Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Acreage with Pool and Shop Title is generated by Realmo AI

    218 Lcr 793, Groesbeck, TX 76642

    View on Map
    Claim this Listing
    New
    For Sale
    $975,000

    LAND - Groesbeck, TX

    Lot size:
    47.07 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 10:06 am

    Property Features for 218 Lcr 793

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Balcony, Barbecue
    Standard status
    Active
    APN
    R11592
    Lot size
    47.07 Acres

    Taxes and HOA fees

    Tax Description
    A004W J L CHAVERT-WEST, ACRES 47.07
    Tax Annual Amount
    5029

    Utilities

    Sewer type
    Septic Tank

    Building Details

    Year built
    2016

    We can help!

    Listing Contact
    Shannon Dorofeev

    Listing agent Shannon Dorofeev License #0726837

    Listing office DHS Realty PLANO, TX

    Listing date Jun 4, 2026

    MLS# 21290433 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

    • Custom 2BR/2BA home built in 2016 on 47 acres in Texas, with vaulted ceilings and granite countertops
    • Bonus living area upstairs offers flexibility as a home office, media room, or potential 3rd bedroom
    • Sealed concrete flooring, plus spacious utility room and septic tank sewer system
    • Outdoor amenities include an in‑ground saltwater pool and hot tub combo with an expansive deck and cabana
    • Property features 3 ponds and a large spray‑foamed shop with flex space currently used as a personal gym
    • Includes an on‑site efficiency cabin for extended family or guest stays

    Overview

    Set on 47.07 acres in Limestone County, this custom 2BR, 2BA home is designed for comfortable, flexible living. Interior highlights include granite countertops, vaulted ceilings, sealed concrete flooring, and a spacious utility room. A bonus living area upstairs can serve as an office, media room, or be converted into a third bedroom.

    Outside, the property is built for recreation and entertaining. There is an in-ground saltwater pool with a hot tub, an expansive deck, and a cabana, along with room for an outdoor kitchen. The grounds feature three ponds and provide plenty of open space for exploring and everyday enjoyment.

    Additional improvements include a large shop that has been spray-foamed and includes flex space currently used as a personal gym. An on-site efficiency cabin is also available for extended family visits or friends, with options for recreational use. For buyers seeking a self-contained acreage setup that combines a main residence, outdoor amenities, and practical work-and-use space, this property offers a complete, versatile package. The home is located about 108 miles south of DFW, 151 miles north of Houston, and 48 miles east of Waco.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Auto Repair Shop Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Groesbeck
    County
    Limestone
    State
    Texas
    Longitude
    -96.438478
    Latitude
    31.43747

    Nearby Similar for Sale

    • $1,100,000

      Fenced Ranch Land with Ponds

      Large fenced ranch acreage with pasture, trees, ponds, and a creek—well positioned for cattle, recreation, or a future homestead.
      LCR 623, Groesbeck, TX 76642
      View Details
    • $1,887,000

      River-Bottom Pecan Ranch

      Turnkey Central Texas ranch with productive soils, rotational grazing, and a river setting framed by mature pecan trees.
      LCR 412, Groesbeck, TX 76642
      View Details
    • $150,000

      Turnkey Self-Service Car Wash

      Fully renovated facility with new equipment, positioned for strong visibility on a primary entry route into Groesbeck.
      617 N Ellis, Groesbeck, TX 76642
      View Details
    • $149,999

      15 Acres Ranchette in Groesbeck, TX

      15 acres ranchette near Groesbeck, Mexia, and Lake Limestone.
      FM 39, Groesbeck, TX 76642
      View Details
    • $1,100,000
      3,321,972 SF

      Improved Ranch Land in Texas

      76-acre ranch land with improvements for cattle, recreation, hunting.
      296 Lcr 806, Groesbeck, TX 76642
      View Details
    • $1,089,900

      Productive Ranch Near Groesbeck, TX

      Well-maintained 150-acre ranch ideal for livestock, recreation, or homesite.
      303 LCR 626, Groesbeck, TX 76642
      View Details
    • $1,700,000

      Groesbeck Ranch with Hunting Potential

      233+ acre ranch ideal for cattle, hay, or recreation.
      3932 Fm 1245, Groesbeck, TX 76642
      View Details
    • $150,000

      Renovated Car Wash on Highway 14

      Turnkey, fully renovated self-service car wash in high-traffic location.
      617 N Ellis, Groesbeck, TX 76642
      View Details
    • $289,000

      Rural Property Near Waco

      Land with utilities, ponds, and agricultural exemption near Waco.
      4429 Fm 147, Groesbeck, TX 76642
      View Details
    • $230,000

      Retail Space with Drive-Thru

      Retail space with drive-thru on Highway 14 in Groesbeck.
      209 N Ellis St, Groesbeck, TX, 76642-1310
      View Details
    • $170,000

      Secluded RV Park on 2 Acres

      8-space RV park on 2 acres near Waco.
      4202 S Fm 339, Groesbeck, TX 76642
      View Details
    • $240,000

      Freestanding Commercial Building in Groesbeck

      Freestanding building suitable for retail, office, or restaurant tenants.
      102 N Ellis St, Groesbeck, TX 76642
      View Details

    FAQs

    What type of property is this?
    Single family property - 47-acre property with a 2BR home, saltwater pool and hot tub, and a spray-foamed shop with flex gym space.
    Where is this single family property located?
    The property is located at 218 Lcr 793 Groesbeck, TX.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Custom 2BR/2BA home built in 2016 on 47 acres in Texas, with vaulted ceilings and granite countertops; Bonus living area upstairs offers flexibility as a home office, media room, or potential 3rd bedroom; Sealed concrete flooring, plus spacious utility room and septic tank sewer system
    (972) 979-8413
    We can help!
    Listing Contact
    Shannon Dorofeev
    Real Estate License ID: 0726837
    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
    218 Lcr 793, Groesbeck, TX 76642
    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!