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    Flex Space Building with Office/Warehouse Title is generated by Realmo AI

    100 Mccaleb Street, Athens, TX 75751

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    Claim this Listing
    For Sale
    $179,500

    SINGLE_FAMILY - Athens, TX

    Type:Retail
    Property size:
    1,500 SF
    Lot size:
    0.61 Acres
    Price / SF:
    $119/SF
    Added:
    Apr 6, 2026
    Days on Market:
    61
    Last Refresh:
    Jun 5 at 11:06 pm

    Property Features for 100 Mccaleb Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking features
    Driveway
    Standard status
    Active
    APN
    07820200000001
    Lot size
    0.61 Acres

    Taxes and HOA fees

    Tax Description
    AB 782 T PARMER SUR, TR 20 (RE:LT 6H)
    Tax Annual Amount
    1086

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Electric
    Water source
    Public

    Building Details

    Year built
    1983
    Floors in Building
    1
    Number of units
    1
    Building materials
    AluminumSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Bradford Rummel

    Listing agent Bradford Rummel License #0422393

    Listing office Keller Williams Realty Athens Athens, TX

    Listing date Apr 6, 2026

    MLS# 21044931

    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.

    HighLights

    • 1983‑built commercial building at 100 McCaleb Street in Athens, TX
    • Approximately 600 SF office space plus approximately 900 SF warehouse space
    • Currently occupied by Wainwright Construction
    • Utilities include electricity, gas, and water; public water and public sewer
    • Metal roof with aluminum siding
    • Central electric heating; electric cooling with ceiling fans; driveway parking

    Overview

    This established commercial building offers a combined office and warehouse setup, currently occupied by Wainwright Construction. The property includes approximately 600 square feet of office space with electricity, gas, and water, plus an additional approximately 900 square feet of warehouse space. The layout supports day-to-day business needs that require both administrative space and practical storage or work area in one location.

    Conveniently located at 100 McCaleb Street in Athens, Texas, the building sits just off Highway 31 West, providing straightforward access for employees, deliveries, and visitors. With the property already configured for mixed use, it can be a manageable option for owners or tenants looking to move in without starting from scratch.

    For buyers, the current configuration makes the asset well-suited to contractors, small manufacturers, trades, or other operators who benefit from having office functionality alongside a warehouse area. For tenants, the blend of office utilities and warehouse space can accommodate a range of flex-style operations, depending on business requirements and desired occupancy plan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gillert Gas Co Gas Company Wainright Construction General Contractor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Henderson
    State
    Texas
    Longitude
    -95.872446
    Latitude
    32.202509

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    FAQs

    What type of property is this?
    Flex space - Office and warehouse space in an established commercial building with utilities in place for a variety of business uses.
    Where is this flex space located?
    The property is located at 100 Mccaleb Street Athens, TX.
    What is the asking price?
    The asking price for this property is $179,500.
    What are key features of this property?
    This property features: 1983‑built commercial building at 100 McCaleb Street in Athens, TX; Approximately 600 SF office space plus approximately 900 SF warehouse space; Currently occupied by Wainwright Construction
    (903) 658-8848
    We can help!
    Listing Contact
    Bradford Rummel
    Real Estate License ID: 0422393
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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
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