Automobile Service Shop With
For Sale
$1,200,000
2038 N Main Street, Paris, TX 75460
COMMERCIAL - Paris, TX
Property Size3,000 SF
Lot Size0.34 Acres
Price / SF$400
Days on Market100
Property Features for 2038 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Garage, Carport, Parking Lot, Open
Subdivision
City Of Paris
Directions
From Loop 286 in Paris, take the exit for N Main Street and head south. Shop will be on the East side of N Main about a mile down the road. For further instructions please see GPS.
Standard status
Active
APN
55649
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
CITY OF PARIS, BLOCK 250, LOT N100' OF 3, 203
Tax Annual Amount
1954
Legal Description
CITY OF PARIS, BLOCK 250, LOT N100' OF 3, 203
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
storage space
Building Details
Year built
1994
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
United Country Altaterra Realt
(903) 438-2585
Listed By:
James Ross IV · License #0496806
(903) 438-2585
Added: May 20
Changed: Aug 4
Last Checked: Aug 27 at 12:06AM
MLS# 21115416
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
GT Tire Shop is for sale as an auto service shop built for ongoing tire and automotive work. The property includes a metal-sided building with a metal roof and concrete flooring, heated and cooled with central systems. Parking features include a parking lot, garage, open parking, and a carport, with public water and public sewer servicing the site.
The business equipment and inventory included in the sale list wheel balancers, compressors, and tools, along with approximately 4,000 new and used tires already in stock. The building is described as 3,000+ SF and provides storage space intended to support expansion into a full automobile service shop.
The shop is located right off N. Main and loop 286 in Paris, TX, positioning it for customers seeking tire and service needs near the main road and loop access.
The business equipment and inventory included in the sale list wheel balancers, compressors, and tools, along with approximately 4,000 new and used tires already in stock. The building is described as 3,000+ SF and provides storage space intended to support expansion into a full automobile service shop.
The shop is located right off N. Main and loop 286 in Paris, TX, positioning it for customers seeking tire and service needs near the main road and loop access.
Key Highlights
- Auto shop building with metal siding, metal roof, and concrete flooring
- Includes wheel balancers, compressors, and tools, plus approximately 4,000 new and used tires in stock
- 3,000+ SF building with storage space for expansion into full automobile service work
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
$49,795
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
4.15%
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%
$995,900
$995.9K
Cap Rate 7%
$711,357
$711.4K
Cap Rate 9%
$553,278
$553.3K
Market Conditions
NOI Build-Up for 3,000 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
$74.9K $24.96/SF
− Vacancy
−$3.7K −$1.25/SF
EGI
$71.1K $23.71/SF
− OpEx
−$21.3K −$7.11/SF
NOI
$49.8K $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%
$995,900
Cap Rate 7%
$711,357
Cap Rate 9%
$553,278
Alternative Uses
Best Use
Retail
$711.4K
$622.4K – $829.9K
NOI $49,795 @ 7.0% cap · market cap 4.15%
Second Best
Industrial
$218.8K
$191.4K – $255.2K
NOI $15,314 @ 7.0% cap · market cap 1.28%
Theoretical Best
Hotel Hospitality
$2.26M
$1.98M – $2.64M
NOI $158,175 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
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 - Auto shop with central heat and air, metal roof, concrete floors, and parking plus garage and carport.
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: Auto shop building with metal siding, metal roof, and concrete flooring; Includes wheel balancers, compressors, and tools, plus approximately 4,000 new and used tires in stock; 3,000+ SF building with storage space for expansion into full automobile service work
