Flex Space with Storage
For Sale
$995,000
6275 FM 59, Athens, TX 75751
Commercial Sale, Athens, TX
Property Size6,116 SF
Lot Size16.78 Acres
Price / SF$162.69
Days on Market116
Property Features for 6275 FM 59
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Henderson
Standard status
Active
APN
0477.0310.0000.20
Size
6,116 SF
Lot size
16.78 Acres
Taxes and HOA fees
Tax Description
Call office
Legal Description
Call office
Building Details
Year built
2007
Listing Agency:
Keller Williams Realty - Athens
(903) 658-8848
Listed By:
Brad Rummel · License #0422393
(903) 681-3347
Added: May 7
Changed: Aug 19
Last Checked: Aug 30 at 1:06AM
MLS# 112817
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.
Investment Insights
Based on property information with market context.
This 6,116-square-foot flex property, built in 2007, combines office space, warehouse space, and climate-controlled storage. The storage component includes 12 individual units, creating a varied commercial configuration within the larger site. The property encompasses 16.78 acres and is positioned for business operations, storage use, and future expansion as supported by the existing improvements.
Frontage extends along Farm to Market 59 and Loop 7 in Athens, providing access from two established roadways. The property is located in the county within the Athens ETJ and has no city taxes. Utilities, restrictions, acreage, and intended use should be independently verified by the buyer and buyer’s agent.
Frontage extends along Farm to Market 59 and Loop 7 in Athens, providing access from two established roadways. The property is located in the county within the Athens ETJ and has no city taxes. Utilities, restrictions, acreage, and intended use should be independently verified by the buyer and buyer’s agent.
Key Highlights
- 16.78‑acre flex property with 6,116 square feet of improvements
- Office space, warehouse space, and climate‑controlled storage on site
- 12 individual climate‑controlled storage units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,401
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,288,020
$1.3M
Cap Rate 7%
$920,014
$920.0K
Cap Rate 9%
$715,567
$715.6K
Market Conditions
NOI Build-Up for 6,116 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$110.1K $18.00/SF
− Vacancy
−$11.0K −$1.80/SF
EGI
$99.1K $16.20/SF
− OpEx
−$34.7K −$5.67/SF
NOI
$64.4K $10.53/SF
Area
Henderson County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,288,020
Cap Rate 7%
$920,014
Cap Rate 9%
$715,567
Alternative Uses
Best Use
Flex RnD
$920.0K
$805.0K – $1.07M
NOI $64,401 @ 7.0% cap · market cap 6.47%
Second Best
Warehouse
$544.2K
$476.2K – $634.9K
NOI $38,094 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,600 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75751, TX
17,100
Population
7,432
Households
2.3
Avg Household Size
39
Median Age
20%
College-Educated
85%
High-School Grad
180.4 sq mi
ZIP Area
95
Density / Sq Mi
$71,524
Median Household Income
$31,897
Median Earnings
$1,063
Median Rent
$205,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Property includes office space, warehouse space, and climate-controlled storage in a county location within the Athens ETJ.
Where is this flex space located?
The property is located at 6275 FM 59 Athens, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 16.78‑acre flex property with 6,116 square feet of improvements; Office space, warehouse space, and climate‑controlled storage on site; 12 individual climate‑controlled storage units
