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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6231 Lamar Rd Reno, TX 75462-7213

    • Commercial real estate
    • 4,020 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1610330
    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 6231 Lamar Rd

    Year built
    1989
    Lot size
    0.08 lot acres
    Property size
    4,020 SF
    Property type
    Commercial real estate
    APN
    103466
    APU
    103466

    Description

    This prime commercial property, located at 6231 Lamar Road in Reno, Texas, presents a unique investment opportunity. Situated on a 0.344-acre lot on high-traffic Lamar Street (Highway 82 East), this 3,726 square foot property offers exceptional visibility and accessibility. Its strategic location, easily accessible from Loop 286 in Paris, makes it ideal for a variety of commercial uses. The property features a spacious warehouse area, perfect for storage, manufacturing, or a showroom, complemented by dedicated office space and a bathroom. The adaptable design allows businesses to customize the space to meet their specific operational needs, whether it's a workshop, retail space, car lot, or other commercial venture. This property is a rare find in the growing town of Reno, offering significant potential for business growth and return on investment. The asking price is $229,000. The property's zip code is 75462, and it's located in Lamar County.

    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
    Reno
    County
    Lamar
    State
    Texas
    Longitude
    -95.47
    Latitude
    33.6642
    CBSA code
    37580
    CBSA name
    PARIS, TX MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $2,567
    $32,600
    $109,930
    $142,530
    -
    $32,600
    $109,930
    $142,530

    Comparable in this City

    • Value Estimation by Request
      2.48 Acres

      Paris, TX 75462

      COMMERCIAL (GENERAL) • 2.48 Acres
      Paris, TX 75462
      View Details
    • Value Estimation by Request
      0.09 Acres

      6575 Lamar Rd

      COMMERCIAL (GENERAL) • 0.09 Acres
      6575 Lamar Rd, Reno, TX 75462-7217
      View Details
    • Value Estimation by Request
      2,760 SF

      Fm 137

      COMMERCIAL (GENERAL) • 2,760 SF
      Fm 137, Paris, TX 75462
      View Details
    • Value Estimation by Request
      1,380 SF

      Paris, TX 75462

      COMMERCIAL (GENERAL) • 1,380 SF
      Paris, TX 75462
      View Details
    • Value Estimation
      $5,795,000
      46,653 SF

      150 47th SE St

      COMMERCIAL (GENERAL) • 46,653 SF
      150 47th SE St, Paris, TX 75462-7417
      View Details
    • Value Estimation by Request
      1,920 SF

      2950 Church S St

      COMMERCIAL (GENERAL) • 1,920 SF
      2950 Church S St, Paris, TX 75462-8906
      View Details

    Similar Nearby for Sale

    • $90,000
      2,350 SF

      6200 County Road 42200, Paris, TX 75462

      Commercial real estate • 2,350 SF
      6200 County Road 42200, Paris, TX 75462
      View Details
    • $210,000
      1.11 Acres

      Reno, TX Commercial Land - $210K

      High-traffic Hwy 82 frontage; development potential.
      0 Us Highway 82, Reno, TX 75462
      View Details
    • $160,000
      10.01 Acres

      Rangeland Acreage in Paris, Texas

      10.01 acres of partially fenced rangeland with utilities.
      1512 Fm 1497, Paris, TX 75462
      View Details
    • $350,000
      9.56 Acres

      9.56 Acre Corner Lot

      9.56 acre corner lot suitable for development or services.
      000 Hwy 271 S, Paris, TX 75462
      View Details
    • $109,000
      8.76 Acres

      Unimproved Land Near Paris, TX

      8.762 acres of land near Paris, Texas.
      000 County Road 22500, Paris, TX 75462
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      1,192 SF

      Retail Space in Paris, TX

      Retail space available for lease in Paris, Texas.
      3900 Lamar Ave, Paris, TX 75462
      View Details
    • $4,900 /Mo
      392,040 SF

      Reno, TX Retail Opportunity

      Retail space for lease with highway frontage in Reno, TX.
      3925 Hwy 82 E, Reno, TX 75462
      View Details
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    6231 Lamar Rd
    Reno, TX 75462-7213
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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.

    More about this property
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