Mixed-Use Property with Event
For Sale
$2,999,000
383 County Road 3672, Springtown, TX 76082
CommercialSale, Springtown, TX
Property Size9,967 SF
Lot Size39.26 Acres
Price / SF$300.89
Days on Market141
Property Features for 383 County Road 3672
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
No Zoning- Unrestricted. Many uses possible. Buyer and Buyer's Agent to verify all information.
Parking features
Garage
Security features
Security
Fireplace
1
Lot features
Acreage, Landscaped, Pasture, Pond On Lot, Many Trees
View
Park
Directions
Maps may direct you to the back gate, which is not in use. Continue around the road to the main gated entrance. Listing has two addresses 383 & 403 Co Rd 3672.Parties will be met at the front gate for all showings.
Standard status
Active
APN
751667
Size
9,967 SF
Lot size
39.26 Acres
Taxes and HOA fees
Tax Description
A-1162 WF FENLEY 33.2400 ACRES & 6.0200 ACRES
Tax Annual Amount
20715
Legal Description
A-1162 WF FENLEY 33.2400 ACRES & 6.0200 ACRES
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Fireplace(s), Electric (Heating)
Cooling system
Multi Units, Electric, Ceiling Fan(s), Window Unit(s), Central Air
Water source
Well, Private
Amenities
pool house
laundry facility
event center
fireplaces
on-site bar
kitchen
swings
covered porches
pergolas
gazebos
firepits
scenic bridge
walking trails
prayer and meditation areas
life-size outdoor chess set
putting green
half-court basketball area
open field
outdoor showers
stocked pond
Building Details
Year built
2011
Floors in Building
1
Number of units
8
Flooring type
Combination
Roof type
Metal
Listing Agency:
Texas Legacy Realty
(817) 312-6165
Listed By:
Barbee Harris · License #0813308
(817) 312-9545
Added: May 1
Changed: Sep 16
Last Checked: Sep 18 at 3:06AM
MLS# 20971693
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 39.26-acre mixed-use property includes 9,967 square feet of improvements developed beginning in 2011. The site contains four full residences, four studio guest units, a pool house, laundry facility, and an event center with two fireplaces, a bar, full kitchen, and separate service entrances. The sale conveys real estate only; no operating business is included.
Grounds feature covered porches, pergolas, gazebos, firepits, walking trails, gathering areas, a scenic bridge, outdoor showers, a putting green, half-court basketball area, open sports field, and a stocked catch-and-release pond. The property is gated and fenced, with no zoning or use restrictions stated in the listing. It is located in Springtown, 36 miles from downtown Fort Worth, and is served by a private well and septic system.
Additional property features include metal roofing, garage parking, fireplace heating, electric heating, and multiple cooling systems. Improvements were added in 2011, 2012, 2014, and 2015.
Grounds feature covered porches, pergolas, gazebos, firepits, walking trails, gathering areas, a scenic bridge, outdoor showers, a putting green, half-court basketball area, open sports field, and a stocked catch-and-release pond. The property is gated and fenced, with no zoning or use restrictions stated in the listing. It is located in Springtown, 36 miles from downtown Fort Worth, and is served by a private well and septic system.
Additional property features include metal roofing, garage parking, fireplace heating, electric heating, and multiple cooling systems. Improvements were added in 2011, 2012, 2014, and 2015.
Key Highlights
- 39.26 gated, fenced acres with no zoning or use restrictions
- 9,967 square feet of improvements
- Four full residences plus four studio‑style guest units
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
$137,545
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
4.59%
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%
$2,750,900
$2.8M
Cap Rate 7%
$1,964,929
$2.0M
Cap Rate 9%
$1,528,278
$1.5M
Market Conditions
NOI Build-Up for 9,967 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
$239.2K $24.00/SF
− Vacancy
−$19.1K −$1.92/SF
EGI
$220.1K $22.08/SF
− OpEx
−$82.5K −$8.28/SF
NOI
$137.5K $13.80/SF
Area
Parker County, TX
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,750,900
Cap Rate 7%
$1,964,929
Cap Rate 9%
$1,528,278
Alternative Uses
Best Use
Mixed Use
$1.96M
$1.72M – $2.29M
NOI $137,545 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$9.90M
$8.67M – $11.55M
NOI $693,267 @ 7.0% cap · market cap 23.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
7
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Gated rural property combines multiple residences, guest studios, recreational amenities, and flexible improvements without zoning or use restrictions.
Where is this mixed-use property located?
The property is located at 383 County Road 3672 Springtown, TX.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: 39.26 gated, fenced acres with no zoning or use restrictions; 9,967 square feet of improvements; Four full residences plus four studio‑style guest units
