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Commercial Building Near Highway 31

100 McCaleb Street Athens, TX 75751

Claim this Listing
For Sale
$179,500

Commercial building with office and warehouse space near Hwy 31.

Type:Commercial
Property size:
1,500 SF
Price / SF:
$119.67/SF
Added:
Apr 22, 2026
Days on Market:
84
Last Refresh:
Jun 25 at 9:48 pm

Property Features for 100 McCaleb Street

General Information

Standard status
Active
Size
1,500 SF
Property subtype
Commercial

Building Details

Year Built
1983

Listing office Keller Williams Realty Athens

Listing date Apr 22, 2026

Source Signaturere

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Athens


Investment Insights

Based on property information with market context.

This commercial building is located off Hwy 31 West. The property is currently occupied by Wainwright Construction. It includes approximately 600 square feet of office space equipped with electricity, gas, and water. Additionally, there is approximately 900 square feet of warehouse space. The layout is suitable for various business needs.

Key Highlights

  • Convenient location just off Hwy 31 West in Athens, TX
  • Versatile layout suitable for a variety of business needs
  • Includes approximately 600 sq. ft. of office space

Local Financial Insights For Flex RnD

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 $27.0k $18.00
− Vacancy −$2.7k −$1.80
EGI $24.3k $16.20
− OpEx −$8.5k −$5.67
NOI $15.8k $10.53
1,500 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 35.00%

Alternative Uses

Best Use
Office B
$358.4K
$313.6K – $418.2K (±1% cap)
NOI $25,091 @ 7.0% cap · market cap 13.98%
Second Best
Flex RnD
$225.6K
$197.4K – $263.3K (±1% cap)
NOI $15,795 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$527.7K
$461.7K – $615.6K (±1% cap)
NOI $36,936 @ 7.0% cap · market cap 20.58%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Gillert Gas Co Gas Company Wainright Construction General Contractor

Suggested Use

Real Estate Agency Dental Office Grocery & Convenience Store Gym & Fitness Center Bakery Nail Salon Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Carpet & Flooring Store Spa & Massage Center

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

FAQs

What type of property is this?
Flex space - Commercial building with office and warehouse space near Hwy 31.
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: Convenient location just off Hwy 31 West in Athens, TX; Versatile layout suitable for a variety of business needs; Includes approximately **600 sq. ft. of office space**
Contact an agent
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