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Property profile & analytics
OFF-MARKET
Land

000 County Road 2116 Ivanhoe, TX 75447

60.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 60.5-acre commercial land parcel in Ivanhoe, Texas, presents a unique investment opportunity. Located in Fannin County at 000 County Rd 2116, zip code 75447 (APN: 000000075695), this property boasts some of the region's finest soil. Currently utilized as improved pasture and hay ground, the land has undergone significant enhancements in the past four years. These improvements include substantial upgrades to forage production, resulting in a dramatically improved yield. Furthermore, drainage systems have been completely overhauled, and all fencing, including cross-fencing, is brand new. The property's elevated position offers stunning views overlooking the Red River bottom. The combination of productive agricultural potential and picturesque scenery makes this a versatile property suitable for a variety of commercial uses. The asking price is $575,000. The property is unzoned, providing flexibility for future development plans. This is a rare opportunity to acquire a well-maintained and highly productive tract of land in a desirable location.

Property profile
Verified
Property type Land
Lot 60.5 ac (2,635,380 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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