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

    937 Pine Bluff St Paris, TX 75460

    • Commercial real estate
    • 0.39 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5714587
    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 937 Pine Bluff St

    Lot size
    0.39 lot acres
    Property type
    Commercial real estate
    APN
    14592

    Description

    This exceptional 0.39-acre property in Paris, Texas, presents a unique opportunity to own a historical two-story American Craftsman home. Located in a desirable neighborhood, this three-bedroom, two-bathroom residence boasts original hardwood floors (in the front and throughout), a formal dining room, and a formal living room featuring beautiful wood-beamed ceilings. A cozy fireplace with gas logs adds to the home's charm. While requiring restoration, the property offers significant potential. The home's character and charm are undeniable, and the abundance of included building materials – including flooring, vintage ceiling panels, doors, kitchen cabinets, ceiling fans, and hardware – significantly reduce renovation costs. The property's APN is 14592, and its address is 937 Pine Bluff St, Paris, TX 75460. This is a rare chance to acquire a piece of Texas history and create a stunning, modern home. The property is being offered via auction. Don't miss this chance to own a piece of history and create your dream home.

    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
    -95.546817093791
    Latitude
    33.663918159061

    Comparable in this City

    • New
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      Paris, TX Unimproved Land

      Two combined lots totaling 24,547 sqft in Paris, TX.
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      113.00 Acres

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      113 Acres, Luxury Living Awaits
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    • $300,000
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      Prime Paris, TX Development Land

      48 Acres, Commercial/Residential Potential
      0 Old Jefferson Rd, Paris, TX 75460
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    • $114,500
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      Prime Paris, TX Development Land

      5 Acres, Mixed-Use Potential
      0 Old Jefferson Rd, Paris, TX 75460
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    • $250,000
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      Paris, TX Apartment Buildings

      Income-producing apartment buildings on 3.32 acres in Paris, TX.
      2180 E Cherry St, Paris, TX 75460
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    • $140,000
      0.12 Acres

      Paris, TX Duplex Investment

      Charming duplex in Paris, TX, ideal for investors.
      545 E Houston St, Paris, TX 75460
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    Similar Nearby for Sale

    • New
      $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
    • $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
    • Contact for pricing
      113.00 Acres

      Texas Ranch Estate Auction

      113 Acres, Luxury Living Awaits
      239 Private Rd 32507, 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
    • $140,000
      0.12 Acres

      Paris, TX Duplex Investment

      Charming duplex in Paris, TX, ideal for investors.
      545 E Houston St, Paris, TX 75460
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,553 SF

      Prime Paris Restaurant Opportunity

      Free-standing, drive-thru potential, high traffic.
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    • Contact for pricing
      15,506 SF

      Retail Space in Paris, Texas

      Retail space available in Paris, Texas near major retailers.
      650 Bonham St, Paris, TX 75460
      View Details
    • $1,700 /Mo
      36,155 SF

      Functional Office Space in Paris

      Versatile commercial space in Paris, TX, suitable for various businesses.
      240 10Th St SE, Paris, TX 75460
      View Details
    • $1,700 /Mo
      36,155 SF

      Versatile Office Space in Paris, TX

      Functional commercial space in Paris, TX, suitable for various businesses.
      240 10Th St SE, Paris, TX 75460
      View Details
    • $2,950 /Mo
      3,001 SF

      Retail Space in Tejas Plaza

      Retail unit for lease in high-traffic Paris, Texas plaza.
      550 N Collegiate Dr, Paris, TX 75460
      View Details
    • $5,700 /Mo

      Office Space in Paris, TX

      Office space available for rent in Paris, Texas.
      450 SW 4Th St, Paris, TX 75460
      View Details
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    937 Pine Bluff St
    Paris, TX 75460
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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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