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$120,900

TBD FM 228, Grapeland, TX, 75844

On MarketInfo

About this property

Looking for acreage in Grapeland with improvements already in place? This 6.92-acre tract offers a great combination of usable land, established coastal pasture, road frontage, and a convenient location. Whether you're looking for a place for livestock, hay production, recreation, equipment, or a future homesite, this property offers plenty of possibilities. The acreage features established coastal pasture and includes a shop with a dedicated meat cooler, a unique and useful improvement for hunters, ranchers, or anyone needing additional storage and workspace. The property is currently under an agricultural exemption, adding to its appeal for those looking for manageable acreage in the country. With road frontage on FM 228, you'll have convenient access while still enjoying the peace and space of a country setting. Located just outside Grapeland, this property gives you the best of both worlds—close enough to town for everyday conveniences while still having room to spread out and enjoy rural East Texas living. The residence and approximately 2-acre homesite adjoining this property are NOT included in this listing and are being offered separately. This listing is specifically for the 6.92-acre tract and its included improvements, listed at $120,900.

Investor Tools

$0Estimated Mortgage Balance
$120,900Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$725 /month
Positive
Cash Flow Estimate:
$242 /month

Interested in this property?

Jessica Weiterman

East Texas Homes & Land LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Grapeland

TBD FM 228 | Property Details | No Agent List