Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1521 State Highway 121 Bonham, TX 75418

    Sponsored
    For Sale
    $795,000

    High-traffic Bonham retail building, 3500 sq ft.

    Property size:
    3,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    353
    This exceptional 3,500 square foot retail property is situated on a highly visible 0.7-acre lot along the busy State Highway 121 in Bonham, Texas. Its strategic location offers excellent exposure, benefiting from proximity to Bonham High School, numerous restaurants, and a Walmart. The building itself is a well-constructed metal structure, featuring two distinct areas designed for optimal functionality. A 1,500 square foot (30' x 50') showroom boasts a vaulted ceiling, spray foam insulation for energy efficiency, a restroom, and a practical workspace complete with a built-in countertop. The second area, a 2,000 square foot (40' x 50') insulated workshop, is equipped with three convenient roll-up doors, a walk-in door, a restroom, and a 12' x 11' kitchenette/break room, perfect for employee convenience. Ample parking is provided by a paved lot in front and a circular gravel driveway at the rear, ensuring easy access and maneuverability. The property is ideally positioned to capitalize on the significant growth and influx of new businesses currently transforming the area. This versatile space presents a remarkable opportunity for a variety of retail or commercial ventures seeking a prominent location with excellent visibility and functional design. The asking price is $795,000.

    Property Features for 1521 State Highway 121

    General Information

    Property type
    Retail properties
    Square Feet
    3,500 SF
    Lot Size
    30,492 SF

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    Angel Titsworth

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonham
    County
    Fannin
    State
    Texas
    Longitude
    -96.19302
    Latitude
    33.58813

    Nearby Similar for Sale

    • New
      $899,900
      2,360 SF

      Bonham Ranch with Pond and Barn

      37.6-acre ranch featuring a pond, barn, and luxurious home.
      1430 County Road 3025, Bonham, TX 75418
      View Details
    • $1,975,000
      8.25 Acres

      New RV Park Investment Opportunity

      New RV park with expansion potential on 8.25 acres.
      6869 S State Highway 121, Bonham, TX 75418
      View Details
    • $1,325,000
      2,636 SF

      Versatile Acreage with Income Potential

      60-acre property suited for development, investment, or rental ventures.
      2227 Fm 2815 S, Bonham, TX 75418
      View Details
    • $460,000
      2,280 SF

      Bonham, TX 11-Acre Farm

      Charming 11-acre farm with stocked pond and outbuildings.
      7067 N State Highway 78, Bonham, TX 75418
      View Details
    • New
      $257,900
      0.27 Acres

      Bonham Duplex on Corner Lot

      Well-maintained duplex on a large corner lot in Bonham, TX.
      708 Seven Oaks Rd, Bonham, TX 75418
      View Details
    • $225,000
      0.06 Acres

      Bonham, TX Commercial Building

      Two-story commercial building in Bonham's growing downtown area.
      318 N Main St, Bonham, TX 75418
      View Details
    • $438,000
      2.06 Acres

      Bonham Mixed-Use Development Opportunity

      Two-acre commercial property with shop and home in Bonham, TX.
      1604 N Center St, Bonham, TX 75418
      View Details
    • New
      $750,000
      3,572 SF

      Bonham Estate with Vehicle Shop

      Spacious home on 11 acres with a 40x60 shop.
      3439 S Fm 271, Bonham, TX 75418
      View Details
    • New
      $675,000
      1,900 SF

      Bonham Farm/Ranch on 12 Acres

      Country living close to town on almost 12 acres.
      679 County Road 1465, Bonham, TX 75418
      View Details
    • $735,000
      1,392 SF

      Bonham Ranch with Fenced Pasture

      45.288-acre ranch featuring fenced pastureland, barn, and shop.
      1601 County Road 3106, Bonham, TX 75418
      View Details
    • $530,800
      1,568 SF

      Bonham, TX Farm/Ranch Property

      31-acre property near Bonham State Park with useful improvements.
      1980 County Road 3040, Bonham, TX 75418
      View Details
    • $309,999
      1,980 SF

      Bonham Multifamily Investment Opportunity

      Renovated multifamily property in Bonham, TX with income potential.
      713 Sam Rayburn Rd W, Bonham, TX 75418
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic Bonham retail building, 3500 sq ft.
    Where is this retail property located?
    The property is located at 1521 State Highway 121 Bonham, TX.
    What is the asking price?
    The asking price for this property is $795,000.
    Request Owner's contact information
    1521 State Highway 121 Bonham, TX 75418
    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.
    1521 State Highway 121
    Bonham, TX 75418
    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
    1521 State Highway 121 Bonham, TX 75418
    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

    We can help!
    Listing Contact
    Angel Titsworth
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.