Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Fm 1743 Windom, TX 75446

    • Land
    • 50.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Fm 1743

    Lot size
    50.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 50-acre property in Honey Grove, Texas, presents a unique investment opportunity. Located on FM 1743 in Fannin County, zip code 75446, this land boasts an agricultural exemption, offering significant tax advantages. Currently zoned undetermined, the property's versatility allows for a range of uses, including agricultural, commercial, and residential development. The asking price is $1,400,000. This offering includes the potential for acquiring an adjacent 50-acre parcel, totaling 100 acres, for a comprehensive development plan. The land is county land without deed restrictions, and utilities are conveniently located nearby. For those seeking to maintain the agricultural exemption, the current farmer is willing to continue crop planting and livestock management. The seller is open to negotiating a separate sale of the 50-acre parcel, depending on the offer. This is a rare chance to own a substantial piece of Texas land with immense potential. The property's latitude and longitude coordinates are 33.58428361653051 and -96.00075378546205 respectively. Seize this opportunity to build your dream in the heart of Texas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Windom
    County
    Fannin
    State
    Texas
    Longitude
    -96.0008
    Latitude
    33.5843

    Comparable in this City

    • Value Estimation by Request
      45.78 Acres

      20280 Us-82

      Farms • 45.78 Acres
      20280 Us-82, Honey Grove, TX 75446
      View Details
    • Value Estimation by Request
      29.81 Acres

      415 Co Rd

      Farms • 29.81 Acres
      415 Co Rd, Honey Grove, TX 75446
      View Details
    • Value Estimation by Request
      165.00 Acres

      801 County Road 36010

      Farms • 165.00 Acres
      801 County Road 36010, Honey Grove, TX 75446
      View Details
    • Value Estimation by Request
      134.04 Acres

      Fm-38

      Farms • 134.04 Acres
      0 Fm-38, Petty, TX 75446
      View Details
    • Value Estimation by Request
      1.31 Acres

      Bois D Arc St

      Land • 1.31 Acres
      0 Bois D Arc St, Honey Grove, TX 75446
      View Details
    • Value Estimation by Request
      1.44 Acres

      Old 1396

      Land • 1.44 Acres
      0 Old 1396, Honey Grove, TX 75446
      View Details

    Similar Nearby for Sale

    • $2,931,500
      286.00 Acres

      Unimproved Land Near Bois d’Arc Lake

      286 acres of farmland and grasslands near Honey Grove, Texas.
      36010 County Line Rd, Honey Grove, TX 75446
      View Details
    • $650,000
      76.86 Acres

      76.86 Acres in Lamar County

      Versatile land ideal for livestock, recreation, or homesite.
      000 Cr 36010, Honey Grove, TX 75446
      View Details
    • $567,000
      42.00 Acres

      42 Acres of Texas Land

      Unimproved land near Hwy 82, perfect for recreation or farming.
      38 Tx, Honey Grove, TX 75446
      View Details
    • $3,626,700
      231.00 Acres

      Honey Grove Unimproved Land Opportunity

      231 acres near Bois D'Arc Lake, suitable for development.
      231 Acres Tbd Fm 100, Honey Grove, TX 75446
      View Details
    • $1,775,000
      142.00 Acres

      Honey Grove Unimproved Land For Sale

      142 acre Honey Grove, TX land, ideal investment or dream home.
      1 County Rd 3430, Honey Grove, TX 75446
      View Details
    • $220,000
      11.00 Acres

      Unimproved Land Near Bois'D Arc Lake

      11 acres of agricultural land near Honey Grove, Texas.
      800 County Road 2870, Honey Grove, TX 75446
      View Details
    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.
    Fm 1743
    Windom, TX 75446
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!