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    3721 Fm 1396 E Ivanhoe, TX 75447

    Sponsored
    For Sale
    $425,000

    Improved Land - Ivanhoe, TX

    Property size:
    2,128 SF
    Lot size:
    24.33 Acres
    Days on Market:
    10
    Last Refresh:
    Mar 1 at 2:06 am

    Property Features for 3721 Fm 1396 E

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    84825
    Exterior features
    Fence
    Fencing
    Fenced
    Size
    2,128 SF
    Lot size
    24.33 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    DeAnn Jones

    FanninLand Realty (903) 583-8538

    Listing agent DeAnn Jones (903) 583-8538 License #0679190

    Listing date Feb 20, 2026

    MLS# 21186166 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

    24-Acre Land with Multiple Residences

    This 24.331-acre property in Ivanhoe, TX, presents an opportunity for single-family, multi-family, farm and ranch use, or investment. The property includes a titled 2001 doublewide mobile home with 2128 square feet, featuring 4 bedrooms and 3 bathrooms. Additionally, there are two non-titled mobile homes, one currently occupied and the other used for storage. A 30 x 30 Quonset Hut building is present, with the roll-up doors and ends available but not installed. The property also features a barn with 3 stalls and a tack room. There is a large, stocked fishing pond and two other ponds on the land. The property currently has an Agriculture Exemption with Fannin CAD and has been used as a hay meadow for numerous years. It includes two electric meters, two older septic tanks, and one water meter. The seller is open to dividing the property into two parcels if less acreage is needed. The property already has two 911 addresses assigned: 3721 E FM 1396 and 3761 E FM 1396.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Department Store Grocery & Convenience Store Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ivanhoe
    County
    Fannin
    State
    Texas
    Longitude
    -96.08785534
    Latitude
    33.69581696

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    • Contact for pricing

      Ivanhoe, TX Agricultural Property

      Agricultural property for sale in Ivanhoe, Texas.
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      Expansive Fannin County Land

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    FAQs

    What type of property is this?
    Farm - 24.331-acre property with residences, ponds, and agricultural potential.
    Where is this farm located?
    The property is located at 3721 Fm 1396 E Ivanhoe, TX.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - 24.331 acre property suitable for Single-Family Home-Farm & Ranch, Multi-Family Farm & Ranch, or Investment Property.; - Enjoy the large, stocked fishing pond and 2 other ponds on the property.; - Two residences: a titled 2001 Doublewide Mobile Home (4 bdrm-3 bath, 2128 sqft) and another 2 bdrm-1 bath mobile home currently being lived in.
    (903) 583-8538
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    3721 Fm 1396 E Ivanhoe, TX 75447
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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
    3721 Fm 1396 E Ivanhoe, TX 75447
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    We can help!
    Listing Contact
    DeAnn Jones
    Real Estate License ID: 0679190
    (903) 583-8538 (903) 227-7826
    Learn more
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