Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail and Office Space Lease Title is generated by Realmo AI

    220 Crestway Drive, Athens, TX 75751

    View on Map
    Claim this Listing
    For Lease
    $3,800 /Mo

    COMMERCIAL - Athens, TX

    Type:Retail
    Added:
    Jan 6, 2026
    Days on Market:
    148
    Last Refresh:
    Jun 3 at 2:06 am

    Property Features for 220 Crestway Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    APN
    0171.0910.0A00.01

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    2008
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Brick, Stucco
    Roof type
    Metal

    We can help!

    Listing Contact
    Julie Stewart

    Listing agent Julie Stewart License #0391806

    Listing office Stewart & McGee Real Estate Athens, TX

    Listing date Jan 6, 2026

    MLS# 21144284

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercial lease in Athens, TX with space suitable for retail, office, or restaurant use
    • Built in 2008; brick and stucco exterior with concrete flooring
    • Metal roof; public water and public sewer
    • Electric heating with central air cooling
    • Some build‑out required to customize the space for the tenant’s needs

    Overview

    This commercial lease opportunity in Athens Town Center offers flexible space suitable for retail, office, or restaurant use. The property is set up as a storefront-style offering, and some build-out will be required to bring the space to the tenant’s specific operational needs.

    Situated in a high-traffic corridor with strong visibility, the location is positioned to support walk-in and drive-by exposure. The surrounding business presence can provide a convenient environment for day-to-day customer and client activity, while the town center setting helps maintain steady commercial momentum.

    Because the space can support multiple use types, it may appeal to operators looking for customization rather than a fully finished footprint. Retail concepts, professional offices, and restaurant users can benefit from the ability to tailor the layout during build-out. For tenants who want a visible location and room to shape improvements, this is a practical option—call for details on configuration, requirements, and next steps.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Henderson
    State
    Texas
    Longitude
    -95.839426
    Latitude
    32.203629

    Nearby Similar for Lease

    • $3,500/Mo
      3,240 SF

      Remodeled Commercial Building in Athens

      Updated commercial building suitable for retail or business use.
      8560 HWY 19 S, Athens, TX 75751
      View Details
    • $2,900/Mo
      4,990 SF

      Prime Downtown Retail/Office Space

      Versatile retail or office space in Athens Town Square.
      117 E Tyler St, Athens, TX 75751
      View Details
    • $24,820 SF/Yr

      Industrial Flex Production Building

      Industrial building with production work area and office, easy access, and note that central heat and air isn’t included for warehouse areas.
      1411 Flat Creek Road, Athens, TX 75751
      View Details
    • $375/Mo
      125 SF

      Office Suite in Athens, TX

      Private office suite available for rent in Athens, Texas.
      217 N Palestine St, Athens, TX 75751
      View Details
    • $2,500/Mo

      Retail Space for Lease

      Flexible retail space available for lease in a central Athens, TX location.
      610 E Tyler Street, Athens, TX 75751
      View Details
    • $4,000/Mo

      New Metal Warehouse with 4 Bay Doors

      New metal warehouse features four ground-level bay doors for straightforward loading and flexible business use.
      3001 SW LOOP 7, Athens, TX 75751
      View Details
    • $1,850/Mo

      Flex Auto/Service Retail Space

      Versatile flex layout currently set up as a tire shop, with reception, private rooms, and storage bay doors.
      807 W Corsicana Street, Athens, TX 75751
      View Details
    • $24,820 SF/Yr
      62,695 SF

      Industrial Building with Office Space

      62,695 SF industrial building with production and office areas.
      1411 Flat Creek, Athens, TX 75751
      View Details
    • $3,800/Mo
      3,000 SF

      Versatile Commercial Space in Athens

      Commercial space for lease suitable for retail, office, or restaurant.
      220 Crestway Drive, Athens, TX 75751
      View Details
    • $4,000/Mo
      4,000 SF

      New Metal Building For Lease

      New metal building with bay doors outside city limits.
      3001 SW Loop 7, Athens, TX 75751
      View Details
    • $2,500/Mo
      2,000 SF

      Office Space For Rent

      2000 sqft office space available for rent.
      610 E Tyler Street, Athens, TX 75751
      View Details
    • $24,820 SF/Yr
      62,695 SF

      Industrial Building with Office Space

      Industrial building featuring production area and office, easy access.
      1411 Flat Creek Road, Athens, TX 75751
      View Details

    FAQs

    What type of property is this?
    Storefront property - Flexible storefront space suited for retail, office, or restaurant use in a high-visibility corridor.
    Where is this storefront property located?
    The property is located at 220 Crestway Drive Athens, TX.
    What is the lease rate?
    The lease rate is $3,800 /Mo.
    What are key features of this property?
    This property features: Commercial lease in Athens, TX with space suitable for retail, office, or restaurant use; Built in 2008; brick and stucco exterior with concrete flooring; Metal roof; public water and public sewer
    (903) 368-2277
    We can help!
    Listing Contact
    Julie Stewart
    Real Estate License ID: 0391806
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    220 Crestway Drive, Athens, TX 75751
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!