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    Property profile & analytics

    13391 Il. Hwy Paris, IL 61944

    • Land
    • 1,994 SF
    • 10.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 13391 Il. Hwy

    Lot size
    10.00 lot acres
    Property size
    1,994 SF
    Property type
    Land

    Description

    This exceptional 10-acre property in Paris, Illinois, presents a unique opportunity to acquire a thriving produce business alongside a comfortable residence. The main attraction is the established produce patch, boasting 55-60 varieties of fruits and vegetables, offering significant income potential. The charming 1,994 square foot, three-bedroom home features modern amenities and a newer all-season porch overlooking the expansive grounds. Supporting the business are several essential outbuildings, including a large 40x80 pole building with a partial concrete floor, a recently roofed barn offering ample storage, and a three-story crib for additional storage. A 30x96 greenhouse ensures year-round cultivation, while a large built-in cooler maintains produce freshness. Located on picturesque Illinois Highway 1, this property offers a blend of rural tranquility and business opportunity, just minutes from Paris. The property's combination of residential comfort and established agricultural enterprise makes it an ideal investment for entrepreneurs and those seeking a self-sufficient lifestyle. The property's location provides easy access to local markets and transportation routes, enhancing its commercial viability. This turnkey operation is ready for a new owner to continue its success or expand upon its existing foundation. The property's size and diverse structures offer significant flexibility for future development and expansion. This is a rare opportunity to own a piece of agricultural paradise with immediate income potential.

    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
    Edgar
    State
    Illinois
    Longitude
    -87.6914
    Latitude
    39.6682

    Comparable in this City

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      55.24 Acres

      15800 2100Th St

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      159.00 Acres

      800Th St

      Farms • 159.00 Acres
      0 800Th St, Paris, IL 61944
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    • Value Estimation by Request
      1.46 Acres

      Clinton Rd

      MOBILE HOME PARK, TRAILER PARK • 1.46 Acres
      Clinton Rd, Paris, IL 61944
      View Details
    • Value Estimation
      $280,000
      5.18 Acres

      1244 Main St

      MOBILE HOME PARK, TRAILER PARK • 5.18 Acres
      1244 Main St, Paris, IL 61944-8304
      View Details
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    13391 Il. Hwy
    Paris, IL 61944
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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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