Mixed-Use Property with Two
For Sale
$740,000
730 County Road 664, Devine, TX 78016
Two residences and multiple outbuildings create flexible live-work, residential, and business-use possibilities on unrestricted land.
Property Size5,391 SF
Lot Size2.00 Acres
Price / SF$137.27
Days on Market55
Property Features for 730 County Road 664
General Information
Standard status
Active
Size
5,391 SF
Lot size
2.00 Acres
Site & Location
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1975
Listing Agency:
TX SOLD, LLC
Listed By:
Melissa Rodriguez
(830) 433-0101
Source:
Drialtor
Added: Aug 21
Changed: Oct 6
Last Checked: Oct 7 at 5:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TX SOLD, LLC
Investment Insights
Based on property information with market context.
This mixed-use property includes two residences on 2 unrestricted acres. One home measures approximately 1,800 square feet with three bedrooms, two full bathrooms, granite countertops, and a refrigerator and stove. The second residence measures approximately 3,592 square feet and includes seven bedrooms, four full bathrooms, a large kitchen, living and dining areas, an office, and an oversized laundry room. Its hardwired fire alarm system includes a central control panel and audible alarms throughout the building. The larger home was previously licensed as an assisted living facility; any future licensing, permitting, zoning, and use requirements require independent verification.
Additional improvements include a two-story barn-style structure with a garage, finished lower level, and unfinished upper level. A separate double-bay metal building has electricity and a commercial sink. Each home has its own electric meter, while municipal water and a water well serve the property. Mature oak, pecan, peach, and pear trees surround the site along a county road, and the property has no city taxes.
Additional improvements include a two-story barn-style structure with a garage, finished lower level, and unfinished upper level. A separate double-bay metal building has electricity and a commercial sink. Each home has its own electric meter, while municipal water and a water well serve the property. Mature oak, pecan, peach, and pear trees surround the site along a county road, and the property has no city taxes.
Key Highlights
- Two homes on 2 unrestricted acres
- Home 1: approximately 1,800 sq. ft., 3 bedrooms, and 2 full bathrooms
- Home 2: approximately 3,592 sq. ft., 7 bedrooms, and 4 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,034
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$960,680
$960.7K
Cap Rate 7%
$686,200
$686.2K
Cap Rate 9%
$533,711
$533.7K
Market Conditions
NOI Build-Up for 5,391 SF
Gross rent
$97.0K $18.00/SF
− Vacancy
−$9.7K −$1.80/SF
EGI
$87.3K $16.20/SF
− OpEx
−$39.3K −$7.29/SF
NOI
$48.0K $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%
$960,680
Cap Rate 7%
$686,200
Cap Rate 9%
$533,711
Alternative Uses
Best Use
Office B
$1.05M
$918.4K – $1.22M
NOI $73,473 @ 7.0% cap · market cap 9.93%
Second Best
Mixed Use
$1.02M
$889.5K – $1.19M
NOI $71,161 @ 7.0% cap · market cap 9.62%
Theoretical Best
Office A
$1.38M
$1.20M – $1.60M
NOI $96,261 @ 7.0% cap · market cap 13.01%
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
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7
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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residences and multiple outbuildings create flexible live-work, residential, and business-use possibilities on unrestricted land.
Where is this mixed-use property located?
The property is located at 730 County Road 664 Devine, TX.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Two homes on 2 unrestricted acres; Home 1: approximately 1,800 sq. ft., 3 bedrooms, and 2 full bathrooms; Home 2: approximately 3,592 sq. ft., 7 bedrooms, and 4 full bathrooms
