Corner Self-Service Gas
New
For Sale
$175,000
1810 N Main Street, Paris, TX 75460
Commercially zoned corner property with access from three streets and an on-site self-serve ice machine.
Property Size644 SF
Lot Size0.47 Acres
Days on Market6
Property Features for 1810 N Main Street
General Information
Standard status
Active
Size
644 SF
Lot size
0.47 Acres
Property subtype
Commercial
Zoning
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
self-serve ice machine
Building Details
Building Size
644 SF
Year Built
1969
Stories
1
Units
1
Listing Agency:
Keller Williams Legacy
(903) 905-1640
Listed By:
Chad Stephens · License #0434869
(903) 905-1640
Source:
1111brokerage
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 26 at 9:58AM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
Configured as a self-service gas station, this commercial property occupies 0.47 acres and was built in 1969. The corner site provides frontage along N. Main Street, Clement Street, and 1st NE Street, with the N. Main address situated on Hwy 271 Business. An on-site self-serve ice machine is also included.
The property is located across from Paris Chevrolet, placing it within an automotive-oriented commercial setting. It may be purchased as part of a package that includes two fuel distribution centers, offering an option for an operator seeking multiple fuel-related properties.
The property is located across from Paris Chevrolet, placing it within an automotive-oriented commercial setting. It may be purchased as part of a package that includes two fuel distribution centers, offering an option for an operator seeking multiple fuel-related properties.
Key Highlights
- Self‑service gas station configuration
- 0.47‑acre commercial property built in 1969
- Corner lot with frontage on N. Main, Clement Street, and 1st NE Street
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
$11,453
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
6.54%
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%
$229,060
$229.1K
Cap Rate 7%
$163,614
$163.6K
Cap Rate 9%
$127,256
$127.3K
Market Conditions
NOI Build-Up for 644 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
$16.1K $24.96/SF
− Vacancy
−$804 −$1.25/SF
EGI
$15.3K $23.71/SF
− OpEx
−$3.8K −$5.93/SF
NOI
$11.5K $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%
$229,060
Cap Rate 7%
$163,614
Cap Rate 9%
$127,256
Alternative Uses
Best Use
Specialty Retail
$163.6K
$143.2K – $190.9K
NOI $11,453 @ 7.0% cap · market cap 6.54%
Second Best
Retail
$152.7K
$133.6K – $178.2K
NOI $10,689 @ 7.0% cap · market cap 6.11%
Theoretical Best
Hotel Hospitality
$485.1K
$424.4K – $565.9K
NOI $33,955 @ 7.0% cap · market cap 19.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
83k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 75%
Shops & Services 25%
Whataburger
Dining
26,521 visits/mo
0.4 miles
SONIC Drive In
Dining
12,036 visits/mo
0.3 miles
Dollar General
Shops & Services
11,021 visits/mo
0.3 miles
Taco Casa
Dining
10,367 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
9,034 visits/mo
0.4 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Gas station - Commercially zoned corner property with access from three streets and an on-site self-serve ice machine.
Where is this gas station located?
The property is located at 1810 N Main Street Paris, TX.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Self‑service gas station configuration; 0.47‑acre commercial property built in 1969; Corner lot with frontage on N. Main, Clement Street, and 1st NE Street
