Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Ranch with Barn and Ponds Title is generated by Realmo AI

    1551 Wilson Bend Road, Millsap, TX 76066

    View on Map
    Claim this Listing
    For Sale
    $2,500,000

    LAND - Millsap, TX

    Lot size:
    73.08 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    84
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for 1551 Wilson Bend Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R000058699,
    Lot size
    73.08 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 73.080 ABST: 1545 SURVEY: T & P RR CO
    Tax Annual Amount
    1872

    Utilities

    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Michael Lee

    Listing agent Michael Lee License #0335977

    Listing office Premier Properties MINERAL WELLS, TX

    Listing date Mar 12, 2026

    MLS# 21139287 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

    • 73+ acre ranch south of Millsap in Parker County horse country
    • Rolling pastures with improved grasses, plus scattered mature oak and pecan trees
    • Three ponds to provide livestock water
    • Cross‑fenced into functional pastures with excellent perimeter and interior fencing
    • 100' x 50' barn with electricity and water, plus working pens and multiple outbuildings
    • Septic tank on site; seller may finance with 10% down at 5% rate

    Overview

    Ranch property offered for sale featuring rolling pastures and scattered mature oak and pecan trees, with improved grasses supporting productive grazing. The acreage is cross-fenced into functional pastures, backed by excellent perimeter and interior fencing to support efficient livestock management. Water is provided by three ponds, enhancing day-to-day reliability for horses or cattle.

    The ranch includes working pens for handling and turnout, along with a 100' x 50' barn equipped with electricity and water. Additional outbuildings offer space for equipment storage, hay, or other ranch needs. The property is positioned just south of Millsap in Parker County, offering a balance of convenience and privacy that’s typical of horse and cattle country.

    This setup is well-suited for an operator looking for an already-improved rural base for a horse boarding program, a breeding and training operation, or a cattle operation that values practical fencing and water distribution. For buyers considering financing options, the seller indicates seller may finance with 10% down and a 5% rate.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Big Box & Wholesale Store Food Market Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Millsap
    County
    Parker
    State
    Texas
    Longitude
    -98.0295798
    Latitude
    32.7601803

    Nearby Similar for Sale

    • $325,000

      Self Storage Facility Investment

      Well-positioned self storage asset with capacity upside and potential for added dry and enclosed units.
      665 Old Millsap Road, Millsap, TX 76066
      View Details
    • $4,250,000

      Specialty Property on Acreage

      Specialty property for sale on approximately 20 acres in Millsap, Texas.
      351 My Lane, Millsap, TX 76066
      View Details
    • $950,000
      2,535 SF

      Millsap Horse Property with Exquisite Home

      Rare 10-acre horse property with updated home and amenities.
      4962 S Fm 113, Millsap, TX 76066
      View Details
    • $2,898,000
      27,725 SF

      Warehouse on 10 Acres

      27,725 SF warehouse on 10 acres with tenant.
      398 Meeks Bend, Millsap, TX 76066
      View Details
    • $1,100,000
      3,501 SF

      New Flex Space For Sale

      Newly constructed flex warehouse space with convenient interstate access.
      4916 Fairview Road, Millsap, TX 76066
      View Details
    • $2,898,000
      27,725 SF

      Warehouse Building on 10 Acres

      27,725 Sq. Ft. warehouse on 10 acres for sale.
      398 Meeks Bend, Millsap, TX 76066
      View Details
    • $1,550,000

      Millsap Ranch with Stone Home

      Private ranch featuring a unique stone home and outdoor amenities.
      Millsap, TX 76066
      View Details
    • $2,450,000
      2,639 SF

      Turn-Key Horse Performance Property

      Ready to move in and ride 31+ acre property.
      990 Doss Road, Millsap, TX 76066
      View Details
    • $16,492,000
      73,247 SF

      Millsap, Texas Industrial Investment Property

      NNN leased GEODynamics investment property with over 5 years remaining.
      10400 I-20, Millsap, TX
      View Details

    FAQs

    What type of property is this?
    Ranch - Turnkey Parker County ranch with cross-fenced pastures, three ponds, and a 100-by-50 barn for horses or cattle.
    Where is this ranch located?
    The property is located at 1551 Wilson Bend Road Millsap, TX.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 73+ acre ranch south of Millsap in Parker County horse country; Rolling pastures with improved grasses, plus scattered mature oak and pecan trees; Three ponds to provide livestock water
    (940) 325-9555
    We can help!
    Listing Contact
    Michael Lee
    Real Estate License ID: 0335977
    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

    Thank You for Inquiry
    1551 Wilson Bend Road, Millsap, TX 76066
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!