Retail Space with Central
For Sale
$899,999
Lamar Road, Reno, TX 75462
COMMERCIAL - Reno, TX
Property Size2,000 SF
Lot Size0.68 Acres
Price / SF$449
Days on Market48
Property Features for Lamar Road
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
commercial
Subdivision
S Peters Surv Abs 715
Directions
From Paris Take 82 West approximately 5 miles and the property is on your right
Standard status
Active
APN
124278
Lot size
0.68 Acres
Taxes and HOA fees
Tax Description
A715 S PETERS SURVEY, ACRES .677
Tax Annual Amount
252
Legal Description
A715 S PETERS SURVEY, ACRES .677
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
1
Number of units
1
Flooring type
Laminate
Building materials
AluminumSiding
Roof type
Metal
Listing Agency:
Hygge Homes and Land
(903) 609-2050
Listed By:
Jack Rosenthal
(903) 363-2222
Added: Jul 8
Changed: Aug 15
Last Checked: Aug 24 at 12:06AM
MLS# 21320488
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 retail property comprises approximately 2,000 square feet on a 0.677-acre parcel. Built in 2023, the building has aluminum siding, a metal roof, and laminate flooring. Central heating and central air conditioning serve the space, while public water and public sewer provide utility service.
The property is located on Lamar Road in Reno, Texas, within Lamar County. Its commercial setting and established physical improvements provide a straightforward base for retail occupancy or other uses supported by the applicable property requirements.
The property is located on Lamar Road in Reno, Texas, within Lamar County. Its commercial setting and established physical improvements provide a straightforward base for retail occupancy or other uses supported by the applicable property requirements.
Key Highlights
- Approximately 2,000 square feet of retail space
- 0.677‑acre parcel on Lamar Road
- Built in 2023
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
$33,197
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
3.69%
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%
$663,940
$663.9K
Cap Rate 7%
$474,243
$474.2K
Cap Rate 9%
$368,856
$368.9K
Market Conditions
NOI Build-Up for 2,000 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
$49.9K $24.96/SF
− Vacancy
−$2.5K −$1.25/SF
EGI
$47.4K $23.71/SF
− OpEx
−$14.2K −$7.11/SF
NOI
$33.2K $16.60/SF
Area
Lamar County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
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%
$663,940
Cap Rate 7%
$474,243
Cap Rate 9%
$368,856
Alternative Uses
Best Use
Retail
$474.2K
$415.0K – $553.3K
NOI $33,197 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.51M
$1.32M – $1.76M
NOI $105,450 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
9,013 visits/mo
0.5 miles
Dollar Tree
Shops & Services
6,789 visits/mo
0.3 miles
Demographics for 75462, TX
12,016
Population
4,717
Households
2.5
Avg Household Size
43
Median Age
29%
College-Educated
90%
High-School Grad
192.7 sq mi
ZIP Area
62
Density / Sq Mi
$72,576
Median Household Income
$41,284
Median Earnings
$961
Median Rent
$226,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Newer retail property with public water and sewer service on a sizable commercial parcel.
Where is this retail space located?
The property is located at Lamar Road Reno, TX.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Approximately 2,000 square feet of retail space; 0.677‑acre parcel on Lamar Road; Built in 2023
