Flex Space With Ground
For Sale
$3,650,000
3790 Lamar Avenue, Paris, TX 75462
CommercialSale, Paris, TX
Property Size69,000 SF
Lot Size8.19 Acres
Price / SF$52.90
Days on Market140
Property Features for 3790 Lamar Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
City Of Paris
Lot features
Acreage
Directions
Lamar Ave E through overpass, R on Private Dr.
Standard status
Active
APN
21145
Lot size
8.19 Acres
Taxes and HOA fees
Tax Description
CITY OF PARIS, BLOCK 313, LOT PT 3 & PT 4, 37
Tax Annual Amount
20728
Legal Description
CITY OF PARIS, BLOCK 313, LOT PT 3 & PT 4, 37
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Floors in Building
1
Number of units
1
Flooring type
Vinyl, Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Glass Land and Home LLC
(903) 785-8457
Listed By:
Bryan Glass · License #0614699
(903) 517-5889
Added: May 28
Changed: Sep 15
Last Checked: Oct 14 at 1:06AM
MLS# 21198211
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 flex property combines two updated office suites with multiple private offices, a conference room, reception areas, kitchen and break-room facilities, and multiple bathrooms. The warehouse component can support multi-tenant occupancy or a principal-user operation, with ground-level loading and an additional ramp entrance. Building improvements include new metal siding, interior and exterior painting, fire compression and sprinkler work, and a new concrete driveway and approach. Concrete and vinyl flooring are installed throughout the property, with central electric heating and cooling, public water, and public sewer.
The property encompasses 8.188 acres at 3790 Lamar Avenue in Paris, Texas, near Loop 286 and Highway 82 East. Its corridor setting provides access toward DFW and Southeast Oklahoma through four-lane traffic routes. Walgreens, CVS, Walmart, Paris Town Center, and Shops of Paris are identified among the surrounding businesses. Additional land supports yard space, additions, or future development, subject to applicable approvals.
The property encompasses 8.188 acres at 3790 Lamar Avenue in Paris, Texas, near Loop 286 and Highway 82 East. Its corridor setting provides access toward DFW and Southeast Oklahoma through four-lane traffic routes. Walgreens, CVS, Walmart, Paris Town Center, and Shops of Paris are identified among the surrounding businesses. Additional land supports yard space, additions, or future development, subject to applicable approvals.
Key Highlights
- 69,000 SF commercial facility on 8.188 acres
- Two updated office suites with private offices, conference room, reception areas, kitchen, break room, and multiple bathrooms
- Warehouse layout supports multi‑tenant occupancy or principal‑user operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$327,059
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,541,180
$6.5M
Cap Rate 7%
$4,672,271
$4.7M
Cap Rate 9%
$3,633,989
$3.6M
Market Conditions
NOI Build-Up for 69,000 SF
Gross rent
$554.8K $8.04/SF
− Vacancy
−$51.6K −$0.75/SF
EGI
$503.2K $7.29/SF
− OpEx
−$176.1K −$2.55/SF
NOI
$327.1K $4.74/SF
Area
Lamar County, TX
Vacancy
9.30%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,541,180
Cap Rate 7%
$4,672,271
Cap Rate 9%
$3,633,989
Alternative Uses
Best Use
Office B
$17.03M
$14.90M – $19.87M
NOI $1,192,320 @ 7.0% cap · market cap 32.67%
Second Best
Warehouse
$6.11M
$5.35M – $7.13M
NOI $427,692 @ 7.0% cap · market cap 11.72%
Theoretical Best
Hotel Hospitality
$51.97M
$45.48M – $60.63M
NOI $3,638,025 @ 7.0% cap · market cap 99.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Office units
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75462, TX
12,016
Population
4,717
Households
2.5
Avg Household Size
43
Median Age
29%
College-Educated
90%
High-School Grad
192.7 sq mi
ZIP Area
62
Density / Sq Mi
$72,576
Median Household Income
$41,284
Median Earnings
$961
Median Rent
$226,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- All Smoke, No Mirrors Barbecue — 4750 Pine Mill Rd, Paris, TX 75462
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial facility combining updated offices with warehouse areas for multi-tenant or owner-user operations.
Where is this flex space located?
The property is located at 3790 Lamar Avenue Paris, TX.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: 69,000 SF commercial facility on 8.188 acres; Two updated office suites with private offices, conference room, reception areas, kitchen, break room, and multiple bathrooms; Warehouse layout supports multi‑tenant occupancy or principal‑user operations
