Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1411 Flat Creek Athens, TX 75751

    View on Map
    Claim this Listing
    For Lease
    $24,820 SF/Yr $129,674,158/Mo (calc)

    Office,Warehouse,Industrial, Commercial Lease - Athens, TX

    Property size:
    62,695 SF
    Added:
    Mar 9, 2026
    Days on Market:
    52
    Last Refresh:
    Apr 29 at 7:06 pm

    Property Features for 1411 Flat Creek

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Exterior features
    Metal
    Standard status
    Active
    APN
    0171.0790.0000.01
    Size
    62,695 SF

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Zoned

    Building Details

    Year built
    1960
    Flooring type
    Concrete, Vinyl
    Building materials
    Block, Frame, Metal Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Steve Grant

    Listing agent Steve Grant

    Listing office Steve Grant Real Estate, LLC. 406 E Corsicana St # 350, ATHENS, TX

    Listing date Mar 9, 2026

    MLS# 108544 Listing URL

    Copyright © 2026 Henderson County Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Industrial Building in Athens, TX

    This industrial building offers a total of 62,695 square feet, including 53,982 square feet of production work area and approximately 8,713 square feet of office space. The property is located in Athens, TX, and provides easy access. It is available for lease under a NNN lease agreement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Henderson
    State
    Texas
    Longitude
    -95.828433
    Latitude
    32.209371

    Nearby Similar for Lease

    • $2,900/Mo

      Prime Athens Town Square Space

      Versatile retail or office space in Athens Town Square.
      117 E Tyler St, Athens, TX 75751
      View Details
    • $3,500/Mo

      Remodeled Commercial Building in Athens

      Updated commercial building suitable for retail or professional services.
      8560 HWY 19 S, Athens, TX 75751
      View Details
    • $3,800/Mo

      Versatile Space in Athens Town

      Commercial space for retail, office, or restaurant in Athens.
      220 Crestway Drive, Athens, TX 75751
      View Details
    • $2,500/Mo

      Retail Space in Athens, TX

      Retail space available for lease in Athens, Texas.
      610 E Tyler Street, Athens, TX 75751
      View Details
    • $375/Mo

      Office Suite in Athens, TX

      Private office suite available for lease in Athens, Texas.
      217 N Palestine St, Athens, TX 75751
      View Details
    • $4,000/Mo

      New Metal Building in Athens

      New metal building with bay doors outside city limits.
      3001 SW LOOP 7, Athens, TX 75751
      View Details
    • $24,820 SF/Yr

      Industrial Building in Athens, TX

      Industrial building with production area and office space for lease.
      1411 Flat Creek Road, Athens, TX 75751
      View Details
    • $3,800/Mo

      Versatile Commercial Space in Athens

      Commercial space for lease suitable for retail, office, or restaurant.
      220 Crestway Drive, Athens, TX 75751
      View Details
    • $4,000/Mo

      New Metal Building For Lease

      New metal building with bay doors outside city limits.
      3001 SW Loop 7, Athens, TX 75751
      View Details
    • $2,500/Mo

      Office Space For Rent

      2000 sqft office space available for rent.
      610 E Tyler Street, Athens, TX 75751
      View Details
    • $24,820 SF/Yr

      Industrial Building with Office Space

      Industrial building featuring production area and office, easy access.
      1411 Flat Creek Road, Athens, TX 75751
      View Details
    • Contact for pricing

      Retail Center in Growing Area

      Retail spaces available in high-traffic Athens location.
      1111 E Tyler St, Athens, TX 75751
      View Details

    FAQs

    What type of property is this?
    Flex space - 62,695 SF industrial building with office and production space.
    Where is this flex space located?
    The property is located at 1411 Flat Creek Athens, TX.
    What is the lease rate?
    The lease rate is $24,820.
    What are key features of this property?
    This property features: Large Production Work Area: Benefit from 53,982 square feet dedicated to production.; Substantial Total Square Footage: 62,695 square feet total space.; Office Space Included: Approximately 8,713 square feet of office space.
    (903) 677-7825
    We can help!
    Listing Contact
    Steve Grant
    Real Estate License ID: 0247804
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!