Ranch-Ready Land with Water
For Sale
$349,000
179 PR 6624, Devine, TX 78016
Land, Devine, TX
Property Size1,680 SF
Lot Size16.95 Acres
Price / SF$207.74
Days on Market114
Property Features for 179 PR 6624
General Information
Property type
Land
Property subtype
Other
Zoning
R
Elementary school
Devine
Middle school
Devine
High school
Devine
Elementary school district
Devine
Middle school district
Devine
High school district
Devine
Subdivision
3000
Standard status
Active
Lot size
16.95 Acres
Taxes and HOA fees
Tax Annual Amount
6333
Listing Agency:
KW Thompson Houston Real Estate · Keller Williams Realty
(830) 663-1113
Listed By:
Misty Thompson · License #555966
(210) 696-9996
Added: Jun 23
Changed: Aug 19
Last Checked: Oct 14 at 1:06AM
MLS# 1918433
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.
Investment Insights
Based on property information with market context.
This offering is a 16.95-acre tract in Texas designed for ranch use and flexible residential expansion. The property includes two water wells and a water meter, along with cattle pens and full fencing. It also features three mobile home pads, providing established areas for additional housing. A 1,680-square-foot home is currently on site, giving buyers an existing residence as they plan future improvements.
The land is located just outside the heart of Devine in Medina County, offering country space while keeping access to the town. The combination of on-site water infrastructure, fencing, and pens supports day-to-day livestock activities without requiring immediate new site work.
For buyers seeking a property that can support both living and light ranch operations, the improvements here are built in. The water wells and fenced areas can support cattle care, while the mobile home pads offer options for accommodating extended family or future tenants, subject to applicable requirements. With an existing home already in place, this tract can function as a ready-to-use base while you evaluate long-term plans for the remaining acreage.
The land is located just outside the heart of Devine in Medina County, offering country space while keeping access to the town. The combination of on-site water infrastructure, fencing, and pens supports day-to-day livestock activities without requiring immediate new site work.
For buyers seeking a property that can support both living and light ranch operations, the improvements here are built in. The water wells and fenced areas can support cattle care, while the mobile home pads offer options for accommodating extended family or future tenants, subject to applicable requirements. With an existing home already in place, this tract can function as a ready-to-use base while you evaluate long-term plans for the remaining acreage.
Key Highlights
- Over 16 acres of land just outside Devine, TX
- Includes a 1,680 SF home for expansion or customization
- Two water wells plus a water meter on‑site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,969
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,380
$299.4K
Cap Rate 7%
$213,843
$213.8K
Cap Rate 9%
$166,322
$166.3K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$30.2K $18.00/SF
− Vacancy
−$3.0K −$1.80/SF
EGI
$27.2K $16.20/SF
− OpEx
−$12.2K −$7.29/SF
NOI
$15.0K $8.91/SF
Area
Medina County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,380
Cap Rate 7%
$213,843
Cap Rate 9%
$166,322
Alternative Uses
Best Use
Apartment 5plus
$213.8K
$187.1K – $249.5K
NOI $14,969 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$428.5K
$375.0K – $500.0K
NOI $29,998 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 78016, TX
10,530
Population
4,281
Households
2.5
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
158.3 sq mi
ZIP Area
67
Density / Sq Mi
$57,609
Median Household Income
$36,769
Median Earnings
$739
Median Rent
$173,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Ranch-focused acreage with two water wells, fenced cattle pens, and mobile home pads for flexible on-site development.
Where is this residential land & home lot located?
The property is located at 179 PR 6624 Devine, TX.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Over 16 acres of land just outside Devine, TX; Includes a 1,680 SF home for expansion or customization; Two water wells plus a water meter on‑site
