Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1556 Fitzhugh Ave Paris, TX 75460

    • Commercial real estate
    • 997 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6120587
    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 1556 Fitzhugh Ave

    Lot size
    0.11 lot acres
    Property size
    997 SF
    Property type
    Commercial real estate

    Description

    This charming two-bedroom, one-bathroom home is situated on a 0.112-acre lot in Paris, Texas, at 1556 Fitzhugh Avenue, zip code 75460. The property boasts a spacious living area filled with natural light, creating a welcoming atmosphere. The kitchen is a highlight, featuring custom cabinets, a tile backsplash, and convenient floating shelves, enhancing both functionality and aesthetic appeal. The home's total square footage is 997 square feet. Its convenient location offers easy access to a variety of amenities, including shopping and dining options. This property presents an excellent opportunity for first-time homebuyers or investors seeking a move-in ready home in a desirable location. The property is priced affordably at $135,000. This is a fantastic opportunity to own a piece of Paris, Texas. Don't miss out on this exceptional property. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Paris
    County
    Lamar
    State
    Texas
    Longitude
    -95.546901
    Latitude
    33.675943

    Comparable in this City

    • $49,000
      0.27 Acres

      Paris, TX Unimproved Land

      Two combined lots totaling 24,547 sqft in Paris, TX.
      2205 Bonham St, Paris, TX 75460
      View Details
    • Contact for pricing
      113.00 Acres

      Texas Ranch Estate Auction

      113 Acres, Luxury Living Awaits
      239 Private Rd 32507, Paris, TX 75460
      View Details
    • $114,500
      5.00 Acres

      Prime Paris, TX Development Land

      5 Acres, Mixed-Use Potential
      0 Old Jefferson Rd, Paris, TX 75460
      View Details
    • $300,000
      48.04 Acres

      Prime Paris, TX Development Land

      48 Acres, Commercial/Residential Potential
      0 Old Jefferson Rd, Paris, TX 75460
      View Details
    • $250,000
      3.32 Acres

      Paris, TX Apartment Buildings

      Income-producing apartment buildings on 3.32 acres in Paris, TX.
      2180 E Cherry St, Paris, TX 75460
      View Details
    • $40,000
      0.27 Acres

      Charming Rental Home in Paris,TX

      Inviting rental home in Paris, TX with mature trees.
      1440 E Washington St, Paris, TX 75460
      View Details

    Similar Nearby for Sale

    • $49,000
      0.27 Acres

      Paris, TX Unimproved Land

      Two combined lots totaling 24,547 sqft in Paris, TX.
      2205 Bonham St, Paris, TX 75460
      View Details
    • Contact for pricing
      113.00 Acres

      Texas Ranch Estate Auction

      113 Acres, Luxury Living Awaits
      239 Private Rd 32507, Paris, TX 75460
      View Details
    • $114,500
      5.00 Acres

      Prime Paris, TX Development Land

      5 Acres, Mixed-Use Potential
      0 Old Jefferson Rd, Paris, TX 75460
      View Details
    • $300,000
      48.04 Acres

      Prime Paris, TX Development Land

      48 Acres, Commercial/Residential Potential
      0 Old Jefferson Rd, Paris, TX 75460
      View Details
    • $250,000
      3.32 Acres

      Paris, TX Apartment Buildings

      Income-producing apartment buildings on 3.32 acres in Paris, TX.
      2180 E Cherry St, Paris, TX 75460
      View Details
    • $40,000
      0.27 Acres

      Charming Rental Home in Paris,TX

      Inviting rental home in Paris, TX with mature trees.
      1440 E Washington St, Paris, TX 75460
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      3,700 SF

      Prime Paris, TX Multi-Use Space

      High-visibility office/retail space available
      4037 Main St, Paris, TX 75460
      View Details
    • Contact for pricing
      33,800 SF

      Paris Shopping Center: Retail Opportunity

      High-traffic retail center, spaces available
      0 7Th St, Paris, TX 75460
      View Details
    • $10 SF/Yr
      5,000 SF

      Red River Business Park: Paris, TX

      Flex/Warehouse Space Available: NE Texas
      5501 Bonham St, Paris, TX 75460
      View Details
    • $16 SF/Yr
      292,784 SF

      Paris Towne Center Retail Space

      Prime Paris, TX retail space available.
      3550 Lamar Ave, Paris, TX 75460
      View Details
    • $15 SF/Yr
      293,594 SF

      Retail Spaces in Williamsburg Center

      Multiple retail spaces available for lease in Paris, Texas.
      1455 Clarksville St, Paris, TX 75460
      View Details
    • $3,200 /Mo
      7,405 SF

      Downtown Paris Office with Bay

      Office space in historic downtown Paris with bay door access.
      265 SE 1St St, Paris, TX 75460
      View Details
    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.
    1556 Fitzhugh Ave
    Paris, TX 75460
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!