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    202 County Road 3470 Paradise, TX 76073

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    Claim this Listing
    For Sale
    $898,000

    Farm/Ranch - Paradise, TX

    Type:Farm
    Property size:
    2,694 SF
    Lot size:
    16.08 Acres
    Price / SF:
    $333/SF
    Added:
    Apr 6, 2026
    Days on Market:
    27
    Last Refresh:
    May 2 at 2:06 pm

    Property Features for 202 County Road 3470

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Garage, Oversized
    Patio and Porch features
    Patio, Porch
    Interior features
    Built-in Features, Double Vanity, High Speed Internet Available, Open Floorplan, Pantry
    Exterior features
    Covered Patio/Porch, Fire Pit, Rain Gutters, Outdoor Grill, Stable/Barn, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Microwave, Range, Range - Gas, Washer, Water - Softener
    Standard status
    Active
    APN
    742273
    Size
    2,694 SF
    Lot size
    16.08 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s), Propane (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2006
    Floors in Building
    2
    Flooring type
    Tile, Tile - Ceramic, Wood
    Building materials
    Stone
    Roof type
    Metal
    Architectural style
    Ranch
    Additional Structures
    Barn(s), Stable(s)

    We can help!

    Listing Contact
    KAREN WALLS
    KAREN WALLS

    Listing agent KAREN WALLS License #0374988

    Listing office CENTURY 21 Judge Fite Co. 3537 Teasley Lane, Dallas, TX

    Listing date Apr 6, 2026

    MLS# 21078226 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Paradise Ranch with Equestrian Facilities

    This 16.080-acre property in Paradise, TX, features a 2,694 square foot, two-story ranch-style home with 4 bedrooms and 2.5 bathrooms. The home has an open living layout, a fireplace, red oak flooring, and ceramic tile. The master suite includes an ensuite bath with a jetted tub, separate shower, and walk-in closets. A split bedroom design offers guest privacy. The upstairs bedroom can serve as a multipurpose space, complete with a built-in desk and half bath. The kitchen includes a breakfast bar, walk-in pantry, oak cabinets, and a built-in desk. A guest bath offers a tub-shower combination. Recent updates include a new metal roof. Outdoor living amenities include a patio with a grill, pool, spa-hot tub, firepit, and pergola. For horse lovers and hobby farmers, there is a 64x60 barn equipped with five pipe horse stalls, feed and tack rooms, a wash area, and hay storage. Equipment storage is available with three roll-up doors and a half bath. The land is a mix of coastal and native pastures, suitable for hay production, with room for an arena and a pond.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Auto Repair Shop Electrical Service Veterinary Clinic Tech Support Center Home Appliance Store Adult Day Care

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

    Location Insight

    • Map
    • Local Demand
    City
    Paradise
    County
    Wise
    State
    Texas
    Longitude
    -97.6999
    Latitude
    33.107395

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    FAQs

    What type of property is this?
    Horse & equestrian property - 16-acre ranch featuring a 4-bedroom home and equestrian facilities.
    Where is this horse & equestrian property located?
    The property is located at 202 County Road 3470 Paradise, TX.
    What is the asking price?
    The asking price for this property is $898,000.
    What are key features of this property?
    This property features: 16+ acre property ideal for horses or hobby farm with a 64x60 barn.; Outdoor oasis featuring a pool, spa‑hot tub, firepit, and pergola.; Spacious 4‑bedroom, 2.5‑bathroom ranch‑style home with open living layout and a cozy fireplace.
    (817) 960-9611
    We can help!
    Listing Contact
    KAREN WALLS
    KAREN WALLS
    Real Estate License ID: 0374988
    Learn More
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    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.

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    202 County Road 3470, Paradise, TX 76073

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