texas.
      9770 N State Hwy 94, Groveton, TX 75845
      View Details
    • $270,000

      30 Acres of Recreational Land

      Picturesque 30-acre property with creek, timber, and utilities access.
      PID 25936 Moore Cemetery Road, Groveton, TX 75845
      View Details
    • $579,900

      89.5 Acres in Groveton, TX

      Land with ponds, pasture, and wooded areas near Groveton.
      940 Bill Jones Road, Groveton, TX 75845
      View Details
    • $465,000
      1,352 SF

      Farmhouse on Picturesque Acreage

      Charming farmhouse on 37 acres with ponds and hay meadow.
      868 Rex Bailey Road, Groveton, TX 75845
      View Details
    • $175,000

      East Texas Land Opportunity

      10-acre lots in the Pineywoods of East Texas.
      9770 Highway 94, Groveton, TX 75845
      View Details
    • $377,000

      Fenced Pasture with Barn and Pond

      Fenced Groveton property with barn, pond, and cross-fencing.
      998 East 1st Street, Groveton, TX 75845
      View Details

    FAQs

    What type of property is this?
    Land - 17 unrestricted acres with utilities in a peaceful, natural setting.
    Where is this land located?
    The property is located at 877 Josserand Road Groveton, TX.
    What is the asking price?
    The asking price for this property is $194,238.
    What are key features of this property?
    This property features: 17 UNRESTRICTED acres offer endless possibilities for residential, commercial, or recreational use.; Mostly cleared land with scattered trees provides both open space and privacy.; Electricity is on‑site.
    (936) 689-9123
    We can help!
    Listing Contact
    Adam Olsen
    Adam Olsen
    Real Estate License ID: 0642075
    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

    Thank You for Inquiry
    877 Josserand Road, Groveton, TX 75845
    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!