Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1709 Bonham Bonham, TX 75418
    Back to Search
    Property profile & analytics

    1709 Bonham, Bonham, TX 75418

    View on Map
    • Retail properties & Spaces
    • 2,820 SF
    • 9.67 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1709 Bonham

    Year built
    1996
    Lot size
    9.67 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional investment opportunity encompasses 9.67 acres of land in Bonham, Texas, strategically situated along State Highway 121. The property boasts over 400 feet of highway frontage, providing unparalleled visibility and accessibility. Three existing highway entrances enhance convenience. The site presents significant development potential, combining a currently operating restaurant with substantial additional acreage. The existing restaurant building, approximately 2,820 square feet, is situated on a 0.66-acre parcel zoned for business use. A separate 9.07-acre tract is zoned multi-family. This larger parcel includes a 2,400 square foot home (per Fannin CAD). The property's zoning allows for diverse development options, catering to a range of commercial and residential uses. The asking price is $4,600,000, translating to $1,631 per square foot. Built in 1996, the single-story restaurant offers immediate income potential, while the expansive land provides a platform for future expansion and development. The property's location on a major thoroughfare in a rapidly growing area makes it an attractive investment for both developers and business owners. The APN is 000000079778. This property is located at 1709 N State Highway 121, Bonham, TX 75418.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bonham
    County
    Fannin
    State
    Texas
    Longitude
    -96.193
    Latitude
    33.5901

    Comparable in this City

    • Value Estimation by Request
      2,000 SF

      2160 Tx-121

      Restaurants
      2160 Tx-121, Bonham, TX 75418
      View Details
    • Value Estimation by Request
      4,400 SF

      Russell Ave

      Retail properties & Spaces
      0 Russell Ave, Trenton, TX 75418
      View Details
    • Value Estimation by Request
      57.90 Acres

      Us-82

      Farms
      0 Us-82, Bonham, TX 75418
      View Details
    • Value Estimation by Request
      9.79 Acres

      Neq Hwy 82 & Pecan St

      Land
      0 Neq Hwy 82 & Pecan St, Bonham, TX 75418
      View Details
    • Value Estimation by Request
      121.50 Acres

      CR4145 Bonham

      Land
      CR4145 Bonham, Bonham, TX 75418
      View Details
    • Value Estimation by Request
      12.36 Acres

      56 12.36 Acres Hwy 121 & Hwy

      Land
      56 12.36 Acres Hwy 121 & Hwy, Bonham, TX 75418
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,000 SF

      Commercial/Retail Land Near Bois D’Arc

      12.36 acres of commercial/retail land near Bois D’Arc Lake.
      1522 W Sam Rayburn Dr, Bonham, TX 75418
      View Details
    • $795,000
      3,500 SF

      Prime Retail Space on Hwy 121

      High-traffic Bonham retail building, 3500 sq ft.
      1521 State Highway 121, Bonham, TX 75418
      View Details
    • $155,000
      224,769 SF

      Bonham, Texas Land Opportunity

      Unrestricted 5.16-acre lot near Bois D'Arc Lake.
      1155 County Road 1155, Bonham, TX 75418
      View Details
    • $210,000
      457,380 SF

      10.5 Acres Wooded Land in Ector

      Wooded 10.5-acre parcel with ponds near Sherman and Bonham.
      9999 Fm 2645, Bonham, TX 75418
      View Details
    • $252,500

      Corner Lot in Bonham, Texas

      Land at the corner of Agnew and Lee Streets.
      1700 Agnew St, Bonham, TX 75418
      View Details
    • Contact for pricing

      Bonham Land for Sale

      12.36 acres of land available in Bonham, Texas.
      12.36 Acres Hwy 121 & Hwy 56, Bonham, TX 75418
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Space with Equipment Included

      Restaurant space for rent, includes vent hood and grease trap.
      1219 W Russell Ave, Bonham, TX 75418
      View Details
    • Contact for pricing
      1,350 SF

      Bonham Retail Space For Lease

      1,350 SF retail space in high-visibility Bonham location.
      2009 N State Highway 121, Bonham, TX 75418
      View Details
    • $3,000 /Mo
      45,346 SF

      High-Visibility Retail Suite

      Versatile retail/service space with ample parking, positioned for strong exposure near Walmart and a busy corridor.
      2009 N State Highway 121, Bonham, TX 75418
      View Details
    • $5,000 /Mo
      3,640 SF

      High-Visibility Retail/Service Space

      Strong traffic exposure and ample parking support flexible retail or service use in a high-demand corridor location.
      2001 N State Highway 121, Bonham, TX 75418
      View Details
    • $2,800 /Mo
      7,000 SF

      Flex Warehouse with Roll-Up Doors

      Newly constructed, insulated flex warehouse space on Highway 121 with ADA restrooms and multiple roll-up door options.
      9020 S State Highway 121, Trenton, TX 75418
      View Details
    • $4,800 /Mo
      7,000 SF

      Foam-Insulated Flex Warehouse Space

      Newly constructed, foam-insulated flex warehouse with utilities included and roll-up access designed for adaptable tenant layouts.
      9020 S State Highway 121, Trenton, TX 75418
      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.
    1709 Bonham
    Bonham, TX 75418
    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
    1709 Bonham, Bonham, TX, 75418
    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!