Building Details

Year Built 1970

Listing Agency: Century 21 Harvey Properties-P r***@c21php.com Show Phone

Listed By: Rusty Lowe · License #0435783 Show Phone

Source: Lonestarluxuryrealty

Added: Aug 30 Changed: Oct 14 Last Checked: Oct 16 at 8:32AM

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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 Century 21 Harvey Properties-P

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Investment Insights

Based on property information with market context.

Set on 1.396 acres, this flex property includes an existing warehouse with direct access along Highway 82. The building dates to 1970 and provides a functional base for office operations, storage, distribution, or service-oriented business use.

The site is located at 4687 Highway 82 in Paris, Texas, with highway frontage along a major commercial corridor. The acreage offers room for parking, equipment, or future expansion, while the existing improvements provide immediate utility for a range of business operations.

Key Highlights

• 1.396‑acre commercial property at 4687 Highway 82, Paris, TX 75462
• Existing warehouse improvements with 8,120 square feet of property size
• Highway 82 frontage with direct access along a major commercial corridor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,489

Cap Rate

8.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$769,780 $769.8K

Cap Rate 7%

$549,843 $549.8K

Cap Rate 9%

$427,656 $427.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,120 SF

Gross rent

$65.3K $8.04/SF

− Vacancy

−$6.1K −$0.75/SF

EGI

$59.2K $7.29/SF

− OpEx

−$20.7K −$2.55/SF

NOI

$38.5K $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%

$769,780

Cap Rate 7%

$549,843

Cap Rate 9%

$427,656

Alternative Uses

Best Use

Warehouse

$719.0K

$629.1K – $838.9K (±1% cap)

NOI $50,331 @ 7.0% cap · market cap 11.31%

Second Best

Industrial

$592.1K

$518.1K – $690.8K (±1% cap)

NOI $41,449 @ 7.0% cap · market cap 9.31%

Theoretical Best

Hotel Hospitality

$6.12M

$5.35M – $7.14M (±1% cap)

NOI $428,127 @ 7.0% cap · market cap 96.21%

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

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Furniture & Home Goods Carpet & Flooring Store Big Box & Wholesale Store Auto Repair Shop Storage Facility Tattoo & Piercing Shop

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

336

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

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Flex space - Existing warehouse improvements with highway access support office, storage, distribution, and service-based business functions.

Where is this flex space located?

The property is located at 4687 E Highway 82 Paris, TX.

What is the asking price?

The asking price for this property is $445,000.

What are key features of this property?

This property features: 1.396‑acre commercial property at 4687 Highway 82, Paris, TX 75462; Existing warehouse improvements with 8,120 square feet of property size; Highway 82 frontage with direct access along a major commercial corridor