Building Details

Building Size 644 SF

Year Built 1969

Stories 1

Units 1

Listing Agency: Keller Williams Legacy Show Phone

Listed By: Chad Stephens · License #0434869 Show Phone

Source: Cogburnrealestate

Added: Oct 22 Changed: Oct 24 Last Checked: Oct 23 at 4:36PM

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Investment Insights

Based on property information with market context.

A self-serve fuel station occupies a 0.47-acre corner parcel in Paris, Texas. The property includes an on-site self-serve ice machine and was built in 1969. Commercial zoning is reported for the site.

Frontage extends along N. Main Street, Clement Street, and 1st NE Street, with N. Main identified as Hwy 271 Business. Paris Chevrolet is across from the property.

Key Highlights

• 0.47‑acre corner parcel
• Frontage on N. Main Street (Hwy 271 Business), Clement Street, and 1st NE Street
• Configured for self‑serve fuel sales

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,453

Cap Rate

6.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$229,060 $229.1K

Cap Rate 7%

$163,614 $163.6K

Cap Rate 9%

$127,256 $127.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 644 SF

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 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 (±1% cap)

NOI $11,453 @ 7.0% cap · market cap 6.54%

Second Best

Retail

$152.7K

$133.6K – $178.2K (±1% cap)

NOI $10,689 @ 7.0% cap · market cap 6.11%

Theoretical Best

Hotel Hospitality

$485.1K

$424.4K – $565.9K (±1% cap)

NOI $33,955 @ 7.0% cap · market cap 19.40%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Gas stations

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Garden Center Dental Office Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Gas station - Commercially zoned corner parcel includes a 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: 0.47‑acre corner parcel; Frontage on N. Main Street (Hwy 271 Business), Clement Street, and 1st NE Street; Configured for self‑serve fuel sales