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    Development Land for Light Industry Title is generated by Realmo AI

    1175 SW LOOP 286, Paris, TX 75460

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    Claim this Listing
    For Sale
    $159,000

    LAND - Paris, TX

    Lot size:
    3.11 Acres
    Added:
    May 28, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 5 at 1:06 am

    Property Features for 1175 SW LOOP 286

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    71598
    Lot size
    3.11 Acres

    Taxes and HOA fees

    Tax Description
    ABSTRACT 69 JAMES BOURLAND SURVEY, 3.11 ACRES

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Earlene Vickers

    Listing agent Earlene Vickers License #0555818

    Listing office United Country Altaterra Realt Paris, TX

    Listing date May 28, 2026

    MLS# 20986442

    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

    • Raw acreage with trees in city limits of Paris, in Chisum ISD and near Paris Jr. College
    • High‑traffic frontage area on Loop 286
    • Utilities are available (Water: public; Sewer: public sewer)
    • Close to US Highway 24 and 19 for southbound access
    • Access routes include Loop 286 to reach US 82 and US 271 to go north or southeast

    Overview

    This is a raw development parcel offering approximately 3.11 acres of land with trees, providing flexibility for commercial or light industrial planning. Utilities are available, and the property is presented as ready for development, whether for an end-use project or as an investment holding. The land sits within city limits and is served by Chisum ISD and Paris Jr. College.

    The site’s location is positioned for visibility and convenience, with high traffic exposure noted on Loop 286. It is also described as close to US Highway 24 and US 19 for southbound access, and Loop 286 provides a route to US 82 to the east or west. Additional access is identified via US 271 to the north or southeast.

    For tenants, buyers, or developers, the parcel is best suited for projects that can take advantage of its roadside access and mixed commercial potential. It may fit users pursuing light industrial development, commercial build-to-suit concepts, or retail-oriented uses, subject to applicable development requirements and approvals.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Paris
    County
    Lamar
    State
    Texas
    Longitude
    -95.5692078
    Latitude
    33.6314194

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    FAQs

    What type of property is this?
    Industrial land - Well-located acreage off Loop 286 suited for commercial, light industrial, or retail development with utilities available.
    Where is this industrial land located?
    The property is located at 1175 SW LOOP 286 Paris, TX.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: Raw acreage with trees in city limits of Paris, in Chisum ISD and near Paris Jr. College; High‑traffic frontage area on Loop 286; Utilities are available (Water: public; Sewer: public sewer)
    (903) 438-2585
    We can help!
    Listing Contact
    Earlene Vickers
    Real Estate License ID: 0555818
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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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    1175 SW LOOP 286, Paris, TX 75460
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