Building Details

Year Built 1974

Buildings 1

Listing Agency: Lonestar Realty

Listed By: Peggy Finney · License #0440072 Show Phone

Source: Minteerteam

Added: Aug 3 Changed: Oct 6 Last Checked: Oct 7 at 3:56PM

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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 3,600-square-foot flex property in Paris, TX, was built in 1974 and sits on almost an acre. The shop measures 95 X 40 and includes three overhead doors, two side doors, and a main front entrance. Interior features include a loft area and a separate restroom serving the shop. An office connects to a one-bedroom apartment with one full bathroom and shower.

Three AC units serve the property, with two allocated to the shop and one covering the office and apartment. The site offers parking and quick access to the Loop from 1865 N Main, providing a practical setup for a business requiring shop, office, and residential components.

Key Highlights

• 3,600‑square‑foot flex property on almost an acre
• 95 X 40 shop with 3 overhead doors and 2 side doors
• Office connects to a one‑bedroom apartment with 1 full bathroom and shower

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,314

Cap Rate

8.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$446,280 $446.3K

Cap Rate 7%

$318,771 $318.8K

Cap Rate 9%

$247,933 $247.9K

Market Conditions

NOI Build-Up for 3,600 SF

Gross rent

$28.9K $8.04/SF

− Vacancy

−$2.7K −$0.75/SF

EGI

$26.3K $7.29/SF

− OpEx

−$3.9K −$1.09/SF

NOI

$22.3K $6.20/SF

Area

Lamar County, TX

Vacancy

9.30%

Lease Rate

$8.04 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$446,280

Cap Rate 7%

$318,771

Cap Rate 9%

$247,933

Alternative Uses

Best Use

Warehouse

$318.8K

$278.9K – $371.9K (±1% cap)

NOI $22,314 @ 7.0% cap · market cap 8.75%

Second Best

Industrial

$262.5K

$229.7K – $306.3K (±1% cap)

NOI $18,377 @ 7.0% cap · market cap 7.21%

Theoretical Best

Hotel Hospitality

$2.71M

$2.37M – $3.16M (±1% cap)

NOI $189,810 @ 7.0% cap · market cap 74.44%

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

Property Analytics

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Current Use

Engine Doc Machine ... Industrial Manufacturer

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.

Location Intelligence

Trade Area within ½ mile

271

Businesses Nearby

Well-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

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Office, loft, apartment, restroom, and multiple doors support a flexible commercial layout.

Where is this flex space located?

The property is located at 1865 N Main Paris, TX.

What is the asking price?

The asking price for this property is $255,000.

What are key features of this property?

This property features: 3,600‑square‑foot flex property on almost an acre; 95 X 40 shop with 3 overhead doors and 2 side doors; Office connects to a one‑bedroom apartment with 1 full bathroom and shower