Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    FM 1696 Iola, TX 77861

    View on Map
    Claim this Listing
    New
    For Sale
    $365,300

    LAND - Iola, TX

    Lot size:
    28.10 Acres
    Added:
    May 5, 2026
    Days on Market:
    4
    Last Refresh:
    May 8 at 1:06 am

    Property Features for FM 1696

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Grimes
    Fencing
    Barbed Wire
    Standard status
    Active
    APN
    TBD FM 1696 402
    Lot size
    28.10 Acres

    Taxes and HOA fees

    Tax Year
    2025

    We can help!

    Listing Contact
    Carla Henderson
    Carla Henderson

    Listing agent Carla Henderson License #0456698

    Listing office Aggieland 5601 Blue Ridge Dr, College Station, TX

    Listing date May 5, 2026

    MLS# 26005484 Listing URL

    Copyright © 2026 Bryan-College Station Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 28.10 +/- Acres of Land
    • Located in Iola ISD
    • Priced to Sell
    • Mix of Open Pasture and Mature Trees
    • Paved Road Frontage
    • Approximately 30 Minutes to Bryan/College Station

    Overview

    28 Acres in Iola ISD

    This 28.10-acre tract, located in the Iola School District, features a mix of open pasture and mature trees. A small oilpad road enhances the land's functionality. The property is situated approximately 30 minutes from Bryan/College Station. Electric service will need to be provided by Mid South Electric out of Navasota. The property has paved road frontage. A water well will be needed for water source. This property is suitable for building, running cattle, or use as a weekend getaway. Minerals are negotiable.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Iola
    County
    Grimes
    State
    Texas
    Longitude
    -96.079011
    Latitude
    30.8012371

    Nearby Similar for Sale

    • $600,000
      1,963 SF

      Texas Country Paradise Farm-Ranch

      Beautifully maintained 4-bedroom home on 2.17 acres with pool.
      20874 Farm To Market 244, Iola, TX 77861
      View Details
    • $125,000

      Residential Land in King Oaks

      1.08 acre lot with mature trees in Iola, TX.
      10559 Hampton Court, Iola, TX 77861
      View Details
    • $169,500

      Residential Lot in King Oaks

      1.58-acre lot in King Oaks neighborhood.
      10223 Cambridge Drive, Iola, TX 77861
      View Details
    • $119,500

      Residential Lot in King Oaks

      1.05-acre lot for custom home in King Oaks.
      9635 Belgrave Square, Iola, TX 77861
      View Details
    • $250,000

      Residential Land in Kings Oaks

      3.04-acre homesite in Kings Oaks master-planned community.
      10144 Albert Drive, Iola, TX 77861
      View Details
    • $250,000

      Residential Land in Kings Oaks

      3.04-acre homesite in Kings Oaks master-planned community.
      10144 Albert Drive, Iola, TX 77861
      View Details
    • $889,000
      7,440 SF

      Industrial Shop/Warehouse on 8 Acres

      7,440 SF industrial shop/warehouse on 8 acres near Iola, TX.
      19754 FM 39, Iola, TX
      View Details
    • $299,900

      King Oaks Corner Lot

      3.339 acre corner lot in King Oaks Subdivision.
      Bishop, Iola, TX 77861
      View Details
    • $159,900

      Wooded Homesite in King Oaks

      1.95 acre wooded homesite in King Oaks community.
      9733 Lancaster Drive, Iola, TX 77861
      View Details
    • $169,500

      Residential Lot in King Oaks

      1.58-acre lot in King Oaks neighborhood.
      10223 Cambridge Drive, Iola, TX 77861
      View Details
    • $119,500

      Residential Lot in King Oaks

      1.05-acre lot for custom home in King Oaks.
      9635 Belgrave Square, Iola, TX 77861
      View Details
    • $79,500

      Residential Land in Iola, TX

      1.10-acre lot in Iola ISD, build your dream home.
      16547 Kelton Lane, Iola, TX 77861
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 28 acres in Iola, TX, perfect for building or recreation.
    Where is this agricultural land / farmland located?
    The property is located at FM 1696 Iola, TX.
    What is the asking price?
    The asking price for this property is $365,300.
    What are key features of this property?
    This property features: 28.10 +/- Acres of Land; Located in Iola ISD; Priced to Sell
    (979) 846-8326
    We can help!
    Listing Contact
    Carla Henderson
    Carla Henderson
    Real Estate License ID: 0456698
    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
    FM 1696, Iola, TX 77861
    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!