Flex Building with Warehouse
For Sale
$695,000
1704 Rocky Ridge Rd, Athens, TX 75751
Commercial Sale, Athens, TX
Property Size8,400 SF
Lot Size5.02 Acres
Price / SF$82.74
Days on Market50
Property Features for 1704 Rocky Ridge Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
com
Subdivision
Henderson
Standard status
Active
APN
0019.1840.0000.01
Size
8,400 SF
Lot size
5.02 Acres
Taxes and HOA fees
Tax Description
AB 19 JB Atwood Sur. Tr. 184
Legal Description
AB 19 JB Atwood Sur. Tr. 184
Amenities
private offices
restrooms
break room
kitchenette
overhead doors
Building Details
Year built
1973
Listing Agency:
Keller Williams Realty - Athens
(903) 658-8848
Listed By:
Brad Rummel · License #0422393
(903) 681-3347
Added: Aug 25
Last Checked: Oct 13 at 4:06AM
MLS# 113348
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.
Investment Insights
Based on property information with market context.
This flex property combines 2,400 square feet of heated and cooled office area with 6,000 square feet of warehouse space. The office component includes multiple private offices, four restrooms, a break room, and a kitchenette. Warehouse improvements include four overhead doors for moving equipment, inventory, or materials in and out of the building. Constructed in 1973, the property contains 8,400 square feet on 5.02 acres and carries com zoning.
The offering includes the real estate only; businesses operating from the property are excluded from the sale. The building is occupied, and property tours must be arranged during business hours without disrupting business activity.
The offering includes the real estate only; businesses operating from the property are excluded from the sale. The building is occupied, and property tours must be arranged during business hours without disrupting business activity.
Key Highlights
- 8,400‑square‑foot commercial building on 5.02 acres
- 2,400 square feet of heated and cooled office space
- 6,000 square feet of warehouse area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,320
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,400
$1.0M
Cap Rate 7%
$747,429
$747.4K
Cap Rate 9%
$581,333
$581.3K
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$68.5K $8.16/SF
− Vacancy
−$7.0K −$0.83/SF
EGI
$61.6K $7.33/SF
− OpEx
−$9.2K −$1.10/SF
NOI
$52.3K $6.23/SF
Area
Henderson County, TX
Vacancy
10.20%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,400
Cap Rate 7%
$747,429
Cap Rate 9%
$581,333
Alternative Uses
Best Use
Office B
$2.01M
$1.76M – $2.34M
NOI $140,507 @ 7.0% cap · market cap 20.22%
Second Best
Flex RnD
$1.26M
$1.11M – $1.47M
NOI $88,452 @ 7.0% cap · market cap 12.73%
Theoretical Best
Office A
$2.95M
$2.59M – $3.45M
NOI $206,842 @ 7.0% cap · market cap 29.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Combined office and warehouse improvements support administrative functions, storage, equipment, and ongoing commercial operations.
Where is this flex space located?
The property is located at 1704 Rocky Ridge Rd Athens, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 8,400‑square‑foot commercial building on 5.02 acres; 2,400 square feet of heated and cooled office space; 6,000 square feet of warehouse area
