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    3536 Us Highway 82 Paris, TX 75462

    View on Map
    Sponsored
    For Sale
    $4,900,000

    Commercial Business - Paris, TX

    Property size:
    65,535 SF
    Lot size:
    31.00 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 14 at 7:06 pm

    Property Features for 3536 Us Highway 82

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    200
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    9
    APN
    117896 , 117897, 130873, 130874
    Parking features
    Garage
    Size
    65,535 SF
    Lot size
    31.00 Acres

    Utilities

    Cooling system
    Central Air
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    2017
    Year renovated
    2017
    Floors in Building
    1
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Jw Ross
    Jw Ross

    Altaterra Realty and Auction LLC (903) 438-2585

    Listing agent Jw Ross (903) 438-2585

    Listing date Mar 13, 2026

    MLS# 11672552 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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Livestock & Event Facility

    Located in Paris, Texas, the Diamond H Event Center is a livestock and agricultural event facility with over 100,000 square feet of covered improvements and frontage along US Highway 82. Positioned approximately two hours from the Dallas-Fort Worth metroplex, the property serves a broad regional market across Texas, Oklahoma, Arkansas, and Louisiana. The facility was designed to support high-capacity livestock programming and multi-day events. The expansive covered structure features open-span steel construction with high ceilings and ventilation, allowing flexible layouts for cattle, swine, sheep, and goat exhibitions. Interior areas support livestock show rings, holding pens, stalling areas, and wide access lanes. Diamond H includes extensive livestock infrastructure with multiple wash racks, 28 water outlets, cattle and hog water stations, livestock pens, and certified scales for both cattle and hogs. The facility is supported by 330-amp electrical service. Spectator areas include multiple sets of bleacher seating and a large indoor viewing area. Additional improvements include a fully operational concession stand, security building, insulated support buildings, and private interior rooms with bathrooms and showers. The grounds provide ample space for livestock trailers, vendor parking, and spectator access, while the drive-through layout allows efficient unloading and circulation. Diamond H Event Center is suited for cattle shows, swine shows, lamb and goat exhibitions, youth livestock programs such as 4-H and FFA events, jackpot shows, agricultural expos, equipment demonstrations, and community gatherings. The property has a lot size of 31 acres and a property size of 65535 square feet. The zoning is 200.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Race tracks

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Paris
    County
    Lamar
    State
    Texas
    Longitude
    -95.439244
    Latitude
    33.660459

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    FAQs

    What type of property is this?
    Race track - Livestock and multi-purpose event facility in Paris, Texas.
    Where is this race track located?
    The property is located at 3536 Us Highway 82 Paris, TX.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: - Purpose-built livestock and agricultural event facility with over 100,000 sq ft of covered improvements.; - Strategic location in Paris, Texas, with strong frontage on US Highway 82 and a broad regional market reach.; - Extensive livestock infrastructure including wash racks, water outlets/stations, livestock pens, and certified scales.
    (903) 438-2585
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    3536 Us Highway 82 Paris, TX 75462
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    Paris, TX 75462
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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.

    More about this property
    3536 Us Highway 82 Paris, TX 75462
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    We can help!
    Listing Contact
    Jw Ross
    Jw Ross
    (903) 438-2585 (903) 491-1719
    Learn more
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