Metal Warehouse Complex with
For Sale
$575,000
7491 State Highway 19 S, Athens, TX 75751
CommercialSale, Athens, TX
Property Size10,500 SF
Lot Size3.52 Acres
Price / SF$54.76
Days on Market42
Property Features for 7491 State Highway 19 S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
unrestricted
Parking features
Guest, Garage, Driveway
Subdivision
N BOX SUR
Directions
Follow GPS
Standard status
Active
APN
005801000A0000
Lot size
3.52 Acres
Taxes and HOA fees
Tax Description
AB 58 N BOX SUR, TR 10A
Tax Annual Amount
2669
Legal Description
AB 58 N BOX SUR, TR 10A
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Propane (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
1946
Floors in Building
1
Number of units
5
Flooring type
Vinyl
Building materials
MetalSiding, Concrete
Roof type
Metal, Composition
Listing Agency:
Stewart & McGee Real Estate
(903) 675-5207
Listed By:
Danae Oglesby · License #0680162
(903) 368-2277
Added: Jul 14
Changed: Aug 19
Last Checked: Aug 24 at 9:06PM
MLS# 21328804
Copyright © 2026 North Texas Real Estate Information Systems, Inc. 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 metal warehouse complex combines commercial improvements with two renovated residences on a 3.52-acre lot. The commercial component totals over 10,500 SF and includes a 5,000 SF metal warehouse with 20-ft sidewalls, designed for equipment, inventory, and industrial-style storage or production use. A 4,000 SF metal building features drive-thru access and roll-up bay doors, along with workshop space and four individual storage units. There is also an additional 1,500 SF building containing nine storage units of varying sizes.
The property also includes two residences with fully renovated interiors in 2023. The primary residence is approximately 2,000 SF with its own executive-residence, office conversion, or live-work flexibility. A second renovated 1,200 SF residence has its own entrance from SH 19 S, supporting additional rental income, guest or management housing, or employee housing.
Built in 1946, the buildings use metal siding and concrete, with vinyl flooring. Heating is propane, and cooling is central air with electric. Utilities include a septic tank, and the roofs are metal and composition.
The property also includes two residences with fully renovated interiors in 2023. The primary residence is approximately 2,000 SF with its own executive-residence, office conversion, or live-work flexibility. A second renovated 1,200 SF residence has its own entrance from SH 19 S, supporting additional rental income, guest or management housing, or employee housing.
Built in 1946, the buildings use metal siding and concrete, with vinyl flooring. Heating is propane, and cooling is central air with electric. Utilities include a septic tank, and the roofs are metal and composition.
Key Highlights
- 3.52‑acre warehouse property with highway frontage on SH 19 S
- 5,000 SF metal warehouse with 20‑ft sidewalls
- 4,000 SF metal building with drive‑thru access, roll‑up bay doors, workshop space, and 4 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
$34,650
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
6.03%
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%
$693,000
$693.0K
Cap Rate 7%
$495,000
$495.0K
Cap Rate 9%
$385,000
$385.0K
Market Conditions
NOI Build-Up for 10,500 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
$63.0K $6.00/SF
− Vacancy
−$7.6K −$0.72/SF
EGI
$55.4K $5.28/SF
− OpEx
−$20.8K −$1.98/SF
NOI
$34.7K $3.30/SF
Area
Henderson County, TX
Vacancy
12.00%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
37.50%
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%
$693,000
Cap Rate 7%
$495,000
Cap Rate 9%
$385,000
Alternative Uses
Best Use
Office B
$2.51M
$2.20M – $2.93M
NOI $175,634 @ 7.0% cap · market cap 30.55%
Second Best
Flex RnD
$1.58M
$1.38M – $1.84M
NOI $110,565 @ 7.0% cap · market cap 19.23%
Theoretical Best
Office A
$3.69M
$3.23M – $4.31M
NOI $258,552 @ 7.0% cap · market cap 44.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
20
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 Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- South Athens Storage — 7227 TX-19, Athens, TX 75751
Frequently Asked Questions
What type of property is this?
Warehouse - Metal warehouse improvements plus two renovated residences on 3.52 acres with highway frontage on SH 19 S.
Where is this warehouse located?
The property is located at 7491 State Highway 19 S Athens, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 3.52‑acre warehouse property with highway frontage on SH 19 S; 5,000 SF metal warehouse with 20‑ft sidewalls; 4,000 SF metal building with drive‑thru access, roll‑up bay doors, workshop space, and 4 storage units
