Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Retail & Industrial Flex Building Title is generated by Realmo AI

    1626 Lamar Avenue, Paris, TX 75460

    View on Map
    Claim this Listing
    Pending
    $425,000

    SINGLE_FAMILY - Paris, TX

    Type:Retail
    Property size:
    2,400 SF
    Lot size:
    0.43 Acres
    Added:
    Apr 19, 2026
    Days on Market:
    46
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for 1626 Lamar Avenue

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking features
    Parking Lot, Carport
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Pending
    APN
    102297
    Lot size
    0.43 Acres

    Taxes and HOA fees

    Tax Description
    CITY OF PARIS, BLOCK 102-C, LOT 2, 1626 LAMAR
    Tax Annual Amount
    3965

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1998
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Carpet, Tile, Concrete
    Building materials
    Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Kristin McCarley

    Listing agent Kristin McCarley License #0738160

    Listing office Coldwell Banker Regional Realty Paris, TX

    Listing date Apr 19, 2026

    MLS# 20962138

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2400 SF retail building on a corner lot on Lamar Street with a reported traffic count of 22,000+
    • Brick building with metal roof, public water, and public sewer
    • Retail layout includes 2 entrances, large waiting/sitting area, 1 bathroom, and 1 office
    • Insulated 30x30 attached shop with double garage doors, heated and air‑conditioned
    • 25x30 attached carport plus an 83x16 insulated warehouse with 1 door and 1 garage door, shelves, and electric
    • Parking includes parking lot spaces and a carport; accessible approach with ramp

    Overview

    This property offers 2,400 square feet of clean retail space configured for a working business, with two entrances, several parking spaces, a large waiting or sitting area, one bathroom, and one office. In addition to the retail area, there is an insulated 30 by 30 attached shop with double garage doors, providing both heat and air conditioning. A 25 by 30 carport is attached to the shop, and there is an insulated 83 by 16 warehouse next to the shop equipped with one door, one garage door, shelves, and electric.

    Located at 1626 Lamar Avenue in Paris, TX on a corner lot, the site is described as having a 22,000+ traffic count on Lamar Street. The corner placement at 17th and Lamar is intended to support visibility and customer access.

    For buyers or operators, the combination of storefront-ready retail space and substantial attached shop and warehouse improvements makes this a strong fit for businesses that need both customer-facing presence and on-site service or storage capability. The existing layout with office and waiting space can support service retail formats, while the insulated shop and warehouse help accommodate year-round operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    D.BENTON'S AUDIO VIDEO ... Electronics & Wireless Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • TFT Catering and Event Planning — 123 Clarksville St, Paris, TX 75460

    Location Insight

    • Map
    • Local Demand
    City
    Paris
    County
    Lamar
    State
    Texas
    Longitude
    -95.539187
    Latitude
    33.660982

    Nearby Similar for Sale

    • $875,000
      15,040 SF

      Light Industrial and Office Campus

      Multi-building industrial campus with office space, clear-span covered storage, and crane-equipped shop on acreage.
      2620 Farm Road 79, Paris, TX 75460
      View Details
    • $895,000

      Former Day Care to Multi-Use Building

      A former daycare with private room layout and multiple support spaces, well-suited for community, service, or suite-style uses.
      1905 E Price Street, Paris, TX 75460
      View Details
    • $495,000
      4,560 SF

      High-Traffic Commercial Building

      A versatile commercial building offering multiple use options with over 31,000 vehicles passing daily.
      2280 NE Loop 286, Paris, TX 75460
      View Details
    • $1,200,000

      Turn-Key Tire Shop with Shop Equipment

      Acquire a ready-to-operate tire shop including essential equipment, tools, and an on-hand tire inventory.
      2038 N Main Street, Paris, TX 75460
      View Details
    • $1,080,000

      Tenant-Occupied Office Building

      Commercial office building with a flexible suite layout and strong parking improvements, currently under tenant occupancy.
      2625 S Church, Paris, TX 75460
      View Details
    • $700,000

      Entertainment Lounge and Event Venue

      Turnkey lounge and entertainment facility with a fully equipped interior and large parking lot for ongoing operations or redevelopment.
      1734 N Main Street, Paris, TX 75460
      View Details
    • $899,900

      Turnkey Restaurant with Patio

      Turnkey restaurant setup with hoods and coolers, plus large patio and dining rooms built for high-volume service.
      1260 Clarksville Street, Paris, TX 75460
      View Details
    • $3,650,000

      Multi-Tenant Warehouse and Office Hub

      Updated office suites and flexible warehouse configurations offer a strong platform for regional operations and growth.
      3790 Lamar Avenue, Paris, TX 75462
      View Details
    • $619,900

      Modern Retail Building with Expansion

      Built in 2021 on a high-traffic corridor, this versatile retail building supports multiple concepts and immediate occupancy.
      3258 E US Highway 82, Paris, TX 75462
      View Details
    • $649,000

      Light Commercial Flex Building

      Updated flex building on over two acres with ample parking, high ceilings, and light commercial zoning for varied business uses.
      2301 N Main Street, Paris, TX 75460
      View Details
    • $579,000

      Former Restaurant with Multiple Access Points

      Former restaurant site with exceptional traffic visibility and convenient access from multiple streets for easy customer flow.
      350 NW 1st, Paris, TX 75460
      View Details
    • $495,000
      4,560 SF

      Paris, TX Commercial Building

      Commercial building for sale on NE Loop, Paris, TX.
      2280 Loop 286, Paris, TX 75460
      View Details

    FAQs

    What type of property is this?
    Flex space - Corner lot with 22,000+ traffic count plus attached insulated shop and warehouse space for flexible business uses.
    Where is this flex space located?
    The property is located at 1626 Lamar Avenue Paris, TX.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: 2400 SF retail building on a corner lot on Lamar Street with a reported traffic count of 22,000+; Brick building with metal roof, public water, and public sewer; Retail layout includes 2 entrances, large waiting/sitting area, 1 bathroom, and 1 office
    (903) 782-9800
    We can help!
    Listing Contact
    Kristin McCarley
    Real Estate License ID: 0738160
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1626 Lamar Avenue, Paris, TX 75460
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!