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    Hunting and Recreational Land with Ponds Title is generated by Realmo AI

    1878 Feed Road, Bellevue, TX 76228

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    Claim this Listing
    New
    For Sale
    $981,000

    LAND - Bellevue, TX

    Lot size:
    159.44 Acres
    Added:
    Jun 7, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 7 at 4:06 pm

    Property Features for 1878 Feed Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0005175
    Lot size
    159.44 Acres

    Taxes and HOA fees

    Tax Description
    LT 6-7 & 13 AB 194 J HADNOT AB 1080 W S NUCKL
    Tax Annual Amount
    156

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Scott Cleveland

    Listing agent Scott Cleveland License #0605443

    Listing office Texas Landmark Realtors P.O. Box 1122, Decatur, TX

    Listing date Jun 7, 2026

    MLS# 21294327 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

    • 160‑acre property with hunting, fishing, cattle, and recreational uses
    • Rolling topography with high elevation and extensive views
    • Water included: on‑site well and two surface water stock ponds
    • Timber and forage mix with big oak timber and native grass clearings
    • Sandy loam soil suitable for planting improved coastal grass and horses
    • Wildlife habitat noted for quail, whitetail deer, turkey, dove, ducks, and feral hogs

    Overview

    This 159-acre tract is configured for hunting, fishing, cattle, and general recreation, with rolling topography and a mix of big oak timber and native grass clearings. The property includes two stock ponds for surface water and wildlife use, along with a high-elevation feel and open views. On-site utilities include electricity, and there is a water well on the property, with a newer water well located inside a shed.

    The land is located in a rural setting near Bellevue, Texas in Clay County. The parcel is described as well-suited to wildlife habitat, including cover areas with dense timber and plum thickets, and is noted for species such as quail, whitetail deer, turkey, dove, ducks, and feral hogs.

    For buyers seeking a recreational or mixed-use property, the combination of timber cover, native grass clearings, and two surface ponds provides a practical foundation for outdoor recreation and managed grazing. It also offers an existing utility setup that can support a weekend retreat, such as a barndominium-style homesite, or a more permanent countryside residence where water availability and electric service are already present.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Bellevue
    County
    Clay
    State
    Texas
    Longitude
    -98.130894
    Latitude
    33.587084

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    FAQs

    What type of property is this?
    Hunting land - 159 acres with two stock ponds, timber cover, and existing electricity plus a water well for weekend use or a homesite.
    Where is this hunting land located?
    The property is located at 1878 Feed Road Bellevue, TX.
    What is the asking price?
    The asking price for this property is $981,000.
    What are key features of this property?
    This property features: 160‑acre property with hunting, fishing, cattle, and recreational uses; Rolling topography with high elevation and extensive views; Water included: on‑site well and two surface water stock ponds
    (817) 602-7617
    We can help!
    Listing Contact
    Scott Cleveland
    Real Estate License ID: 0605443
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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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