Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Parcel in Bailey, Texas Title is generated by Realmo AI

    404 N Main Street, Bailey, TX 75413

    View on Map
    Claim this Listing
    For Sale
    $100,000

    Unimproved Land - Bailey, TX

    Type:Unimproved Land
    Lot size:
    1.49 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    68
    Last Refresh:
    May 31 at 8:06 pm

    Property Features for 404 N Main Street

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    000000077042
    Lot size
    1.49 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Trista Hill

    Listing agent Trista Hill License #0833223

    Listing office Century 21 Harvey Properties 721 North Center, Bonham, TX

    Listing date Mar 25, 2026

    MLS# 21179575 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

    • City water and sewer are already ON SITE.
    • Located in rapidly expanding Fannin County.
    • Road frontage on two sides.
    • Primed for residential development.
    • Suitable for a business needing exposure (check city zoning).
    • Farm land on two sides.

    Overview

    This is a 1.49-acre parcel of land located in Bailey, Texas, within Fannin County. The property is positioned in a rapidly expanding area and offers road frontage on two sides. City sewer and city water are available and already on site. The land is bordered by farmland on two sides. This property is suitable for residential development or a business requiring significant exposure, subject to city zoning regulations. It presents an investment opportunity for developers, builders, or long-term investors, or for building a home with the convenience of city amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Computer & Electronic Repair Bakery Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bailey
    County
    Fannin
    State
    Texas
    Longitude
    -96.163677
    Latitude
    33.436721

    Nearby Similar for Sale

    • $498,230

      Highway Frontage Land in Bailey, TX

      19.933 acres with highway and county road access.
      Tbd 19.933ac TX-11, Bailey, TX 75413
      View Details
    • $546,250

      57.5 Acres in Bailey, Texas

      Unimproved land suitable for ranch, recreation, hunting, or homesite.
      999-2 CR3805, Bailey, TX 75413
      View Details
    • $779,000

      82 Acres in Bailey, Texas

      Unimproved land suitable for ranch, recreation, hunting, or homesite.
      999-1 CR3805, Bailey, TX 75413
      View Details
    • $1,325,250

      139.5 Acres of Unimproved Land

      Two tracts of land perfect for ranching or recreation.
      999 CR3805, Bailey, TX 75413
      View Details
    • $302,500

      Bailey, TX Unimproved Land

      11 acres of land perfect for agricultural or residential use.
      Tbd 11ac CR 4805, Bailey, TX 75413
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Strategically located land parcel in rapidly expanding Fannin County.
    Where is this residential land & home lot located?
    The property is located at 404 N Main Street Bailey, TX.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: City water and sewer are already ON SITE.; Located in rapidly expanding Fannin County.; Road frontage on two sides.
    (903) 583-3188
    We can help!
    Listing Contact
    Trista Hill
    Real Estate License ID: 0833223
    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
    404 N Main Street, Bailey, TX 75413
    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!