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    Productive Ranch Land with River Frontage Title is generated by Realmo AI

    124 Private Road 3209, Bridgeport, TX 76426

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    Claim this Listing
    New
    For Sale
    $7,495,000

    LAND - Other - Bridgeport, TX

    Lot size:
    920.00 Acres
    Added:
    May 29, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 124 Private Road 3209

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Crops, Grassed, Brush, Wooded
    Exterior features
    OutdoorGrill, PrivateEntrance, RainGutters
    Fencing
    Gate, Perimeter, Fenced
    Standard status
    Active
    APN
    739084
    Lot size
    920.00 Acres

    Taxes and HOA fees

    Tax Description
    A-364 A HILL 193.6300 ACRES

    Utilities

    Sewer type
    Aerobic Septic
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Well
    Water front features
    Waterfront, River Front
    Water front
    1

    Building Details

    Year built
    1986
    Architectural style
    Other
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Ashton Theiss

    Listing agent Ashton Theiss License #0642760

    Listing office The Ashton Agency Fort Worth, TX

    Listing date May 29, 2026

    MLS# 21206355 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.

    HighLights

    • 920+/- acres in Wise County with nearly 1.5 miles of frontage along the West Fork of the Trinity River
    • Water features include approx. 17.5‑acre and 8‑acre lakes, plus additional ponds & stock tanks and several creeks
    • Cattle infrastructure includes perimeter and cross fencing, 35k+ SF of barns, and a 40' x 60' metal shop on slab with plumbing
    • Working pens and multiple access points: two separate entrances and an extensive road system across the ranch
    • Three residences: 3,390+/- SF brick home, 2,246+/- SF brick ranch home, and a 2,350+/- SF barndominium built in 2018
    • Homes have central electric HVAC; water source is well and sewer is aerobic septic

    Overview

    McGilvray Bridgeport Ranch offers 920+/- acres of productive ranch land built around strong water, fertile grass, and practical ranch improvements. The property includes nearly 1.5 miles of frontage along the West Fork of the Trinity River, anchored by two substantial lakes measuring approximately 17.5 acres and 8 acres. Additional ponds and stock tanks, along with Big Sandy Creek, Waggoner Branch, and multiple seasonal creeks, enhance water resources and support distribution across the ranch.

    The landscape includes rolling terrain with approximately 70 feet of elevation change, mature hardwoods lining creek and river bottoms, and open pastures with established grasses that support cattle operations and annual hay production. Cattle infrastructure is already in place with perimeter and cross fencing, and there are 35k+ SF of various barns. A 40' x 60' metal shop on slab with plumbing and working pens adds day-to-day functionality.

    Accessibility is flexible with two separate entrances and an extensive internal road system, supporting efficient movement for ranch operations. For residential and operational flexibility, three homes are included: a 3,390+/- SF brick home, a 2,246+/- SF brick ranch home, and a 2,350+/- SF barndominium built in 2018 with garage and shop space. The combination of scale, water, and existing improvements makes this property well-suited for a working cattle ranch, a recreation-focused retreat, or an owner-operated compound that values long-term landholding close to Fort Worth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Wise
    State
    Texas
    Longitude
    -97.699554
    Latitude
    33.2028

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    FAQs

    What type of property is this?
    Ranch - Ranch land with major water features, established grasses, and cattle infrastructure for ongoing grazing and recreation.
    Where is this ranch located?
    The property is located at 124 Private Road 3209 Bridgeport, TX.
    What is the asking price?
    The asking price for this property is $7,495,000.
    What are key features of this property?
    This property features: 920+/- acres in Wise County with nearly 1.5 miles of frontage along the West Fork of the Trinity River; Water features include approx. 17.5‑acre and 8‑acre lakes, plus additional ponds & stock tanks and several creeks; Cattle infrastructure includes perimeter and cross fencing, 35k+ SF of barns, and a 40' x 60' metal shop on slab with plumbing
    (817) 266-1009
    We can help!
    Listing Contact
    Ashton Theiss
    Real Estate License ID: 0642760
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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.

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