Building Details

Year Built 1992

Listing Agency: United Country Altaterra Realt

Listed By: James Cain · License #0797621 Show Phone

Source: Dfwareahousehunt

Added: Nov 13, 2025 Changed: Oct 1 Last Checked: Oct 20 at 9:26PM

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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 United Country Altaterra Realt

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Investment Insights

Based on property information with market context.

This 1,807-square-foot commercial property includes an existing structure built in 1992. The building is identified as suitable for automotive service, retail, office, and other service-based commercial uses, with redevelopment also described as an option.

Located at 455 N Main St in Paris, Texas, the property is positioned along a commercial corridor with access and frontage noted in the property information. Its configuration provides a starting point for an owner-user, business relocation, expansion, or redevelopment plan.

Key Highlights

• 1,807‑square‑foot existing commercial structure
• Built in 1992
• Suitable for automotive service, retail, office, and service‑based uses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,993

Cap Rate

8.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$599,860 $599.9K

Cap Rate 7%

$428,471 $428.5K

Cap Rate 9%

$333,256 $333.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,807 SF

Gross rent

$45.1K $24.96/SF

− Vacancy

−$2.3K −$1.25/SF

EGI

$42.8K $23.71/SF

− OpEx

−$12.9K −$7.11/SF

NOI

$30.0K $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%

$599,860

Cap Rate 7%

$428,471

Cap Rate 9%

$333,256

Alternative Uses

Best Use

Retail

$428.5K

$374.9K – $499.9K (±1% cap)

NOI $29,993 @ 7.0% cap · market cap 8.00%

Second Best

Industrial

$131.8K

$115.3K – $153.7K (±1% cap)

NOI $9,224 @ 7.0% cap · market cap 2.46%

Theoretical Best

Hotel Hospitality

$1.36M

$1.19M – $1.59M (±1% cap)

NOI $95,274 @ 7.0% cap · market cap 25.41%

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

Property Analytics

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Current Use

903 Auto Sales Car Dealership Smokin Good Eats Restaurant

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Kitchen & Bath Showroom Garden Center Skin Care Clinic

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

839

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

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

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Similar Off Market Nearby

• Wild Design Performance — 1010 W Austin St, Paris, TX 75460
• J&J Used Tires — 4th St NW, Paris, TX 75460
• Novus Glass — Paris, TX 75460
• Ron's Automotive — 450 E Kaufman St, Paris, TX 75460
• Porcayo Automotive — 354 Graham St, Paris, TX 75460

Frequently Asked Questions

What type of property is this?

Auto shop - Existing commercial space supports automotive service, retail, office, or other service-oriented business uses.

Where is this auto shop 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: 1,807‑square‑foot existing commercial structure; Built in 1992; Suitable for automotive service, retail, office, and service‑based uses