Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    701 Main St Paris, TX 75460-4279

    • Commercial real estate
    • 1,500 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5702047
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 701 Main St

    Year built
    1969
    Lot size
    0.08 lot acres
    Property size
    1,500 SF
    Property type
    Commercial real estate
    APN
    15049
    APU
    15049

    Description

    This exceptional commercial property, located at 701 N Main Street in Paris, Texas, presents a unique investment opportunity. Boasting 1,500 square feet of space situated on a 0.33-acre lot, this property offers significant potential for a variety of commercial uses. Its prime location in the heart of Paris ensures high visibility and accessibility, with two convenient entrances – one directly off of North Main Street and another directly off of First Street Northwest. All utilities are readily available on-site, simplifying setup and operation. Currently zoned for commercial use, this property is ready for immediate occupancy and development. The strategic dual-street access provides excellent exposure to a high volume of daily traffic, making it ideal for businesses seeking maximum visibility and customer reach. The substantial lot size offers ample space for potential expansion or outdoor amenities. This property represents a rare chance to acquire a well-situated commercial space in a thriving Texas town. Don't miss this opportunity to establish your business in a highly desirable location. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Paris
    County
    Lamar
    State
    Texas
    Longitude
    -95.5567
    Latitude
    33.668
    CBSA code
    37580
    CBSA name
    PARIS, TX MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,117
    $26,940
    $30,460
    $57,400
    -
    $26,940
    $30,460
    $57,400

    Comparable in this City

    • Value Estimation by Request
      77,180 SF

      3000 Clarksville St

      Retail properties • 77,180 SF
      3000 Clarksville St, Paris, TX 75460
      View Details
    • Value Estimation by Request
      0.04 Acres

      124 Main St

      COMMERCIAL (GENERAL) • 0.04 Acres
      124 Main St, Paris, TX 75460-4222
      View Details
    • Value Estimation by Request
      0.12 Acres

      988 Sherman St

      COMMERCIAL (GENERAL) • 0.12 Acres
      988 Sherman St, Paris, TX 75460
      View Details
    • Value Estimation by Request
      0.07 Acres

      542 Tudor St

      COMMERCIAL (GENERAL) • 0.07 Acres
      542 Tudor St, Paris, TX 75460-4369
      View Details
    • Value Estimation by Request
      0.05 Acres

      1400 11th NE St

      COMMERCIAL (GENERAL) • 0.05 Acres
      1400 11th NE St, Paris, TX 75460-2787
      View Details
    • Value Estimation by Request
      0.02 Acres

      605 1st NE St

      COMMERCIAL (GENERAL) • 0.02 Acres
      605 1st NE St, Paris, TX 75460
      View Details

    Similar Nearby for Sale

    • $114,500
      5.00 Acres

      Prime Paris, TX Development Land

      5 Acres, Mixed-Use Potential
      0 Old Jefferson Rd, Paris, TX 75460
      View Details
    • $350,000
      2,624 SF

      3340 Loop 286, Paris, TX 75460

      Commercial real estate • 2,624 SF
      3340 Loop 286, Paris, TX 75460
      View Details
    • $300,000
      48.04 Acres

      Prime Paris, TX Development Land

      48 Acres, Commercial/Residential Potential
      0 Old Jefferson Rd, Paris, TX 75460
      View Details
    • $700,000
      8,000 SF

      Prime Paris Commercial Building

      8,000 sq ft, Versatile Space, $700,000
      1828 Bonham St, Paris, TX 75460
      View Details
    • $598,000
      12,740 SF

      Historic Paris Commercial Gem

      Prime location, 12,740 sq ft, 3-story building
      26 2Nd St, Paris, TX 75460
      View Details
    • $579,000
      2,479 SF

      Prime Downtown Paris Restaurant Space

      High-traffic location, ample parking, 2,479 sq ft.
      350 1St St, Paris, TX 75460
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,553 SF

      Prime Paris Restaurant Opportunity

      Free-standing, drive-thru potential, high traffic.
      3415 Lamar Ave, Paris, TX 75460
      View Details
    • Contact for pricing
      15,506 SF

      Retail Space in Paris, Texas

      Retail space available in Paris, Texas near major retailers.
      650 Bonham St, Paris, TX 75460
      View Details
    • $1,700 /Mo
      36,155 SF

      Functional Office Space in Paris

      Versatile commercial space in Paris, TX, suitable for various businesses.
      240 10Th St SE, Paris, TX 75460
      View Details
    • $1,700 /Mo
      36,155 SF

      Versatile Office Space in Paris, TX

      Functional commercial space in Paris, TX, suitable for various businesses.
      240 10Th St SE, Paris, TX 75460
      View Details
    • $16 SF/Yr
      292,784 SF

      Paris Towne Center Retail Space

      Prime Paris, TX retail space available.
      3550 Lamar Ave, 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
    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.
    701 Main St
    Paris, TX 75460-4279
    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

    Google sign-in failed. Please try again or use another login method.