Add Listing
    For Sale
    • 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

    20 Plz N Paris, TX 75460

    View on Map
    Sponsored
    For Sale
    $899,950

    Retail - Paris, TX

    Type:Retail
    Property size:
    16,200 SF
    Lot size:
    0.18 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 7 at 5:06 pm

    Property Features for 20 Plz N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    13643
    Parking features
    On Street, Paved or Surfaced
    Size
    16,200 SF
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1917
    Flooring type
    Carpet, Hardwood, Tile, Wood
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Bentley Greb
    Bentley Greb

    Greb Real Estate (903) 401-2939

    Listing agent Bentley Greb (903) 401-2939 License #0650433

    Listing date Mar 6, 2026

    MLS# 20929977 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Downtown Paris Mixed-Use Opportunity

    Located in downtown Paris, Texas, this property offers over 16,200 square feet of flexible space suitable for retail, loft conversions, or a mixed-use setup. The building features picture windows, a mezzanine, and two upper floors with residential living quarters. It includes a private office, storage areas, and dual access from 15 N. Main Street and a rear alley entry. The 20 North Plaza side has a classic awning, double-door entry, and glass-encased display windows. The architecture on this side dates back to the 1960s. Recent upgrades include a new roof on the 15 N. Main side, a new HVAC system, updated electrical and lighting, and a sprinkler system with monitoring and alarm capabilities that meets 2025 safety standards. The property is situated on a lot of 0.18 acres.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Paris
    County
    Lamar
    State
    Texas
    Longitude
    -95.556738
    Latitude
    33.661606

    Nearby Similar for Sale

    • $335,000
      1,232 SF

      Remodeled Commercial Property with Open Layout

      Updated commercial space suitable for retail, office, or wellness studios.
      3015 Clarksville St, Paris, TX 75460
      View Details
    • $990,000
      11,000 SF

      Versatile Commercial Property in Paris, TX

      11,000+ SF commercial property with multi-use potential in Paris.
      1905 E Price St, Paris, TX 75460
      View Details
    • $699,000
      8,077 SF

      Updated Building on 2+ Acres

      Updated 8,077 sq ft building on 2+ acres.
      2301 N Main St, Paris, TX 75460
      View Details
    • $375,000
      1,500 SF

      Paris Retail/Warehouse Opportunity For Sale

      High-visibility retail with warehouse space on a well-traveled roadway.
      4037 N Main St, Paris, TX 75460
      View Details
    • $899,500
      2.79 Acres

      Commercial Property on High-Traffic Corridor

      2.79-acre commercial property with a 7200 sq ft building.
      3610 N Main St, Paris, TX 75460
      View Details
    • $300,000
      0.98 Acres

      Commercial Building on Large Lot

      Highly visible commercial building with apartment and shop in Paris.
      1865 N Main St, Paris, TX 75460
      View Details
    • $495,000
      4,560 SF

      Paris, TX Commercial Building

      Commercial building for sale on NE Loop, Paris, TX.
      2280 Loop 286, Paris, TX 75460
      View Details
    • New
      $110,000
      2,000 SF

      Downtown Paris Shop with Lots

      Metal shop with office and adjoining lots in Paris.
      269-306 2Nd St SW, Paris, TX 75460
      View Details
    • $525,000
      1.22 Acres

      Paris, TX Business Opportunity

      Office complex with bays and gated storage on high-traffic highway.
      2425 Yoder Rd, Paris, TX 75460
      View Details
    • $350,000
      0.90 Acres

      Paris, TX Warehouse on Corner

      Prime commercial real estate with warehouse and fuel tanks.
      1425 S Church St, Paris, TX 75460
      View Details
    • $350,000
      1.13 Acres

      Fuel Distribution Center Opportunity

      Fuel distribution center on 1.13 acres in Paris, TX.
      2190 S Church St, Paris, TX 75460
      View Details
    • $189,900
      3,179 SF

      Paris Warehouse with Office Space

      3179 sq ft warehouse with office on 3.25 acres.
      1220 19Th St NW, Paris, TX 75460
      View Details

    FAQs

    What type of property is this?
    Storefront property - Unique mixed-use property in downtown Paris, Texas, with retail and residential.
    Where is this storefront property located?
    The property is located at 20 Plz N Paris, TX.
    What is the asking price?
    The asking price for this property is $899,950.
    What are key features of this property?
    This property features: - Prime downtown Paris, Texas location with high foot traffic.; - **16,200+ sq ft of flexible space** suitable for retail, loft conversions, or mixed-use.; - Residential living quarters on upper floors, blending commercial and residential use.
    (903) 401-2939
    Request Owner's contact information
    20 Plz N Paris, TX 75460
    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.
    20 Plz N
    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
    20 Plz N Paris, TX 75460
    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

    We can help!
    Listing Contact
    Bentley Greb
    Bentley Greb
    Real Estate License ID: 0650433
    (903) 401-2939 (214) 704-0260 (903) 785-5578
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!