82,500 SF Industrial
For Sale
Contact for pricing
4161 County Rd 3911, Athens, TX
82,500 SF industrial facility outside city limits with development potential.
Property Size82,500 SF
Lot Size8.44 Acres
Price / SF$59.39
Days on Market1316
Property Features for 4161 County Rd 3911
General Information
Standard status
Active
Size
82,500 SF
Lot size
8.44 Acres
Property subtype
INDUSTRIAL
Listing Agency:
NAI Robert Lynn-Dallas
(214) 256-7100
Listed By:
Robert Render · License #748915
(214) 256-7154
Source:
Moodyscre
Added: Jan 30, 2023
Changed: Aug 13
Last Checked: Sep 6 at 6:30AM
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 NAI Robert Lynn-Dallas
Investment Insights
Based on property information with market context.
This 82,500 SF industrial facility includes 40,000 SF in the front and 42,500 SF in the back. An additional 1,500 SF storage building features 2 roll-up doors. The property is situated outside Athens city limits on a 7-acre parcel, offering room for additional development. The front building includes + 1,500 SF of air-conditioned office space. The facility features a wrought iron fenced employee picnic area with a lighted pavilion, tables, and benches. The building has a 22’ clear height in the center and 16’ on the sides, with LED lights throughout the space. It is equipped with 3-phase 480-amp electrical service, 34 car parking spaces, 5 dock-high doors, and 3 roll-up doors. The property benefits from low county taxes and no zoning requirements, with easy access to I-20 and Hwy 175.
Key Highlights
- Large Industrial Space: 82,500 SF total
- Outside City Limits with Development Potential on 7 acres
- Low Taxes and No Zoning restrictions
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$428,357
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,567,140
$8.6M
Cap Rate 7%
$6,119,386
$6.1M
Cap Rate 9%
$4,759,522
$4.8M
Market Conditions
NOI Build-Up for 82,500 SF
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.
Gross rent
$673.2K $8.16/SF
− Vacancy
−$61.3K −$0.74/SF
EGI
$611.9K $7.42/SF
− OpEx
−$183.6K −$2.23/SF
NOI
$428.4K $5.19/SF
Area
Henderson County, TX
Vacancy
9.10%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,567,140
Cap Rate 7%
$6,119,386
Cap Rate 9%
$4,759,522
Alternative Uses
Best Use
Warehouse
$7.34M
$6.42M – $8.56M
NOI $513,854 @ 7.0% cap · market cap 10.49%
Second Best
Industrial
$6.12M
$5.35M – $7.14M
NOI $428,357 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$29.02M
$25.39M – $33.86M
NOI $2,031,480 @ 7.0% cap · market cap 41.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - 82,500 SF industrial facility outside city limits with development potential.
Where is this warehouse located?
The property is located at 4161 County Rd 3911 Athens, TX.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Large Industrial Space: 82,500 SF total; Outside City Limits with Development Potential on 7 acres; Low Taxes and No Zoning restrictions
