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    Improved Pasture Ranch Land Title is generated by Realmo AI

    County Road 2130, Telephone, TX 75488

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    Claim this Listing
    Pending
    $990,000

    LAND - Telephone, TX

    Lot size:
    120.26 Acres
    Added:
    May 4, 2026
    Days on Market:
    35
    Last Refresh:
    Jun 7 at 3:06 am

    Property Features for County Road 2130

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded, Grassed
    Standard status
    Pending
    APN
    000000119092
    Lot size
    120.26 Acres

    Taxes and HOA fees

    Tax Description
    A1022 I SMITH, ACRES 57.838 & A1308 F HART, 58.82
    Tax Annual Amount
    49

    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 May 4, 2026

    MLS# 21045417 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

    • Improved pasture land with thick coastal bermuda grass and sandy loam soil
    • Good perimeter fencing plus cross fencing for cattle operation setup and expansion
    • Includes good surface water for livestock use
    • Bottom land portion suited for construction of a large duck slough for recreation or potential lease income
    • Ranch acreage totals 412 acres with the home included in another listing; option to buy part or all

    Overview

    This offering presents well-cared-for improved pasture land with thick coastal bermuda grass and sandy loam soil. The property includes good perimeter fencing and cross fencing, plus surface water, supporting a practical setup for beginning or expanding an existing cattle operation. In addition to the pasture areas, the land features bottom land that the seller describes as suited for construction of a large duck slough, providing additional recreational and potential income opportunities. The tract is 120.26 acres.

    Located in Fannin County near Telephone, Texas, the property fronts County Road 2130 and includes acreage that the seller notes is rarely offered for sale in the area. There are also several beautiful homesites included on the ranch, giving buyers the option to combine agricultural use with residential planning.

    For buyers seeking productive ranch land, the combination of fencing, surface water, and established pasture coverage makes this a compelling fit. The presence of both improved pasture and bottom land supports multiple ways to use the tract, whether the priority is livestock production, a future water-feature plan, or building on one of the homesites. The seller also notes that a home is included in another listing for a combined total of 412 acres, with the option to buy part or all.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Telephone
    County
    Fannin
    State
    Texas
    Longitude
    -96.063484
    Latitude
    33.77856

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    FAQs

    What type of property is this?
    Ranch - Well-fenced improved pasture with surface water and multiple homesites, offering strong flexibility for cattle operations and future development.
    Where is this ranch located?
    The property is located at County Road 2130 Telephone, TX.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: Improved pasture land with thick coastal bermuda grass and sandy loam soil; Good perimeter fencing plus cross fencing for cattle operation setup and expansion; Includes good surface water for livestock use
    (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.

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