Commercial Building with
1865 N Main Paris, TX 75460
For Sale
$279,900
Commercial building with shop, office, and one-bedroom apartment.
Property Size3,600 SF
Lot Size0.98 Acres
Price / SF$77.75
Days on Market94
Property Features for 1865 N Main
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 0.98 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1974
Listing Agency:
Lonestar Realty
(903) 785-1333
Listed By:
Peggy Finney · License #0440072
(903) 782-6370
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 23 at 6:00AM
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 Lonestar Realty
Investment Insights
Based on property information with market context.
This highly visible commercial building is situated on almost an acre in a location with quick access to the Loop. The shop measures 95 x 40 and features three overhead doors, two side doors, and a main front entrance. It also includes a loft area and a separate shop restroom. The office area connects to a one-bedroom apartment with one full bathroom and shower. The property is equipped with three AC units, two for the shop area and one for the office and apartment. The property offers space and parking suitable for a variety of business opportunities.
Key Highlights
- Excellent location with quick access to the Loop.
- Large shop (95 X 40) with 3 overhead doors.
- One‑bedroom apartment included.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.9k | $8.04 |
| − Vacancy | −$2.7k | −$0.75 |
| EGI | $26.3k | $7.29 |
| − OpEx | −$7.9k | −$2.19 |
| NOI | $18.4k | $5.10 |
3,600 SF · lease $8.04/SF/yr · vacancy 9.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$853.6K
$746.9K – $995.9K
NOI $59,754 @ 7.0% cap · market cap 21.35%
Second Best
Industrial
$262.5K
$229.7K – $306.3K
NOI $18,377 @ 7.0% cap · market cap 6.57%
Theoretical Best
Hotel Hospitality
$2.71M
$2.37M – $3.16M
NOI $189,810 @ 7.0% cap · market cap 67.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Engine Doc Machine ...
Industrial Manufacturer
Similar Off Market Nearby
- Mike's Custom Paint & Body — 1310 N Main St, Paris, TX 75460
- robert's wrecker – towing service located in paris tx — 1303 N Main St, Paris, TX 75460
- Millers Oilube — 927 N Main St, Paris, TX 75460
- Tri State Auto Glass — 1011 N Main St, Paris, TX 75460
- Pat Bright Transmission Repair — 912 N Main St, Paris, TX 75460
FAQs
What type of property is this?
Auto shop - Commercial building with shop, office, and one-bedroom apartment.
Where is this auto shop located?
The property is located at 1865 N Main Paris, TX.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Excellent location with quick access to the Loop.; Large shop (95 X 40) with **3 overhead doors**.; One‑bedroom apartment included.
