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$895,000

1905 E Price St, Paris, TX, 75460

On MarketInfo
CommercialInfo
Beds12 Beds
Baths12 Bath
Baths8,550 Sq Ft
Hotel/MotelHotel/Motel
Year BuiltBuilt in 1960

Highlights

Interior

Bedrooms 12Bedrooms 12
Bathrooms 12Bathrooms 12
Heating CentralHeating Central
CoolingCooling
FlooringVinyl

Exterior

Lot Size1.07 acres

Building Information

Year Built1960

Land Information

APN22040
Lot Number9
SubdivisionCity Of Paris
Land UseCommercial
Legal DescriptionCITY OF PARIS, BLOCK 220-A, LOT 9-A & 6, 1905 E PRICE 1905 E PRICE
Census Tract000500
Assessed Land Value$37,680
Assessed Improvement Value$1,136,600
Assessment Year2025

About this property

Formerly a daycare, this versatile 11,000+ SF commercial property sits on 1+ acre with dual road frontage in a Multi-Family Dwelling District. The functional layout includes 12 private rooms with full baths, office areas, a commercial kitchen, laundry, and multiple flex spaces, creating endless end-use potential for multi-family conversion, co-working, flex office suites, medical or wellness, senior-focused services, hospitality group lodging, or community training space. Centrally located near downtown, shopping, and medical centers, it supports strong lease demand and long-term value. Current income supports an estimated 10% cap rate with upside potential, and the property is located in a Texas Opportunity Zone offering potential tax incentives.

Investor Tools

$796,505Estimated Mortgage Balance
$377,775Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,046 /month
Positive
Cash Flow Estimate:
$2,349 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,284/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,534
$1,174,280
2025
$37,680
$1,136,600
$1,174,280
No

Tax History

Year
Tax Paid
Assessed Value
2022
$9,534
$1,174,280

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Kirkland Income Fund I Llc
Commercial
$840,000
No
First
Jul 18, 2023
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$796,505
$377,775
32%
68%
$5,037/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Paris

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1905 E Price St | Property Details | No Agent List