Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    48 County Road 2360 Bagwell, TX 75412

    View on Map
    For Sale
    $395,000

    Improved Land - Bagwell, TX

    Lot size:
    49.39 Acres
    Added:
    Mar 20, 2026
    Days on Market:
    15
    Last Refresh:
    Apr 3 at 11:06 pm

    Property Features for 48 County Road 2360

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    01095000000001000
    Lot size
    49.39 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Leah Rolen
    Leah Rolen

    Listing agent Leah Rolen License #0478844

    Listing office Keller Williams Legacy 3600 Preston Rd.Ste 100, TX

    Listing date Mar 20, 2026

    MLS# 21213873 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.

    Overview

    Versatile Land with Development Potential

    This 49.39-acre property in Red River County offers a combination of usability, access, and long-term potential. Fully fenced and well-suited for livestock, the land features a balanced mix of open pasture and wooded acreage that supports both grazing and recreational use. Positioned with road frontage on both FM 195 and County Road 2360, this tract provides accessibility for equipment, trailers, and future improvements. Its location along the direct route between Paris, Texas and Broken Bow, Oklahoma adds to the property’s appeal for those considering investment, recreational use, or future development. The land features a pond and an established network of ATV trails, making it ideal for hunting, riding, and enjoying the outdoors. Existing structures, including a former post office and community center, offer opportunities for storage, workspace, or potential conversion depending on buyer needs. This property offers the space, frontage, and versatility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Restaurant Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Bagwell
    County
    Red River
    State
    Texas
    Longitude
    -95.163408
    Latitude
    33.84262

    Nearby Similar for Sale

    • $949,000
      5,200 SF

      Texas Farm and Ranch Retreat

      70.5-acre property with ponds, living spaces, and recreational amenities.
      2964 FM 2120, Bagwell, TX 75412
      View Details
    • $575,850

      175 Acres of Mixed-Use Land

      Versatile 175-acre tract with timber, water, and wildlife habitat.
      0 County Road 2235, Bagwell, TX 75412
      View Details
    • $609,375

      125 Acre Ranch in Bagwell, TX

      Unimproved 125-acre ranch land with utilities and pond.
      Tbd CR 2142, Bagwell, TX 75412
      View Details
    • $348,000

      60 Acres of Versatile Texas Land

      60 acres in Bagwell, TX, ready for recreation or investment.
      Tbd County Road 2237, Bagwell, TX 75412
      View Details
    • $581,715

      Bagwell, TX Unimproved Ranch Land

      129.27 acre ranch land suitable for livestock or recreation.
      Tbd County Road 2242, Bagwell, TX 75412
      View Details
    • $547,547

      99+ Acre Ranch Tract, Bagwell

      99.554-acre ranch tract ideal for livestock, hunting, or recreation.
      Tbd County Road S. 2242, Bagwell, TX 75412
      View Details
    • $492,273

      109 Acre Ranch Tract, Bagwell

      109-acre ranch land suitable for livestock, hunting, and recreation.
      Tbd County Rd 2242 S., Bagwell, TX 75412
      View Details
    • $362,916

      80 Acres in Red River County

      80-acre ranch land suitable for livestock, hunting, and recreation.
      Tbd County Road 2242 S., Bagwell, TX 75412
      View Details
    • $362,911

      80+ Acre Ranch in Bagwell

      80+ acre ranch land suitable for livestock or recreation.
      Tbd County Rd. 2242 S., Bagwell, TX 75412
      View Details
    • $8,900,000
      6,000 SF

      Red River Frontage Barndominium Ranch

      1270-acre ranch featuring a barndominium with Red River frontage.
      00 FM 410, Bagwell, TX 75412
      View Details
    • $240,000

      40 Acres of Versatile Texas Land

      Recreational and investment land with utilities in place near Bagwell.
      Tbd #2 County Road 2237, Bagwell, TX 75412
      View Details
    • $240,000

      Bagwell, TX Ranch Land

      25+ acre recreational and rural residential property with creek.
      75 County Road 2115, Bagwell, TX 75412
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 49.39 acres in Red River County with road frontage.
    Where is this agricultural land / farmland located?
    The property is located at 48 County Road 2360 Bagwell, TX.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: 50+- acre property suitable for livestock with a mix of open pasture and wooded acreage.; Excellent accessibility with road frontage on FM 195 and County Road 2360.; Pond and established ATV trails ideal for hunting, riding, and outdoor recreation.
    (972) 599-7000
    We can help!
    Listing Contact
    Leah Rolen
    Leah Rolen
    Real Estate License ID: 0478844
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!