Multi-Residence Event
383 County Road 3672, Springtown, TX 76082
COMMERCIAL - Springtown, TX
Property size:
9,967 SFLot size:
39.26 AcresPrice / SF:
$300/SF- Added:
- May 1, 2026
- Days on Market:
- 50
- Last Refresh:
- Jun 19 at 5:06 pm
Property Features for 383 County Road 3672
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Garage
- Security features
- Security
- Fireplace
- 1
- Standard status
- Active
- APN
- 751667
- Size
- 9,967 SF
- Lot size
- 39.26 Acres
Taxes and HOA fees
- Tax Description
- A-1162 WF FENLEY 33.2400 ACRES & 6.0200 ACRES
- Tax Annual Amount
- 20715
Utilities
- Sewer type
- Septic Tank, Private Sewer
- Heating system
- Fireplace(s), Electric (Heating)
- Cooling system
- Electric, Central Air, Multi Units, Window Unit(s), Ceiling Fan(s)
- Water source
- Private, Well
Building Details
- Year built
- 2011
- Floors in Building
- 1
- Number of units
- 8
- Flooring type
- Combination
- Roof type
- Metal
Listing agent Barbee Harris License #0813308 (817) 312-9545
Listing office Texas Legacy Realty Glen Rose, TX (817) 312-6165
Listing date May 1, 2026
MLS# 20971693
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.
HighLights
- 39.26 gated, fenced, unrestricted acres with no zoning or use restrictions for flexible future development or long‑term ownership
- Multiple permanent structures: 4 full residences plus 4 studio‑style guest units, along with a pool house and a dedicated laundry facility
- Dedicated event center featuring 2 fireplaces, an on‑site bar, and a separate full kitchen with convenient service entrances
- Year built 2011, with improvements added in 2011, 2012, 2014, and 2015; metal roof and garage parking
- On‑site utilities include private well water and septic tank/private sewer
- Outdoor features include a stocked catch‑and‑release pond, walking trails with prayer/meditation areas, and multiple outdoor gathering areas
Overview
Set on gated, fenced, unrestricted acreage with no zoning or use restrictions, this property combines a rural retreat feel with established infrastructure and multiple permanent structures. The improvements include four full residences and four studio-style guest units, along with a pool house and a laundry facility. A dedicated event center anchors the plan, featuring two fireplaces, an on-site bar, and a separate full kitchen with convenient service entrances. Across the grounds, outdoor amenities include covered porches, pergolas and gazebos, firepits, a scenic bridge, and walking trails with prayer and meditation areas, plus multiple gathering spaces.
Located in Springtown, TX in Wise County, the estate is described as being only 36 miles from downtown Fort Worth, with access to local dining, culture, and entertainment including the historic Stockyards and Sundance Square. The property spans 39.26 acres and is offered as real estate only, with no operating business conveyed.
With its open acreage and existing site improvements, the estate may suit a private or multi-generational residence, a retreat or wellness campus, a venue or resort-style development, or a variety of rental concepts ranging from short- to long-term. The property may also support independent leasing of individual buildings for health, beauty, wellness, or professional operators, based on a buyer’s intended use. Outdoor recreation features include a stocked pond for catch-and-release fishing, a putting green, a life-size outdoor chess set, a half-court basketball area, an open field for sports, and two outdoor showers.
Located in Springtown, TX in Wise County, the estate is described as being only 36 miles from downtown Fort Worth, with access to local dining, culture, and entertainment including the historic Stockyards and Sundance Square. The property spans 39.26 acres and is offered as real estate only, with no operating business conveyed.
With its open acreage and existing site improvements, the estate may suit a private or multi-generational residence, a retreat or wellness campus, a venue or resort-style development, or a variety of rental concepts ranging from short- to long-term. The property may also support independent leasing of individual buildings for health, beauty, wellness, or professional operators, based on a buyer’s intended use. Outdoor recreation features include a stocked pond for catch-and-release fishing, a putting green, a life-size outdoor chess set, a half-court basketball area, an open field for sports, and two outdoor showers.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $308.6k | $30.96 |
| − Vacancy | −$33.0k | −$3.31 |
| EGI | $275.6k | $27.65 |
| − OpEx | −$124.0k | −$12.44 |
| NOI | $151.6k | $15.21 |
9,967 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.17M
$1.89M – $2.53M
NOI $151,558 @ 7.0% cap · market cap 5.05%
Second Best
Hotel Hospitality
$892.8K
$781.2K – $1.04M
NOI $62,493 @ 7.0% cap · market cap 2.08%
Theoretical Best
Industrial
$9.90M
$8.67M – $11.55M
NOI $693,267 @ 7.0% cap · market cap 23.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Wedding venues
Location Insight
- Map
- Local Demand
- City
- Springtown
- County
- Parker
- State
- Texas
- Longitude
- -97.779853
- Latitude
- 33.020708
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Gated, fenced acreage with multiple residences and guest units, plus a dedicated event center for flexible ownership.
Where is this apartment building located?
The property is located at 383 County Road 3672 Springtown, TX.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: 39.26 gated, fenced, unrestricted acres with no zoning or use restrictions for flexible future development or long‑term ownership; Multiple permanent structures: 4 full residences plus 4 studio‑style guest units, along with a pool house and a dedicated laundry facility; Dedicated event center featuring 2 fireplaces, an on‑site bar, and a separate full kitchen with convenient service entrances
