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    The Largest CRE Database in the US with Over 1 Million Listings

    632 Fm 1701 Annona, TX 75550

    Sponsored
    For Sale
    $590,000

    Farm/Estate, Ranch - Annona, TX

    Type:Farm
    Property size:
    3,000 SF
    Lot size:
    22.44 Acres
    Days on Market:
    250
    Last Refresh:
    Jan 25 at 11:06 pm

    Property Features for 632 Fm 1701

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Living Room
    Bedrooms
    3
    Bathrooms
    3
    Parking features
    Carport, Garage, Garage - Attached
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Refrigerator, Washer
    Size
    3,000 SF
    Lot size
    22.44 Acres

    Utilities

    Heating system
    Electric (Heating), Fireplace(s), Forced Air, Wood (Heating), Wood Stove
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    1993
    Year renovated
    1993
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Chris Harvey

    East Texas Land and Real Estate (903) 933-9222

    Listing agent Chris Harvey (903) 933-9222

    Listing date May 21, 2025

    MLS# 11501281 Listing URL

    Copyright © 2026 My State MLS. 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

    Annona Ranch Home with Pond

    Located in Red River County, this 3000 square foot ranch home offers three bedrooms and three bathrooms. The custom home features a spacious, open floor plan with views from every room. The kitchen is equipped with double ovens, a trash compactor, an ice machine, and a large French door refrigerator, along with custom cabinets, countertops, and a large bar. The living room includes a traditional fireplace with a blower system ducted into the HVAC system. The master bedroom has a remodeled bathroom featuring a king-size shower. The back porch offers space for outdoor activities and views of the surrounding wildlife and nature. A pond stocked with hybrid Florida bass, Red Eared perch, and Channel catfish is located in the backyard. The property includes heavily wooded acreage with hardwoods and pines. Additional features include a two-car garage, a 25 x 50 shop or storage building, and a large permanent metal camper cover. The property is situated on 22.44 acres with no Home Owners Association.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Annona
    County
    Red River
    State
    Texas
    Longitude
    -94.884703
    Latitude
    33.53015

    Nearby Similar for Sale

    • $815,000
      2,557 SF

      97-Acre Ranch with Spacious Home

      Charming East Texas ranch with a 2,557 sq ft home.
      15326 Fm 412, Annona, TX 75550
      View Details

    FAQs

    What type of property is this?
    Farm - Secluded ranch home on 22.44 acres with stocked pond.
    Where is this farm located?
    The property is located at 632 Fm 1701 Annona, TX.
    What is the asking price?
    The asking price for this property is $590,000.
    What are key features of this property?
    This property features: - Secluded 3000 sq. ft. ranch home on heavily wooded acreage with no HOA or visible neighbors.; - Stocked pond with hybrid Florida bass, Red Eared perch, and Channel catfish.; - Spacious, open floor plan with paralyzing views from every room.
    (903) 933-9222
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    632 Fm 1701 Annona, TX 75550
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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
    632 Fm 1701 Annona, TX 75550
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    We can help!
    Listing Contact
    Chris Harvey
    (903) 933-9222
    Learn more
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