Equestrian Property with Land and
For Sale
$599,000
262 N Cheyenne Trail lot 0, Springtown, TX 76082
Land, Springtown, TX
Property Size2,000 SF
Lot Size10.01 Acres
Price / SF$299.50
Days on Market68
Property Features for 262 N Cheyenne Trail lot 0
General Information
Property type
Land
Property subtype
Other
Zoning description
Residential
Vegetation
Grassed, Cleared
Fencing
Fenced
Fireplace
1
Subdivision
Indian Spgs Ranch Ph1
Lot features
Acreage, Cul De Sac, Many Trees
Elementary school
Bridgeport
Middle school
Bridgeport
High school
Bridgeport
Elementary school district
Poolville ISD
Middle school district
Poolville ISD
High school district
Poolville ISD
Directions
GPS Friendly
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
Legal Description
LOT PT 56 INDIAN SPRINGS RANCH PH1, 4.000
Utilities
Sewer type
Septic Tank
Heating system
Central, Fireplace(s), Electric (Heating)
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
Listed By:
Kelli Frost Boyd · License #0730726
(888) 519-7431
Added: Jun 25
Changed: Aug 27
Last Checked: Aug 31 at 6:06AM
MLS# 21130521
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,412
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$608,240
$608.2K
Cap Rate 7%
$434,457
$434.5K
Cap Rate 9%
$337,911
$337.9K
Market Conditions
NOI Build-Up for 2,000 SF
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.
Gross rent
$61.9K $30.96/SF
− Vacancy
−$6.6K −$3.31/SF
EGI
$55.3K $27.65/SF
− OpEx
−$24.9K −$12.44/SF
NOI
$30.4K $15.21/SF
Area
Parker County, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$608,240
Cap Rate 7%
$434,457
Cap Rate 9%
$337,911
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 76082, TX
21,514
Population
8,576
Households
2.5
Avg Household Size
40
Median Age
16%
College-Educated
87%
High-School Grad
102.8 sq mi
ZIP Area
209
Density / Sq Mi
$93,553
Median Household Income
$49,323
Median Earnings
$1,275
Median Rent
$277,900
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Horse & equestrian property - Fenced, cross-fenced 10+ acre property with arena, four-stall barn, and two-story 3BR/2BA home.
Where is this horse & equestrian property located?
The property is located at 262 N Cheyenne Trail lot 0 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
