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    1580 County Road 1150 Ravenna, TX 75476

    Sponsored
    For Sale
    $775,000

    Farm/Ranch - Ravenna, TX

    Type:Farm
    Property size:
    2,304 SF
    Lot size:
    16.00 Acres
    Days on Market:
    157
    Last Refresh:
    Feb 3 at 11:06 am

    Property Features for 1580 County Road 1150

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    3
    APN
    000000122011
    Parking features
    Covered
    Interior features
    Built-in Features, Decorative Lighting, Double Vanity, Eat-in Kitchen, Kitchen Island, Pantry, Walk-in Closet(s)
    Exterior features
    Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Gas, Dishwasher, Range, Range - Gas, Washer
    Size
    2,304 SF
    Lot size
    16.00 Acres

    Utilities

    Heating system
    Central, Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    2018
    Floors in Building
    1
    Flooring type
    Concrete
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Matthew Graham

    Bonham Land & Ranches, LLC (903) 583-4455

    Listing agent Matthew Graham (903) 583-4455 License #0822756

    Listing date Aug 31, 2025

    MLS# 21016212 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

    Ravenna Farm/Ranch with Custom Home

    This property, custom-built in 2018, offers a rural retreat designed with family in mind. Located at the end of a private driveway, the home is surrounded by woods and a pond. The property is equipped for a rural lifestyle, featuring custom pipe fencing around the yard and barbwire fencing for livestock. The land spans 15.998 acres and is currently used for hay production, offering potential for agricultural pursuits. The 2304 square foot home includes a kitchen with custom wood cabinetry, granite countertops, and an island wrapped in stone with a farmhouse sink. The open floor plan connects the kitchen and living area. Interior doors and trim feature burned wood detailing. The living area includes a floor-to-ceiling stone gas log fireplace. The property also features a shop with an air-conditioned office area. Ample closet space is available throughout the home. The property is located in Ravenna, TX, in Fannin County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Ravenna
    County
    Fannin
    State
    Texas
    Longitude
    -96.207422
    Latitude
    33.699445

    Nearby Similar for Sale

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      262.00 Acres

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    • $2,999,999
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      Texas Ranch with Renovated Home

      167-acre ranch featuring a renovated home and multiple ponds.
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    • $2,595,000
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      Turn-Key Ranch with Improved Pastures

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    FAQs

    What type of property is this?
    Farm - Custom-built home on 15.998 acres, ideal for rural living.
    Where is this farm located?
    The property is located at 1580 County Road 1150 Ravenna, TX.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - Custom-built home (2018) on a private, secluded lot with a serene pond.; - Chef's kitchen featuring custom wood cabinetry, granite countertops, and a farmhouse sink.; - Shop with air-conditioned office space, ideal for working from home.
    (903) 583-4455
    Request Owner's contact information
    1580 County Road 1150 Ravenna, TX 75476
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    Ravenna, TX 75476
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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.

    More about this property
    1580 County Road 1150 Ravenna, TX 75476
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    We can help!
    Listing Contact
    Matthew Graham
    Real Estate License ID: 0822756
    (903) 583-4455
    Learn more
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