Brick Flex
For Sale
$259,000
406 Lindsey Lane, Athens, TX 75751
CommercialSale, Athens, TX
Property Size2,710 SF
Lot Size0.51 Acres
Price / SF$95.57
Days on Market171
Property Features for 406 Lindsey Lane
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
RETAIL
Subdivision
Park Hlnds Sub
Directions
FROM DOWNTOWN ATHENS: GO SOUTH ON HWY 19 (S. PALESTINE ST), TURN LEFT ONTO E. BRYSON AVE, RIGHT ONTO LINDSEY LANE. PROPERTY WILL BE ON YOUR RIGHT.
Standard status
Active
APN
37600010015001
Lot size
0.51 Acres
Taxes and HOA fees
Tax Description
AB 782 T PARMER SUR, PARK HIGHLANDS, BLK 10 L
Tax Annual Amount
2830
Legal Description
AB 782 T PARMER SUR, PARK HIGHLANDS, BLK 10 L
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Central Air, Electric
Water source
Public
Building Details
Floors in Building
1
Number of units
1
Flooring type
Concrete, Combination
Building materials
Brick
Roof type
Composition
Buildings
1
Listing Agency:
Steve Grant Realty LLC
Listed By:
Trish Mcguffey
(903) 675-3503
Added: May 15
Changed: Oct 26
Last Checked: Nov 1 at 11:06PM
MLS# 21271685
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.
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Investment Insights
Based on property information with market context.
This brick flex-space building contains 2,710 square feet on a 0.505-acre parcel. Interior finishes include a combination of flooring types, including concrete, providing a straightforward base for reconfiguration. The property is currently zoned for retail use, with potential layouts described for salon, office, retail, or warehouse applications.
Central electric heating and cooling serve the building, supplemented by ceiling fans. Public water and public sewer are available, and the roof is constructed with composition materials. The property is located in Athens, Texas, at 406 Lindsey Lane.
Central electric heating and cooling serve the building, supplemented by ceiling fans. Public water and public sewer are available, and the roof is constructed with composition materials. The property is located in Athens, Texas, at 406 Lindsey Lane.
Key Highlights
- 2,710‑square‑foot brick building
- 0.505‑acre parcel
- Currently zoned for retail use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,071
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,420
$281.4K
Cap Rate 7%
$201,014
$201.0K
Cap Rate 9%
$156,344
$156.3K
Market Conditions
NOI Build-Up for 2,710 SF
Gross rent
$22.1K $8.16/SF
− Vacancy
−$2.0K −$0.74/SF
EGI
$20.1K $7.42/SF
− OpEx
−$6.0K −$2.23/SF
NOI
$14.1K $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 Rate 5%
$281,420
Cap Rate 7%
$201,014
Cap Rate 9%
$156,344
Alternative Uses
Best Use
Retail
$531.1K
$464.8K – $619.7K
NOI $37,180 @ 7.0% cap · market cap 14.36%
Second Best
Flex RnD
$407.7K
$356.7K – $475.6K
NOI $28,536 @ 7.0% cap · market cap 11.02%
Theoretical Best
Office A
$953.3K
$834.1K – $1.11M
NOI $66,731 @ 7.0% cap · market cap 25.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Currently zoned for retail use with central heating and cooling.
Where is this flex space located?
The property is located at 406 Lindsey Lane Athens, TX.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 2,710‑square‑foot brick building; 0.505‑acre parcel; Currently zoned for retail use
