Historic Flex Property with Event
For Sale
$525,000
307 E Larkin Street, Athens, TX 75751
Multi-entry commercial asset with restored interiors, a truck scale, and fenced outdoor improvements.
Property Size3,300 SF
Days on Market43
Property Features for 307 E Larkin Street
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Commercial
Zoning
Comm
Site & Location
Road Access
Yes
Fenced Yard
Yes
Amenities
vaulted ceiling
large sliding doors
restored concrete floors
original full size truck scale with 5ft scale dial
shaded front porch area
large bay door
restored backyard greenspace
newly fenced in backyard
large shade trees
separate garden tunnel entrance
vendor gates
performance stage
sound booth
Building Details
Building Size
3,300 SF
Year Built
1932
Stories
1
Units
1
Construction
steel beam structure
Listing Agency:
Echols Real Estate Assoc. LLC
(903) 681-7017
Listed By:
Russell Richardson · License #0617556
(903) 681-7017
Source:
Fullhouserealtytx
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 30 at 5:31PM
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 3,300-square-foot flex property at 307 E Larkin St in Athens includes a distinctive industrial building with a vaulted ceiling, steel framing, restored concrete floors, and large sliding doors. The improvements also include a full-size truck scale with a 5-foot dial, a covered front porch, and a bay door opening to the rear grounds.
The property fronts three city streets and offers multiple points of entry. Its fenced outdoor area covers approximately one acre and includes mature shade trees, a garden-tunnel entrance, vendor gates, a performance stage, and a sound booth. The site is positioned near downtown Athens and approximately 73 miles southeast of Dallas.
The property fronts three city streets and offers multiple points of entry. Its fenced outdoor area covers approximately one acre and includes mature shade trees, a garden-tunnel entrance, vendor gates, a performance stage, and a sound booth. The site is positioned near downtown Athens and approximately 73 miles southeast of Dallas.
Key Highlights
- 3,300 SF flex property at 307 E Larkin St, Athens, TX 75751
- Frontage along three city streets with multiple entrances
- Approximately one acre of fenced rear greenspace
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
$34,749
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
6.62%
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%
$694,980
$695.0K
Cap Rate 7%
$496,414
$496.4K
Cap Rate 9%
$386,100
$386.1K
Market Conditions
NOI Build-Up for 3,300 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
$59.4K $18.00/SF
− Vacancy
−$5.9K −$1.80/SF
EGI
$53.5K $16.20/SF
− OpEx
−$18.7K −$5.67/SF
NOI
$34.7K $10.53/SF
Area
Henderson County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$694,980
Cap Rate 7%
$496,414
Cap Rate 9%
$386,100
Alternative Uses
Best Use
Flex RnD
$496.4K
$434.4K – $579.2K
NOI $34,749 @ 7.0% cap · market cap 6.62%
Second Best
Industrial
$244.8K
$214.2K – $285.6K
NOI $17,134 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,259 @ 7.0% cap · market cap 15.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
Under-served
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.
Frequently Asked Questions
What type of property is this?
Flex space - Multi-entry commercial asset with restored interiors, a truck scale, and fenced outdoor improvements.
Where is this flex space located?
The property is located at 307 E Larkin Street Athens, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,300 SF flex property at 307 E Larkin St, Athens, TX 75751; Frontage along three city streets with multiple entrances; Approximately one acre of fenced rear greenspace
