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

    1966 County Road 2980 Windom, TX 75492

    View on Map
    Claim this Listing
    For Sale
    $3,900,000

    Ranch - Windom, TX

    Type:Ranch
    Lot size:
    322.62 Acres
    Added:
    Mar 2, 2026
    Days on Market:
    48
    Last Refresh:
    Apr 19 at 7:06 am

    Property Features for 1966 County Road 2980

    General Information

    Property type
    Land
    Property subtype
    Ranch
    Exterior features
    Fence
    Fencing
    Fenced
    Fireplace
    1
    Standard status
    Active
    APN
    000000081928
    Lot size
    322.62 Acres

    Utilities

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

    Building Details

    Year built
    1979
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Stuart Hall
    Stuart Hall

    Listing agent Stuart Hall License #0665059

    Listing office FRONTIER PROPERTIES REAL ESTATE, LLC 2201 N CENTER ST, Bonham, TX

    Listing date Mar 2, 2026

    MLS# 21195318 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.

    Overview

    Diverse Ranch Property Near Bois d'Arc

    This diverse 322.62-acre property is located in the Allens Chapel community of Fannin County, near Bois d'Arc lake. It features frontage on paved County Road 2980, approximately 2700 feet of frontage on FM 1396, and 1600 feet of frontage on CR 2992. The southern portion of the property, accessible from FM 1396, includes rolling open meadows and scattered pecan and hardwood trees, suitable for development. The northern section, extending from the power lines back to CR 2980, offers hunting and recreational opportunities with elevation changes and a creek. A modest rock home, maintained over the years, overlooks one of the ponds. Near the home is an equipment or livestock barn with holding pens and a corral. The property is suited for development or long-term investment. The seller is open to dividing the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Restaurant Gym & Fitness Center Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Windom
    County
    Fannin
    State
    Texas
    Longitude
    -96.00552
    Latitude
    33.56588

    Nearby Similar for Sale

    • $600,000

      Land with Highway Frontage

      20-acre land parcel suitable for development or commercial use.
      000 Us-82, Windom, TX 75492
      View Details
    • $1,600,000
      2,576 SF

      Windom Ranch with Modern Farmhouse

      Secluded ranch featuring a modern farmhouse and improved pastures.
      1044 County Road 3230, Windom, TX 75492
      View Details
    • $1,280,875

      51.235 Acres of Unimproved Land

      51.235-acre tract with frontage on Highway 82 and FM 1386.
      17560 E Fm 1396, Windom, TX 75492
      View Details
    • $887,750

      Land with Highway Frontage

      34.51 acres with highway frontage near Bois d'Arc Lake.
      Tbd Us-82 and FM 1743, Windom, TX 75492
      View Details
    • $749,900

      Lakefront Homesite in Windom, TX

      Premier lakefront homesite with sunset views on Bois d’Arc Lake.
      380 Harborside Terrace, Windom, TX 75492
      View Details
    • $850,000

      Land Near Lake Bois d'Arc

      Unimproved land near Lake Bois d'Arc in Windom, Texas.
      5484 N Fm 1743, Windom, TX 75492
      View Details
    • $549,900

      Lakefront Homesite in Gated Community

      Dock-capable lakefront homesite in a gated community on Bois d’Arc Lake.
      259 Lakeshore Terrace, Windom, TX 75492
      View Details
    • $744,999

      Waterfront Land on Bois d’Arc Lake

      1.36 acre waterfront land with boat dock capability.
      552 Lakeshore Lane, Windom, TX 75492
      View Details
    • $449,900

      Lakefront Lot in Gated Community

      1.31 acre lakefront lot with boat slip on Bois d’Arc Lake.
      261 Clubhouse Drive, Windom, TX 75492
      View Details
    • $694,900

      Lakeshore Land at Bois d'Arc

      Lakefront lot with dock potential in new development.
      352 Lakeshore Lane, Windom, TX 75492
      View Details
    • $300,000

      Lakeview Lot in Gated Community

      Lakeview lot with boat slip and community amenities.
      365 Woodland Trail, Windom, TX 75492
      View Details
    • $675,000

      Lakefront Homesite in Gated Community

      Expansive 1.5+ acre lakefront property with community amenities.
      204 Lakeshore Lane, Windom, TX 75492
      View Details

    FAQs

    What type of property is this?
    Ranch - 322+ acre ranch prime for development or long-term investment.
    Where is this ranch located?
    The property is located at 1966 County Road 2980 Windom, TX.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: Prime development opportunity with extensive frontage on FM 1396, CR 2980, and CR 2992.; Located minutes from Bois d' Arc Lake.; Diverse property with rolling meadows suitable for development and wooded areas ideal for hunting/recreation.
    (903) 583-8721
    We can help!
    Listing Contact
    Stuart Hall
    Stuart Hall
    Real Estate License ID: 0665059
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!