Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ravenna, TX Unimproved Land Title is generated by Realmo AI

    CR 1400 lot 6, Ravenna, TX 75476

    View on Map
    Claim this Listing
    For Sale
    $60,000

    LAND - Ravenna, TX

    Lot size:
    1.24 Acres
    Added:
    Jan 9, 2026
    Days on Market:
    148
    Last Refresh:
    Jun 6 at 7:06 am

    Property Features for CR 1400 lot 6

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Cleared
    Standard status
    Active
    APN
    87002
    Lot size
    1.24 Acres

    We can help!

    Listing Contact
    Thomas Banks

    Listing agent Thomas Banks License #0555016

    Listing office CENTURY 21 Patterson Agency Greenville, TX

    Listing date Jan 9, 2026

    MLS# 20524160 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

    • 1.23 acre lot ideal for building a custom home.
    • Convenient access to Red River, Bonham, and the Dallas Metroplex.
    • Water and electricity readily available on the property.
    • Located in a quiet community.
    • Oversized lot allows for ample outdoor space and entertaining.
    • Fenced property.

    Overview

    This 1.24-acre property offers country living in a quiet community. It is suitable for building a home. Located in a great area, the property allows for a commute to the Red River, Bonham, and the Dallas Metroplex. Water and electricity are readily available. The lot provides room for a home and outdoor entertaining. It is located a short drive North of Frisco and McKinney.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Ravenna
    County
    Fannin
    State
    Texas
    Longitude
    -96.2310055
    Latitude
    33.6557979

    Nearby Similar for Sale

    • $1,550,000

      93.87 Acres in Ravenna, TX

      93.87 acres of land with frontage on FM 1753.
      E Maple Street, Ravenna, TX 75476
      View Details
    • $550,000

      Heavily Treed Recreational Land

      Private, heavily treed acreage with a deep creek and well access for recreation, hunting, or a future retreat.
      1975 County Road 1025, Ravenna, TX 75476
      View Details
    • $512,000

      Ravenna Land with Quarry Pond

      Two parcels totaling 28.78 acres with road frontage.
      County Road 1400, Ravenna, TX 75476
      View Details
    • $1,549,999
      4,571 SF

      Texas Ranch with Renovated Home

      56.27-acre ranch featuring a renovated home and premier water features.
      14867 Fm 274, Ravenna, TX 75476
      View Details
    • $1,100,000

      Ranch Land with Ponds and Home

      Versatile 90-acre ranch tract with wide-open pasture, three ponds, and an existing 3-bedroom home.
      208 CEDAR Street, Ravenna, TX 75476
      View Details
    • $520,000

      Ravenna Land with Quarry Pond

      29.18 acres with road frontage and quarry pond.
      TBD 2 County Road 1400, Ravenna, TX 75476
      View Details
    • $349,000

      Wooded Hunting & RV Land with Creek

      Mature trees and a creek create a private, hunting-friendly setting with utilities and a small front house already in place.
      748 County Road 2070, Ravenna, TX 75476
      View Details
    • $499,000

      Ag-Exempt Farmland with Workshop

      30-acre ag-exempt tract with a private well, fenced perimeter, and an electric workshop for storage or projects.
      528 County Road 1120, Ravenna, TX 75476
      View Details
    • $735,000
      4,524 SF

      Versatile Venue with Log Cabin

      Multi-purpose venue suitable for various celebrations and events.
      10525 N State Hwy 78, Ravenna, TX 75476
      View Details

    FAQs

    What type of property is this?
    Land - 1.24 acres in a quiet community, perfect for building.
    Where is this land located?
    The property is located at CR 1400 lot 6 Ravenna, TX.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: 1.23 acre lot ideal for building a custom home.; Convenient access to Red River, Bonham, and the Dallas Metroplex.; Water and electricity readily available on the property.
    (903) 455-7490
    We can help!
    Listing Contact
    Thomas Banks
    Real Estate License ID: 0555016
    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

    Thank You for Inquiry
    CR 1400 lot: 6, Ravenna, TX 75476
    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!