Versatile Automotive Retail
For Sale
$250,000
807 W Corsicana Street, Athens, TX 75751
Tire shop property with reception, private rooms, and storage with garage bay doors on a nearly quarter-acre lot.
Property Size2,880 SF
Lot Size0.25 Acres
Price / SF$86.81
Days on Market112
Property Features for 807 W Corsicana Street
General Information
Standard status
Active
Size
2,880 SF
Lot size
0.25 Acres
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
2,880 SF
Year Built
9999
Stories
1
Units
1
Listing Agency:
Ultima Real Estate
(972) 980-9393
Listed By:
Sylvia Briette · License #0532572
(469) 685-4469
Source:
Signaturere
Added: Apr 25
Changed: Aug 7
Last Checked: Aug 13 at 12:20PM
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 Ultima Real Estate
Investment Insights
Based on property information with market context.
This versatile commercial building is currently operating as a tire shop and offers a flexible layout for a variety of uses. The interior includes a reception area, a full bathroom, and several private rooms that can be configured to fit different needs. Storage is available with garage bay doors, providing direct utility for automotive or similar operations. Cameras convey with the property.
The property is positioned for visibility and is located across the street from a gas station near other busy businesses. The site sits on nearly a quarter-acre lot.
Owner financing is available. The property is identified as having flexible zoning that supports a wide range of uses, including office, automotive, industrial, or retail.
The property is positioned for visibility and is located across the street from a gas station near other busy businesses. The site sits on nearly a quarter-acre lot.
Owner financing is available. The property is identified as having flexible zoning that supports a wide range of uses, including office, automotive, industrial, or retail.
Key Highlights
- High‑visibility commercial property currently operating as a tire shop
- Nearly quarter‑acre lot with a flexible layout including reception area and full bathroom
- Storage area includes garage bay doors, plus several private rooms for customizable use
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
$14,954
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
5.98%
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%
$299,080
$299.1K
Cap Rate 7%
$213,629
$213.6K
Cap Rate 9%
$166,156
$166.2K
Market Conditions
NOI Build-Up for 2,880 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
$23.5K $8.16/SF
− Vacancy
−$2.1K −$0.74/SF
EGI
$21.4K $7.42/SF
− OpEx
−$6.4K −$2.23/SF
NOI
$15.0K $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%
$299,080
Cap Rate 7%
$213,629
Cap Rate 9%
$166,156
Alternative Uses
Best Use
Retail
$564.5K
$493.9K – $658.5K
NOI $39,512 @ 7.0% cap · market cap 15.80%
Second Best
Industrial
$213.6K
$186.9K – $249.2K
NOI $14,954 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$1.01M
$886.5K – $1.18M
NOI $70,917 @ 7.0% cap · market cap 28.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
90k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 28%
Apparel 6%
Home Improvements & Furnishings 3%
Braum's Ice Cream & Dairy Stores
Dining
24,929 visits/mo
0.4 miles
Taco Bell
Dining
17,318 visits/mo
0.1 miles
Exxon
Shops & Services
12,106 visits/mo
0.4 miles
Family Dollar
Shops & Services
6,605 visits/mo
0.4 miles
Cinnabon
Dining
4,645 visits/mo
0.2 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Tire shop property with reception, private rooms, and storage with garage bay doors on a nearly quarter-acre lot.
Where is this auto shop located?
The property is located at 807 W Corsicana Street Athens, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: High‑visibility commercial property currently operating as a tire shop; Nearly quarter‑acre lot with a flexible layout including reception area and full bathroom; Storage area includes garage bay doors, plus several private rooms for customizable use
