Equestrian Property with Land and
262 N Cheyenne Trail Springtown, TX 76082
262 N Cheyenne Trail, Springtown, TX, 76082
$599,000
For Sale
$599,000
LAND - Springtown, TX
Property Size2,000 SF
Lot Size10.01 Acres
Price / SF$299.50
Days on Market27
Property Features for 262 N Cheyenne Trail
General Information
- Property type
- Land
- Property subtype
- Other
- Vegetation
- Cleared, Grassed
- Fencing
- Fenced
- Fireplace
- 1
- Standard status
- Active
- APN
- 761132
- Lot size
- 10.01 Acres
Taxes and HOA fees
- Tax Description
- LOT PT 56 INDIAN SPRINGS RANCH PH1, 4.000
- Tax Annual Amount
- 7
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Fireplace(s), Central
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Well
Building Details
- Year built
- 2005
- Additional Structures
- Barn(s)
Listing Agency
eXp Realty, LLC
(888) 519-7431
Austin, TX
Listed by
Kelli Frost Boyd · License #0730726
(888) 519-7431
Added: Jun 25 Updated: Jul 15 at 12:57 am Checked: Jul 21 at 1:06 am
MLS# 21130521
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 equestrian-ready property includes a two-story, split-bedroom 3-bedroom, 2-bath home built in 2005. The exterior features a log cabin-style veneer, and the home is served by a private well. For on-site utility and storage, there is a shop in addition to equestrian improvements, including an arena and a four-stall barn.
Set on over 10 acres, the land is fenced and cross-fenced to support animal use and day-to-day property management. The offering is described as having no HOA, supporting a more self-directed country setting.
The combination of usable acreage, dedicated equestrian facilities, and an on-site home creates a property configuration designed to support livestock capability as well as space for work and recreation.
Set on over 10 acres, the land is fenced and cross-fenced to support animal use and day-to-day property management. The offering is described as having no HOA, supporting a more self-directed country setting.
The combination of usable acreage, dedicated equestrian facilities, and an on-site home creates a property configuration designed to support livestock capability as well as space for work and recreation.
Key Highlights
- 2005‑built, spacious 3‑bedroom, 2‑bath two‑story home with approx. 2,000 sq ft
- Over 10 acres of fenced and cross‑fenced land with well and septic tank for private utility service
- Equestrian improvements include an arena, four‑stall barn, and a shop
Local Financial Insights For Apartment 5plus
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 | $61.9k | $30.96 |
| − Vacancy | −$6.6k | −$3.31 |
| EGI | $55.3k | $27.65 |
| − OpEx | −$24.9k | −$12.44 |
| NOI | $30.4k | $15.21 |
2,000 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$434.5K
$380.2K – $506.9K
NOI $30,412 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.99M
$1.74M – $2.32M
NOI $139,113 @ 7.0% cap · market cap 23.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Fenced, cross-fenced 10+ acre property with arena, four-stall barn, and two-story 3BR/2BA home.
Where is this single family property located?
The property is located at 262 N Cheyenne Trail Springtown, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2005‑built, spacious 3‑bedroom, 2‑bath two‑story home with approx. 2,000 sq ft; Over 10 acres of fenced and cross‑fenced land with well and septic tank for private utility service; Equestrian improvements include an arena, four‑stall barn, and a shop
