Sign Up Successful!
You now have access to more from Realmo!
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

    2994 Co Rd Windom, TX 75492

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

    Current Use by Public Records

    • Land

    Property Details for 2994 Co Rd

    Lot size
    50.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional offering presents a unique opportunity to acquire 50 acres of raw land in Windom, Texas, located on Co Rd 2994, zip code 75492, Fannin County. Currently zoned undetermined, this property boasts significant potential for diverse uses, given its agricultural, commercial, and residential subtypes. The asking price is $1,400,000. The land is privately owned and benefits from an existing agricultural exemption. A key feature is the adjacent 50-acre parcel, also available, creating the possibility of acquiring a total of 100 acres. Utilities are conveniently located next to the property. The seller is open to negotiating a separate sale of this 50-acre parcel, depending on the offer. For those interested in maintaining the agricultural exemption, the current farmer is willing to continue cultivating crops and managing livestock. This presents a compelling investment opportunity in a desirable Texas location, offering flexibility and potential for various development scenarios. The property's latitude and longitude coordinates are 33.5790179 and -95.9930131 respectively. There are no deed restrictions on this county land.

    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
    -95.993
    Latitude
    33.579

    Comparable in this City

    • Value Estimation by Request
      4,620 SF

      414 Main St

      COMMERCIAL (GENERAL) • 4,620 SF
      414 Main St, Windom, TX 75492-5403
      View Details
    • Value Estimation by Request
      0.13 Acres

      Windom, TX 75492

      COMMERCIAL (GENERAL) • 0.13 Acres
      Windom, TX 75492
      View Details
    • Value Estimation by Request
      2,816 SF

      300 3rd St

      COMMERCIAL (GENERAL) • 2,816 SF
      300 3rd St, Windom, TX 75492
      View Details
    • Value Estimation by Request
      0.23 Acres

      Hwy 56

      VACANT COMMERCIAL LAND • 0.23 Acres
      Hwy 56, Windom, TX 75492
      View Details
    • Value Estimation by Request
      2,800 SF

      Windom, TX 75492

      COMMERCIAL (GENERAL) • 2,800 SF
      Windom, TX 75492
      View Details
    • Value Estimation by Request
      4,228 SF

      406 Main St

      COMMERCIAL (GENERAL) • 4,228 SF
      406 Main St, Windom, TX 75492-5403
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Texas Duck Hunting Paradise

      Prime hunting land with lake, ponds, and Quonset huts.
      702 County Road 2970, Windom, TX 75492
      View Details
    • $950,000
      20.00 Acres

      Windom Ranch with Highway Frontage

      20-acre ranch near Bois d’Arc Lake with commercial potential.
      643 County Road 2992, Windom, TX 75492
      View Details
    • $1,400,100
      233.35 Acres

      233.35 Acres Untamed Land Investment

      233.35 acres of land near Bois D Arc Lake.
      Tbd Fm Hwy 1743, Honey Grove, TX 75492
      View Details
    • Contact for pricing

      Land Available in Windom, Texas

      Land for sale in Windom, Texas, priced at $675,000.
      237 Lakeshore Ter, Windom, TX 75492
      View Details
    • $1,499,900
      1.47 Acres

      Lakefront Land with Sunset Views

      Dock-capable lakefront lot with unobstructed sunset views on Bois d'Arc Lake.
      434 Harborside Ter, Windom, TX 75492
      View Details
    • Contact for pricing

      Land Available in Windom, Texas

      Land for sale in Windom, TX, FM 1396.
      Fm 1396, Windom, TX 75492
      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.
    2994 Co Rd
    Windom, TX 75492
    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.