Established Retail Location in
For Sale
$389,000
407 E Tyler Street, Athens, TX 75751
Retail property with warehouse space, storage, and private offices.
Property Size6,720 SF
Lot Size0.58 Acres
Price / SF$57.89
Days on Market689
Property Features for 407 E Tyler Street
General Information
Standard status
Active
Size
6,720 SF
Lot size
0.58 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1977
Listing Agency:
Echols Real Estate Assoc. LLC
(903) 681-4429
Listed By:
Jason Echols · License #0428648
(903) 681-4429
Source:
Exitrealty
Added: Sep 26, 2024
Changed: Aug 9
Last Checked: Apr 6 at 3:18AM
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 Echols Real Estate Assoc. LLC
Investment Insights
Based on property information with market context.
This established retail location is situated on E. Tyler Street in Athens, near downtown and between the post office and Bacon Auto Ranch. The property is currently configured for a floral shop and party store. It features approximately 6,720 square feet, including 5,500 square feet of heated and cooled space and over 1,200 square feet of warehouse space. The layout includes ample storage, work areas, and multiple private offices, offering various configuration possibilities. Fixtures are negotiable with the sale. The property is suitable for retail and warehouse use.
Key Highlights
- Excellent, well‑established retail location on E. Tyler St. near downtown Athens.
- Large space: Approximately 6,720 sf total, including 5,500 sf of heated and cooled retail space.
- Includes 1,200+ sf of warehouse space.
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
$34,892
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
8.97%
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%
$697,840
$697.8K
Cap Rate 7%
$498,457
$498.5K
Cap Rate 9%
$387,689
$387.7K
Market Conditions
NOI Build-Up for 6,720 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
$54.8K $8.16/SF
− Vacancy
−$5.0K −$0.74/SF
EGI
$49.8K $7.42/SF
− OpEx
−$15.0K −$2.23/SF
NOI
$34.9K $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%
$697,840
Cap Rate 7%
$498,457
Cap Rate 9%
$387,689
Alternative Uses
Best Use
Retail
$1.32M
$1.15M – $1.54M
NOI $92,194 @ 7.0% cap · market cap 23.70%
Second Best
Warehouse
$597.9K
$523.2K – $697.6K
NOI $41,856 @ 7.0% cap · market cap 10.76%
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,473 @ 7.0% cap · market cap 42.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- KC Party Supply & Always In Bloom — 407 E Tyler St, Athens, TX 75751
Frequently Asked Questions
What type of property is this?
Storefront property - Retail property with warehouse space, storage, and private offices.
Where is this storefront property located?
The property is located at 407 E Tyler Street Athens, TX.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Excellent, well‑established retail location on E. Tyler St. near downtown Athens.; Large space: Approximately 6,720 sf total, including **5,500 sf of heated and cooled retail space.**; Includes 1,200+ sf of warehouse space.
