Building Details

Year Built 1950

Listing Agency: Century 21 Harvey Properties-P

Listed By: Rusty Lowe · License #0435783 Show Phone

Source: Minteerteam

Added: Aug 3 Changed: Sep 18 Last Checked: Oct 9 at 11:56PM

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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 Century 21 Harvey Properties-P

Investment Insights

Based on property information with market context.

This 1,232-square-foot storefront property in Paris, TX, was remodeled in 2024 and is currently configured as a men's barbershop. The mostly open interior provides a flexible commercial layout, while the existing improvements support continued barbershop operations or adaptation for another business concept. The building sits on a 0.45-acre lot, providing additional outdoor area around the structure.

Shaded parking serves visitors and customers, and a wooden fence creates separation from the neighboring building. Originally built in 1950, the property combines an established commercial structure with recent updating and an adaptable interior arrangement.

Key Highlights

• 1,232‑square‑foot commercial building remodeled in 2024
• Currently operating as a men's barbershop
• Mostly open floor plan supports flexible interior configuration

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,449

Cap Rate

9.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$408,980 $409.0K

Cap Rate 7%

$292,129 $292.1K

Cap Rate 9%

$227,211 $227.2K

Market Conditions

NOI Build-Up for 1,232 SF

Gross rent

$30.8K $24.96/SF

− Vacancy

−$1.5K −$1.25/SF

EGI

$29.2K $23.71/SF

− OpEx

−$8.8K −$7.11/SF

NOI

$20.4K $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 Rate 5%

$408,980

Cap Rate 7%

$292,129

Cap Rate 9%

$227,211

Alternative Uses

Best Use

Retail

$292.1K

$255.6K – $340.8K (±1% cap)

NOI $20,449 @ 7.0% cap · market cap 9.09%

Second Best

—

—

no second resolved use

Theoretical Best

Hotel Hospitality

$928.0K

$812.0K – $1.08M (±1% cap)

NOI $64,957 @ 7.0% cap · market cap 28.87%

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

Property Analytics

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Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Dental Office HVAC Service Auto Parts Store Electrical Service Furniture & Home Goods

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

246

Businesses Nearby

8k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 58% Shops & Services 27% Home Improvements & Furnishings 15%

Tokyo Express Dining

4,459 visits/mo 0.3 miles

Shell Shops & Services

2,041 visits/mo 0.3 miles

Sherwin-Williams Paint Store Home Improvements & Furnishings

1,176 visits/mo 0.1 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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties 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?

Storefront property - Updated commercial space with an open interior, shaded parking, and a fenced separation from the neighboring building.

Where is this storefront property located?

The property is located at 3015 Clarksville St Paris, TX.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: 1,232‑square‑foot commercial building remodeled in 2024; Currently operating as a men's barbershop; Mostly open floor plan supports flexible interior configuration