Paris, Texas Warehouse
For Sale
Contact for pricing
1110 W Washington St, Paris, TX
Office/warehouse on railroad line, ideal for efficiency and growth.
Property Size59,700 SF
Lot Size2.03 Acres
Price / SF$58.63
Days on Market370
Property Features for 1110 W Washington St
General Information
Standard status
Active
Size
59,700 SF
Lot size
2.03 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Carey Cox Company
(972) 562-0129
Listed By:
Bill Cox · License #0341788
(972) 562-0129
Source:
Moodyscre
Added: Aug 8, 2025
Changed: Jul 6
Last Checked: Aug 12 at 11:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Carey Cox Company
Investment Insights
Based on property information with market context.
This office/warehouse space is situated directly on a railroad line in Paris, Texas. The property combines convenience with functionality, making it an ideal choice for companies seeking both efficiency and growth potential. The property is situated in an industrial zone with access to major highways and local amenities. The property contains 59,700 square feet. DFW and Texarkana airports are both just an hour and forty-five minute commute from the site.
Key Highlights
- Direct access to a railroad line.
- Office/warehouse space suitable for various business needs.
- Located in an industrial zone.
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
$304,744
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
8.71%
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%
$6,094,880
$6.1M
Cap Rate 7%
$4,353,486
$4.4M
Cap Rate 9%
$3,386,044
$3.4M
Market Conditions
NOI Build-Up for 59,700 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
$480.0K $8.04/SF
− Vacancy
−$44.6K −$0.75/SF
EGI
$435.3K $7.29/SF
− OpEx
−$130.6K −$2.19/SF
NOI
$304.7K $5.10/SF
Area
Lamar County, TX
Vacancy
9.30%
Lease Rate
$8.04 /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%
$6,094,880
Cap Rate 7%
$4,353,486
Cap Rate 9%
$3,386,044
Alternative Uses
Best Use
Warehouse
$5.29M
$4.63M – $6.17M
NOI $370,047 @ 7.0% cap · market cap 10.57%
Second Best
Industrial
$4.35M
$3.81M – $5.08M
NOI $304,744 @ 7.0% cap · market cap 8.71%
Theoretical Best
Hotel Hospitality
$44.97M
$39.35M – $52.46M
NOI $3,147,683 @ 7.0% cap · market cap 89.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Blue Water Storage - Paris — 600 Graham St, Paris, TX 75460
- Grand Warehouse — Paris, TX 75460
- Industrial Self Storage — 600 graham st, paris, tx 75460
- Bonham Street Storage — 1825 Bonham St, Paris, TX 75460
- Mary Anns Climate Control Storage — 407 1st St SW, Paris, TX 75460
Frequently Asked Questions
What type of property is this?
Warehouse - Office/warehouse on railroad line, ideal for efficiency and growth.
Where is this warehouse located?
The property is located at 1110 W Washington St Paris, TX.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Direct access to a railroad line.; Office/warehouse space suitable for various business needs.; Located in an industrial zone.
