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    Ranch Property with Pond and Barn Title is generated by Realmo AI

    11083 Farm Road 1502, Paris, TX 75462

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    For Sale
    $395,240

    A 19.36-acre ranch with a pond, fenced pasture, barn, and a 3-bedroom home for country living near Paris, Texas.

    Type:Farm & Ranch
    Lot size:
    19.36 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 2:11 am

    Property Features for 11083 Farm Road 1502

    General Information

    Standard status
    Active
    Lot size
    19.36 Acres
    Property subtype
    Farm & Ranch

    Building Details

    Year Built
    1990

    We can help!

    Listing Contact
    Haley Button

    Listing agent Haley Button

    Listing office Nathan Bell Property Management and Rentals, LLC

    Listing date Jun 4, 2026

    Source Signaturere

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Nathan Bell Property Management and Rentals, LLC

    HighLights

    • 19.36‑acre country property about 8 miles from Paris, TX, with privacy and easy access
    • 1.20‑acre pond plus fenced horse pasture, horse barn, and three storage sheds
    • 720 SF metal shop with garage door and attached carport
    • 3‑bedroom, 2‑bath home built in 1990 with open‑concept kitchen and living room with fireplace
    • Sunroom with direct outdoor access; utility room with additional storage and space for a freezer
    • Conveys with multiple items including refrigerator, dishwasher, range, freezer, grills, smokers, Kawasaki Mule, 4‑wheeler with trailer, and lawn equipment

    Overview

    This ranch property spans 19.36 acres and includes a 3-bedroom, 2-bath home with an open-concept kitchen and living area. The living room features a fireplace, and there is a sunroom that provides additional indoor space with direct outdoor access. Two bedrooms share a Jack-and-Jill bathroom, and all bedrooms include walk-in closets. A spacious utility room offers extra storage and room for a freezer.

    The grounds are set up for animals and storage, featuring a 1.20-acre pond, fenced horse pasture, a horse barn, and three storage sheds. Additional improvements include a chicken coop and an attached carport. There is also a 720-square-foot metal shop with a garage door, supporting equipment and workshop needs.

    For buyers looking for a functional hobby farm or horse property, the combination of fenced pasture, barn, pond, and multiple outbuildings provides practical day-to-day support. The home’s layout, fireplace, and sunroom add comfortable living space, while the utility room helps consolidate household storage. Numerous items convey with the property, including select appliances and equipment, subject to negotiation.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Paris
    County
    Lamar
    State
    Texas
    Longitude
    -95.397536
    Latitude
    33.727493

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    FAQs

    What type of property is this?
    Horse & equestrian property - A 19.36-acre ranch with a pond, fenced pasture, barn, and a 3-bedroom home for country living near Paris, Texas.
    Where is this horse & equestrian property located?
    The property is located at 11083 Farm Road 1502 Paris, TX.
    What is the asking price?
    The asking price for this property is $395,240.
    What are key features of this property?
    This property features: 19.36‑acre country property about 8 miles from Paris, TX, with privacy and easy access; 1.20‑acre pond plus fenced horse pasture, horse barn, and three storage sheds; 720 SF metal shop with garage door and attached carport
    (903) 905-1149
    We can help!
    Listing Contact
    Haley Button
    Learn More
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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.

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