Auto Shop
For Sale
$375,000
455 N Main St, Paris, TX 75460
Existing commercial space supports automotive service, retail, office, or other service-oriented business uses.
Property Size1,807 SF
Price / SF$207.53
Days on Market273
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
Listed By:
James Cain · License #0797621
(903) 438-2585
Source:
Dfwareahousehunt
Added: Dec 8, 2025
Changed: Sep 6
Last Checked: Sep 6 at 2:16PM
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 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.
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 = 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
$29,993
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
8.00%
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%
$599,860
$599.9K
Cap Rate 7%
$428,471
$428.5K
Cap Rate 9%
$333,256
$333.3K
Market Conditions
NOI Build-Up for 1,807 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
$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 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%
$599,860
Cap Rate 7%
$428,471
Cap Rate 9%
$333,256
Alternative Uses
Best Use
Retail
$428.5K
$374.9K – $499.9K
NOI $29,993 @ 7.0% cap · market cap 8.00%
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 authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
