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

    1500-1510 Albert Broadfoot St Bonham, TX 75418

    View on Map
    Sponsored
    Picture of Residential land & home lots at Albert Broadfoot St 1500-1510, Bonham, TX
    For Sale
    $139,000

    Improved Land - Bonham, TX

    Lot size:
    0.95 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 12 at 12:06 am

    Property Features for 1500-1510 Albert Broadfoot St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R000092491
    Lot size
    0.95 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jim Glynn

    WHITE BUFFALO PROPERTY SOLUTIONS, LLC (325) 701-7988

    Listing agent Jim Glynn (817) 896-7990 License #0540156

    Listing date Mar 11, 2026

    MLS# 21204740 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

    Bonham, TX Multi-Family Zoned Lot

    This nearly 1-acre lot in Bonham, TX, presents an opportunity for multi-family development. Zoned for multi-family use, the property is an excellent location for an apartment complex, duplexes, or quadplex buildings. The seller has approval from the City of Bonham for a 6-duplex development. Utilities including electric, water, and sewer are available on the street adjacent to the lot. The property is not located in a flood zone and is within walking distance of two schools. The lot could potentially accommodate approximately 15 apartment units, 12 quadplex units, 12 duplex units, or a collection of build-to-rent single-family homes. With ongoing growth and infrastructure expansion from Collin County into Fannin County, this property is well positioned for future development and investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonham
    County
    Fannin
    State
    Texas
    Longitude
    -96.186433
    Latitude
    33.587992

    Nearby Similar for Sale

    • $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
    • $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
    • $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
    • New
      $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
    • $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
    • $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
    • New
      $724,779
      2,380 SF

      Bonham Ranch with Acreage

      Spacious ranch on 33 acres near multiple lakes.
      1454 County Road 4120, Bonham, TX 75418
      View Details
    • New
      $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
    • $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
    • New
      $1,497,000
      2,380 SF

      Bonham Ranch with Acreage

      Spacious ranch on 100+ acres near multiple lakes.
      1454 County Road 4120, Bonham, TX 75418
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Nearly one-acre lot approved for multi-family development in Bonham.
    Where is this residential land & home lot located?
    The property is located at 1500-1510 Albert Broadfoot St Bonham, TX.
    What is the asking price?
    The asking price for this property is $139,000.
    What are key features of this property?
    This property features: - Multi-family zoning allows for various development options.; - Seller has existing approval from the City of Bonham for a 6-duplex development.; - Nearly 1-acre lot in Bonham, TX, positioned for future development due to growth from Collin County.
    (817) 896-7990
    Request Owner's contact information
    1500-1510 Albert Broadfoot 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.
    1500-1510 Albert Broadfoot 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
    1500-1510 Albert Broadfoot 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
    Jim Glynn
    Real Estate License ID: 0540156
    (817) 896-7990
    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!