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    Paradise, TX Farm/Ranch with Arena Title is generated by Realmo AI

    1984 Sunflower Road, Paradise, TX 76073

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    Claim this Listing
    New
    For Sale
    $900,000

    Traditional, Farm/Ranch - Paradise, TX

    Type:Farm
    Property size:
    3,408 SF
    Lot size:
    13.43 Acres
    Price / SF:
    $264/SF
    Added:
    May 8, 2026
    Days on Market:
    5
    Last Refresh:
    May 12 at 5:06 am

    Property Features for 1984 Sunflower Road

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Driveway, Garage, RV
    Interior features
    Cable Tv Available, Cedar Closet(s), Double Vanity, Eat-in Kitchen, Flat Screen Wiring, Granite Counters, Kitchen Island, Pantry, Walk-in Closet(s)
    Exterior features
    Courtyard, Rain Gutters, Private Yard, Rv Hookup, Rv/Boat Parking, Other, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Garbage Disposer, Microwave, Oven - Double, Refrigerator, Trash Compactor, Washer, Water - Softener
    Standard status
    Active
    APN
    773993
    Size
    3,408 SF
    Lot size
    13.43 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2006
    Floors in Building
    1
    Flooring type
    Carpet, Hardwood, Tile, Tile - Ceramic
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    New Traditional
    Additional Structures
    RV/Boat Storage

    We can help!

    Listing Contact
    Sheila Brogan

    Listing agent Sheila Brogan License #0749419

    Listing office Compass RE Texas, LLC 5049 Edwards Ranch Rd, Ste.200, Dallas, TX

    Listing date May 8, 2026

    MLS# 21263979 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

    • 14‑acre property with mature oak trees offering privacy and country living.
    • 40x30 insulated shop with electricity, suitable for various hobbies and storage needs.
    • RV cover with water and electric hookups, plus RV/boat parking.
    • Equestrian arena with turnback alley.
    • Ag exemption for reduced property taxes.
    • Custom‑built home with approximately 3,043 sq ft, including an oversized primary suite and spacious living area with fireplace.

    Overview

    This property, located just shy of 14 acres, features a custom-built home offering approximately 3,043 sq ft of living space. Mature oak trees surround the home, which is set back from the road, enhancing privacy. The property benefits from an agricultural exemption, which helps reduce property taxes. The front pasture has been previously baled. Interior features include custom cabinetry, a spacious living area with a fireplace, and an oversized primary suite with a jetted tub, separate shower, and large walk-in closet. There are two additional oversized bedrooms, including one with a cedar-lined closet. A formal dining area near the entry may also function as an office or flex space. Exterior improvements include a 3-car garage, an RV cover with water and electric hookups, and a fully insulated 40x30 shop with electricity, offering ample space for hobbies, woodworking, equipment storage, automotive projects, workspace needs, or recreational use. An additional one-car garage with a full bathroom is also present. The property also features an arena with a turnback alley, suitable for a variety of equestrian activities and riding disciplines. Located approximately 30 minutes from Weatherford and 45 minutes from Fort Worth, the property offers the privacy and space of country living. The property is located in Paradise, Texas.
    Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Map

    City
    Paradise
    County
    Wise
    State
    Texas
    Longitude
    -97.732
    Latitude
    33.0834

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    FAQs

    What type of property is this?
    Horse & equestrian property - Custom home on 13+ acres with shop and arena.
    Where is this horse & equestrian property located?
    The property is located at 1984 Sunflower Road Paradise, TX.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 14‑acre property with mature oak trees offering privacy and country living.; **40x30 insulated shop with electricity, suitable for various hobbies and storage needs.**; RV cover with water and electric hookups, plus RV/boat parking.
    (214) 814-8100
    We can help!
    Listing Contact
    Sheila Brogan
    Real Estate License ID: 0749419
    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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