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    The Largest CRE Database in the US with Over 1 Million Listings

    1333 Private Road 2120 Meridian, TX 76665

    Sponsored
    For Sale
    $340,000

    Craftsman,Ranch,Southwestern, Farm/Ranch - Meridian, TX

    Type:Farm
    Property size:
    1,080 SF
    Lot size:
    5.00 Acres
    Days on Market:
    36
    Last Refresh:
    Jan 27 at 12:06 am

    Property Features for 1333 Private Road 2120

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Property condition
    New Construction
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    1
    APN
    R30867
    Parking features
    Driveway, Gated
    Patio and Porch features
    Patio, Porch
    Interior features
    Cedar Closet(s), Decorative Lighting, Eat-in Kitchen, Flat Screen Wiring, High Speed Internet Available, Kitchen Island, Open Floorplan
    Exterior features
    Awning(s), Covered Patio/Porch, Lighting, Private Entrance, Private Yard, Storage, Fence
    Fencing
    Fenced
    Appliances
    Dryer
    Size
    1,080 SF
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Expense value
    1800
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Electric

    Building Details

    Year built
    2003
    Floors in Building
    1
    Flooring type
    Hardwood
    Building materials
    Cedar
    Roof type
    Metal
    Architectural style
    Craftsman
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Sandra Thomas
    Sandra Thomas

    eXp Realty (888) 519-7431

    Listing agent Sandra Thomas (888) 519-7431 License #0625911

    Listing date Dec 23, 2025

    MLS# 20912310 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Ranch House on Wooded Acreage

    This ranch house is situated on 5 acres shaded by mature Live Oak trees. The 1,080 square foot home features a 6ft wrap-around porch with views of exotic wildlife, including axes deer, whitetails, and wild turkey. The interior is decorated with country and western charm and features an open concept layout. The kitchen, bar, and dining area flow into the living room, which has large floor-to-ceiling windows. The two bedrooms share a jack and jill bathroom. The utility room accommodates a full-size washer, dryer, hot water heater, and HVAC unit. The property includes lofting sheds with electricity suitable for livestock, a metal storage building, and a loafing or storage shed with a water facet. Landowners have access to a 1,025-acre ranch. Residents have access to 650 acres, a skeet range, a 300-yard rifle range, 30 enclosed deer blinds, food plots, a walk-in cooler, a golf driving range, and ATV, hiking, and horse riding trails. The ranch is wooded with vegetation that supports wildlife, including trophy whitetail, axis, red stag, turkey, and dove. Creeks run through the ranch, filling multiple ponds. The home is located towards the back of the ranch, near a stocked pond.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Wholesale Shop Food Market Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Bosque
    State
    Texas
    Longitude
    -97.745895
    Latitude
    31.915937

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    FAQs

    What type of property is this?
    Ranch - Ranch house on 5 acres with access to ranch amenities.
    Where is this ranch located?
    The property is located at 1333 Private Road 2120 Meridian, TX.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: - Enjoy access to 1,025-acre Crossbow Ranch amenities, including 650 acres for recreational use, rifle range, deer blinds, walk-in cooler, and trails.; - 5-acre property featuring mature Live Oak trees, offering ample shade and a serene setting.; - Relax on the wrap-around porch with views of exotic wildlife, including Axis deer and Whitetail deer.
    (888) 519-7431
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    1333 Private Road 2120 Meridian, TX 76665
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    Meridian, TX 76665
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    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
    1333 Private Road 2120 Meridian, TX 76665
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    We can help!
    Listing Contact
    Sandra Thomas
    Sandra Thomas
    Real Estate License ID: 0625911
    (888) 519-7431
    Learn more
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