Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Commons Dr Athens, TX 75751

    Sponsored
    For Sale
    $450,000

    Unimproved Land - Athens, TX

    Type:Unimproved Land
    Lot size:
    10.82 Acres
    Days on Market:
    240
    Last Refresh:
    Feb 24 at 9:06 am

    Property Features for Commons Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    20420002003001
    Lot size
    10.82 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Angela Wagoner
    Angela Wagoner

    ANGELA WAGONER (903) 340-6218

    Listing agent Angela Wagoner (903) 340-6218 License #0629869

    Listing date Jun 30, 2025

    MLS# 14630185 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Unimproved Land in Athens, Texas

    This is an opportunity to acquire 10.82 acres of unimproved land located in Athens, Henderson County, Texas. The property is designated as land and other land types. The property is located in Athens, Texas, with the postal code 75751.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Athens
    County
    Henderson
    State
    Texas
    Longitude
    -95.843235
    Latitude
    32.165678

    Nearby Similar for Sale

    • $940,000
      3,272 SF

      Spacious Acreage with Accessible Features

      4.15-acre property with main home, guest house, and shop.
      5270 Saddle Ridge Ct, Athens, TX 75752
      View Details
    • $665,000
      2,076 SF

      Equestrian Property Near Lake Athens

      12-acre property with horse facilities and a two-story home.
      2382 Crystal Dr, Athens, TX 75752
      View Details
    • $695,000
      3,771 SF

      Spacious Athens Farm with Shop

      Two-story home on 42+ acres with shop and stables.
      11133 St Hwy 19 N, Athens, TX 75752
      View Details
    • $695,000
      3,771 SF

      Athens Acreage with Two-Story Home

      Spacious four-bedroom home on approximately 42.786 acres near Athens.
      11133 St Hwy 19 N, Athens, TX 75752
      View Details
    • $580,000
      1,674 SF

      Country Retreat with Two Homes

      13.48 acre property featuring two homes and a pond.
      12637 St Hwy 19 N, Athens, TX 75752
      View Details
    • $1,300,000
      4,728 SF

      Secluded Estate on 10 Acres

      Spacious 4,700+ sq ft home on a secluded 10-acre property.
      906 Valle Vista Dr, Athens, TX 75751
      View Details
    • $594,900
      2,565 SF

      Spanish-Inspired Home on Picturesque Acreage

      Custom home on 5 acres near Athens, Texas.
      8414 Cr 3907, Athens, TX 75752
      View Details
    • $8,250,000
      9,299 SF

      Texas Ranch Retreat with Lakes

      191-acre ranch with a 9,299 sqft residence and multiple amenities.
      6700 Valley View Dr, Athens, TX 75752
      View Details
    • $3,795,000
      3,920 SF

      Texas Estate with Private Lake

      73.48-acre estate with lake, event venue, and luxury residence.
      450 Loop South, Athens, TX 75751
      View Details
    • New
      $999,000
      2,174 SF

      76+ Acres with Two Homes

      76+ acres with two homes near Athens, Texas.
      12703 Fm 59, Athens, TX 75751
      View Details
    • $1,500,000
      3,280 SF

      Turnkey Horse Facility in Athens

      Renovated ranch on 16 acres with equestrian facilities.
      5900 County Road 3704, Athens, TX 75752
      View Details
    • New
      $999,000
      2,174 SF

      76.34 Acres with Two Homes

      76.34 acres with two homes near Athens, Texas.
      12703 Fm 59, Athens, TX 75751
      View Details

    FAQs

    What type of property is this?
    Land - 10.82 acres of land for sale in Athens, Texas.
    Where is this land located?
    The property is located at Commons Dr Athens, TX.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Location: -95.84323, 32.165676
    (903) 340-6218
    Request Owner's contact information
    Commons Dr Athens, TX 75751
    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.
    Commons Dr
    Athens, TX 75751
    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
    Commons Dr Athens, TX 75751
    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

    We can help!
    Listing Contact
    Angela Wagoner
    Angela Wagoner
    Real Estate License ID: 0629869
    (903) 340-6218 (903) 675-3373
    Learn more
    Google sign-in failed. Please try again or use another login method.