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

    Lot 3 Tbd County Road 4120 Bonham, TX 75418

    View on Map
    Claim this Listing
    For Sale
    $449,997

    Unimproved Land - Bonham, TX

    Type:Unimproved Land
    Lot size:
    33.00 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    55
    Last Refresh:
    Apr 29 at 4:06 pm

    Property Features for Lot 3 Tbd County Road 4120

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    000000082664
    Lot size
    33.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tonya Mercer

    Listing agent Tonya Mercer License #0533818

    Listing office Texan Realtor Group LLC 112 McKinney St., Farmersville, TX

    Listing date Mar 5, 2026

    MLS# 21197019 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

    Bonham, Texas Unimproved Land

    Located just off Hwy 121 in Bonham, Texas, this unimproved land offers open space and natural beauty. The property consists of 33 acres, providing a setting for building a home or creating a private ranch retreat. The location provides access to outdoor recreation, with proximity to Bois d’Arc Lake and the soon-to-open Ralph Hall Lake. Lake Bonham is also nearby. The land offers opportunities for various activities, including horseback riding and ATV adventures.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Bonham
    County
    Fannin
    State
    Texas
    Longitude
    -96.2379059
    Latitude
    33.5420198

    Nearby Similar for Sale

    • $625,000

      Bonham Office with Highway Access

      Office property with workshops, living quarters, and highway access.
      825 N State Highway 121, Bonham, TX 75418
      View Details
    • $699,000

      Bonham Warehouse Redevelopment Opportunity

      3.57 acre commercial property with redevelopment potential near Lake Bonham.
      3251 Recreation Road 3, Bonham, TX 75418
      View Details
    • $350,000

      Bonham Office on 1.1 Acres

      Office space on 1.1 acres, prime location for business.
      2232 N Center Street, Bonham, TX 75418
      View Details
    • $875,000
      2,504 SF

      Bonham Estate with Sustainable Living

      22+ acre estate with modern farmhouse and sustainable features.
      3823 State Highway 11, Bonham, TX 75418
      View Details
    • $295,000

      Renovated Office Building Near Downtown

      Income-producing, renovated office building near downtown Bonham.
      211 N Main Street, Bonham, TX 75418
      View Details
    • $159,000

      Bonham Square Second-Story Building

      Second-story building on Bonham Square with open floor plan.
      121 E 5th Street, Bonham, TX 75418
      View Details
    • $750,000

      Bonham Retail at Highway Intersection

      Located at the intersection of two highways, ideal business spot.
      1301 W Sam Rayburn Drive, Bonham, TX 75418
      View Details
    • $585,000

      Luxury Triplex in Bonham, TX

      Like-new triplex with high-end finishes, ideal for investment.
      805 S 6TH Street, Bonham, TX 75418
      View Details
    • $749,000
      2,225 SF

      Bonham Ranch with Insulated Shop

      27-acre ranch featuring a spacious home and insulated shop.
      1176 W Fm 1753, Bonham, TX 75418
      View Details
    • $700,000

      Bonham Auto Repair Shop

      Operating auto repair shop on a corner lot for sale.
      513 W Sam Rayburn Drive, Bonham, TX 75418
      View Details
    • $725,000

      Unrestricted Land Near Bonham, TX

      7.39 acres with highway frontage and a 1,900 sq. ft. building.
      1541 S State Highway 121, Bonham, TX 75418
      View Details
    • $695,000

      Turnkey Ranch Property in Bonham, TX

      27-acre ag exempt property with barns, ponds, and pastureland.
      880 County Road 4210, Bonham, TX 75418
      View Details

    FAQs

    What type of property is this?
    Land - 33 acres near Bois d’Arc and Ralph Hall Lakes.
    Where is this land located?
    The property is located at Lot 3 Tbd County Road 4120 Bonham, TX.
    What is the asking price?
    The asking price for this property is $449,997.
    What are key features of this property?
    This property features: Large 33+/- acre tract offering space and privacy.; Conveniently located near Hwy 121 for easy access.; Close proximity to Bois d’Arc Lake and the soon‑to‑open Ralph Hall Lake for recreation.
    (972) 784-7800
    We can help!
    Listing Contact
    Tonya Mercer
    Real Estate License ID: 0533818
    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!