Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3399 Peterson Road S Iowa Park, TX 76367

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    74-acre vineyard and winery with business and residential opportunities.

    Type:Business for Sale, Land
    Lot size:
    74.00 Acres
    Added:
    Aug 23, 2024
    Days on Market:
    610
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 3399 Peterson Road S

    General Information

    Standard status
    Active
    Lot size
    74.00 Acres
    Property subtype
    Business for Sale, Land

    We can help!

    Listing Contact
    Wendy Johnson, ALC

    Listing agent Wendy Johnson, ALC License #0621035

    Listing office Platinum Land Group

    Listing date Aug 23, 2024

    Source Crexi

    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 Platinum Land Group

    Overview

    Horseshoe Bend Cellars Vineyard

    Horseshoe Bend Cellars Vineyard & Winery is a 74-acre property located on the shores of Horseshoe Lake and the Wichita River and Buffalo Creek. This property offers both a countryside lifestyle and a business opportunity. The site includes a tasting room with a balcony, allowing for views of wildlife and flowing waters. A 4-bedroom home is also located on the property, featuring a front porch with a view of the vineyard and a barrel fountain. The tasting room is open Thursday through Sunday.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horseshoe Bend Cellars ... Brewery & Distillery

    Suggested Use

    Real Estate Agency Law Firm Auto Repair Shop Department Store Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Iowa Park
    County
    Wichita
    State
    Texas
    Longitude
    -98.62114
    Latitude
    33.90023

    Nearby Similar for Sale

    • $500,000
      3,750 SF

      Established Liquor Store with Drive-Thru

      Thriving liquor store with drive-thru in high-traffic location.
      111 FM 369, Iowa Park, TX 76367
      View Details
    • $299,900

      Iowa Park Commercial Building

      Commercial building on 1.17 acres in Iowa Park, TX.
      801 N 1st Street, Iowa Park, TX 76367
      View Details
    • $72,500
      2,160 SF

      Versatile Commercial Building in Iowa

      2160 sq ft commercial building suitable for various businesses.
      202 N JACKSON AVENUE, Iowa Park, TX 76367
      View Details
    • $474,900
      2,724 SF

      Two Homes on Two Acres

      Two homes, workshop, barn, pool on approximately two acres.
      1877 N PETERSON ROAD, Iowa Park, TX 76367
      View Details
    • $299,000

      9.85 Acres in Iowa Park

      9.85 acres with road access and redevelopment potential.
      2062 Fm 368 S, Iowa Park, TX 76367
      View Details
    • $299,900
      2,100 SF

      Iowa Park Church Building

      Church building on 1.17 acres in Iowa Park, TX.
      801 N 1ST STREET, Iowa Park, TX 76367
      View Details
    • $625,000
      7,760 SF

      Former Church with Expansion Potential

      Versatile property suitable for various commercial or community uses.
      802 N FIRST STREET, Iowa Park, TX 76367
      View Details
    • $89,000
      63,900 SF

      Iowa Park Acreage Homesite Potential

      1.47-acre tract on Pacific Avenue, Iowa Park, Texas.
      0 N PACIFIC AVENUE, Iowa Park, TX 76367
      View Details
    • $1,142,190

      Texas Ranch Land For Sale

      126.91 acre ranch land with highway access.
      3361 East Hwy 287, Iowa Park, TX 76367
      View Details
    • $5,716,000

      2858 Acres of Unimproved Land

      Large acreage with multiple potential uses near Wichita Falls.
      6213 Headquarters Road, Iowa Park, TX 76367
      View Details
    • $175,000

      19.1 Acres with Mineral Rights

      19.1 acres of land with mineral rights, suitable for various uses.
      0 JOHNSON ROAD, Iowa Park, TX 76367
      View Details
    • $120,000
      63,841 SF

      Residential Lot in Iowa Park

      1.47 acre corner lot with potential for homesites.
      1151 S FM 368, Iowa Park, TX 76367
      View Details

    FAQs

    What type of property is this?
    Vineyard - 74-acre vineyard and winery with business and residential opportunities.
    Where is this vineyard located?
    The property is located at 3399 Peterson Road S Iowa Park, TX.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: 74‑acre vineyard and winery with established brand, award‑winning wines, and loyal club.; Located on Horseshoe Lake, the Wichita River, and Buffalo Creek, offering waterfront views and natural surroundings.; Includes a tasting room and a **4‑bedroom luxury home with vineyard views.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Wendy Johnson, ALC
    Real Estate License ID: 0621035
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!