Building Details

Year Built 1940

Year Renovated 2020

Buildings 1

Stories 1

Units 1

Listing Agency: Janet Martin Realty.

Listed By: Janet Martin · License #0479952 Show Phone

Source: Crexi

Added: Feb 16 Changed: Aug 26 Last Checked: Aug 14 at 7:24AM

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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 Janet Martin Realty.

Investment Insights

Based on property information with market context.

This updated 8,077 square foot building is situated on over 2 acres. The property is located near the intersection of Highway 271 and Loop 286, which sees an average of over 13,000 vehicles daily. The property is zoned light commercial (L1), allowing for many different uses. The building features high ceilings and an updated HVAC system that was replaced in 2020. Electrical systems were also updated in 2020 to meet local and state codes. Natural gas, sewer, and water are connected. The property offers ample parking in front of the building, plus over 1 acre of additional parking. The large lot is graveled and fenced, with a gate at the front. The location on Main Street offers opportunities for retail, office, warehouse, or investment purposes. The property provides room for parking, equipment, trucks, and storage, with additional space for businesses to increase revenue.

Key Highlights

• High‑traffic location near Hwy 271 & Loop 286 with 13,000+ daily vehicles
• Large 8077 sq ft updated building on over 2 acres**
• Ample parking, including over 1 acre of additional parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,230

Cap Rate

6.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$824,600 $824.6K

Cap Rate 7%

$589,000 $589.0K

Cap Rate 9%

$458,111 $458.1K

Market Conditions

NOI Build-Up for 8,077 SF

Gross rent

$64.9K $8.04/SF

− Vacancy

−$6.0K −$0.75/SF

EGI

$58.9K $7.29/SF

− OpEx

−$17.7K −$2.19/SF

NOI

$41.2K $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%

$824,600

Cap Rate 7%

$589,000

Cap Rate 9%

$458,111

Alternative Uses

Best Use

Industrial

$589.0K

$515.4K – $687.2K (±1% cap)

NOI $41,230 @ 7.0% cap · market cap 6.35%

Second Best

Flex RnD

$546.9K

$478.6K – $638.1K (±1% cap)

NOI $38,285 @ 7.0% cap · market cap 5.90%

Theoretical Best

Hotel Hospitality

$6.08M

$5.32M – $7.10M (±1% cap)

NOI $425,860 @ 7.0% cap · market cap 65.62%

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

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Law Firm Electrical Service Dental Office HVAC Service Parking Lot & Garage 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

343

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 - 8,077 SF updated building on over 2 acres.

Where is this flex space located?

The property is located at 2301 N Main St. Paris, TX.

What is the asking price?

The asking price for this property is $649,000.

What are key features of this property?

This property features: High‑traffic location near Hwy 271 & Loop 286 with 13,000+ daily vehicles; Large 8077 sq ft updated building on over 2 acres**; Ample parking, including over 1 acre of additional parking