Building Details

Year built 1920

Buildings 1

Listing Agency: Steve Grant Real Estate, LLC. Show Phone

Listed By: Steve Grant · License #0247804 Show Phone

Added: Oct 29 Last Checked: Oct 31 at 11:06AM

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MLS# 113612

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.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 11,832-square-foot, two-story mixed-use property combines an open commercial floor with two residential suites on the upper level. The ground-floor layout offers flexible space, while a dedicated parking lot serves the property. Built in 1920, the building sits on a 0.2358-acre parcel and carries Commercial zoning from the City of Athens.

Located in downtown Athens at 108 E Larkin St, the property brings commercial and residential space together in one building.

Key Highlights

• 11,832 square feet across two stories
• Two residential suites on the upper floor
• Open commercial layout on the first floor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,046

Cap Rate

6.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$780,920 $780.9K

Cap Rate 7%

$557,800 $557.8K

Cap Rate 9%

$433,844 $433.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,832 SF

Gross rent

$71.0K $6.00/SF

− Vacancy

−$8.5K −$0.72/SF

EGI

$62.5K $5.28/SF

− OpEx

−$23.4K −$1.98/SF

NOI

$39.0K $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 Rate 5%

$780,920

Cap Rate 7%

$557,800

Cap Rate 9%

$433,844

Alternative Uses

Best Use

Retail

$2.32M

$2.03M – $2.71M (±1% cap)

NOI $162,328 @ 7.0% cap · market cap 25.97%

Second Best

Mixed Use

$557.8K

$488.1K – $650.8K (±1% cap)

NOI $39,046 @ 7.0% cap · market cap 6.25%

Theoretical Best

Office A

$4.16M

$3.64M – $4.86M (±1% cap)

NOI $291,351 @ 7.0% cap · market cap 46.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Dental Office Skin Care Clinic Real Estate Agency Gym & Fitness Center Storage Facility Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

782

Businesses Nearby

51k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 57% Shops & Services 24% Apparel 11% Electronics 6%

Taco Bell Dining

17,318 visits/mo 0.3 miles

Cinnabon Dining

4,645 visits/mo 0.4 miles

O'Reilly Auto Parts Shops & Services

3,858 visits/mo 0.5 miles

Goodwill Apparel

3,195 visits/mo 0.4 miles

Little Caesars Pizza Dining

3,191 visits/mo 0.5 miles

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 Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - An open commercial floor occupies the first level, with two residential suites above.

Where is this mixed-use property located?

The property is located at 108 E Larkin St Athens, TX.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: 11,832 square feet across two stories; Two residential suites on the upper floor; Open commercial layout on the first floor