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    Fenced Lake Bridgeport Farmland Tract Title is generated by Realmo AI

    N Lakewood Circle, Lake Bridgeport, TX 76426

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    For Sale
    $235,000

    LAND - Other - Lake Bridgeport, TX

    Lot size:
    4.71 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    64
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for N Lakewood Circle

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded, Cleared, Grassed
    Fencing
    Gate, Fenced
    Standard status
    Active
    APN
    770036
    Lot size
    4.71 Acres

    Taxes and HOA fees

    Tax Description
    See attachment A for legal description

    Building Details

    Architectural style
    Other
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Courtney Tims

    Listing agent Courtney Tims License #0673560

    Listing office Keller Williams Fort Worth Fort Worth, TX

    Listing date Apr 1, 2026

    MLS# 21030032 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

    • 4.7 acres in Lake Bridgeport, currently AG exempt and allowing mobile homes
    • Completely fenced with pipe fence and cattle fencing
    • No RVs allowed
    • Located about 0.5 mile from the dam and public boat access, fishing, and swimming
    • Owner is willing to lease cattle to help keep AG status; exemption may be available to new owners
    • No current survey; owner financing available

    Overview

    A rare opportunity to acquire a fenced farmland tract that is currently ag-exempt and includes both pipe fencing and cattle fencing. The owner also indicates an option to lease cattle to help maintain the agricultural use. The property permits mobile homes, and no RVs are allowed. Buyer should note that there is no current survey, and additional legal descriptions are available via the transaction desk.

    The tract is located about half a mile from the dam and public boat access, with recreational opportunities including fishing and swimming access nearby. The listing also references nearby recreational activities and a private airport in the surrounding area, with schools described as excellent. The property is being offered with owner financing available.

    This configuration is likely best suited for buyers who want to place a mobile home while keeping the land in agricultural use, or those looking to start a small farm. With fencing already in place, the land can support ongoing livestock management or light agricultural projects, subject to the owner’s stated requirements and the allowable mobile home use.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Lake Bridgeport
    County
    Wise
    State
    Texas
    Longitude
    -97.8285514
    Latitude
    33.2109513

    Nearby Similar for Sale

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    • $120,000

      Lake Bridgeport Waterfront-Adjacent Land

      Waterfront-adjacent agricultural land offers flexible building potential, with mobile home allowance and boat and recreation access nearby.
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    • $55,000

      Lakefront Residential & Farm Land

      Mobile homes are allowed on this lake-adjacent tract, with cattle fencing and an agriculture-exempt setup—septic is required.
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    • $65,000

      Lake-Adjacent Land with Mobile Home Potential

      A lake-adjacent tract allowing mobile homes; cattle fenced and currently agricultural tax exempt, with recreation nearby.
      TBD Lakewood N Lot 3, Lake Bridgeport, TX 76426
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    FAQs

    What type of property is this?
    Agricultural land / Farmland - Nearly five acres with fenced pasture and agricultural exemption, with flexibility for mobile homes and small-farm use.
    Where is this agricultural land / farmland located?
    The property is located at N Lakewood Circle Lake Bridgeport, TX.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: 4.7 acres in Lake Bridgeport, currently AG exempt and allowing mobile homes; Completely fenced with pipe fence and cattle fencing; No RVs allowed
    (817) 920-7700
    We can help!
    Listing Contact
    Courtney Tims
    Real Estate License ID: 0673560
    Learn More
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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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