Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Paris, Arkansas Title is generated by Realmo AI

    175 S Wiggins, Paris, AR 72855

    View on Map
    Claim this Listing
    For Sale
    $69,000

    Vacant Land - Paris, AR

    Lot size:
    1.74 Acres
    Added:
    Aug 27, 2024
    Days on Market:
    640
    Last Refresh:
    May 28 at 8:06 am

    Property Features for 175 S Wiggins

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    100
    Parking features
    Garage
    Standard status
    Active
    APN
    900-00356-000
    Lot size
    1.74 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Samuel McElhaney

    Listing agent Samuel McElhaney

    Listing office Eagle Pride Realty 803 E Walnut St, Paris, AR

    Listing date Aug 27, 2024

    MLS# 11336567 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.74 acre lot in a residential area
    • All utilities available: city water, trash, and electric
    • Lovely building site
    • Includes a shed
    • Garage parking
    • Located at coordinates: [-93.74172,35.289593]

    Overview

    This 1.74-acre residential land is located in a residential area of Paris, Arkansas. The property includes a shed. City water, trash services, and electric utilities are available. This land is suitable for building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paris
    County
    Logan
    State
    Arkansas
    Longitude
    -93.741724
    Latitude
    35.289592

    Nearby Similar for Sale

    • $169,000
      5,700 SF

      Commercial Building in Paris, AR

      5,700 sq. ft. building on 9,147 sq. ft. lot.
      30 E Walnut, Paris, AR 72855
      View Details
    • $1.00
      150,000 SF

      Expansive Industrial Property on 26+ Acres

      Large industrial facility with acreage, versatile improvements, and excellent potential.
      183 Charcoal RD, Paris, AR 72855
      View Details
    • $204,900
      4,700 SF

      Historic Commercial Building in Paris, AR

      Prime commercial property with four rental spaces near downtown square.
      114, 116, 120, 124 N Elm ST, Paris, AR 72855
      View Details
    • $274,000
      14,960 SF

      Versatile Warehouse on 2 Acres

      14,000 sq ft warehouse with office space on 2 acres.
      4581 W State HWY 22, Paris, AR 72855
      View Details
    • $995,000
      1,344 SF

      Turn-Key Cattle & Equine Property

      215± acre working ranch near Paris, Arkansas.
      647 N. Sixhalf Mile Rd., Paris, AR 72855
      View Details
    • $450,000

      Recreational Land Near Paris Lake

      157+/- acres near Ouachita National Forest and Mount Magazine.
      Hwy 109, Paris, AR 72855
      View Details
    • $35,000

      Residential Land with Utilities

      Double lot with utilities and mature shade trees.
      306 Rosalee ST lot: 7-8, Paris, AR 72855
      View Details
    • $18,000

      Residential Lot in Paris, AR

      In-town lot with utilities, ready for building or investment.
      218 Rosalee ST lot: 2, Paris, AR 72855
      View Details
    • $375,000

      Prime Hunting Land Near Magazine

      40 acres of prime hunting land near Mount Magazine!
      3024 Red Bench rd, Paris, AR 72855
      View Details
    • $90,000

      Commercial Building in Paris, AR

      Commercial building for sale in Paris, Arkansas, 72855.
      205 w walnut, Paris, AR 72855
      View Details
    • $995,000
      1,344 SF

      Turn-Key Cattle & Equine Property

      215-acre cattle and equine property near Paris, Arkansas.
      647 N Sixhalf Mile Rd, Paris, AR 72855
      View Details
    • $17,500

      Land Near Mount Magazine

      Five-acre property near Mount Magazine with available utilities.
      000 Calico Mtn, Paris, AR 72855
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.74 acre residential land with utilities available and shed.
    Where is this residential land & home lot located?
    The property is located at 175 S Wiggins Paris, AR.
    What is the asking price?
    The asking price for this property is $69,000.
    What are key features of this property?
    This property features: 1.74 acre lot in a residential area; All utilities available: city water, trash, and electric; Lovely building site
    (479) 963-3885
    We can help!
    Listing Contact
    Samuel McElhaney
    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
    175 S Wiggins, Paris, AR 72855
    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!