Flex Space with Redevelopment
455 N Main St Paris, TX 75460
For Sale
$375,000
Flexible commercial building offers adaptable space for retail, office, or service use along a busy corridor.
Property Size1,807 SF
Price / SF$207.53
Days on Market90
Property Features for 455 N Main St
General Information
- Standard status
- Active
- Size
- 1,807 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1992
Listing Agency:
United Country Altaterra Realt
(903) 438-2585
Listed By:
James Cain · License #0797621
Source:
Signaturere
Added: Apr 25
Changed: Jul 21
Last Checked: Jul 23 at 6:18AM
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 United Country Altaterra Realt
Investment Insights
Based on property information with market context.
This flex space building at 455 N Main St, Paris, TX 75460 offers a wide range of commercial use possibilities. The existing structure is described as well-suited for retail, office, and service-based businesses, with options to reconfigure for tenant needs or consider redevelopment opportunities.
The property is positioned along a well-traveled corridor, with strong traffic visibility and convenient access for customers and clients. Public remarks also highlight excellent frontage and accessibility, supporting a variety of customer-facing and business uses.
With approximately 1,807 square feet of space, the property is structured to provide immediate functionality while maintaining flexibility for future plans.
The property is positioned along a well-traveled corridor, with strong traffic visibility and convenient access for customers and clients. Public remarks also highlight excellent frontage and accessibility, supporting a variety of customer-facing and business uses.
With approximately 1,807 square feet of space, the property is structured to provide immediate functionality while maintaining flexibility for future plans.
Key Highlights
- Commercial building built in 1992
- Flexible layout suitable for retail, office, or service‑based business uses
- Set up for adaptable use by businesses or for potential redevelopment
Financial Insights For Warehouse
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 | $14.5k | $8.04 |
| − Vacancy | −$1.4k | −$0.75 |
| EGI | $13.2k | $7.29 |
| − OpEx | −$2.0k | −$1.09 |
| NOI | $11.2k | $6.20 |
1,807 SF · lease $8.04/SF/yr · vacancy 9.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$160.0K
$140.0K – $186.7K
NOI $11,201 @ 7.0% cap · market cap 2.99%
Second Best
Industrial
$131.8K
$115.3K – $153.7K
NOI $9,224 @ 7.0% cap · market cap 2.46%
Theoretical Best
Hotel Hospitality
$1.36M
$1.19M – $1.59M
NOI $95,274 @ 7.0% cap · market cap 25.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
903 Auto Sales
Car Dealership
Smokin Good Eats
Restaurant
Similar Off Market Nearby
- TFT Catering and Event Planning — 123 Clarksville St, Paris, TX 75460
FAQs
What type of property is this?
Flex space - Flexible commercial building offers adaptable space for retail, office, or service use along a busy corridor.
Where is this flex space located?
The property is located at 455 N Main St Paris, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Commercial building built in 1992; Flexible layout suitable for retail, office, or service‑based business uses; Set up for adaptable use by businesses or for potential redevelopment
