Fenced Flex Property with Retail
For Sale
$275,000
4037 N Main St, Paris, TX 75460
Fenced commercial property combines customer-facing space with enclosed operational and storage areas.
Property Size3,350 SF
Price / SF$82.09
Days on Market77
Property Features for 4037 N Main St
General Information
Standard status
Active
Size
3,350 SF
Site & Location
Traffic Count
24,000 vehicles/day
Road Access
Yes
Fenced Yard
Yes
Additional Details
Warehouse Space
1,200 SF
Building Details
Year Built
1993
Listing Agency:
Independent Realty
Listed By:
Naor Biringer · License #0795192
(214) 551-6282
Source:
Heritance
Added: Aug 10
Changed: Oct 2
Last Checked: Oct 7 at 12:55PM
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 Independent Realty
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Investment Insights
Based on property information with market context.
This 3,350 SF flex property, built in 1993, combines retail, shop, and warehouse components within a fully fenced setting. The approximately 1,500 SF retail area includes a covered patio, while a separate 650 SF insulated shop supports operational use. A 1,200 SF warehouse adds tall ceilings and roll-up doors for storage or light industrial activity. A newly installed aerobic septic system serves the property.
Located at 4037 Main Street in Paris, the property fronts a roadway carrying over 24,000 average daily traffic. The red barn at the rear is excluded from the offering and total square footage, and the nearby storage facility is not part of the sale. Buyers should verify zoning, permitted uses, and other property details.
Located at 4037 Main Street in Paris, the property fronts a roadway carrying over 24,000 average daily traffic. The red barn at the rear is excluded from the offering and total square footage, and the nearby storage facility is not part of the sale. Buyers should verify zoning, permitted uses, and other property details.
Key Highlights
- 3,350 SF flex property with retail, shop, and warehouse components
- Approximately 1,500 SF of retail space with a covered patio
- 650 SF insulated shop and 1,200 SF warehouse with tall ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,765
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,300
$415.3K
Cap Rate 7%
$296,643
$296.6K
Cap Rate 9%
$230,722
$230.7K
Market Conditions
NOI Build-Up for 3,350 SF
Gross rent
$26.9K $8.04/SF
− Vacancy
−$2.5K −$0.75/SF
EGI
$24.4K $7.29/SF
− OpEx
−$3.7K −$1.09/SF
NOI
$20.8K $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 Rate 5%
$415,300
Cap Rate 7%
$296,643
Cap Rate 9%
$230,722
Alternative Uses
Best Use
Retail
$794.4K
$695.1K – $926.8K
NOI $55,605 @ 7.0% cap · market cap 20.22%
Second Best
Warehouse
$296.6K
$259.6K – $346.1K
NOI $20,765 @ 7.0% cap · market cap 7.55%
Theoretical Best
Hotel Hospitality
$2.52M
$2.21M – $2.94M
NOI $176,629 @ 7.0% cap · market cap 64.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
24,000 VPD
Traffic count
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
24
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Fenced commercial property combines customer-facing space with enclosed operational and storage areas.
Where is this flex space located?
The property is located at 4037 N Main St Paris, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 3,350 SF flex property with retail, shop, and warehouse components; Approximately 1,500 SF of retail space with a covered patio; 650 SF insulated shop and 1,200 SF warehouse with tall ceilings
