Retail Storefront with Main Street
For Sale
Contact for pricing
1140 N Main Street, Paris, TX 75460
Visible storefront on a primary commercial corridor with about 9,900 vehicles per day for strong local presence.
Property Size1,800 SF
Lot Size0.85 Acres
Price / SF$208.33
Days on Market103
Property Features for 1140 N Main Street
General Information
Standard status
Active
Size
1,800 SF
Lot size
0.85 Acres
Property subtype
Retail
Investment Type
Owner/User
Additional Details
Traffic Count
9,900 vehicles/day
Listing Agency:
Focus Commercial Real Estate
Listed By:
Corey Fuhrman · License #AB00081934
(479) 876-8080
Source:
Crexi
Added: May 28
Changed: Aug 28
Last Checked: Sep 7 at 1:18AM
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 Focus Commercial Real Estate
Investment Insights
Based on property information with market context.
1140 N Main Street is a visible retail storefront property totaling approximately 1,800 square feet, situated on about 0.85 acres. The site is set up as a straightforward, adaptable building for a range of uses, including daily-needs retail, service-oriented businesses, automotive-related concepts, and healthcare or local business operations. This configuration supports owner users and investors seeking a functional layout without the added complexity of a larger redevelopment.
The property is positioned along one of Paris, Texas’ primary commercial corridors on N Main Street. Main Street carries approximately 9,900 vehicles per day, contributing consistent exposure to local traffic and surrounding commercial activity in Lamar County. Paris serves as a regional commercial center for northeast Texas, drawing customers from the local area and nearby communities.
From a tenant or buyer perspective, the combination of corridor visibility, accessible site dimensions, and flexible reuse helps support multiple operating models, including retail, service, or owner-user occupancy. Buyers evaluating this property can consider it as a practical option for establishing a presence on a busy local trade area while maintaining the ability to adapt the space to suit their intended use.
The property is positioned along one of Paris, Texas’ primary commercial corridors on N Main Street. Main Street carries approximately 9,900 vehicles per day, contributing consistent exposure to local traffic and surrounding commercial activity in Lamar County. Paris serves as a regional commercial center for northeast Texas, drawing customers from the local area and nearby communities.
From a tenant or buyer perspective, the combination of corridor visibility, accessible site dimensions, and flexible reuse helps support multiple operating models, including retail, service, or owner-user occupancy. Buyers evaluating this property can consider it as a practical option for establishing a presence on a busy local trade area while maintaining the ability to adapt the space to suit their intended use.
Key Highlights
- 1,800 SF commercial building on approximately 0.85 acres
- Visible storefront on a primary commercial corridor in Paris, Lamar County
- Main Street averages about 9,900 vehicles per day for consistent local traffic exposure
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
$29,877
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
7.97%
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%
$597,540
$597.5K
Cap Rate 7%
$426,814
$426.8K
Cap Rate 9%
$331,967
$332.0K
Market Conditions
NOI Build-Up for 1,800 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
$44.9K $24.96/SF
− Vacancy
−$2.2K −$1.25/SF
EGI
$42.7K $23.71/SF
− OpEx
−$12.8K −$7.11/SF
NOI
$29.9K $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%
$597,540
Cap Rate 7%
$426,814
Cap Rate 9%
$331,967
Alternative Uses
Best Use
Retail
$426.8K
$373.5K – $498.0K
NOI $29,877 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.36M
$1.19M – $1.58M
NOI $94,905 @ 7.0% cap · market cap 25.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9,900 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
4,729 visits/mo
0.5 miles
Exxon
Shops & Services
4,045 visits/mo
0.3 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Visible storefront on a primary commercial corridor with about 9,900 vehicles per day for strong local presence.
Where is this storefront property located?
The property is located at 1140 N Main Street Paris, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,800 SF commercial building on approximately 0.85 acres; Visible storefront on a primary commercial corridor in Paris, Lamar County; Main Street averages about 9,900 vehicles per day for consistent local traffic exposure
