Equestrian Land with Barn
262 N Cheyenne Trail Springtown, TX 76082
LAND - Springtown, TX
Property size:
2,000 SFLot size:
10.01 AcresPrice / SF:
$299/SF- Added:
- Jun 25, 2026
- Days on Market:
- 16
- Last Refresh:
- Jul 10 at 12:06 pm
Property Features for 262 N Cheyenne Trail
General Information
- Property type
- Land
- Property subtype
- Other
- Vegetation
- Grassed, Cleared
- 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
- Central, Electric (Heating), Fireplace(s)
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Well
Building Details
- Year built
- 2005
- Additional Structures
- Barn(s)
Listing agent Kelli Frost Boyd License #0730726 (888) 519-7431
Listing office eXp Realty, LLC Austin, TX (888) 519-7431
Listing date Jun 25, 2026
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 property combines acreage with equestrian infrastructure and a two-story residence. The home offers three bedrooms and two bathrooms, built in 2005, with a split-bedroom layout and large windows. A log cabin-style veneer exterior adds rustic character. For day-to-day functionality, the land is fenced and cross-fenced, and the property includes an arena, a four-stall barn, and a shop for storage and workspace. A private well services the home.
Located in Springtown, Texas in Wise County, the property is set on over 10 acres and is described as having no HOA. The mature oak trees and open setting contribute to the privacy and country feel highlighted in the remarks.
With fencing, an arena, and a four-stall barn on-site, the property supports horse ownership and other hobby-farm uses where animals and manageable acreage are priorities. The attached country residence provides on-property living while the fenced/cross-fenced setup supports practical animal management. The included shop also supports projects and storage needs for equestrian operations or general property use.
Located in Springtown, Texas in Wise County, the property is set on over 10 acres and is described as having no HOA. The mature oak trees and open setting contribute to the privacy and country feel highlighted in the remarks.
With fencing, an arena, and a four-stall barn on-site, the property supports horse ownership and other hobby-farm uses where animals and manageable acreage are priorities. The attached country residence provides on-property living while the fenced/cross-fenced setup supports practical animal management. The included shop also supports projects and storage needs for equestrian operations or general property use.
Key Highlights
- 2005‑built 3‑bedroom, 2‑bath two‑story home with approx. 2,000 SF
- Set on over 10 acres with no HOA
- Equestrian features 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?
Horse & equestrian property - Over 10 acres with fenced pasture, a four-stall barn, and an arena plus a two-story home.
Where is this horse & equestrian 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 3‑bedroom, 2‑bath two‑story home with approx. 2,000 SF; Set on over 10 acres with no HOA; Equestrian features include an arena, four‑stall barn, and a shop
