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    Development-Ready Land with Major Frontage Title is generated by Realmo AI

    4400 N State Hwy 121, Bonham, TX 75418

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    For Sale
    $999,000

    LAND - Bonham, TX

    Property size:
    1,500 SF
    Lot size:
    34.00 Acres
    Price / SF:
    $666/SF
    Added:
    Mar 7, 2026
    Days on Market:
    93
    Last Refresh:
    Jun 8 at 9:06 am

    Property Features for 4400 N State Hwy 121

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Grassed, Wooded
    Standard status
    Active
    APN
    000000073049
    Lot size
    34.00 Acres

    Taxes and HOA fees

    Tax Description
    A0196 M COX, ACRES 34.0
    Tax Annual Amount
    2465

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1976

    We can help!

    Listing Contact
    Stuart Hall
    Stuart Hall

    Listing agent Stuart Hall License #0665059

    Listing office FRONTIER PROPERTIES REAL ESTATE, LLC Bonham, TX

    Listing date Mar 7, 2026

    MLS# 20892127 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

    • 34‑acre tract just outside Bonham city limits with 450+ ft of frontage on Highway 121
    • More than 1,100 ft of frontage along County Road 1465 for multiple potential access points
    • 1,500 SF brick home built in 1976 on the property
    • Home has central heating and central air
    • Sewer service listed as septic tank

    Overview

    This 34-acre property sits just outside Bonham city limits and is configured to support future development or subdivision. The tract offers substantial road frontage, including more than 450 feet along Highway 121 and over 1,100 feet along County Road 1465, providing ample opportunity for multiple entry points. On-site, there is a well-maintained 1,500-square-foot brick home built in 1976, which can serve as a residence, rental, or even a sales office as development plans move forward.

    Access is a key advantage here, driven by the property’s placement on two public roads. The combination of highway visibility and long county-road frontage helps the site function well for phased planning, whether the end goal is residential lots, a commercial development, or a blend of both. The offering is positioned for buyers looking to capitalize on a rapidly growing area.

    For developers and investors, the existing home adds practical flexibility during the entitlement and construction phases, allowing for an interim setup while the land is marketed or prepared. The overall size and frontage profile make the property especially relevant for anyone evaluating subdivision potential or a large-format development where access, ingress/egress options, and interim improvements matter.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Gym & Fitness Center Department Store Kitchen & Bath Showroom Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonham
    County
    Fannin
    State
    Texas
    Longitude
    -96.183244
    Latitude
    33.625588

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    FAQs

    What type of property is this?
    Residential land & home lot - A 34-acre tract with extensive highway and county-road frontage plus an existing brick home for interim use or redevelopment planning.
    Where is this residential land & home lot located?
    The property is located at 4400 N State Hwy 121 Bonham, TX.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: 34‑acre tract just outside Bonham city limits with 450+ ft of frontage on Highway 121; More than 1,100 ft of frontage along County Road 1465 for multiple potential access points; 1,500 SF brick home built in 1976 on the property
    (903) 583-8721
    We can help!
    Listing Contact
    Stuart Hall
    Stuart Hall
    Real Estate License ID: 0665059
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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
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    4400 N State Hwy 121, Bonham, TX 75418
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