Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1603 Vz County Road 2908 Eustace, TX 75124

    View on Map
    Claim this Listing
    New
    For Sale
    $457,000

    Improved Land - Eustace, TX

    Lot size:
    16.00 Acres
    Added:
    May 6, 2026
    Days on Market:
    2
    Last Refresh:
    May 7 at 5:06 am

    Property Features for 1603 Vz County Road 2908

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    R000032215
    Lot size
    16.00 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2012
    Architectural style
    Other

    We can help!

    Listing Contact
    Susan Waterman
    Susan Waterman

    Listing agent Susan Waterman License #0611513

    Listing office McAtee Realty Of Gun Barrel TX 126A W. Main St., Gun Barrel City, TX

    Listing date May 6, 2026

    MLS# 21262367 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.

    HighLights

    • 16‑acre property offering privacy and space.
    • Equipped with a 500‑foot well accessing the Carrizo‑Wilcox aquifer.
    • Established Black Lenoir grapevines, blueberry bushes, and pecan trees.
    • Features both wooded and cleared areas.
    • Built in 2012.
    • Central heating and air conditioning.

    Overview

    Eustace, TX Land with Grapevines

    This approximately 16-acre property offers a blend of natural beauty and open space. The land features both wooded and cleared areas. It includes rows of Black Lenoir grapevines, lush blueberry bushes, and mature pecan trees. A 500-foot well taps into the Carrizo-Wilcox aquifer, providing a source of drinking water. With a well-maintained septic system, the property is suited for a variety of uses. The property is located in Eustace, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vineyards

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Big Box & Wholesale Store Skin Care Clinic Hotel & Motel Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Eustace
    County
    Henderson
    State
    Texas
    Longitude
    -96.0006
    Latitude
    32.3106

    Nearby Similar for Sale

    • $310,000
      4,475 SF

      Versatile Commercial Property on Highway

      Commercial property with flexible space and highway frontage.
      449 HWY 175, Eustace, TX 75124
      View Details
    • $235,000

      Highway Frontage Land in Eustace

      5.66-acre tract on US Highway 175 with high visibility.
      527 US Highway 175, Eustace, TX 75763
      View Details
    • $1,539,500
      5,148 SF

      Versatile Property Near Highway 175

      48-acre property with two residences, ideal for multi-family living.
      419 US Highway 175 W, Eustace, TX 75124
      View Details
    • $248,000
      1,344 SF

      Eustace Homestead with Metal Building

      8-acre homestead with a metal building and endless possibilities.
      9960 County Road 2813, Eustace, TX 75124
      View Details
    • $248,000
      1,344 SF

      Eustace Homestead: 8 Acres, Home

      8-acre homestead with a manufactured home and metal building.
      9960 CR 2813, Eustace, TX 75124
      View Details
    • $140,000

      Eustace, TX Unimproved Land

      2.82 acre lot near Cedar Creek Lake.
      000 Lance, Eustace, TX 75124
      View Details
    • $500,000

      25+ Acre Land with Pond

      25.26 acres with pond, utilities, and development potential.
      3843 FM 1256, Eustace, TX 75124
      View Details
    • $350,000

      Cedar Creek Lake Retreat Land

      3.55 acre waterfront land on Cedar Creek Lake.
      7840 Ranchette Road, Eustace, TX 75124
      View Details
    • $235,000

      Prime Acreage on US Highway

      5.66-acre tract on US Highway 175 in Eustace, TX.
      527 HWY 175 E, Eustace, TX 75124
      View Details
    • $500,000

      25.26 Acres of Unimproved Land

      25.26 acres with pond, utilities, and development potential.
      3843 Fm 1256, Eustace, TX 75124
      View Details
    • $305,000

      Eustace, TX Land Opportunity

      10+ acre property near Cedar Creek Lake.
      0 Charlotte Trail, Eustace, TX 75124
      View Details
    • $109,000

      Unrestricted Land with Paved Frontage

      Five-acre unrestricted land tract with paved road frontage in Eustace, TX.
      0 Goodell Lane, Eustace, TX 75124
      View Details

    FAQs

    What type of property is this?
    Vineyard - 16-acre property with grapevines, blueberry bushes, and pecan trees.
    Where is this vineyard located?
    The property is located at 1603 Vz County Road 2908 Eustace, TX.
    What is the asking price?
    The asking price for this property is $457,000.
    What are key features of this property?
    This property features: 16‑acre property offering privacy and space.; Equipped with a 500‑foot well accessing the Carrizo‑Wilcox aquifer.; Established Black Lenoir grapevines, blueberry bushes, and pecan trees.
    (903) 887-5658
    We can help!
    Listing Contact
    Susan Waterman
    Susan Waterman
    Real Estate License ID: 0611513
    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
    1603 Vz County Road 2908, Eustace, TX 75124
    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!