Flex Building with Warehouse
For Sale
$224,900
650 N Main St, Paris, TX 75460
Metal commercial building combines finished offices with vehicle-accessible work areas.
Property Size2,016 SF
Price / SF$111.56
Days on Market63
Property Features for 650 N Main St
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Commercial
Building Details
Year Built
1980
Buildings
1
Construction
metal building
Listing Agency:
Hygge Homes and Land
Listed By:
Meagen Smith · License #0679901
(903) 495-4645
Source:
Divinerealtygrp
Added: Sep 1
Changed: Nov 1
Last Checked: Nov 1 at 5:56AM
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 Hygge Homes and Land
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Investment Insights
Based on property information with market context.
Built in 1980, this 2,016-square-foot metal flex building combines finished office space with an open warehouse and shop area. The office portion includes several rooms, interior windows and doors, and an on-site restroom, while the warehouse offers a concrete floor, overhead lighting, exposed steel framing, and multiple large roll-up doors. The layout supports separation between administrative and operational functions while retaining convenient internal access.
Open exterior space provides room for parking, vehicle movement, equipment, inventory, or other outdoor needs. The property is located at 650 N Main St in Paris, Texas, and offers a practical configuration for business, service, storage, workshop, or other commercial operations.
Open exterior space provides room for parking, vehicle movement, equipment, inventory, or other outdoor needs. The property is located at 650 N Main St in Paris, Texas, and offers a practical configuration for business, service, storage, workshop, or other commercial operations.
Key Highlights
- 2,016‑square‑foot flex building with office, warehouse, and shop areas
- Finished office section with multiple rooms and an interior restroom
- Warehouse area features concrete flooring, overhead lighting, and exposed steel framing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,496
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,920
$249.9K
Cap Rate 7%
$178,514
$178.5K
Cap Rate 9%
$138,844
$138.8K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$16.2K $8.04/SF
− Vacancy
−$1.5K −$0.75/SF
EGI
$14.7K $7.29/SF
− OpEx
−$2.2K −$1.09/SF
NOI
$12.5K $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%
$249,920
Cap Rate 7%
$178,514
Cap Rate 9%
$138,844
Alternative Uses
Best Use
Warehouse
$178.5K
$156.2K – $208.3K
NOI $12,496 @ 7.0% cap · market cap 5.56%
Second Best
Industrial
$147.0K
$128.6K – $171.5K
NOI $10,291 @ 7.0% cap · market cap 4.58%
Theoretical Best
Hotel Hospitality
$1.52M
$1.33M – $1.77M
NOI $106,294 @ 7.0% cap · market cap 47.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
Under-served
Demand for This Use
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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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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- TFT Catering and Event Planning — 123 Clarksville St, Paris, TX 75460
Frequently Asked Questions
What type of property is this?
Flex space - Metal commercial building combines finished offices with vehicle-accessible work areas.
Where is this flex space located?
The property is located at 650 N Main St Paris, TX.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 2,016‑square‑foot flex building with office, warehouse, and shop areas; Finished office section with multiple rooms and an interior restroom; Warehouse area features concrete flooring, overhead lighting, and exposed steel framing
