Multi-Building Commercial Property in
927 N Palestine St Athens, TX 75751
927 N Palestine St, Athens, TX, 75751
$299,000
For Sale
$299,000
COMMERCIAL - Athens, TX
Property Size3,880 SF
Lot Size1.11 Acres
Price / SF$77.06
Days on Market172
Property Features for 927 N Palestine St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 2050.0107.0110.01
- Size
- 3,880 SF
- Lot size
- 1.11 Acres
Taxes and HOA fees
- Tax Description
- AB 797 B C WALTERS SUR, ATHENS O T, BLK 107 LT 11
Building Details
- Year built
- 1989
Listing agency
Keller Williams Realty - Tyler
(903) 534-6600
Listed by
Christi Earley · License #0783318
(903) 275-1674
Added: Feb 1 Updated: Jun 16 at 10:04AM Checked: Jul 23 at 12:06AM
MLS# 110252
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 commercial property in Athens, Texas, presents an opportunity for various business uses, featuring two separate buildings on a 1.11-acre lot. One building includes two large shop areas suitable for manufacturing, service, storage, or trade operations. The second building offers office spaces, a conference room, and a kitchen, providing on-site administrative and employee amenities. Both buildings are equipped with two bathrooms. The property, totaling 3,880 square feet, is designed to accommodate single or multi-tenant use, making it suitable for owner-operators or investors seeking adaptable commercial space.
Key Highlights
- Multi‑building commercial property with two separate buildings
- Building 1: Two large shop areas suitable for manufacturing, service, storage, or trade operations
- Building 2: Office spaces, conference room, and kitchen
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $8.16 |
| − Vacancy | −$3.2k | −$0.83 |
| EGI | $28.4k | $7.33 |
| − OpEx | −$4.3k | −$1.10 |
| NOI | $24.2k | $6.23 |
3,880 SF · lease $8.16/SF/yr · vacancy 10.20% · expense 15.00%
Alternative Uses
Best Use
Office B
$927.2K
$811.3K – $1.08M
NOI $64,901 @ 7.0% cap · market cap 21.71%
Second Best
Warehouse
$345.2K
$302.1K – $402.8K
NOI $24,167 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,541 @ 7.0% cap · market cap 31.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lincare
Production Facility
Athens Fire Department
Fire Station
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Versatile commercial property with shop and office spaces for sale.
Where is this manufacturing property located?
The property is located at 927 N Palestine St Athens, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Multi‑building commercial property with two separate buildings; Building 1: **Two large shop areas suitable for manufacturing, service, storage, or trade operations**; Building 2: Office spaces, conference room, and kitchen
