Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Nocona, TX Unimproved Land Title is generated by Realmo AI

    Doe Lane, Nocona, TX 76255

    View on Map
    Claim this Listing
    For Sale
    $109,000

    LAND - Nocona, TX

    Lot size:
    5.22 Acres
    Added:
    Mar 30, 2026
    Days on Market:
    66
    Last Refresh:
    Jun 3 at 3:06 am

    Property Features for Doe Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R000026910
    Lot size
    5.22 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 5.220 LOT 26 BONITA OAKS RANCH S/D
    Tax Annual Amount
    1423

    Utilities

    Sewer type
    Aerobic Septic

    We can help!

    Listing Contact
    Greg Fife

    Listing agent Greg Fife License #0739890

    Listing office Butch Fife, REALTORS Sherman, TX

    Listing date Mar 30, 2026

    MLS# 20925447 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

    • Premium 5‑acre lot in desirable Bonita Oaks Subdivision.
    • Peaceful, private, and quiet rural neighborhood.
    • Surrounded by beautiful oak trees.
    • Opportunity to be among the first to build in the subdivision.
    • New road access to the property.
    • Located in the back of the subdivision for added privacy.

    Overview

    This is a 5.22-acre lot located in the Bonita Oaks Subdivision in Nocona, Texas. The property is situated in a private and quiet rural neighborhood consisting of 5-acre lots. The lot is a premium lot surrounded by oak trees in a peaceful community. A new road provides access to the property, which is located in the back of the subdivision. This property is located in Montague County, with postal code 76255.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Nocona
    County
    Montague
    State
    Texas
    Longitude
    -97.7765
    Latitude
    33.8208

    Nearby Similar for Sale

    • $600,000
      3,900 SF

      Downtown Nocona Office Building For Sale

      Versatile office building in downtown Nocona, ideal for various businesses.
      201 Clay Street, Nocona, TX 76255
      View Details
    • $975,000
      2,553 SF

      Nocona Ranch with Panoramic Views

      Stunning 40-acre ranch featuring a custom-built home and abundant wildlife.
      2930 N Greenbrier Road, Nocona, TX 76255
      View Details
    • $850,000
      2,938 SF

      Nocona Ranch with Custom Log Home

      26.8-acre ranch featuring a custom log home and equestrian facilities.
      4179 Rock Springs School Road, Nocona, TX 76255
      View Details
    • $4,900,000
      4,146 SF

      Nocona Custom Home on Acreage

      Spacious custom home on 178 acres with extensive amenities.
      1080 N Greenbrier Road, Nocona, TX 76255
      View Details
    • $755,000
      2,128 SF

      Nocona Ranch with Spacious Home

      40-acre ranch featuring a 2,128 sq ft home.
      381 W Mccool Road, Nocona, TX 76255
      View Details
    • $859,999
      1,914 SF

      Nocona Ranch with Modern Comforts

      34-acre ranch featuring updated home, pool, and shop.
      978 Longbranch Road, Nocona, TX 76255
      View Details
    • $1,150,000

      Historic Feed Store and Storage

      Historic feed store with extensive storage and working truck scales, positioned for strong access off multiple main roads.
      9 Clay Street, Nocona, TX 76255
      View Details
    • $524,550

      Commercial Development Land with Highway Frontage

      A 26.9-acre tract with Highway 82 frontage and flexible zoning potential for commercial or residential development.
      W Hwy 82, Nocona, TX 76255
      View Details
    • $4,071,665

      Ranch Land with Ponds

      North Texas ranch offering improved pastures, multiple ponds, and onsite utilities for flexible livestock and recreation use.
      2116 Fm-3301, Nocona, TX 76255
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5.22 acre lot in Bonita Oaks Subdivision, Nocona, TX.
    Where is this residential land & home lot located?
    The property is located at Doe Lane Nocona, TX.
    What is the asking price?
    The asking price for this property is $109,000.
    What are key features of this property?
    This property features: Premium 5‑acre lot in desirable Bonita Oaks Subdivision.; Peaceful, private, and quiet rural neighborhood.; Surrounded by beautiful oak trees.
    (903) 891-3066
    We can help!
    Listing Contact
    Greg Fife
    Real Estate License ID: 0739890
    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
    Doe Lane, Nocona, TX 76255
    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!