Turnkey Wine & Beer
For Sale
$575,000
4645 Lamar Avenue, Paris, TX 75462
Turnkey hospitality concept with full-service bar, functional kitchen, indoor/outdoor seating, and two restrooms at 4645 Lamar Avenue.
Property Size1,200 SF
Price / SF$479.17
Days on Market37
Property Features for 4645 Lamar Avenue
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Retail
Additional Details
Business Included
Yes
Building Details
Year Built
1988
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Jul 7
Changed: Aug 11
Last Checked: Aug 12 at 5:42AM
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 turnkey wine and beer garden is set up for a hospitality business with both indoor and outdoor seating. The concept includes a full-service bar, a functional kitchen, and two restrooms, giving an operator the essentials to serve food and beverages and support scheduled programming.
The property’s spacious outdoor area is designed for gatherings and special events, with room for activities such as pickleball and cornhole tournaments, plus options for live music, movie nights, private parties, and community celebrations. The remarks also describe multiple revenue angles, including private event rentals, food and beverage sales, and food truck space for other special events.
For a buyer or operator looking to continue the current concept or bring a new vision, the layout supports both everyday service and event-driven use. With indoor capacity to complement the outdoor gathering space, and on-site functionality for bar service and food preparation, this is positioned as a ready-to-operate hospitality property. The offering is for sale at 4645 Lamar Avenue, Paris, TX 75462.
The property’s spacious outdoor area is designed for gatherings and special events, with room for activities such as pickleball and cornhole tournaments, plus options for live music, movie nights, private parties, and community celebrations. The remarks also describe multiple revenue angles, including private event rentals, food and beverage sales, and food truck space for other special events.
For a buyer or operator looking to continue the current concept or bring a new vision, the layout supports both everyday service and event-driven use. With indoor capacity to complement the outdoor gathering space, and on-site functionality for bar service and food preparation, this is positioned as a ready-to-operate hospitality property. The offering is for sale at 4645 Lamar Avenue, Paris, TX 75462.
Key Highlights
- Turnkey hospitality concept at 4645 Lamar Avenue built in 1988
- Indoor and outdoor seating with a full‑service bar and functional kitchen
- Includes two restrooms for guest use
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
$21,341
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
3.71%
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%
$426,820
$426.8K
Cap Rate 7%
$304,871
$304.9K
Cap Rate 9%
$237,122
$237.1K
Market Conditions
NOI Build-Up for 1,200 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
$30.0K $24.96/SF
− Vacancy
−$1.5K −$1.25/SF
EGI
$28.5K $23.71/SF
− OpEx
−$7.1K −$5.93/SF
NOI
$21.3K $17.78/SF
Area
Lamar County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$426,820
Cap Rate 7%
$304,871
Cap Rate 9%
$237,122
Alternative Uses
Best Use
Specialty Retail
$304.9K
$266.8K – $355.7K
NOI $21,341 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$903.9K
$790.9K – $1.05M
NOI $63,270 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
534k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Apparel 20%
Superstores 17%
Shops & Services 13%
Walmart
Superstores
90,954 visits/mo
0.2 miles
T.J. Maxx
Apparel
36,302 visits/mo
0.4 miles
Braum's Ice Cream & Dairy Stores
Dining
34,866 visits/mo
0.3 miles
McDonald's
Dining
34,527 visits/mo
0.1 miles
Hobby Lobby
Shops & Services
31,325 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?
Bar & Pub - Turnkey hospitality concept with full-service bar, functional kitchen, indoor/outdoor seating, and two restrooms at 4645 Lamar Avenue.
Where is this bar & pub located?
The property is located at 4645 Lamar Avenue Paris, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Turnkey hospitality concept at 4645 Lamar Avenue built in 1988; Indoor and outdoor seating with a full‑service bar and functional kitchen; Includes two restrooms for guest use
