Flex Space with
For Sale
$525,000
2750 Bonham Street, Paris, TX 75460
CommercialSale, Paris, TX
Property Size6,000 SF
Lot Size1.25 Acres
Price / SF$87.50
Days on Market30
Property Features for 2750 Bonham Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
BUSINESS
Parking features
Parking Lot
Subdivision
Sperrys 1st Add
Directions
GPS FRIENDLY!
Standard status
Active
APN
19638
Size
6,000 SF
Lot size
1.25 Acres
Taxes and HOA fees
Tax Description
SEE PRIVATE REMARKS
Tax Annual Amount
135
Legal Description
SEE PRIVATE REMARKS
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Composition
Listing Agency:
Hygge Homes and Land
(903) 609-2050
Listed By:
Meagen Smith · License #0679901
(903) 363-2222
Added: Aug 4
Changed: Aug 31
Last Checked: Sep 2 at 1:06AM
MLS# 21349827
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.
Investment Insights
Based on property information with market context.
This 6,000-square-foot flex property combines a metal office and warehouse building with a practical separation between administrative and operational functions. The office portion includes reception, private offices, storage rooms, a break room with full kitchen, and multiple restrooms. The warehouse provides clear-span space, high ceilings, concrete flooring, overhead roll-up doors, shelving, and racking for storage, fabrication, inventory, or distribution needs.
The property encompasses approximately 1.25 acres at 2750 Bonham Street in Paris, Texas. Exterior improvements include a paved parking lot and additional yard area. Public water and public sewer serve the property, while central air and electric heating support the building. The existing configuration offers office support alongside substantial warehouse space for a range of commercial operations.
The property encompasses approximately 1.25 acres at 2750 Bonham Street in Paris, Texas. Exterior improvements include a paved parking lot and additional yard area. Public water and public sewer serve the property, while central air and electric heating support the building. The existing configuration offers office support alongside substantial warehouse space for a range of commercial operations.
Key Highlights
- 6,000 square feet of combined office and warehouse space
- Approximately 1.25 acres with paved parking and additional yard area
- Clear‑span warehouse with high ceilings and concrete flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,191
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$743,820
$743.8K
Cap Rate 7%
$531,300
$531.3K
Cap Rate 9%
$413,233
$413.2K
Market Conditions
NOI Build-Up for 6,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.2K $8.04/SF
− Vacancy
−$4.5K −$0.75/SF
EGI
$43.8K $7.29/SF
− OpEx
−$6.6K −$1.09/SF
NOI
$37.2K $6.20/SF
Area
Lamar County, TX
Vacancy
9.30%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$743,820
Cap Rate 7%
$531,300
Cap Rate 9%
$413,233
Alternative Uses
Best Use
Office B
$1.48M
$1.30M – $1.73M
NOI $103,680 @ 7.0% cap · market cap 19.75%
Second Best
Warehouse
$531.3K
$464.9K – $619.9K
NOI $37,191 @ 7.0% cap · market cap 7.08%
Theoretical Best
Hotel Hospitality
$4.52M
$3.95M – $5.27M
NOI $316,350 @ 7.0% cap · market cap 60.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75460, TX
22,925
Population
11,210
Households
2
Avg Household Size
38
Median Age
17%
College-Educated
88%
High-School Grad
101.9 sq mi
ZIP Area
225
Density / Sq Mi
$44,241
Median Household Income
$30,546
Median Earnings
$895
Median Rent
$123,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Metal flex facility combining private offices, support areas, and a clear-span warehouse with loading access.
Where is this flex space located?
The property is located at 2750 Bonham Street Paris, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 6,000 square feet of combined office and warehouse space; Approximately 1.25 acres with paved parking and additional yard area; Clear‑span warehouse with high ceilings and concrete flooring
