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    Light Commercial Flex Building Title is generated by Realmo AI

    2301 N Main Street, Paris, TX 75460

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    For Sale
    $649,000

    COMMERCIAL - Paris, TX

    Property size:
    8,077 SF
    Lot size:
    2.03 Acres
    Price / SF:
    $80/SF
    Added:
    Apr 16, 2026
    Days on Market:
    49
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for 2301 N Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot, Gated, Oversize
    Standard status
    Active
    APN
    55672
    Lot size
    2.03 Acres

    Taxes and HOA fees

    Tax Description
    CITY OF PARIS, BLOCK 251, LOT 25, 2301 N MAIN
    Tax Annual Amount
    5855

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1940
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Concrete
    Building materials
    Block, MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Tom Hendricks

    Listing agent Tom Hendricks License #0721107

    Listing office Janet Martin Realty Sulphur Springs, TX

    Listing date Apr 16, 2026

    MLS# 21160065

    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.

    HighLights

    • Over 2‑acre light commercial property (L1) with an updated 8,077 SF building
    • Convenient access near the busy intersection of Hwy 271 & Loop 286 (avg. over 13,000 vehicles daily)
    • Large on‑site parking with oversize spaces, a gated entry, and parking lot surface plus additional parking options
    • HVAC system fully updated in 2020; electrical updated in 2020 to local and state code
    • Utilities connected: natural gas, public water, and public sewer
    • Metal roof; construction includes block and metal siding; concrete and carpet flooring

    Overview

    This updated flex building offers a large, open interior with high ceilings designed to support a range of operational needs. The property sits on over two acres, with a graveled and fenced yard and a gated front entry that can accommodate parking, equipment, trucks, storage, or additional business space for income opportunities. Key systems were improved in 2020, including a fully updated HVAC system and electrical updates to local and state code. Natural gas, sewer, and water are connected, supporting an immediately usable setup for many operators.

    The site is positioned near the busy intersection of Hwy 271 and Loop 286, where average traffic exceeds 13,000 vehicles daily. Ample front-of-building parking is available, along with more than 1 acre of additional parking or room to expand building use depending on the tenant’s needs. Zoned light commercial (L1), the property is intended to accommodate multiple business types.

    With its combination of open space, updated building systems, and flexible yard and parking capacity, this offering can suit retail, office, warehouse, or investment objectives where visibility, access, and room for equipment and vehicles matter. Sellers are open to considering all offers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Law Firm Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paris
    County
    Lamar
    State
    Texas
    Longitude
    -95.5547576
    Latitude
    33.6830264

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    FAQs

    What type of property is this?
    Flex space - Updated flex building on over two acres with ample parking, high ceilings, and light commercial zoning for varied business uses.
    Where is this flex space located?
    The property is located at 2301 N Main Street 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: Over 2‑acre light commercial property (L1) with an updated 8,077 SF building; Convenient access near the busy intersection of Hwy 271 & Loop 286 (avg. over 13,000 vehicles daily); Large on‑site parking with oversize spaces, a gated entry, and parking lot surface plus additional parking options
    (903) 885-1234
    We can help!
    Listing Contact
    Tom Hendricks
    Real Estate License ID: 0721107
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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