Fenced Flex Space
New
For Sale
$1,450,000
2460 Farm Road 79, Paris, TX 75460
CommercialSale, Paris, TX
Property Size8,000 SF
Lot Size3.58 Acres
Price / SF$181.25
Days on Market3
Property Features for 2460 Farm Road 79
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Driveway
Subdivision
City Of Paris
Lot features
Acreage, Cleared, Flat
Directions
NW Loop 286, exit FM 79 or 19th NW, head West property on the Right. SIY
Standard status
Active
APN
103465
Lot size
3.58 Acres
Taxes and HOA fees
Tax Description
CITY OF PARIS, BLOCK 323, LOT 10, FM 79, ACRE
Tax Annual Amount
3037
Legal Description
CITY OF PARIS, BLOCK 323, LOT 10, FM 79, ACRE
Utilities
Sewer type
Septic Tank, Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Wall Unit(s), Electric
Water source
Public
Building Details
Year built
1988
Floors in Building
1
Number of units
1
Flooring type
Concrete, Carpet, Linoleum
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Keller Williams Legacy · Keller Williams Realty
(972) 599-7000
Listed By:
Chad Stephens · License #0434869
(903) 905-1640
Added: Sep 16
Last Checked: Sep 18 at 6:06AM
MLS# 21386990
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.
This 8,000-square-foot metal flex facility sits on 3.58 acres and includes office, bathroom, parts, workroom, loft, and shop areas. The building contains approximately 1,600 square feet of office and support space, an additional 1,600-square-foot upstairs loft, and a 6,400-square-foot shop. Four overhead doors with automatic openers, two personnel entrances, LED lighting, gas heaters, air lines, and predominantly insulated construction support a range of commercial operations.
A six-foot chain-link fence encloses the rear yard for outdoor storage and equipment use. Concrete drives reach the shop, while aggregate parking accommodates customers, inventory, equipment, and vehicles. Public water service and electric and central heating and cooling are in place. Built in 1988, the property is offered with an operating equipment rental and sales business, inventory, tools, and FF&E. Zoning, permitted uses, licensing, and city requirements should be independently verified.
A six-foot chain-link fence encloses the rear yard for outdoor storage and equipment use. Concrete drives reach the shop, while aggregate parking accommodates customers, inventory, equipment, and vehicles. Public water service and electric and central heating and cooling are in place. Built in 1988, the property is offered with an operating equipment rental and sales business, inventory, tools, and FF&E. Zoning, permitted uses, licensing, and city requirements should be independently verified.
Key Highlights
- 3.58‑acre site with an approximately 8,000 SF metal building
- Approximately 6,400 SF shop with four overhead doors and automatic openers
- Approximately 1,600 SF of offices, bathrooms, parts department, and workroom
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
$49,588
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
3.42%
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%
$991,760
$991.8K
Cap Rate 7%
$708,400
$708.4K
Cap Rate 9%
$550,978
$551.0K
Market Conditions
NOI Build-Up for 8,000 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
$64.3K $8.04/SF
− Vacancy
−$6.0K −$0.75/SF
EGI
$58.3K $7.29/SF
− OpEx
−$8.8K −$1.09/SF
NOI
$49.6K $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 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%
$991,760
Cap Rate 7%
$708,400
Cap Rate 9%
$550,978
Alternative Uses
Best Use
Warehouse
$708.4K
$619.9K – $826.5K
NOI $49,588 @ 7.0% cap · market cap 3.42%
Second Best
Industrial
$583.4K
$510.5K – $680.6K
NOI $40,837 @ 7.0% cap · market cap 2.82%
Theoretical Best
Hotel Hospitality
$6.03M
$5.27M – $7.03M
NOI $421,800 @ 7.0% cap · market cap 29.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
74
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Metal flex facility with offices, shop space, and secure outdoor storage.
Where is this flex space located?
The property is located at 2460 Farm Road 79 Paris, TX.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 3.58‑acre site with an approximately 8,000 SF metal building; Approximately 6,400 SF shop with four overhead doors and automatic openers; Approximately 1,600 SF of offices, bathrooms, parts department, and workroom
