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    Winery and Brewery Estate Title is generated by Realmo AI

    675 County Road 497, Dublin, TX 76446

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    Claim this Listing
    For Sale
    $5,000,000

    COMMERCIAL - Dublin, TX

    Lot size:
    20.09 Acres
    Added:
    Jan 7, 2026
    Days on Market:
    147
    Last Refresh:
    Jun 3 at 11:06 am

    Property Features for 675 County Road 497

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    R000023122
    Lot size
    20.09 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3364

    Utilities

    Sewer type
    Aerobic Septic
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Well

    Building Details

    Year built
    2018
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Shawn Stone

    Listing agent Shawn Stone License #668917

    Listing office Keller Williams Brazos West Weatherford, TX

    Listing date Jan 7, 2026

    MLS# 20956785

    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

    • 20‑acre property with 7.5 acres of vineyards for grape growing
    • Winery and brewery includes winemaking and brewing equipment plus cold storage for kegs
    • Tasting room with outdoor seating on a patio, restrooms, and a small kitchen for food prep
    • Includes a portable stage for events, parties, or live music
    • 2018 construction with metal siding and metal roof; concrete flooring
    • On‑site utilities include well water and aerobic septic; central electric HVAC with central air

    Overview

    Lucky Vines Winery and Brewery is a turnkey estate built for wine and beer production and guest experiences. The property includes flourishing vineyard plantings totaling 7.5 acres, supported by state-of-the-art winemaking and brewing equipment. Cold storage for kegs is also in place. The inviting tasting room features restrooms and a small kitchen for food prep, along with outdoor seating on a patio designed for visitors. For programming and gatherings, the property includes a portable stage to support live music and events. A charming 3-bedroom, 1-bath home on-site adds flexibility, with potential to be used as a short-term rental or bridal suite.

    The property is located at 675 County Road 497 in Dublin, TX 76446, in Erath County.

    This is a compelling fit for buyers seeking an operating hospitality and production concept rather than starting from scratch, with vineyard and equipment already in place for tastings and events. The combination of on-site guest space, outdoor patio seating, and expandable event use supports growth in customer visits, private functions, and brand activation. The additional residence offers options for income diversification or dedicated on-site use for an operator.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vineyards

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Department Store Bar & Pub Furniture & Home Goods Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Erath
    State
    Texas
    Longitude
    -98.334501
    Latitude
    32.110087

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    FAQs

    What type of property is this?
    Vineyard - Turnkey winery and brewery with vineyards, production equipment, and a tasting room patio built for events and tastings.
    Where is this vineyard located?
    The property is located at 675 County Road 497 Dublin, TX.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: 20‑acre property with 7.5 acres of vineyards for grape growing; Winery and brewery includes winemaking and brewing equipment plus cold storage for kegs; Tasting room with outdoor seating on a patio, restrooms, and a small kitchen for food prep
    (817) 441-4000
    We can help!
    Listing Contact
    Shawn Stone
    Real Estate License ID: 668917
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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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