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

    Lot 5 Moreland Street, Paradise, TX 76073

    View on Map
    Claim this Listing
    Picture of Land at Lot 5 Moreland Street, Paradise, TX
    For Sale
    $76,000

    Unimproved Land - Paradise, TX

    Type:Unimproved Land
    Lot size:
    0.65 Acres
    Added:
    Nov 21, 2024
    Days on Market:
    546
    Last Refresh:
    May 21 at 4:06 pm

    Property Features for Lot 5 Moreland Street

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    200001124
    Lot size
    0.65 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ginger Shepherd

    Listing agent Ginger Shepherd License #0734005

    Listing office C21 Sue Ann Denton, Decatur 1606 W. Business Hwy. 380, Bridgeport, TX

    Listing date Nov 21, 2024

    MLS# 20783083 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.

    HighLights

    • Build your dream home with Shepherd Custom Homes in Windmill Ridge Estate.
    • No HOA fees, but with deed restrictions to maintain property values.
    • Located in the A‑rated Paradise ISD.
    • Conveniently located 30 minutes from Fort Worth Alliance.
    • Barns and shops are allowed with specific construction guidelines.
    • Minimum house size of 2000 sq ft.

    Overview

    This 0.65-acre residential land is located off Hwy 114 and Old Towne Road in Paradise, Texas. The property is within the Paradise ISD, which has an A rating. It is located in Windmill Ridge Estate and is deed restricted with no HOA. Only one residence is allowed per tract, and no subdividing of tracts is permitted. The minimum square footage for a house is 2000 sq ft. No temporary dwellings of any kind are allowed on the property. Barns and shops are permitted if constructed of new materials and trimmed to match the house. The lot will have city water, but a septic system will be needed. The property is located approximately 30 minutes from Fort Worth Alliance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Paradise
    County
    Wise
    State
    Texas
    Longitude
    -97.6869233
    Latitude
    33.1369153

    Nearby Similar for Sale

    • $870,000
      4,327 SF

      Turnkey Hobby Ranch with Luxury Farmhouse

      Unique working ranch designed for the true cowboy and equestrian.
      340 County Road 3336, Paradise, TX 76073
      View Details
    • $950,000
      3,093 SF

      Remodeled Farmhouse on Usable Acreage

      Remodeled home on nearly 10 acres with versatile shop space.
      601 County Road 3525, Paradise, TX 76073
      View Details
    • $898,000
      2,694 SF

      Paradise Ranch with Equestrian Facilities

      16-acre ranch featuring a 4-bedroom home and equestrian facilities.
      202 County Road 3470, Paradise, TX 76073
      View Details
    • $950,000
      2,388 SF

      Paradise Farmhouse with Workshop and Barn

      Farmhouse on 9.79 acres with workshop, barn, and mobile home.
      421 County Road 3342, Paradise, TX 76073
      View Details
    • $399,900

      Cleared Land on Highway 114

      Cleared 5.994-acre commercial land ready for development in Paradise, TX.
      2280 W Highway 114, Paradise, TX 76073
      View Details
    • $399,900

      Cleared Land on Highway 114

      Cleared 5.994-acre commercial land ready for development in Paradise, TX.
      000 W Highway 114, Paradise, TX 76073
      View Details
    • $635,000

      23 Acres with Income Potential

      23-acre property featuring homes, RV sites, and hunting opportunities.
      813 County Road 3680, Paradise, TX 76073
      View Details
    • $900,000
      3,408 SF

      Paradise, TX Farm/Ranch with Arena

      Custom home on 13+ acres with shop and arena.
      1984 Sunflower Road, Paradise, TX 76073
      View Details
    • $1,995,000
      9,999 SF

      Paradise, Texas Rental Property Portfolio

      Rental property portfolio with near full occupancy in Paradise, Texas.
      114 Ash Street, Paradise, TX 76073
      View Details
    • $115,000

      Land in Paradise, Texas

      2.17-acre tract for peaceful country living near Bridgeport and Paradise.
      150 County Road 3525, Paradise, TX 76073
      View Details
    • $1,370,000

      Texas Country Living with Potential

      64.44 acres in Paradise, Texas, perfect for country living.
      938 County Road 3341, Paradise, TX 76073
      View Details

    FAQs

    What type of property is this?
    Land - Unimproved 0.65 acre lot in Paradise, TX, ready for development.
    Where is this land located?
    The property is located at Lot 5 Moreland Street Paradise, TX.
    What is the asking price?
    The asking price for this property is $76,000.
    What are key features of this property?
    This property features: Build your dream home with Shepherd Custom Homes in Windmill Ridge Estate.; No HOA fees, but with deed restrictions to maintain property values.; Located in the A‑rated Paradise ISD.
    (940) 627-3080
    We can help!
    Listing Contact
    Ginger Shepherd
    Real Estate License ID: 0734005
    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

    Thank You for Inquiry
    Lot 5 Moreland Street, Paradise, TX 76073
    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!