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    1116 Lamar Ave Paris, TX 75460
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    Property profile & analytics

    1116 Lamar Ave, Paris, TX 75460

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    • Commercial real estate
    • 2,714 SF
    Off-Market
    Property ID
    US82-6310727
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Caffey Architecture of Paris, TX / Architecture Firm

    Property Details for 1116 Lamar Ave

    Property type
    Commercial real estate

    Description

    This beautifully maintained 1917 historical home and office space, located at 1116 Lamar Ave in Paris, Texas, presents a unique investment opportunity. Boasting 2,714 square feet on a spacious lot, this property offers a blend of residential and commercial potential. The Greek Revival architecture is highlighted by high ceilings, spacious rooms, and an original grand staircase. Original hardwood floors and lovingly restored bathrooms add to its charm. Its prime location near downtown Paris ensures high visibility on a main thoroughfare, with additional parking available at an adjoining property. The property includes kitchen areas on both levels, enhancing its versatility for various uses. A sizable backyard features outbuildings and a double gate for convenient access. The asking price is $295,000. This property is zoned for commercial use and offers a rare opportunity to own a piece of Paris's rich history while capitalizing on its commercial potential. The property is located in Lamar County, Texas, zip code 75460.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Paris
    County
    Lamar
    State
    Texas
    Longitude
    -95.5443269
    Latitude
    33.6610498

    Comparable in this City

    • $495,000
      4,560 SF

      Paris, TX Commercial Building

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      2280 Loop 286, Paris, TX 75460
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    • $457,380

      Specialty Land Parcel

      For-sale land parcel in Lamar County with straightforward driving access from FM 137 and CR 22900.
      3179 County Road 22900, Paris, TX 75460
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    • $895,000
      1.07 Acres

      Former Day Care to Multi-Use Building

      A former daycare with private room layout and multiple support spaces, well-suited for community, service, or suite-style uses.
      1905 E Price St, Paris, TX 75460
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      1,952 SF

      Updated Commercial Building in Paris

      Versatile commercial building suitable for various business types.
      1249 Lamar Ave, Paris, TX 75460
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      11,317 SF

      Versatile Commercial Property in Paris, TX

      11,000+ SF commercial property with multi-use potential in Paris.
      1905 E Price St, Paris, TX 75460
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      Paris, TX Specialty Property

      Specialty property available for sale in Paris, Texas.
      20 Plz N, Paris, TX 75460
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    Similar Nearby for Sale

    • $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
    • $457,380

      Specialty Land Parcel

      For-sale land parcel in Lamar County with straightforward driving access from FM 137 and CR 22900.
      3179 County Road 22900, Paris, TX 75460
      View Details
    • $895,000
      1.07 Acres

      Former Day Care to Multi-Use Building

      A former daycare with private room layout and multiple support spaces, well-suited for community, service, or suite-style uses.
      1905 E Price St, Paris, TX 75460
      View Details
    • 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
    • Contact for pricing
      11,317 SF

      Versatile Commercial Property in Paris, TX

      11,000+ SF commercial property with multi-use potential in Paris.
      1905 E Price St, Paris, TX 75460
      View Details
    • Contact for pricing

      Paris, TX Specialty Property

      Specialty property available for sale in Paris, Texas.
      20 Plz N, Paris, TX 75460
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,700 SF

      Retail Space in Paris, Texas

      5700 SF retail space available for lease.
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      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
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      33,958 SF

      Retail Spaces in Williamsburg Center

      Multiple retail spaces available in established shopping center.
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    • $15 SF/Yr
      293,594 SF

      Shopping Center Retail Suites

      Multiple retail units with owner-supported finish-out options inside a center anchored by well-known national tenants.
      1455 Clarksville St, Paris, TX 75460
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    • Contact for pricing

      New Construction Retail Space Available

      New construction retail and restaurant spaces with drive-thru.
      2500 Lamar Ave, Paris, TX 75460
      View Details
    • Contact for pricing

      Restaurant with Drive-Thru Opportunity

      Freestanding restaurant with drive-thru, near Paris Town Center.
      3415 Lamar Ave, Paris, TX 75460
      View Details
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    Paris, TX 75460
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    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
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