Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wooded Acre in Bonham, TX Title is generated by Realmo AI

    2107 Island, Bonham, TX 75418

    View on Map
    Claim this Listing
    For Sale
    $65,000

    LAND - Bonham, TX

    Lot size:
    1.00 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    75
    Last Refresh:
    Jun 6 at 4:06 pm

    Property Features for 2107 Island

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    000000071369
    Lot size
    1.00 Acres

    Taxes and HOA fees

    Tax Description
    ROBERTSON-SMITH ADDN #1, LOT 2, LIFE ESTATE,
    Tax Annual Amount
    707

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jon Vanhulle

    Listing agent Jon Vanhulle License #0678120

    Listing office Peak Realty and Associates LLC Aledo, TX

    Listing date Mar 24, 2026

    MLS# 21216354 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

    • Heavily wooded 1 acre lot
    • Great location
    • Country living
    • Modern conveniences

    Overview

    This is a heavily wooded 1.001-acre lot situated in Bonham, Texas. The property offers a country living environment with convenient access to modern amenities. Located in Fannin County, the land presents an opportunity for development or recreational use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonham
    County
    Fannin
    State
    Texas
    Longitude
    -96.174933
    Latitude
    33.597948

    Nearby Similar for Sale

    • $699,900

      Metal Showroom and Workshop Building

      Versatile metal building with showroom, insulated workshop, multiple roll-up doors, and strong frontage on a busy highway corridor.
      1521 N State Highway 121, Bonham, TX 75418
      View Details
    • $625,000

      Industrial Workshop with Living Quarters

      Fenced workshop and office setup with attached living quarters and strong Highway 121 visibility for flexible business use.
      825 N State Highway 121, Bonham, TX 75418
      View Details
    • $210,000

      Machine Shop with Air-Conditioned Office

      Well-suited for small manufacturing or workshop operations with both air-conditioned offices and a separate shop-warehouse area.
      223 W 2nd Street, Bonham, TX 75418
      View Details
    • $750,000

      Retail Showroom with Back Shop Doors

      Showroom-front retail with back shop doors and office space, positioned at major highway intersections for strong visibility.
      1301 W Sam Rayburn Drive, Bonham, TX 75418
      View Details
    • $124,900

      Second-Story Office Building with Views

      Wide-open second-floor layout with courthouse views, front and back entrances, and recently installed windows.
      121 E 5th Street, Bonham, TX 75418
      View Details
    • $545,000

      Triplex with Private Fenced Yards

      Three-year-old triplex with LVP flooring, granite kitchens, and individual garages for each unit.
      802 S 5th Street, Bonham, TX 75418
      View Details
    • $1,800,000
      4,725 SF

      Corner Industrial Flex Property

      A high-visibility corner site with a functional office-showroom-warehouse building and oversized bay access.
      3301 S State Highway 121, Bonham, TX 75418
      View Details
    • $225,000

      Two-Story Restaurant Building

      Two-story downtown restaurant building with significant redevelopment potential using primarily the lower level today.
      318 N Main Street, Bonham, TX 75418
      View Details
    • $699,900
      3,500 SF

      Industrial Showroom and Workshop

      Metal building on a half-acre site with showroom, insulated workshop, roll-up doors, and paved parking for flexible operations.
      1521 N State Highway 121, Bonham, TX 75418
      View Details
    • $585,000

      Like-New Luxury Triplex Investment

      Three identical units with 3BR/2.5BA layouts and fenced yards, ideal for house hacking and 1031 investors.
      805 S 6TH Street, Bonham, TX 75418
      View Details
    • $299,900

      Flexible Office Building Opportunity

      Office building positioned across from a remodeled courthouse, offering adaptable space for professional or community-oriented uses.
      417 N Main Street, Bonham, TX 75418
      View Details
    • $295,000

      Renovated Executive Office Suites

      Turnkey historical office building with executive suites, conference room, patio, and new finishes.
      211 N Main Street, Bonham, TX 75418
      View Details

    FAQs

    What type of property is this?
    Land - Heavily wooded 1-acre lot in a convenient location.
    Where is this land located?
    The property is located at 2107 Island Bonham, TX.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Heavily wooded 1 acre lot; Great location; Country living
    (817) 475-8171
    We can help!
    Listing Contact
    Jon Vanhulle
    Real Estate License ID: 0678120
    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
    2107 Island, Bonham, TX 75418
    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!