Rural Equestrian and Development
2040 Erwin Road Poolville, TX 76487
2040 Erwin Road, Poolville, TX, 76487
$595,000
For Sale
$595,000
LAND - Poolville, TX
Property Size2,569 SF
Lot Size16.31 Acres
Price / SF$231.61
Days on Market194
Property Features for 2040 Erwin Road
General Information
- Property type
- Land
- Property subtype
- Other
- Vegetation
- Cleared
- Standard status
- Active
- APN
- R000046710
- Lot size
- 16.31 Acres
Utilities
- Sewer type
- Aerobic Septic
Building Details
- Additional Structures
- Barn(s)
Listing Agency
Compass RE Texas, LLC.
(214) 814-8100
Dallas, TX
Listed by
Kyle Graham · License #0667764
(214) 814-8100
Added: Jan 7 Checked: Jul 20 at 1:06 pm
MLS# 20829481
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.
Investment Insights
Based on property information with market context.
This for-sale land offering in Poolville, Texas combines usable improvements with clear development optionality. The property includes a 2,569-square-foot two-story primary residence with three bedrooms and two and a half baths, plus views of the surrounding countryside. Supporting structures include a 30’ x 40’ metal shop building with 200-amp power, and a second 30’ x 40’ metal building designed with three horse stalls, a secondary pole barn, and two shipping containers. A manufactured home on-site adds further versatility for rental income or multi-generational living.
The site is set on 16.31 acres with paved frontage on Erwin Road. Utilities include two water wells, a septic system, electric hookups, central heat and air, and internet availability, along with a propane tank for gas service. The property is described as not being in a floodplain, and it is noted as having no zoning restrictions.
With no zoning restrictions and existing agricultural infrastructure, this is well suited for buyers looking for a horse property, hobby farm, or a primary residence paired with on-site workspace. The current layout also supports business use and potential commercial or mixed-use development, depending on an operator’s plan and approvals.
The site is set on 16.31 acres with paved frontage on Erwin Road. Utilities include two water wells, a septic system, electric hookups, central heat and air, and internet availability, along with a propane tank for gas service. The property is described as not being in a floodplain, and it is noted as having no zoning restrictions.
With no zoning restrictions and existing agricultural infrastructure, this is well suited for buyers looking for a horse property, hobby farm, or a primary residence paired with on-site workspace. The current layout also supports business use and potential commercial or mixed-use development, depending on an operator’s plan and approvals.
Key Highlights
- 16.31‑acre property in Parker County with paved frontage on Erwin Road, near Weatherford.
- 2,569 SF two‑story primary residence with 3 bedrooms and 2.5 baths.
- Multiple outbuildings: one 30' x 40' metal shop with 200‑amp power, plus a second 30' x 40' metal building with 3 horse stalls.
Local Financial Insights For Warehouse
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 | $23.1k | $9.00 |
| − Vacancy | −$2.1k | −$0.82 |
| EGI | $21.0k | $8.18 |
| − OpEx | −$3.2k | −$1.23 |
| NOI | $17.9k | $6.95 |
2,569 SF · lease $9.00/SF/yr · vacancy 9.10% · expense 15.00%
Alternative Uses
Best Use
Industrial
$2.55M
$2.23M – $2.98M
NOI $178,690 @ 7.0% cap · market cap 30.03%
Second Best
Warehouse
$255.2K
$223.3K – $297.7K
NOI $17,864 @ 7.0% cap · market cap 3.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Horse & equestrian properties
Similar For Sale Nearby
FAQs
What type of property is this?
Horse & equestrian property - A 16-acre property with a residence, metal shops, horse stalls, and paved road frontage for flexible agricultural or mixed-use plans.
Where is this horse & equestrian property located?
The property is located at 2040 Erwin Road Poolville, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 16.31‑acre property in Parker County with paved frontage on Erwin Road, near Weatherford.; 2,569 SF two‑story primary residence with 3 bedrooms and 2.5 baths.; Multiple outbuildings: one 30' x 40' metal shop with 200‑amp power, plus a second 30' x 40' metal building with 3 horse stalls.
