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    Self-Storage Facility with Rented Office/Apartment Title is generated by Realmo AI

    6240 Farm Road 1508, Paris, TX 75462

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    For Sale
    $449,500

    COMMERCIAL - Paris, TX

    Lot size:
    4.08 Acres
    Added:
    Jan 10, 2026
    Days on Market:
    146
    Last Refresh:
    Jun 5 at 9:06 am

    Property Features for 6240 Farm Road 1508

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    403578
    Lot size
    4.08 Acres

    Taxes and HOA fees

    Tax Description
    A1001 J W WILLIAMS SURVEY, TRACT 12-1, ACRES
    Tax Annual Amount
    2424

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1998
    Floors in Building
    1
    Number of units
    21
    Flooring type
    Concrete
    Building materials
    MetalSiding, Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Michael Fox

    Listing agent Michael Fox License #0841728

    Listing office Glass Land and Home LLC Paris, TX

    Listing date Jan 10, 2026

    MLS# 21143768

    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

    • Self‑storage property in Paris, Texas, on a +/- 4.08‑acre site
    • 20 total storage units plus an on‑site office with an apartment that is currently rented
    • Built in 1998 with metal roof and metal siding/concrete construction materials
    • Utilities include public water and private sewer
    • Heating and cooling are electric
    • Convenient access near the airport, SH 271, and SH 82

    Overview

    This self-storage investment property is set on approximately 4.08 acres with functional on-site improvements designed to support ongoing operations. The facility includes 20 total storage units and an office building with an apartment component, which is currently rented. The existing setup provides a straightforward foundation for continued management while also leaving room for future value-add enhancements.

    Located in Paris, Texas, the property is described as well-positioned and convenient to nearby transportation routes, including SH 271 and SH 82, and it is also close to the airport. The site offers enough space to consider expansion opportunities as demand grows, which can be especially relevant for operators looking for more flexibility than a smaller facility typically allows.

    For buyers, this presents a practical self-storage holding opportunity with in-place rental income tied to both the storage units and the office apartment. For operators, the mix of units and on-site living/office space can support day-to-day management, while the larger lot size supports potential growth strategies. Overall, it’s being offered as a solid, long-term option for investors seeking a well-located storage asset with expansion upside.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Storage Facility Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Paris
    County
    Lamar
    State
    Texas
    Longitude
    -95.4734497
    Latitude
    33.6345823

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    FAQs

    What type of property is this?
    Self storage facility - Twenty self-storage units plus a rented office apartment combine for a steady investment with expansion potential on 4.08 acres.
    Where is this self storage facility located?
    The property is located at 6240 Farm Road 1508 Paris, TX.
    What is the asking price?
    The asking price for this property is $449,500.
    What are key features of this property?
    This property features: Self‑storage property in Paris, Texas, on a +/- 4.08‑acre site; 20 total storage units plus an on‑site office with an apartment that is currently rented; Built in 1998 with metal roof and metal siding/concrete construction materials
    (903) 785-8457
    We can help!
    Listing Contact
    Michael Fox
    Real Estate License ID: 0841728
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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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