Income Potential (Stabilized)
Assuming:
85% occupancy
Avg lease rate = $16/sq ft NNN (reasonable for Paris medical/professional space)
Cap rate = 7.5–8.5%
-Stabilized NOI (Net Operating Income):
(11,353 * $16) * 0.85 = ~$154,000/year
At 8% cap, the income-based value = $1.9M–$2.0M
FOR SALE | Multi-Tenant Medical Office Plaza
4550 Lamar Ave, Paris, TX 75462
±11,353 SF | 2.41 Acres | Zoned Commercial | High-Traffic Corridor
Presenting a rare opportunity to acquire a high-visibility medical/professional office complex on one of Paris’ busiest commercial corridors. Located on Lamar Ave (US Hwy 82) with traffic counts exceeding 22,000 VPD, this flexible-use building offers strong potential for owner-users, investors, or developers.
Previously occupied by a dental assistant college, this ±11,353 SF facility is situated on 2.41 acres and can easily be subdivided into multiple tenant suites to accommodate medical, office, or educational users.
Property Highlights
±11,353 SF brick medical/professional office building
- Configurable layout – potential for multi-tenant use
- Prime frontage on Lamar Ave – heavy daily traffic
- Durable brick construction with flexible interior floorplan
- Approx. 7,000 SF requires new roofing (reflected in pricing)
- Ample parking on-site | 2.41-acre lot
- Multiple entry points for future subdivision
- Room for expansion on additional land
- Investment Opportunity
Value-add potential through roof repair and lease-up
Ideal for:
Dental/medical groups
Urgent care, wellness clinics
Law, accounting, or service offices
Educational or training centers
Potential to generate $150K+ NOI when stabilized
Estimated value at 10% cap: ~$1.45M (pricing flexible for condition)
Pricing Guidance
- Priced to reflect vacancy & needed roof work
- Substantial upside through redevelopment or re-tenanting
Ad#:2441444
