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    Carrie Bennett, Athens, TX

    Service Locations

    Contact details

    Phone:
    (903) 477-8177
    Office Address:
    505 EAST CLINTON, Athens, TX

    Property Types

    • Land

    Performance

    Listings
    14

    Listings

    For Sale (14)

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    • $38,000
      1.01 Acres

      Residential Lot with Lake Views

      Lot in gated community with lake views and boat slip.
      253 Over Look Pt, Athens, TX 75752
      View Details
    • $160,000
      Pending

      Partially Wooded Lot with Pond

      4-acre lot with pond in gated community near Athens.
      179R Rolling Hills Ct, Athens, TX 75752
      View Details
    • $80,000
      2.01 Acres

      Heavily Wooded Lot in Gated Community

      2-acre lot in Waters Edge Ranch, Athens, TX.
      175 Rolling Hills Ct, Athens, TX 75752
      View Details
    • $72,500
      1.01 Acres

      Water's Edge Ranch View Lot

      View lot in gated community with resort-style amenities.
      268 Over Look Pt, Athens, TX 75752
      View Details
    • $80,000
      1.04 Acres

      Water's Edge Ranch Elevated Lot

      1-acre lot with lake and valley views in gated community.
      239 High Point Ct, Athens, TX 75752
      View Details
    • $79,000
      2.24 Acres

      Residential Lot in Gated Community

      Lot in gated community with lake access and amenities.
      93 Saddle Ridge Ct, Athens, TX 75752
      View Details
    • $99,000
      3.02 Acres

      Residential Lot in Waters Edge

      3-acre lot with resort-style amenities near Athens, Texas.
      136 Shore Crest Way, Athens, TX 75752
      View Details
    • $75,500
      1.00 Acre

      Scenic Overlook Homesite in Athens, TX

      One-acre lot with panoramic lake views in gated community.
      254 Over Look Pt, Athens, TX 75752
      View Details
    • $110,000
      3.01 Acres

      Residential Lot in Waters Edge

      3-acre lot in amenity-rich Waters Edge Ranch community.
      135 Shore Crest Way, Athens, TX 75752
      View Details
    • New
      $124,900
      6.60 Acres

      6+ Acre Homesite in Athens

      Serene 6+ acre homesite with pond and community amenities.
      42 Shore Crest Way, Athens, TX 75752
      View Details
    • New
      $55,000
      1.00 Acre

      Scenic Homesite in Waters Edge

      Elevated lot with panoramic views in a desirable community.
      241 Over Look Pt, Athens, TX 75752
      View Details
    • $32,500
      0.53 Acres

      Residential Lot in Gated Community

      Corner lot in gated community with amenities, ready for building.
      451-452 Jamey Ct, Athens, TX 75752
      View Details
    • $75,000
      2.03 Acres

      Residential Lot in Gated Community

      2.03 acre residential lot in Water's Edge Ranch.
      181 Rolling Hills Ct, Athens, TX 75752
      View Details
    • $65,000
      1.01 Acres

      One Acre Lot in Athens

      One-acre lot in gated community with lake view.
      231 Wildlife Way, Athens, TX 75752
      View Details

    Leases and Sales on Map

    • For Sale

    Properties for sale

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    Carrie Bennett, Athens, TX
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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.

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    Carrie Bennett, Athens, TX
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