Corner Flex Space with
For Sale
$649,900
1828 Bonham St, Paris, TX 75460
Versatile floor plan includes offices, meeting rooms, storage, kitchen-break space, and multiple entrances.
Property Size8,000 SF
Price / SF$81.24
Days on Market73
Property Features for 1828 Bonham St
General Information
Standard status
Active
Size
8,000 SF
Amenities
reception areas
private offices
meeting or training rooms
open showroom areas
storage space
fully equipped kitchen-break room
Building Details
Year Built
2002
Construction
brick and metal
Listing Agency:
Hygge Homes and Land
Listed By:
Meagen Smith · License #0679901
(903) 609-2050
Source:
Minteerteam
Added: Aug 3
Changed: Oct 5
Last Checked: Oct 7 at 5:21PM
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 Hygge Homes and Land
Investment Insights
Based on property information with market context.
Built in 2002, this 8,000-square-foot flex property combines broad open areas with a range of supporting rooms. The interior includes reception areas, private offices, meeting or training rooms, showroom space, storage, and a kitchen-break area. Large storefront windows bring natural light into the building, while multiple entrances support flexible circulation. Updated flooring covers much of the interior, complemented by modern lighting and a brick exterior with metal façade.
The property occupies a prominent corner along Bonham Street in Paris, steps from the Paris water tower. Its position along a heavily traveled corridor provides strong street exposure, with convenient access to downtown, nearby businesses, restaurants, and retail. Ample paved parking and easy customer access further support a range of commercial configurations, including retail, office, event, fitness, medical, educational, showroom, or mixed-use operations.
The property occupies a prominent corner along Bonham Street in Paris, steps from the Paris water tower. Its position along a heavily traveled corridor provides strong street exposure, with convenient access to downtown, nearby businesses, restaurants, and retail. Ample paved parking and easy customer access further support a range of commercial configurations, including retail, office, event, fitness, medical, educational, showroom, or mixed-use operations.
Key Highlights
- 8,000‑square‑foot flex property built in 2002
- Prominent corner position along Bonham Street in Paris
- Large storefront windows and multiple entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,837
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,740
$816.7K
Cap Rate 7%
$583,386
$583.4K
Cap Rate 9%
$453,744
$453.7K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$64.3K $8.04/SF
− Vacancy
−$6.0K −$0.75/SF
EGI
$58.3K $7.29/SF
− OpEx
−$17.5K −$2.19/SF
NOI
$40.8K $5.10/SF
Area
Lamar County, TX
Vacancy
9.30%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,740
Cap Rate 7%
$583,386
Cap Rate 9%
$453,744
Alternative Uses
Best Use
Office B
$1.97M
$1.73M – $2.30M
NOI $138,240 @ 7.0% cap · market cap 21.27%
Second Best
Retail
$1.90M
$1.66M – $2.21M
NOI $132,787 @ 7.0% cap · market cap 20.43%
Theoretical Best
Hotel Hospitality
$6.03M
$5.27M – $7.03M
NOI $421,800 @ 7.0% cap · market cap 64.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile floor plan includes offices, meeting rooms, storage, kitchen-break space, and multiple entrances.
Where is this flex space located?
The property is located at 1828 Bonham St Paris, TX.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 8,000‑square‑foot flex property built in 2002; Prominent corner position along Bonham Street in Paris; Large storefront windows and multiple entrances
