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    Rural Recreational Acreage Tract Title is generated by Realmo AI

    FM 824, Honey Grove, TX 75446

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    Claim this Listing
    Pending
    $270,864

    LAND - Honey Grove, TX

    Lot size:
    28.51 Acres
    Added:
    May 11, 2026
    Days on Market:
    28
    Last Refresh:
    Jun 7 at 6:06 am

    Property Features for FM 824

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    129710
    Lot size
    28.51 Acres

    Taxes and HOA fees

    Tax Description
    A163 J H CROWDER SURVEY, TRACT 18, ACRES 28.5
    Tax Annual Amount
    37

    We can help!

    Listing Contact
    John McCraw

    Listing agent John McCraw License #0822758

    Listing office FRONTIER PROPERTIES REAL ESTATE, LLC Bonham, TX

    Listing date May 11, 2026

    MLS# 21174698 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

    • 28.5‑acre tract in Dial, TX
    • Located minutes from the new Ralph Hall Lake
    • Features Snow Creek along the east boundary
    • Suited for homesite, recreation, or agriculture
    • Wide‑open spaces, privacy, and peaceful rural setting
    • Strong long‑term potential in a growing area

    Overview

    This offering is a 28.5-acre rural tract in Dial, Texas, with wide-open space, privacy, and a peaceful setting. A notable natural feature is Snow Creek along the east boundary, providing an attractive water element and scenic backdrop. The land is positioned as a flexible acreage opportunity for a homesite, recreational retreat, or agricultural use, with room for buyers who value solitude and space.

    The property is located in the Honey Grove area on FM 824 in Lamar County. It is described as being just minutes from the new Ralph Hall Lake development currently underway, which may add future recreational opportunities as plans come to fruition.

    For buyers seeking land rather than an existing improvement, this tract fits well for anyone looking to establish a private residence with room to spread out, or to create a recreational setting that benefits from the natural creek along the eastern edge. Those interested in agricultural uses may also find the parcel’s open layout and rural character practical for a range of low-intensity activities. As a growing-area acreage opportunity with water-adjacent character, it presents a straightforward platform for long-term planning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Honey Grove
    County
    Fannin
    State
    Texas
    Longitude
    -95.903153
    Latitude
    33.577438

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    FAQs

    What type of property is this?
    Residential land & home lot - Spacious 28.5-acre tract with Snow Creek frontage, suited for a private homesite, recreation, or agricultural use.
    Where is this residential land & home lot located?
    The property is located at FM 824 Honey Grove, TX.
    What is the asking price?
    The asking price for this property is $270,864.
    What are key features of this property?
    This property features: 28.5‑acre tract in Dial, TX; Located minutes from the new Ralph Hall Lake; Features Snow Creek along the east boundary
    (903) 583-8721
    We can help!
    Listing Contact
    John McCraw
    Real Estate License ID: 0822758
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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.

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