Automotive Shop with
For Sale
$1,200,000
2038 N Main Street, Paris, TX 75460
Commercial-zoned facility includes service equipment, storage, and on-site tire inventory.
Property Size3,910 SF
Days on Market8
Property Features for 2038 N Main Street
General Information
Standard status
Active
Size
3,910 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Business Included
Yes
Building Details
Building Size
3,910 SF
Year Built
1994
Buildings
1
Units
1
Listing Agency:
United Country Altaterra Realt
(903) 272-4859
Listed By:
James Ross IV · License #0496806
(903) 272-4859
Source:
Vickiesteam
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 26 at 9:14AM
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 United Country Altaterra Realt
Investment Insights
Based on property information with market context.
This automotive property includes a building measuring 3,000+ square feet, with storage space and equipment used in tire service operations. Included equipment consists of wheel balancers, compressors, and tools, along with approximately 4,000 new and used tires. The offering also includes the existing tire-service business and its inventory.
The property is located at 2038 N Main Street in Paris, Texas, near Loop 286. Commercial zoning supports the current automotive use. Built in 1994, the facility provides a physical base for tire sales and service operations, with storage capacity within the building.
The property is located at 2038 N Main Street in Paris, Texas, near Loop 286. Commercial zoning supports the current automotive use. Built in 1994, the facility provides a physical base for tire sales and service operations, with storage capacity within the building.
Key Highlights
- 3,000+ square foot automotive building
- Approximately 4,000 new and used tires included
- Wheel balancers, compressors, and tools convey with the property
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
$64,900
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
5.41%
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%
$1,298,000
$1.3M
Cap Rate 7%
$927,143
$927.1K
Cap Rate 9%
$721,111
$721.1K
Market Conditions
NOI Build-Up for 3,910 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
$97.6K $24.96/SF
− Vacancy
−$4.9K −$1.25/SF
EGI
$92.7K $23.71/SF
− OpEx
−$27.8K −$7.11/SF
NOI
$64.9K $16.60/SF
Area
Lamar County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,298,000
Cap Rate 7%
$927,143
Cap Rate 9%
$721,111
Alternative Uses
Best Use
Retail
$927.1K
$811.3K – $1.08M
NOI $64,900 @ 7.0% cap · market cap 5.41%
Second Best
Industrial
$285.1K
$249.5K – $332.7K
NOI $19,959 @ 7.0% cap · market cap 1.66%
Theoretical Best
Hotel Hospitality
$2.95M
$2.58M – $3.44M
NOI $206,155 @ 7.0% cap · market cap 17.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
101k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 30%
Hotels & Casinos 2%
Electronics 1%
Whataburger
Dining
26,521 visits/mo
0.2 miles
SONIC Drive In
Dining
12,036 visits/mo
0.1 miles
Dollar General
Shops & Services
11,021 visits/mo
0.1 miles
Taco Casa
Dining
10,367 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
9,034 visits/mo
0.2 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.
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Frequently Asked Questions
What type of property is this?
Auto shop - Commercial-zoned facility includes service equipment, storage, and on-site tire inventory.
Where is this auto shop located?
The property is located at 2038 N Main Street Paris, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3,000+ square foot automotive building; Approximately 4,000 new and used tires included; Wheel balancers, compressors, and tools convey with the property
