209 S Palestine St Athens, TX 75751
COMMERCIAL - Athens, TX
Property Features for 209 S Palestine St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Com
- Standard status
- Active
- APN
- 2050.0019.005A.01
- Size
- 9,100 SF
- Lot size
- 0.58 Acres
Taxes and HOA fees
- Tax Description
- Athens Old Town Blk. 19 Lts. 5A,6A & 7A
Listing agent Brad Rummel License #0422393 (903) 681-3347
Listing office Keller Williams Realty - Athens 1206 S. Palestine, Athens, TX (903) 658-8848
Listing date Feb 13, 2025
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.
Key Highlights
- Prime downtown Athens location with high visibility.
- Versatile space suitable for retail, service, or industrial use.
- Total of 9,100 SF of usable space.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.3k | $8.16 |
| − Vacancy | −$6.8k | −$0.74 |
| EGI | $67.5k | $7.42 |
| − OpEx | −$20.2k | −$2.23 |
| NOI | $47.2k | $5.19 |