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    Turnkey Recreational Waterfront Land Title is generated by Realmo AI

    649 An County Road 1215, Grapeland, TX 75844

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    Claim this Listing
    For Sale
    $1,495,000

    LAND - Grapeland, TX

    Lot size:
    83.65 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    64
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for 649 An County Road 1215

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded, Grassed
    Patio and Porch features
    Deck
    Exterior features
    Deck, Dock, FirePit, GasGrill, OutdoorGrill
    Fireplace
    1
    Standard status
    Active
    APN
    R14752
    Lot size
    83.65 Acres

    Taxes and HOA fees

    Tax Description
    A0036 LEWIS, WASHINGTON BLOCK 264 TRACT 1, 1A
    Tax Annual Amount
    2532

    Utilities

    Utilities
    Propane
    Sewer type
    Aerobic Septic
    Heating system
    Propane (Heating), Fireplace(s)
    Cooling system
    Wall Unit(s), Electric, Central Air, Ceiling Fan(s)
    Water source
    Public
    Water front features
    Waterfront, Lake Front
    Water front
    1

    Building Details

    Year built
    1956
    Additional Structures
    Garage(s)

    We can help!

    Listing Contact
    Alicia Alexander

    Listing agent Alicia Alexander License #0830144

    Listing office Real Estate Station LLC Argyle, TX

    Listing date Apr 1, 2026

    MLS# 21056404 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

    • 83‑acre wooded property with a 10+-acre private lake and waterfront access.
    • Lighted fountain on the lake plus a fishing dock for lake recreation.
    • Renovated main home features 2 bedrooms plus a loft and an oversized family room with panoramic windows.
    • Covered deck overlooks the lake; outdoor features include a fire pit and outdoor grill(s).
    • On‑site guest accommodations: oversized garage with a fully equipped guest house (private bedroom, full bath, and kitchen).
    • 22.5 kW Kohler whole‑home generator; propane utilities with public water and an aerobic septic system. Roof replaced Oct 2025.

    Overview

    Set up for immediate enjoyment, this turnkey wooded property features a 10+ acre private lake with a lighted fountain and a fishing dock. Cleared riding and walking trails wind through the acreage, with a running creek adding natural character. The recreation set-up includes a zip line, and for wildlife management and hunting there are six deer stands and six automatic deer feeders for white-tailed deer and wild hogs.

    Improvements include a beautifully renovated main home with two bedrooms plus a loft. A large covered deck overlooks the lake, and an oversized family room offers panoramic windows framing the water. There is also an oversized garage with a fully equipped guest house, including a private bedroom, full bathroom, and a complete kitchen. Additional durability features include a 22.5 kW Kohler whole-home generator and a laminated asphalt shingle roof replaced in October 2025. Located in Anderson County near County Road 1215, the property is positioned for private, off-the-grid-style living while staying accessible by road.

    Designed as a true recreational ranch and family retreat, the combination of waterfront, trails, and hunting infrastructure supports weekend getaways, long-term residence, or an operator looking for a ready-to-use outdoors destination. The lake-centered layout, coupled with guest accommodations and power backup, helps the property function well for hosting and extended stays.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Grapeland
    County
    Houston
    State
    Texas
    Longitude
    -95.319265
    Latitude
    31.614512

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    FAQs

    What type of property is this?
    Hunting land - Wooded acreage with a private lake, dock, trails, and outfitted deer hunting amenities plus a renovated main home.
    Where is this hunting land located?
    The property is located at 649 An County Road 1215 Grapeland, TX.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: 83‑acre wooded property with a 10+-acre private lake and waterfront access.; Lighted fountain on the lake plus a fishing dock for lake recreation.; Renovated main home features 2 bedrooms plus a loft and an oversized family room with panoramic windows.
    (940) 464-1111
    We can help!
    Listing Contact
    Alicia Alexander
    Real Estate License ID: 0830144
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    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.

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