Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Cleared Land with Storage Buildings Title is generated by Realmo AI

    3450 Hwy 79N, Paris, TN 38242

    View on Map
    Claim this Listing
    For Sale
    $545,000

    LAND - PARIS, TN

    Lot size:
    5.10 Acres
    Added:
    Aug 8, 2024
    Days on Market:
    654
    Last Refresh:
    May 23 at 7:06 am

    Property Features for 3450 Hwy 79N

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    075,00
    Lot size
    5.10 Acres

    Taxes and HOA fees

    Tax Annual Amount
    419

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Rusty Farmer

    Listing agent Rusty Farmer

    Listing office Moody Realty Company, Inc. 410 Tyson Ave., Paris, TN

    Listing date Aug 8, 2024

    MLS# 132939 Listing URL

    Copyright © 2026 Tennessee Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 5.1 acres of cleared land in a prime location
    • New 40 x 168 storage building with 17ft clearance
    • 60 x 70 storage building with 14ft clearance
    • Public water source available
    • Property is ready for development
    • Endless possibilities for use of the land

    Overview

    This property features 5.1 acres of land in a prime location. The land is mostly cleared. It includes a new 40 x 168 storage building with an open front and 17 ft of clearance, as well as a 60 x 70 storage building with 14 ft of clearance. Located in PARIS, TN 38242.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Paris
    County
    Henry
    State
    Tennessee
    Longitude
    -88.2586028
    Latitude
    36.330962

    Nearby Similar for Sale

    • $699,000
      3,600 SF

      Established Commercial Property in Paris

      High-traffic location with offices, wash bays, and versatile space.
      318 E Wood St, PARIS, TN 38242
      View Details
    • $249,900
      2,520 SF

      Paris, TN Commercial Opportunity

      Commercial property with warehouse and restaurant potential in Paris, TN.
      600 Russell St, PARIS, TN 38242
      View Details
    • $1,498,900
      9,042 SF

      Commercial Venue with Vineyard Potential

      Versatile 39.4-acre commercial property with event center and landing strip.
      2982 Harvey Bowden Rd, PARIS, TN 38242
      View Details
    • $1,800,000
      1,605 SF

      Paris, TN Commercial Opportunity

      Commercial property with residence, shop, and office on 8 acres.
      2819 HWY 54, PARIS, TN 38242
      View Details
    • $499,000
      4,540 SF

      Storage Units with Expansion Potential

      Commercial property featuring storage units with room for expansion.
      2755 HWY 641, PARIS, TN 38242
      View Details
    • $294,900

      Prime Commercial Land Opportunity

      Commercial land for sale, ideal for restaurant development.
      600 Russell, PARIS, TN 38242
      View Details
    • $201,000

      Commercial and Residential Flexibility

      Dual-zoned property with high visibility and multiple revenue streams.
      1117 E Wood St, Paris, TN 38242
      View Details
    • $294,900

      Prime Commercial Land Opportunity

      Commercial land suitable for restaurant development in Paris, Tennessee.
      600 Russell, PARIS, TN 38242
      View Details
    • $400,000
      2,546 SF

      Commercial Property in Paris, TN

      Commercial property for sale in Paris, Tennessee.
      1400 MINERAL WELLS AVE, PARIS, TN 38242
      View Details
    • $249,900

      Commercial Land With Warehouse

      Commercial opportunity with warehouse building, ideal for restaurant space.
      600 Russell St, PARIS, TN 38242
      View Details
    • $420,000
      2,339 SF

      Country Home Near Town

      Spacious home with upgrades on nearly three acres.
      1020 Diggs Road, PARIS, TN 38242
      View Details
    • $129,900

      Corner Lot Former Fuel Station

      Corner lot, former fuel station and car sales lot.
      511 N Market St, PARIS, TN 38242
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5.1 acres of cleared land with storage buildings.
    Where is this commercial land located?
    The property is located at 3450 Hwy 79N Paris, TN.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: 5.1 acres of cleared land in a prime location; New 40 x 168 storage building with 17ft clearance; 60 x 70 storage building with 14ft clearance
    (731) 336-9184
    We can help!
    Listing Contact
    Rusty Farmer
    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

    Thank You for Inquiry
    3450 Hwy 79N, PARIS, TN 38242
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!