803 Co Rd Devine, TX 78016
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.