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    Property profile & analytics

    4065 Pine Mill Rd Paris, TX 75462

    • Commercial real estate
    • 3.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0335307
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4065 Pine Mill Rd

    Lot size
    3.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 3-acre land parcel presents a remarkable investment opportunity in Paris, Texas. Ideally situated just half a mile from Loop 286, this property enjoys unparalleled convenience, with shopping, employment centers, and schools all within minutes. The existing structure on the property adds no significant value and can be easily removed or relocated to suit the buyer's vision. Zoned for multifamily development, this site offers significant potential for a variety of projects, catering to the growing demand for residential housing in the area. The expansive 3-acre lot provides ample space for a substantial development, allowing for creative design and maximum utilization of the land. Its strategic location near Loop 286 ensures excellent accessibility and visibility, making it an attractive proposition for both residential and commercial ventures. The Lamar County location offers a stable and growing market, promising a strong return on investment. This is a rare chance to acquire a sizable, well-located parcel zoned for multifamily use, ready for immediate development or future planning. The property is located at 4065 Pine Mill Rd, Paris, TX 75462. The asking price is $249,900.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Paris
    County
    Lamar
    State
    Texas
    Longitude
    -95.50503
    Latitude
    33.670118

    Comparable in this City

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      10+ Acres Ready to Build

      10+ acres in SE Lamar County with utilities in place.
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    • $95,000
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      Paris, TX 2.5 Acre Lot

      2.5 acre lot in Cascades Addition, Paris, TX.
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    • $160,000
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      Rangeland Acreage in Paris, Texas

      10.01 acres of partially fenced rangeland with utilities.
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    Similar Nearby for Sale

    • $1,400,000
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      Newly constructed, fully operational RV park with modern pavilion.
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    • $326,880
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      Unimproved Land in Chisum ISD

      18+ acres with FM road frontage, suitable for building or development.
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    • $299,999
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      35 Acres of Texas Land

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    • $160,000
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      10.84 acres of tree-lined land suitable for various uses.
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    • $345,000
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      49 Acres of Open Pastureland

      Nearly 49 acres of unrestricted pastureland near Auds Creek.
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    Similar Nearby for Lease

    • $22 SF/Yr
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      Retail Space in Paris, TX

      Retail space available for lease in Paris, Texas.
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    • $4,900 /Mo
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      Reno, TX Retail Opportunity

      Retail space for lease with highway frontage in Reno, TX.
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    4065 Pine Mill Rd
    Paris, TX 75462
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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.

    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
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