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    The Largest CRE Database in the US with Over 1 Million Listings

    2900 S Fm 225 Henderson, TX 75654

    Sponsored
    For Sale
    $6,200,000

    Apartment - Henderson, TX

    Type:Apartment
    Lot size:
    12.00 Acres
    Days on Market:
    167
    Last Refresh:
    Jan 27 at 2:06 am

    Property Features for 2900 S Fm 225

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Standard status
    Active
    Parking features
    Paved or Surfaced
    Lot size
    12.00 Acres

    Building Details

    Floors in Building
    1
    Number of units
    80
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Kelly Hale

    Texas Real Estate Executives, The Daniels Group (903) 680-4663

    Listing agent Kelly Hale (903) 680-4663

    Listing date Aug 14, 2025

    MLS# 20247452 Listing URL

    Copyright © 2026 Longview Area Association 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.

    Learn more

    Property Insight Report

    Overview

    Southern Hills Duplex Apartments Investment

    Southern Hills Duplex Apartments presents an investment opportunity featuring 80 livable units with 1, 2, and 3-bedroom layouts. Situated on 10.5 landscaped acres in a peaceful country setting on the outskirts of Henderson, Texas, the property is conveniently located minutes from shopping and dining. The community includes an on-site leasing office, laundry facility, maintenance shop, and several storage areas. There is potential for rent increases and value-add opportunities. The property has been professionally managed for the past 10 years, with preventative maintenance and prompt attention to work order repairs. New roofs were installed on each of the 42 buildings in June 2023, featuring a 20-year shingle with a transferrable warranty. An adjacent 1.5-acre lot, located at 2902 FM 225 S, brings the total acreage to 12. The vacant lot has utilities in place and is zoned multi-family, offering room to build additional rentals or add amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Southern Hills Duplexes Apartment Complex Couture Glam Girl Wig Shop

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store Accounting Firm Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Rusk
    State
    Texas
    Longitude
    -94.811031
    Latitude
    32.123165

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    FAQs

    What type of property is this?
    Apartment building - Multi-family apartment community with 80 units on 12 acres.
    Where is this apartment building located?
    The property is located at 2900 S Fm 225 Henderson, TX.
    What is the asking price?
    The asking price for this property is $6,200,000.
    What are key features of this property?
    This property features: - Significant upside potential with room for rent increases.; - New roofs with warranty: All 42 buildings had new roofs installed in June 2023 with a 20-year shingle and transferable warranty.; - Professionally managed for 10 years ensuring tenant satisfaction and property upkeep.
    (903) 680-4663
    Request Owner's contact information
    2900 S Fm 225 Henderson, TX 75654
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    Henderson, TX 75654
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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.

    More about this property
    2900 S Fm 225 Henderson, TX 75654
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    We can help!
    Listing Contact
    Kelly Hale
    Real Estate License ID: 0759695
    (903) 680-4663
    Learn more
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