Industrial Property with Covered
2620 Farm Road 79 Paris, TX 75460
For Sale
$875,000
Light industrial, storage, and office space on 4+ acres.
Property Size15,040 SF
Lot Size4.00 Acres
Price / SF$58.18
Days on Market97
Property Features for 2620 Farm Road 79
General Information
- Standard status
- Active
- Size
- 15,040 SF
- Lot size
- 4.00 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1982
Listing Agency:
Glass Land and Home LLC
(903) 785-8457
Listed By:
Bryan Glass · License #0614699
(903) 517-5889
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 17 at 10:26AM
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 Glass Land and Home LLC
Investment Insights
Based on property information with market context.
This property features over 15,000 sq ft of light industrial, storage, and office space situated on more than 4 acres. Located northwest of Paris, TX, along a major travel corridor, the property includes three buildings and a 6,000 sq ft steel clear-span covered storage area. The buildings feature 20ft side walls and 220 wiring. The shop area includes a 3-ton crane spanning 50 ft in width, along with a loading dock. Offices, bathrooms, and meeting spaces are located throughout the buildings. Two of the buildings are currently income-producing, while others have been owner-occupied for decades. The property is located in close proximity to trailer manufacturers, Campbell Soup, American Spiral Weld, Potters, Former J Skinner Bakery, and Body Guard Bumpers MFG. It is located 1.5 hours northeast of DFW, 1 hour east of Interstate 75, and 1 hour west of Interstate 30. The property is suitable for business expansion.
Key Highlights
- 15,000+ sq ft of light industrial, storage, and office space on 4+ acres.
- Income‑producing potential with two buildings currently leased.
- Strategic location NW of Paris, TX on a major travel corridor, close to major manufacturers.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.9k | $8.04 |
| − Vacancy | −$11.2k | −$0.75 |
| EGI | $109.7k | $7.29 |
| − OpEx | −$32.9k | −$2.19 |
| NOI | $76.8k | $5.10 |
15,040 SF · lease $8.04/SF/yr · vacancy 9.30% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$1.33M
$1.17M – $1.55M
NOI $93,225 @ 7.0% cap · market cap 10.65%
Second Best
Industrial
$1.10M
$959.7K – $1.28M
NOI $76,773 @ 7.0% cap · market cap 8.77%
Theoretical Best
Hotel Hospitality
$11.33M
$9.91M – $13.22M
NOI $792,984 @ 7.0% cap · market cap 90.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Light industrial, storage, and office space on 4+ acres.
Where is this flex space located?
The property is located at 2620 Farm Road 79 Paris, TX.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 15,000+ sq ft of light industrial, storage, and office space on 4+ acres.; Income‑producing potential with two buildings currently leased.; Strategic location NW of Paris, TX on a major travel corridor, close to major manufacturers.
