Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lakefront Land Parcel on FM Title is generated by Realmo AI

    0000 Fm-1396, Telephone, TX 75488

    View on Map
    Claim this Listing
    For Sale
    $599,900

    Unimproved Land - Carson, TX

    Type:Unimproved Land
    Lot size:
    2.96 Acres
    Added:
    Jan 30, 2026
    Days on Market:
    108
    Last Refresh:
    May 18 at 11:06 am

    Property Features for 0000 Fm-1396

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    000000074495
    Lot size
    2.96 Acres

    Utilities

    Water front features
    Lake Front, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    David Ogletree

    Listing agent David Ogletree License #0620676

    Listing office RE/MAX Visionary 2009 N Hwy 121, Bonham, TX

    Listing date Jan 30, 2026

    MLS# 21157827 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

    • Rare 2.956‑acre lakefront property on Bois D'Arc Lake with potential for a private boat dock (subject to NTMWD approval).
    • Direct lake access and open water views, ideal for boating and water sports.
    • Designated as commercial property on the future land use map.
    • Located less than half a mile from the north boat ramps.
    • No HOA restrictions, offering flexibility for development.
    • Serene setting with abundant wildlife, suitable for a residence or getaway.

    Overview

    This 2.956-acre lot is an undeveloped lakefront parcel located on FM 1396, less than half a mile from the north boat ramps near Bonham, TX. The future land use map designates this parcel as commercial. The property offers direct access to the newly developed Bois D'Arc Lake and open water views. Surrounded by ranches and farms, this property offers a retreat with no HOA restrictions. The location is suited for boating and water sports. The property is located right before the northern public boat ramps. It is suited for a commercial venture, family home, or retirement sanctuary. Sellers are engaged with NTMWD to receive the required approval for a private boat dock.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Hotel & Motel Department Store Grocery & Convenience Store Grocery & Convenience Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Telephone
    County
    Fannin
    State
    Texas
    Longitude
    -96.0662131
    Latitude
    33.6944686

    Nearby Similar for Sale

    • $738,000
      2,122 SF

      Texas Farm and Ranch Retreat

      22-acre property with updated home, ponds, and outbuildings.
      213 County Road 2320, Telephone, TX 75488
      View Details
    • $160,000

      Land with Partially Completed Building

      1.377 acre property near Bois d'Arc Lake.
      5252 E FM 1396, Telephone, TX 75488
      View Details
    • $650,000

      Bois D’Arc Lakefront Land

      2.135 acres of lakefront property on Bois D’Arc Lake.
      1125 County Road 2670, Telephone, TX 75488
      View Details
    • $440,000
      1,152 SF

      Telephone, TX Farm/Ranch Property

      16.36-acre property near Bois d'Arc Lake with upgraded home.
      4572 County Road 2700, Telephone, TX 75488
      View Details
    • $950,000

      Bois D’Arc Lakefront Property

      Rare 3.8-acre lakefront land on Bois D’Arc Lake.
      1125 County Road 2670, Telephone, TX 75488
      View Details
    • $1,425,000
      2,052 SF

      Telephone, TX Ranch with Modern Farmhouse

      106-acre ranch featuring a modern farmhouse and productive land.
      1476 County Road 2130, Telephone, TX 75488
      View Details
    • $440,000
      1,596 SF

      22-Acre Farm/Ranch in Telephone, TX

      22-acre farm with ponds, home, and potential for livestock.
      267 County Road 2150, Telephone, TX 75446
      View Details
    • $594,000

      29.73 Acres Near Bois d’Arc Lake

      Recreational land with cabin, shop, and prime location near lakes.
      3842 Fm 2029, Telephone, TX 75488
      View Details
    • $74,900

      Telephone, TX Unimproved Land

      5.17 acre tract suitable for residential development and hobby farming.
      Lot 3 County Rd 2130, Telephone, TX 75488
      View Details
    • $250,000

      Unrestricted Land Near Lake Bois

      9.67 acres of unrestricted land with creek access.
      0 County Road 2615, Lamasco, TX 75488
      View Details
    • $475,000

      Unimproved Land Near Bois d'Arc

      5 acres of residential land near Bois d'Arc Lake.
      320 Fm 897, Telephone, TX 75488
      View Details
    • $150,000

      Land Near Bois d'Arc Lake

      3.65 acres near Bois d'Arc Lake, Telephone, Texas.
      7203 E Fm 1396, Telephone, TX 75488
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.956-acre lakefront parcel near Bonham, TX, with commercial potential.
    Where is this commercial land located?
    The property is located at 0000 Fm-1396 Telephone, TX.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: Rare 2.956‑acre lakefront property on Bois D'Arc Lake with potential for a private boat dock (subject to NTMWD approval).; Direct lake access and open water views, ideal for boating and water sports.; Designated as commercial property on the future land use map.
    (903) 997-3629
    We can help!
    Listing Contact
    David Ogletree
    Real Estate License ID: 0620676
    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
    0000 Fm-1396, Carson, TX 75488
    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!