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

    6240 Farm Road 1508 Paris, TX 75462

    View on Map
    For Sale
    $449,500

    Business - Paris, TX

    Type:Business
    Lot size:
    4.08 Acres
    Added:
    Jan 8, 2026
    Days on Market:
    91
    Last Refresh:
    Apr 9 at 9:06 am

    Property Features for 6240 Farm Road 1508

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    403578
    Lot size
    4.08 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    1998
    Flooring type
    Concrete
    Building materials
    Concrete, Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Fox

    Listing agent Michael Fox License #0841728

    Listing office Glass Land and Home LLC 2407 Lamar Ave, Paris, TX

    Listing date Jan 8, 2026

    MLS# 21143768 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

    Self-Storage Investment Opportunity in Paris

    This self-storage investment property is located in Paris, Texas, on a 4.08-acre site. The property includes 20 units and an office with an apartment that is currently rented. The location is near the airport, SH 271, and SH 82. The property offers room to expand.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Storage Facility Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Paris
    County
    Lamar
    State
    Texas
    Longitude
    -95.4734497
    Latitude
    33.6345823

    Nearby Similar for Sale

    • $515,000

      Paris Office/Warehouse on Main Thoroughfare

      Versatile office/warehouse on 1.25 acres with high visibility.
      1485 N Main Street, Paris, TX 75460
      View Details
    • $990,000

      Versatile Commercial Property in Paris, TX

      11,000+ SF commercial property with multi-use potential in Paris.
      1905 E Price Street, Paris, TX 75460
      View Details
    • $300,000

      Commercial Building on Large Lot

      Highly visible commercial building with apartment and shop in Paris.
      1865 N MAIN, Paris, TX 75460
      View Details
    • $890,000

      Prime Commercial Property on Loop

      High-visibility commercial property on 1.13 acres in Paris, TX.
      3330 NE Loop 286, Paris, TX 75460
      View Details
    • $670,000

      Updated Building on Main Drag

      8077 sq ft building on 2 acres, move-in ready.
      2301 N Main Street, Paris, TX 75460
      View Details
    • $375,000

      Paris Retail/Warehouse Opportunity For Sale

      High-visibility retail with warehouse space on a well-traveled roadway.
      4037 N main Street, Paris, TX 75460
      View Details
    • $335,000

      Remodeled Commercial Property with Open Layout

      Updated commercial space suitable for retail, office, or wellness studios.
      3015 Clarksville Street, Paris, TX 75460
      View Details
    • $350,000

      Fuel Distribution Center Opportunity

      Fuel distribution center on 1.13 acres in Paris, TX.
      2190 S Church Street, Paris, TX 75460
      View Details
    • $579,000

      Former Restaurant in Downtown Paris

      Former restaurant on over 1 acre in Downtown Paris.
      350 NW 1st, Paris, TX 75460
      View Details
    • $399,000

      Paris Commercial Building on 2 Acres

      Commercial building on 2 acres with highway frontage in Paris.
      2975 S Church, Paris, TX 75460
      View Details
    • $350,000

      Versatile Commercial Property in Paris, TX

      Adaptable commercial space in a high-visibility Paris, Texas location.
      1634 Clarksville Street, Paris, TX 75460
      View Details
    • $350,000

      Paris, TX Warehouse on Corner

      Prime commercial real estate with warehouse and fuel tanks.
      1425 S Church Street, Paris, TX 75460
      View Details

    FAQs

    What type of property is this?
    Self storage facility - Well-located self-storage investment property on 4.08 acres in Paris, TX.
    Where is this self storage facility located?
    The property is located at 6240 Farm Road 1508 Paris, TX.
    What is the asking price?
    The asking price for this property is $449,500.
    What are key features of this property?
    This property features: Spacious ±4.08‑acre site with room to expand self‑storage units.; Functional improvements offer flexible income streams from storage units and apartment.; Well‑located in Paris, Texas, near airport, SH 271, and SH 82.
    (903) 785-8457
    We can help!
    Listing Contact
    Michael Fox
    Real Estate License ID: 0841728
    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!