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    803 Co Rd Devine, TX 78016

    For Sale
    Contact for pricing

    36-acre multi-use property near San Antonio.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 36-acre property near Devine, Texas, presents a unique investment opportunity with diverse income streams. Zoned OCL, it boasts ten buildings totaling over 16,600 square feet of versatile space, ideal for a multitude of uses. The property has successfully operated as a private event venue, accommodating 50-500 guests across several pavilions and structures. Its potential extends to short-term rentals, thanks to a dedicated dwelling offering guest privacy. Two separate living quarters, exceeding 3,600 square feet, a pool, and sunroom create an ideal setting for private or corporate retreats. The land's suitability for hunting (whitetail deer) and agriculture (improved irrigated pasture for hay farming, ranching, and horticulture) adds further revenue potential. Significant enclosed and covered storage space (6,000+ sq ft) caters to industrial needs. Located in Medina County, with easy access to San Antonio and major roadways, this turnkey property offers a picturesque setting and strong pro-forma cap rate of 8%. Rent bumps are permitted, making this a compelling owner-user investment with vast possibilities. The property's address is 803 Co Rd 6612, Devine, TX 78016.

    Property Features for 803 Co Rd

    General Information

    Property type
    Specialty properties
    Lot Size
    1,568,160 SF

    Building Details

    Buildings
    10

    HighLights

    • 36‑acre property with ten buildings totaling over 16,600 square feet.
    • Successfully operated as a private event venue accommodating 50‑500 guests.
    • Suitable for short‑term rentals with a dedicated dwelling.
    • Features two living quarters exceeding 3,600 square feet, a pool, and sunroom, ideal for retreats.
    • Land suitable for hunting (whitetail deer) and agriculture (hay farming, ranching, horticulture).
    • Over 6,000 square feet of enclosed and covered storage space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Devine
    County
    Medina
    State
    Texas
    Longitude
    -98.913449760603
    Latitude
    29.173379079234

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    FAQs

    What type of property is this?
    Specialty property - 36-acre multi-use property near San Antonio.
    Where is this specialty property located?
    The property is located at 803 Co Rd Devine, TX.
    What are key features of this property?
    This property features: 36-acre property with ten buildings totaling over 16,600 square feet.; Successfully operated as a private event venue accommodating 50-500 guests.; Suitable for short-term rentals with a dedicated dwelling.
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    803 Co Rd Devine, TX 78016
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    Realmo Value Estimation

    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.

    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.

    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
    803 Co Rd Devine, TX 78016
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