Add Listing
    For Sale
    • 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

    Lot 40 Paradise Oaks Ranch Perrin, TX 76486

    View on Map
    Claim this Listing
    For Sale
    $150,000

    Unimproved Land - Perrin, TX

    Type:Unimproved Land
    Lot size:
    5.51 Acres
    Added:
    Feb 23, 2026
    Days on Market:
    54
    Last Refresh:
    Apr 18 at 3:06 pm

    Property Features for Lot 40 Paradise Oaks Ranch

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    568192
    Lot size
    5.51 Acres

    Taxes and HOA fees

    Expense value
    900
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Rankin

    Listing agent Michael Rankin License #0709144

    Listing office INC Realty, LLC 608 E Hickory St Ste 128, Denton, TX

    Listing date Feb 23, 2026

    MLS# 21186974 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

    Perrin, TX Unimproved Land

    This 5.514-acre parcel of land is located within the Paradise Oaks Ranch development, approximately 19 minutes from Mineral Wells and a short distance from Graford and Perrin. The property is mostly level and features an abundance of trees on the west end. It is suitable for building a new home or vacation getaway. Barndominiums are permitted. The property is currently Ag exempt due to its participation in a grazing association. Adjacent to the property is a community lot with covered picnic tables, playground equipment, a pickleball court, and BBQ facilities. As of February 23rd, 2026, two similarly sized lots are available for the same price two lots to the south of this one. No manufactured homes are allowed.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Perrin
    County
    Jack
    State
    Texas
    Longitude
    -98.0544
    Latitude
    33.0831

    Nearby Similar for Sale

    • $2,500,000
      2,990 SF

      Perrin Farm and Ranch Property

      48.5 acre property featuring equestrian facilities and a residence.
      1600 Logans Run Road, Perrin, TX 76486
      View Details
    • $489,000

      Perrin Ranch with Pond

      35-acre ranch featuring a pond and seasonal creek.
      202 Tillery, Perrin, TX 76486
      View Details
    • $400,000

      34 Acres with Workshop in Perrin

      34-acre property with workshop, utilities, and fencing in Perrin, TX.
      3187 Elenburg Road, Perrin, TX 76486
      View Details
    • $425,000

      Scenic 40-Acre Texas Ranch

      Escape to rural Texas with lake views and stunning sunsets.
      2077 B Shawver Road, Perrin, TX 76486
      View Details
    • $325,000

      Perrin Ranch with Hilltop Views

      23-acre ranch in Perrin, TX, with water well.
      4312 Shawver Road, Perrin, TX 76486
      View Details
    • $192,500

      Perrin, TX Unimproved Land

      13.5 acre tract ideal for building a barndo.
      13 Ac N Mason, Perrin, TX 78486
      View Details
    • $2,100,000

      146 Acres of Texas Land

      Unimproved land with native grasses, trees, and new fences.
      1849 Two Bush Road, Perrin, TX 76486
      View Details
    • $120,000

      Land in Stallion Meadows Estates

      5.41-acre homesite for building a dream home.
      1150 DPS Tower Road #Lot 22, Perrin, TX 76486
      View Details
    • $265,000

      Perrin Land with New Fence

      9.94 acre property outside city limits, Ag Exempt.
      1653 Bounty Road, Perrin, TX 76486
      View Details
    • $125,000

      Agricultural Estate Dream Land

      10 acres of fertile land perfect for agricultural pursuits.
      Tbd 10 Acres Prairie View, Perrin, TX 76486
      View Details
    • $3,540,186

      Holden Ranch: 431 Acres in Texas

      Breathtaking 431-acre Texas ranch with diverse terrain and abundant water.
      431.73 Acres 199 Highway, Joplin, TX 76486
      View Details
    • $154,900

      Perrin, TX 10-Acre Land Tract

      10-acre tract ideal for building a dream home.
      Tbd N Stallion Meadows Drive, Perrin, TX 76486
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 5.5+ acre lot perfect for building a home.
    Where is this agricultural land / farmland located?
    The property is located at Lot 40 Paradise Oaks Ranch Perrin, TX.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Over 5 acres of land in a peaceful, rural setting.; Ag exemption provides potential property tax benefits.; Barndominiums are allowed.
    (972) 351-1095
    We can help!
    Listing Contact
    Michael Rankin
    Real Estate License ID: 0709144
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!