Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in Tejas Plaza Title is generated by Realmo AI

    550 N Collegiate Drive, Paris, TX 75460

    View on Map
    Claim this Listing
    For Lease
    $2,950 /Mo

    Retail - Paris, TX

    Type:Retail
    Lot size:
    0.07 Acres
    Added:
    Apr 16, 2025
    Days on Market:
    389
    Last Refresh:
    May 9 at 1:06 am

    Property Features for 550 N Collegiate Drive

    General Information

    Property type
    Other
    Property subtype
    Retail
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    400152
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2008
    Flooring type
    Concrete
    Building materials
    Plaster, Stone
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Kimberly Ross

    Listing agent Kimberly Ross License #0668511

    Listing office United Country Altaterra Realt 1875 17th St NE, Ste 120, Paris, TX

    Listing date Apr 16, 2025

    MLS# 20906498 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.

    HighLights

    • High traffic location in Tejas Plaza.
    • Located in Paris, TX with surrounding businesses, banks, and restaurants.
    • Lease term of 2‑4 years available.
    • Construction materials include plaster and stone.
    • Central heating and air conditioning.
    • Parking lot available.

    Overview

    A retail unit is available for lease within Tejas Plaza, situated in Paris, TX. The location benefits from high traffic and is surrounded by various businesses, banks, and restaurants. The lease term is between 2 to 4 years. The tenant is responsible for covering utility costs. The lot size is 0.0689 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paris
    County
    Lamar
    State
    Texas
    Longitude
    -95.5265191
    Latitude
    33.6637213

    Nearby Similar for Lease

    • $3,000/Mo

      Paris, TX Commercial Office Space

      Well-located commercial office space off Loop 286 in Paris.
      870 NE Loop 286, Paris, TX 75460
      View Details
    • $15 SF/Yr

      Retail Spaces in Williamsburg Center

      Multiple retail spaces available for lease in Paris, Texas.
      1455 Clarksville, Paris, TX 75460
      View Details
    • $5,700/Mo

      Office Space in Paris, TX

      Office space available for rent in Paris, Texas.
      450 SW 4th Street, Paris, TX 75460
      View Details
    • $3,200/Mo

      Retail Space in Paris, TX

      Retail space available for lease in Paris, Texas.
      265 SE 1st Street, Paris, TX 75460
      View Details
    • $900/Mo

      Versatile Commercial Space on US HWY

      Flexible commercial spaces perfect for retail, office, or light industrial.
      4037 N Main Street #1, Paris, TX 75054
      View Details
    • $3,000/Mo

      Paris Office Space For Rent

      Well-located commercial office space off Loop 286 in Paris.
      870 NE Loop 286, Paris, TX 75460
      View Details
    • $15 SF/Yr

      Retail Spaces in Williamsburg Center

      Multiple retail spaces available in established shopping center.
      1455 Clarksville, Paris, TX 75460
      View Details
    • $2,950/Mo

      Retail Space in Tejas Plaza

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

      Retail Space in Paris, Texas

      5700 SF retail space available for lease.
      450 SW 4th Street, Paris, TX 75460
      View Details
    • Contact for pricing

      New Construction Retail Space Available

      New construction retail and restaurant spaces with drive-thru.
      2500 Lamar Ave, Paris, TX 75460
      View Details
    • $22 SF/Yr

      Retail Space in Paris, TX

      Retail space available for lease in Paris, Texas.
      3900 Lamar Ave, Paris, TX
      View Details
    • $6 SF/Yr

      Retail Space in Paris, Texas

      Large retail space available for lease in Paris, Texas.
      3036-3064 Blk Clarksville, Paris, TX
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail unit for lease in high-traffic Paris, Texas plaza.
    Where is this retail space located?
    The property is located at 550 N Collegiate Drive Paris, TX.
    What is the lease rate?
    The lease rate is $2,950 /Mo.
    What are key features of this property?
    This property features: High traffic location in Tejas Plaza.; Located in Paris, TX with surrounding businesses, banks, and restaurants.; Lease term of 2‑4 years available.
    (903) 438-2585
    We can help!
    Listing Contact
    Kimberly Ross
    Real Estate License ID: 0668511
    Learn More
    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.
    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

    Thank You for Inquiry
    550 N Collegiate Drive, Paris, TX 75460
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!