Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8Th St Paris, TX 75460
    Property profile & analytics

    8Th St Paris, TX 75460

    View on Map
    • Specialty properties
    • 1,680 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 0 8Th St

    Year built
    2023
    Property size
    1,680 SF
    Property type
    Specialty properties
    Property subtype
    Office Spaces

    Description

    This exceptional 1,680 square foot commercial building, constructed in 2023, is ideally situated in west Paris, Texas, off Business Highway 82. The single-tenant property sits on a 0.25-acre lot and is perfect for a variety of commercial uses. The building boasts a turnkey interior, finished to a high standard, including two offices, a reception area, a break room, and two overhead doors, making it suitable for businesses requiring both office and warehouse space. The interior features closed-cell spray foam insulation for superior energy efficiency, updated electrical and plumbing systems, a full bathroom, and new window units throughout. The property is further enhanced by exterior 50-amp RV plugs on the southwest corner and 50-amp welding plugs inside, catering to businesses needing specialized power sources. Its zoning designation is commercial, making it ready for immediate occupancy by a new or existing business. This property is particularly well-suited for trades such as plumbing, HVAC, or carpentry businesses. The building's modern design and practical layout offer a unique opportunity for a business seeking a functional and efficient workspace. Lamar County location provides easy access to major transportation routes. This is a rare opportunity to secure a brand-new, move-in ready commercial space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Paris
    County
    Lamar
    State
    Texas
    Longitude
    -95.5641
    Latitude
    33.6602

    Comparable in this City

    • Value Estimation by Request
      22,651 SF

      Tbd Bonham St

      Specialty properties • 22,651 SF
      0 Tbd Bonham St, Paris, TX 75460
      View Details
    • Value Estimation by Request
      1,680 SF

      8Th St

      Specialty properties • 1,680 SF
      0 8Th St, Paris, TX 75460
      View Details
    • Value Estimation by Request
      2,714 SF

      1116 Lamar Ave

      Land • 2,714 SF
      1116 Lamar Ave, Paris, TX 75460
      View Details
    • Value Estimation by Request
      2,420 SF

      41 1St St

      Land • 2,420 SF
      41 1St St, Paris, TX 75460
      View Details
    • Value Estimation by Request
      4,560 SF

      2280 Loop 286

      Office Spaces • 4,560 SF
      2280 Loop 286, Paris, TX 75460
      View Details
    • Value Estimation by Request
      5.00 Acres

      Old Jefferson Rd

      Self storage facilities • 5.00 Acres
      0 Old Jefferson Rd, Paris, TX 75460
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,952 SF

      Updated Commercial Building in Paris

      Versatile commercial building suitable for various business types.
      1249 Lamar Ave, Paris, TX 75460
      View Details
    • $249,900
      0.20 Acres

      Updated Commercial Building in Paris

      Charming, updated commercial building in the heart of Paris, Texas.
      1249 Lamar Ave, Paris, TX 75460
      View Details
    • $495,000
      4,560 SF

      Paris, TX Commercial Building

      Commercial building for sale on NE Loop, Paris, TX.
      2280 Loop 286, Paris, TX 75460
      View Details
    • $660,000
      11,500 SF

      Historic Paris Plaza Retail Opportunity

      Two-story building in Paris Downtown Historic District with development potential.
      4 Plz N, Paris, TX 75460
      View Details
    • Contact for pricing
      9,200 SF

      Retail/Office Space For Sale

      9,200 SF retail/office space in Paris, TX.
      1260 Clarksville St, Paris, TX 75460
      View Details
    • $265,000
      1,718 SF

      Paris Commercial Property on FM 79

      4-acre commercial property with warehouse and office space for sale.
      2925 Farm Road 79, Paris, TX 75460
      View Details

    Similar Nearby for Lease

    • $5,700 /Mo

      Office Space in Paris, TX

      Office space available for rent in Paris, Texas.
      450 SW 4Th St, Paris, TX 75460
      View Details
    • Contact for pricing
      2,000 SF

      Paris Office Space For Rent

      Well-located commercial office space off Loop 286 in Paris.
      870 Loop 286 NE, Paris, TX 75460
      View Details
    • $3,000 /Mo
      8,712 SF

      Paris, TX Commercial Office Space

      Well-located commercial office space off Loop 286 in Paris.
      870 Loop 286 NE, Paris, TX 75460
      View Details
    • $15 SF/Yr
      293,594 SF

      Retail Spaces in Williamsburg Center

      Multiple retail spaces available for lease in Paris, Texas.
      1455 Clarksville St, Paris, TX 75460
      View Details
    • Contact for pricing
      5,700 SF

      Retail Space in Paris, Texas

      5700 SF retail space available for lease.
      450 SW 4Th St, Paris, TX 75460
      View Details
    • Contact for pricing
      33,958 SF

      Retail Spaces in Williamsburg Center

      Multiple retail spaces available in established shopping center.
      1455 Clarksville St, Paris, TX 75460
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8Th St
    Paris, TX 75460
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8Th St, Paris, TX, 75460
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!