Remodeled Commercial Property on Clarksville
For Sale
$265,000
3015 Clarksville Street, Paris, TX 75460
Remodeled commercial property with open floor plan and shaded parking.
Property Size1,232 SF
Lot Size0.45 Acres
Price / SF$215.10
Days on Market111
Property Features for 3015 Clarksville Street
General Information
Standard status
Active
Size
1,232 SF
Lot size
0.45 Acres
Property subtype
Commercial
Zoning
COM
Building Details
Building Size
1,232 SF
Year Built
1950
Stories
1
Units
1
Listing Agency:
Century 21 Harvey Properties-P
(903) 785-8484
Listed By:
Rusty Lowe · License #0435783
(903) 782-4010
Source:
Signaturere
Added: Apr 22
Changed: Aug 7
Last Checked: Aug 10 at 11:53AM
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 commercial property, updated in 2024, is currently operating as a men's barbershop. The building features a mostly open floor plan that allows for customization to suit a range of commercial uses, such as boutique retail, cafes, professional offices, or wellness studios. The property includes shaded parking for guests and clientele. A wooden fence provides privacy, separating the property from the neighboring building. Situated on a 0.45-acre lot, the space offers room to grow or expand. This property is located on Clarksville Street in Paris, TX.
Key Highlights
- Remodeled in 2024, offering a modern and updated space.
- Versatile 1,232‑square‑foot open floor plan suitable for various commercial uses.
- Shaded parking for customer convenience.
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
$20,449
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
7.72%
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%
$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
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
$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 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%
$408,980
Cap Rate 7%
$292,129
Cap Rate 9%
$227,211
Alternative Uses
Best Use
Retail
$292.1K
$255.6K – $340.8K
NOI $20,449 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$928.0K
$812.0K – $1.08M
NOI $64,957 @ 7.0% cap · market cap 24.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
3k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Home Improvements & Furnishings 37%
Shell
Shops & Services
2,041 visits/mo
0.5 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Remodeled commercial property with open floor plan and shaded parking.
Where is this storefront property located?
The property is located at 3015 Clarksville Street Paris, TX.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Remodeled in 2024, offering a modern and updated space.; Versatile 1,232‑square‑foot open floor plan suitable for various commercial uses.; Shaded parking for customer convenience.
