1856 Fm 223 Rd Shepherd, TX 77371
This exceptional 40.373-acre property in Shepherd, Texas (San Jacinto County, zip code 77371), offers a unique blend of commercial, farm, and residential opportunities. The property includes a meticulously maintained 2080+ sq ft home featuring two large bedrooms, a fireplace, elegant tile flooring, and custom maple kitchen cabinets. An oversized garage/shop with a 18x38' roll-up door is perfect for projects or storage. Outdoor amenities are abundant, including a pool, covered back porch, two carports, an RV cover with a 30-amp plug, a recently painted 46x50' barn with covered stalls and a feed room, a 20x60' hay barn, and a large insulated well house. Multiple pastures, water sources, three entrance points, prime hunting locations, and scenic walking trails enhance the property's appeal. The land is AG Exempt for cattle and hay, providing additional tax benefits. Convenient access to Highway 59 adds to its strategic location. Priced at $775,000, this versatile property presents a compelling investment opportunity.
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
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.