Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    102 Elm St Bonham, TX 75418

    Sponsored
    For Sale
    $30,000

    Unimproved Land - Bonham, TX

    Type:Unimproved Land
    Lot size:
    0.23 Acres
    Days on Market:
    18
    Last Refresh:
    Feb 27 at 7:06 am

    Property Features for 102 Elm St

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    000000093286
    Lot size
    0.23 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Margaret Oden

    The Robinson Team (817) 481-5711

    Listing agent Margaret Oden (817) 481-5711 License #0635703

    Listing date Feb 10, 2026

    MLS# 21175769 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.

    Learn more

    Property Insight Report

    Overview

    Residential Lot in Bonham, TX

    This residential lot, located in the heart of Bonham, Texas, presents an opportunity to build a custom home. The property features mature pecan trees and is situated on a corner. The lot is zoned for residential use. Bonham, the county seat for Fannin County, provides convenient access to local schools, shopping, and State highways 121, 78, and 82. Nearby recreational opportunities include Lake Bonham, Bonham State Park, and the new Lake Bois D'Arc, offering fishing, boating, swimming, and camping. City utilities are available at the street. The lot size is 0.225 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonham
    County
    Fannin
    State
    Texas
    Longitude
    -96.174559
    Latitude
    33.574721

    Nearby Similar for Sale

    • $750,000
      4,800 SF

      Bonham Retail at Highway Intersection

      Located at the intersection of two highways, ideal business spot.
      1301 W Sam Rayburn Dr, Bonham, TX 75418
      View Details
    • New
      $699,000
      2.75 Acres

      Bonham Mixed-Use Property on Highway

      Mixed-use property with workshops, offices, and living quarters.
      825 N State Highway 121, Bonham, TX 75418
      View Details
    • $349,000
      2,730 SF

      Bonham Office with Expansion Potential

      Well-designed office/retail space in downtown Bonham with expansion potential.
      417 N Main St, Bonham, TX 75418
      View Details
    • $442,000
      5,084 SF

      Prime Location Near Courthouse

      Two-story building across from the Fannin County courthouse.
      405 N Main St, Bonham, TX 75418
      View Details
    • $295,000
      0.04 Acres

      Renovated Office Building in Bonham

      Historical building with executive suites, conference room, and private patio.
      211 N Main St, Bonham, TX 75418
      View Details
    • $199,900
      0.09 Acres

      Bonham Square Second-Story Building

      Second-story building with open floor plan and courthouse views.
      121 E 5Th St, Bonham, TX 75418
      View Details
    • $899,900
      2,360 SF

      Bonham Ranch with Pond

      37.6-acre ranch featuring a pond, barn, and luxurious home.
      1430 County Road 3025, Bonham, TX 75418
      View Details
    • $299,900
      0.15 Acres

      Commercial Space Near Medical Hub

      Versatile commercial building ideal for healthcare or professional services.
      503 Lipscomb St, Bonham, TX 75418
      View Details
    • $315,000
      0.05 Acres

      Downtown Bonham Commercial Building For Sale

      Two-story commercial building on the downtown square in Bonham, Texas.
      316 N Main St, Bonham, TX 75418
      View Details
    • $750,000
      3,572 SF

      Bonham Estate with Vehicle Shop

      Spacious home on 11 acres with a 40x60 shop.
      3439 S Fm 271, Bonham, TX 75418
      View Details
    • $735,000
      1,392 SF

      Bonham Ranch with Fenced Pasture

      45.288-acre ranch featuring fenced pastureland, barn, and shop.
      1601 County Road 3106, Bonham, TX 75418
      View Details
    • $828,100
      1,190 SF

      Fannin County Farm/Ranch Gem

      17.196-acre farm/ranch with workshop near Highway 121.
      956 County Road 4231, Bonham, TX 75418
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Corner lot with mature trees, ready for a new home.
    Where is this residential land & home lot located?
    The property is located at 102 Elm St Bonham, TX.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: - Ready-to-build corner lot with mature Pecan trees.; - All city utilities are available at the street.; - Zoned for residential use, suitable for a custom home or investment.
    (817) 481-5711
    Request Owner's contact information
    102 Elm St Bonham, TX 75418
    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.
    102 Elm St
    Bonham, TX 75418
    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
    102 Elm St Bonham, TX 75418
    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

    We can help!
    Listing Contact
    Margaret Oden
    Real Estate License ID: 0635703
    (817) 481-5711 (972) 897-0695
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!