Renovated Mixed-Use Retail and
121125 Lamar Avenue Paris, TX 75460
For Sale
$1,300,000
Renovated mixed-use property with four income-producing units, including two street-level commercial spaces and two second-floor residential lofts.
Property Size7,126 SF
Price / SF$182.43
Days on Market19
Property Features for 121125 Lamar Avenue
General Information
- Standard status
- Active
- Size
- 7,126 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1920
Listing Agency:
Real Broker, LLC
(713) 357-6492
Listed By:
SHERRIE WHITE · License #0414339
Source:
Xome
Added: Jul 6
Changed: Jul 24
Last Checked: Jul 24 at 6:50AM
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 features four income-producing units: two street-level retail/commercial spaces and two second-floor residential loft units. The renovations were completed between 2023 and 2024, combining historic character with modern design elements such as soaring ceilings, exposed beams, hardwood floors, and designer kitchens, along with spacious open-concept living areas.
Located at 1211 Lamar Avenue in historic downtown Paris, Texas, the building is positioned for ongoing commercial and residential rental use, with the retail units serving established businesses and the loft units suited for long-term rental or short-term vacation rental arrangements.
As a turnkey asset, the property provides multiple income streams under one ownership structure, supported by the current leasing of the two street-level spaces and the separate residential configuration on the second floor.
Located at 1211 Lamar Avenue in historic downtown Paris, Texas, the building is positioned for ongoing commercial and residential rental use, with the retail units serving established businesses and the loft units suited for long-term rental or short-term vacation rental arrangements.
As a turnkey asset, the property provides multiple income streams under one ownership structure, supported by the current leasing of the two street-level spaces and the separate residential configuration on the second floor.
Key Highlights
- Renovated mixed‑use property with four income‑producing units: two street‑level retail/1st‑floor commercial spaces and two second‑floor residential loft units.
- Two street‑level commercial spaces are currently leased to established businesses.
- Heating: electric system noted; year built is 1920 with extensive renovations completed between 2023 and 2024.
Financial Insights For Retail
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 | $177.9k | $24.96 |
| − Vacancy | −$8.9k | −$1.25 |
| EGI | $169.0k | $23.71 |
| − OpEx | −$50.7k | −$7.11 |
| NOI | $118.3k | $16.60 |
7,126 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.69M
$1.48M – $1.97M
NOI $118,280 @ 7.0% cap · market cap 9.10%
Second Best
Mixed Use
$878.0K
$768.3K – $1.02M
NOI $61,462 @ 7.0% cap · market cap 4.73%
Theoretical Best
Hotel Hospitality
$5.37M
$4.70M – $6.26M
NOI $375,718 @ 7.0% cap · market cap 28.90%
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 four income-producing units, including two street-level commercial spaces and two second-floor residential lofts.
Where is this mixed-use property located?
The property is located at 121125 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 with four income‑producing units: two street‑level retail/1st‑floor commercial spaces and two second‑floor residential loft units.; Two street‑level commercial spaces are currently leased to established businesses.; Heating: electric system noted; year built is 1920 with extensive renovations completed between 2023 and 2024.
