Retail Property with
For Sale
$899,999
Lamar Road, Reno, TX 75462
CommercialSale, Reno, TX
Property Size2,000 SF
Lot Size0.68 Acres
Price / SF$449
Days on Market95
Property Features for Lamar Road
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
commercial
Subdivision
S Peters Surv Abs 715
Directions
From Paris Take 82 West approximately 5 miles and the property is on your right
Standard status
Active
APN
124278
Lot size
0.68 Acres
Taxes and HOA fees
Tax Description
A715 S PETERS SURVEY, ACRES .677
Tax Annual Amount
252
Legal Description
A715 S PETERS SURVEY, ACRES .677
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
1
Number of units
1
Flooring type
Laminate
Building materials
AluminumSiding
Roof type
Metal
Listing Agency:
Hygge Homes and Land
(903) 609-2050
Listed By:
Jack Rosenthal
(903) 363-2222
Added: Jul 8
Changed: Sep 6
Last Checked: Oct 10 at 5:06AM
MLS# 21320488
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail property is identified for laundromat use and occupies approximately 0.677 acres on Lamar Road in Reno, Texas. The improvements date to 2023 and include aluminum siding, laminate flooring, a metal roof, central heating, and central air conditioning. On-site parking is also provided.
The property is connected to public water and public sewer systems. Its retail classification and existing laundromat operation provide a defined commercial use within the Reno market.
The property is connected to public water and public sewer systems. Its retail classification and existing laundromat operation provide a defined commercial use within the Reno market.
Key Highlights
- Existing laundromat operation
- Approximately 0.677 acres on Lamar Road
- 2023 construction with aluminum siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,197
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,940
$663.9K
Cap Rate 7%
$474,243
$474.2K
Cap Rate 9%
$368,856
$368.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$49.9K $24.96/SF
− Vacancy
−$2.5K −$1.25/SF
EGI
$47.4K $23.71/SF
− OpEx
−$14.2K −$7.11/SF
NOI
$33.2K $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%
$663,940
Cap Rate 7%
$474,243
Cap Rate 9%
$368,856
Alternative Uses
Best Use
Retail
$474.2K
$415.0K – $553.3K
NOI $33,197 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.51M
$1.32M – $1.76M
NOI $105,450 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
9,013 visits/mo
0.5 miles
Dollar Tree
Shops & Services
6,789 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial site with public utilities, central HVAC, and on-site parking.
Where is this retail space located?
The property is located at Lamar Road Reno, TX.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Existing laundromat operation; Approximately 0.677 acres on Lamar Road; 2023 construction with aluminum siding
