Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Pasture Land with FM Frontage Title is generated by Realmo AI

    Fm-273, Telephone, TX 75488

    View on Map
    Claim this Listing
    For Sale
    $630,000

    LAND - Telephone, TX

    Lot size:
    46.26 Acres
    Added:
    May 8, 2026
    Days on Market:
    27
    Last Refresh:
    Jun 3 at 7:06 pm

    Property Features for Fm-273

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Grassed, Brush, Wooded
    Standard status
    Active
    APN
    125326
    Lot size
    46.26 Acres

    Taxes and HOA fees

    Tax Description
    SMITH OAKS ESTATES, LOT 1, ACRES 46.42
    Tax Annual Amount
    37

    We can help!

    Listing Contact
    Chris Johnson
    Chris Johnson

    Listing agent Chris Johnson License #200452

    Listing office FanninLand Realty Bonham, TX

    Listing date May 8, 2026

    MLS# 21209280 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

    • 46‑acre tract in Fannin County near the community of Telephone, TX
    • Over 0.3 mile of FM road frontage and perimeter fencing
    • Stock tank, native grass pasture, and light timber along the back boundary
    • Cross‑fenced layout suited for grazing or livestock operations
    • Electricity accessible via an existing powerline along the front of the property
    • Community water available through Bois d'Arc rural water supply; in A‑rated Sam Rayburn ISD

    Overview

    This 46.263-acre tract offers a mix of pasture and privacy features in a rural setting near the community of Telephone, Texas. The property includes perimeter fencing, native grass pasture, and cross-fence lines designed to support day-to-day livestock management. A stock tank is also present, and there is light timber along the back boundary that adds character and helps define the edges of the land.

    Road access is supported by more than a third of a mile of FM road frontage, providing visibility and practical entry for routine use. Electricity is accessible via an existing powerline along the front of the property, and community water is available through Bois d'Arc rural water supply. The tract is served by Sam Rayburn ISD, noted as A-rated in the listing.

    With its combination of pasture ground, fencing, and available utilities, this land can work for buyers seeking a quiet country homesite while still leaving room for agricultural or recreational priorities. It’s also positioned well for operating a cattle operation or producing hay, given the established pasture profile and internal cross-fencing. As with all listings, interested parties should verify details during due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Telephone
    County
    Fannin
    State
    Texas
    Longitude
    -96.0052831
    Latitude
    33.7906551

    Nearby Similar for Sale

    • $599,900

      Waterfront Commercial Land with Dock Access

      Undeveloped lakefront commercial parcel on FM 1396 with dock capability and proximity to public boat ramps.
      Fm-1396, Carson, TX 75488
      View Details
    • $250,000

      Unrestricted Waterfront Recreation Land

      Unrestricted land with meadow, mature trees, and creek access feeding Lake Bois D'Arc for flexible weekend or homesite use.
      County Road 2615, Lamasco, TX 75488
      View Details
    • $4,131,622

      Recreational Hunting and Hay Pasture Land

      Large North Texas tract with productive wheat pasture, hay meadows, creeks, and springs—ideal for recreation and long-term investment.
      001 County Road 2145, Telephone, TX 75488
      View Details
    • $125,000

      Hunting Land with Well

      About five acres backing US Government land, with a water well and electric for outdoor living or a hunting cabin.
      4451 County Road 2295, Telephone, TX 75488
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Versatile Fannin County tract with fenced native grass pasture, a stock tank, and utilities suited for homesite or agricultural use.
    Where is this agricultural land / farmland located?
    The property is located at Fm-273 Telephone, TX.
    What is the asking price?
    The asking price for this property is $630,000.
    What are key features of this property?
    This property features: 46‑acre tract in Fannin County near the community of Telephone, TX; Over 0.3 mile of FM road frontage and perimeter fencing; Stock tank, native grass pasture, and light timber along the back boundary
    (903) 583-8538
    We can help!
    Listing Contact
    Chris Johnson
    Chris Johnson
    Real Estate License ID: 200452
    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-273, Telephone, TX 75488
    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!