Sign Up Successful!
You now have access to more from Realmo!
    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

    Tbd Fm 1506 Paris, TX 75460

    Sponsored
    For Sale
    $105,000

    Improved Land - Paris, TX

    Lot size:
    7.25 Acres
    Days on Market:
    160
    Last Refresh:
    Jan 25 at 4:06 pm

    Property Features for Tbd Fm 1506

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    129847
    Lot size
    7.25 Acres

    Utilities

    Heating system
    None (Heating)

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Teresa Burt
    Teresa Burt

    Texas Starpath Partners Inc (972) 599-7000

    Listing agent Teresa Burt (972) 599-7000 License #0687636

    Listing date Aug 19, 2025

    MLS# 20960230 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.

    Learn more

    Overview

    Land with Pond in Paris

    This 7.249-acre property is located in Paris, Texas. The land is fenced on three sides and includes a pond. A water meter is already installed on the property. The property is located within the Chisum Independent School District, presenting an opportunity to build a home.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Paris
    County
    Lamar
    State
    Texas
    Longitude
    -95.63850849
    Latitude
    33.58894957

    Nearby Similar for Sale

    • $3,750,000
      7,265 SF

      Luxury Ranch Estate with Equine Facilities

      Extraordinary ranch estate on 113 acres near Dallas-Fort Worth.
      299 Cr 32505, Paris, TX 75460
      View Details
    • $1,400,000
      0.15 Acres

      Turn-Key Restaurant and Bar Venue

      Fully renovated, three-story venue with commercial kitchen and bar.
      33 North Main St, Paris, TX 75460
      View Details
    • $949,000
      0.18 Acres

      Downtown Paris Mixed-Use Opportunity

      Unique mixed-use property in downtown Paris, Texas, ideal for investors.
      20 Plz N, Paris, TX 75460
      View Details
    • $99,800
      1,944 SF

      Paris, TX Blank Canvas Opportunity

      Blank canvas in the heart of Paris, TX, ready for transformation.
      206 6Th St SE, Paris, TX 75460
      View Details
    • $899,500
      2.79 Acres

      Commercial Property on High-Traffic Corridor

      2.79-acre commercial property with a 7200 sq ft building.
      3610 N Main St, Paris, TX 75460
      View Details
    • $1,399,000
      1.07 Acres

      Versatile Commercial Property in Paris, TX

      11,000+ SF property ideal for multi-family, office, medical, hospitality.
      1905 E Price St, Paris, TX 75460
      View Details
    • $1,300,000
      2,025 SF

      Luxury Ranch with Equestrian Facilities

      45-acre Paris, TX property with luxury home and equestrian amenities.
      633 County Road 44550, Paris, TX 75462
      View Details
    • $649,900
      1.35 Acres

      Versatile Office Building on Corner Lot

      Former Lamar Electric Co-op headquarters with diverse operational spaces.
      1485 N Main St, Paris, TX 75460
      View Details
    • $790,000
      33.75 Acres

      Scenic Property Near Paris, TX

      33.75 acres suitable for retail, venue, or restaurant development.
      6009 Texas Highway 24, Paris, TX 75462
      View Details
    • New
      $660,000
      11,500 SF

      Historic Paris Plaza Retail Opportunity

      Two-story building in Paris Downtown Historic District with development potential.
      4 Plz N, Paris, TX 75460
      View Details
    • $425,000
      0.43 Acres

      Retail Space on Corner Lot

      Retail building with shop and warehouse on high-traffic corner lot.
      1626 Lamar Ave, Paris, TX 75460
      View Details
    • $375,000
      0.45 Acres

      Remodeled Commercial Property with Potential

      Updated commercial property perfect for retail, office, or studio.
      3015 Clarksville St, Paris, TX 75460
      View Details

    FAQs

    What type of property is this?
    Land - 7.249 acre lot with pond and water meter.
    Where is this land located?
    The property is located at Tbd Fm 1506 Paris, TX.
    What is the asking price?
    The asking price for this property is $105,000.
    What are key features of this property?
    This property features: - Blank canvas to build your dream home.; - Located in Chisum ISD.; - Water meter on property.
    (972) 599-7000
    Request Owner's contact information
    Tbd Fm 1506 Paris, TX 75460
    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.
    Tbd Fm 1506
    Paris, TX 75460
    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
    Tbd Fm 1506 Paris, TX 75460
    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

    We can help!
    Listing Contact
    Teresa Burt
    Teresa Burt
    Real Estate License ID: 0687636
    (972) 599-7000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.