Mixed-Use Building with Retail
121-125 Lamar Avenue Paris, TX 75460
New
For Sale
$1,300,000
Renovated mixed-use property with two leased street-level retail spaces and two second-floor residential lofts.
Property Size7,339 SF
Price / SF$177.14
Days on Market3
Property Features for 121-125 Lamar Avenue
General Information
- Standard status
- Active
- Size
- 7,339 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency:
Real Broker, LLC
(903) 517-3311
Listed By:
SHERRIE WHITE · License #0414339
(903) 517-3311
Source:
Signaturere
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 7:06AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This renovated mixed-use property comprises four income-producing units: two street-level retail/commercial spaces currently leased to established businesses, and two second-floor residential lofts. Renovations completed between 2023 and 2024 blend historic character with modern design, with features including soaring ceilings, exposed beams, hardwood floors, and designer kitchens, alongside spacious open-concept living areas.
Located at 121-125 Lamar Avenue in Paris, Texas, the building’s structure supports both retail presence at street level and residential rental use on the second floor, offering flexible occupancy options across its two distinct unit types. The property is presented as a turnkey investment opportunity, with the owner represented as a licensed Texas REALTOR®.
Located at 121-125 Lamar Avenue in Paris, Texas, the building’s structure supports both retail presence at street level and residential rental use on the second floor, offering flexible occupancy options across its two distinct unit types. The property is presented as a turnkey investment opportunity, with the owner represented as a licensed Texas REALTOR®.
Key Highlights
- Renovated mixed‑use property built in 1920 with four income‑producing units
- Two street‑level retail/commercial spaces currently leased to established businesses
- Two second‑floor residential lofts for long‑term rentals or short‑term vacation rentals (Airbnb)
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.1k | $15.00 |
| − Vacancy | −$8.8k | −$1.20 |
| EGI | $101.3k | $13.80 |
| − OpEx | −$38.0k | −$5.18 |
| NOI | $63.3k | $8.63 |
7,339 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$1.74M
$1.52M – $2.03M
NOI $121,816 @ 7.0% cap · market cap 9.37%
Second Best
Mixed Use
$904.3K
$791.2K – $1.05M
NOI $63,299 @ 7.0% cap · market cap 4.87%
Theoretical Best
Hotel Hospitality
$5.53M
$4.84M – $6.45M
NOI $386,949 @ 7.0% cap · market cap 29.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Mixed-use property - Renovated mixed-use property with two leased street-level retail spaces and two second-floor residential lofts.
Where is this mixed-use property located?
The property is located at 121-125 Lamar Avenue Paris, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Renovated mixed‑use property built in 1920 with four income‑producing units; Two street‑level retail/commercial spaces currently leased to established businesses; Two second‑floor residential lofts for long‑term rentals or short‑term vacation rentals (Airbnb)
