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    Recreational Ranch with Stocked Lake Title is generated by Realmo AI

    380 PR 297, Bowie, TX 76230

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    Claim this Listing
    For Sale
    $2,144,000

    LAND - Other - Bowie, TX

    Property size:
    2,640 SF
    Lot size:
    82.52 Acres
    Price / SF:
    $812/SF
    Added:
    May 1, 2026
    Days on Market:
    35
    Last Refresh:
    Jun 4 at 4:06 am

    Property Features for 380 PR 297

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    RV, Boat
    Exterior features
    Dock
    Standard status
    Active
    APN
    R000016141
    Lot size
    82.52 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 50.730 AB 1541 W R DOBBINS SURVEY
    Tax Annual Amount
    34

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Well
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Benjamin Clark

    Listing agent Benjamin Clark License #0611947

    Listing office Keller Williams Realty Denton, TX

    Listing date May 1, 2026

    MLS# 20976762 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

    • 82‑acre ranch next to Amon G. Carter Lake in Bowie, Texas
    • 20‑acre stocked lake with trophy largemouth bass and giant catfish
    • Private dock plus equipment fishing house on the waterfront
    • 2,640 SF lodge with full kitchen, bathroom, and spacious sleeping quarters
    • Water source: well; sewer: septic tank
    • Parking for boat and RV; dock and waterfront features included

    Overview

    Set on approximately 82.52 acres, this turnkey recreational ranch is anchored by a stocked 20-acre lake with plentiful largemouth bass and giant catfish. The property includes a 2,640-square-foot lodge with a full kitchen, bathroom, spacious sleeping quarters, and water-facing views suited for both relaxing and entertaining. Outdoor recreation amenities also feature a private dock and an equipment fishing house, plus an established duck blind for seasonal waterfowl hunting. The ranch offers gently rolling terrain with mature trees and a wildlife-rich setting featuring whitetail deer and turkey throughout the property.

    The land is positioned next to Amon G. Carter Lake in Bowie, Texas, providing an established backdrop for fishing and hunting. It is located about 1.5 hours from the DFW Metroplex, balancing convenience with a secluded weekend retreat feel in Montague County.

    This is a strong fit for sportsmen and nature-focused buyers looking for a ready-to-use compound, as well as families who want a lodge-based property designed around fishing and hunting. With its lake-centered layout, dock access, and on-site accommodations, the ranch supports extended stays and legacy use without requiring immediate improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Bowie
    County
    Montague
    State
    Texas
    Longitude
    -97.918081
    Latitude
    33.472718

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    FAQs

    What type of property is this?
    Ranch - Turnkey ranch with a stocked lake, lodge, dock, and established duck blind for year-round outdoor recreation.
    Where is this ranch located?
    The property is located at 380 PR 297 Bowie, TX.
    What is the asking price?
    The asking price for this property is $2,144,000.
    What are key features of this property?
    This property features: 82‑acre ranch next to Amon G. Carter Lake in Bowie, Texas; 20‑acre stocked lake with trophy largemouth bass and giant catfish; Private dock plus equipment fishing house on the waterfront
    (940) 484-9411
    We can help!
    Listing Contact
    Benjamin Clark
    Real Estate License ID: 0611947
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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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