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    Fully Fenced Ranch and Recreation Land Title is generated by Realmo AI

    48 County Road 2360, Bagwell, TX 75412

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    Claim this Listing
    For Sale
    $389,900

    LAND - Other - Bagwell, TX

    Lot size:
    49.39 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    42
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for 48 County Road 2360

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Fenced
    Standard status
    Active
    APN
    01095000000001000
    Lot size
    49.39 Acres

    Taxes and HOA fees

    Tax Description
    ABSTRACT 950 J P WELCH MAP E-5 TC-21 49.39 A
    Tax Annual Amount
    114

    Building Details

    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Leah Rolen
    Leah Rolen

    Listing agent Leah Rolen License #0478844

    Listing office Keller Williams Legacy TX

    Listing date Apr 24, 2026

    MLS# 21213873 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

    • 50+ acres in Red River County with fenced perimeter for livestock use
    • Road frontage on FM 195 and County Road 2360 for convenient access
    • Mix of open pasture and wooded acreage for grazing and recreational use
    • Includes a pond and established ATV trail network for outdoor activities
    • Existing structures include a former post office and a community center for storage or workspace
    • Located along the direct route between Paris, TX and Broken Bow, OK

    Overview

    Set on nearly 50 acres, this fully fenced tract offers a practical mix of open pasture and wooded acreage. The layout is well-suited for livestock use and outdoor recreation, complemented by a pond and an established network of ATV trails throughout the property.

    Accessibility is a major strength, with road frontage on both FM 195 and County Road 2360. The land sits along the direct route between Paris, Texas and Broken Bow, Oklahoma, providing convenient access for equipment, trailers, and future improvements. Existing structures, including a former post office and a community center, are already on-site and may support storage or workspace needs depending on how a buyer plans to use the property.

    This is a strong fit for buyers seeking Northeast Texas land that can serve more than one purpose. Operators looking for grazing ground will appreciate the fully fenced design and pasture/wood blend, while recreational users can take advantage of the pond and trail network for hunting, riding, and weekend use. The on-site buildings add additional flexibility for those planning to adapt the improvements to their own operation or personal retreat.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Restaurant Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bagwell
    County
    Red River
    State
    Texas
    Longitude
    -95.163408
    Latitude
    33.84262

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    FAQs

    What type of property is this?
    Ranch - About 50 acres with pond, ATV trails, and dual road frontage, plus former post office/community center structures.
    Where is this ranch located?
    The property is located at 48 County Road 2360 Bagwell, TX.
    What is the asking price?
    The asking price for this property is $389,900.
    What are key features of this property?
    This property features: 50+ acres in Red River County with fenced perimeter for livestock use; Road frontage on FM 195 and County Road 2360 for convenient access; Mix of open pasture and wooded acreage for grazing and recreational use
    (972) 599-7000
    We can help!
    Listing Contact
    Leah Rolen
    Leah Rolen
    Real Estate License ID: 0478844
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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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