Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Hunting Land with Ponds Title is generated by Realmo AI

    FM 2321, Bellevue, TX 76228

    View on Map
    Claim this Listing
    For Sale
    $1,095,000

    LAND - Bellevue, TX

    Lot size:
    190.87 Acres
    Added:
    Apr 2, 2026
    Days on Market:
    65
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for FM 2321

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Brush
    Standard status
    Active
    APN
    40264
    Lot size
    190.87 Acres

    Utilities

    Sewer type
    Aerobic Septic
    Water source
    Well

    We can help!

    Listing Contact
    Jared Pruett

    Listing agent Jared Pruett License #0677632

    Listing office Century 21 Mike Bowman, Inc. Grapevine, TX

    Listing date Apr 2, 2026

    MLS# 21134574 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

    • 190‑acre property about 1 hour from the DFW area, suited for building a home or hunting lodge
    • Land includes multiple ponds, open pasture, wooded areas, and build sites
    • Water source: well; sewer: aerobic septic
    • Close to Bowie and Henrietta (about 20 minutes) for stores, restaurants, and daily necessities
    • Seller will subdivide the property
    • Restrictions noted: no mobile homes or manufactured homes

    Overview

    This 190.87-acre property offers a mix of open pasture, wooded areas, and multiple ponds, creating varied terrain and several potential build sites. The setting is well-suited for either residential development or an out-of-town hunting lodge, with wildlife activity including whitetail along with hogs, turkey, and ducks. The seller will subdivide the property, allowing flexibility for different end uses.

    Located within about an hour of the DFW area, the land is also convenient to everyday needs. It sits roughly 20 minutes from Bowie and Henrietta, with stores, restaurants, and other necessities accessible for day-to-day logistics.

    Buyers looking for a turnkey lifestyle tract can use the property as a private hunting base while keeping options open for construction. Since no mobile homes or manufactured homes are permitted, the offering is best suited to buyers planning a traditional build and those who want a rural parcel with natural features that support year-round recreation.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Bellevue
    County
    Clay
    State
    Texas
    Longitude
    -98.094014
    Latitude
    33.607548

    Nearby Similar for Sale

    • $4,044,300

      Ranch Land with Creek and Pasture

      475.8-acre ranch property with Smith Creek, improved hay pasture, native oaks, and multiple water sources for livestock use.
      Flinn Road, Bellevue, TX 76228
      View Details
    • $443,900

      Hunting Land with Creek Access

      A 46-acre property with a large creek, pecan bottom, grazing, and utilities for hunting or home building opportunities.
      4 Wire Road, Bellevue, TX 76228
      View Details
    • $119,000

      Rural Acreage for Custom Build

      A 10.10-acre tract with open pasture, scattered trees, and county-maintained access for rural home or barndominium plans.
      Stark Road, Bellevue, TX 76228
      View Details
    • $209,000

      Bellevue, TX Unimproved Land

      31.8 acres of land perfect for building your dream house.
      FM 2321 TRACT 2, Bellevue, TX 76228
      View Details
    • $125,000

      Ag Exempt Farmland Tract

      Ag-exempt farmland with room for a hobby farm or weekend escape, set among large 10-acre neighbors.
      High Plains Trail lot: 32, Bellevue, TX 76228
      View Details
    • $289,000

      Bellevue, TX Unimproved Land Tract

      47.77 acre tract perfect for building your dream house.
      Davis Ln-TRACT 9, Bellevue, TX 76228
      View Details
    • $443,900

      Hunting Land with Creek Access

      46-acre hunting tract with a large creek, pecan bottom, grazing, and utilities for future use.
      Tbd 4 Wire Road, Bellevue, TX 76228
      View Details

    FAQs

    What type of property is this?
    Hunting land - 190-acre tract with ponds, pasture, and wooded areas, offering build sites and strong hunting potential.
    Where is this hunting land located?
    The property is located at FM 2321 Bellevue, TX.
    What is the asking price?
    The asking price for this property is $1,095,000.
    What are key features of this property?
    This property features: 190‑acre property about 1 hour from the DFW area, suited for building a home or hunting lodge; Land includes multiple ponds, open pasture, wooded areas, and build sites; Water source: well; sewer: aerobic septic
    (817) 354-7653
    We can help!
    Listing Contact
    Jared Pruett
    Real Estate License ID: 0677632
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    FM 2321, Bellevue, TX 76228
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!