Established Retail Location in
For Sale
$389,000
407 E Tyler Street, Athens, TX 75751
Retail location with warehouse space near downtown Athens, Texas.
Property Size6,720 SF
Price / SF$57.89
Days on Market101
Property Features for 407 E Tyler Street
General Information
Standard status
Active
Size
6,720 SF
Property subtype
Commercial
Building Details
Year Built
1977
Listing Agency:
Echols Real Estate Assoc. LLC
(903) 681-4429
Listed By:
Jason Echols · License #0428648
(903) 681-4429
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 17 at 8:09AM
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 established retail location is situated on E. Tyler Street in Athens, Texas, near downtown, between the post office and Bacon Auto Ranch. The property is currently configured for a floral shop and party store. It features approximately 6,720 square feet, including 5,500 square feet of heated and cooled space and over 1,200 square feet of warehouse space. The layout includes ample storage, work areas, and multiple private offices, offering various configuration possibilities. Fixtures are negotiable with the sale.
Key Highlights
- Prime retail location on E. Tyler St. near downtown, post office, and Bacon Auto Ranch
- Large space: Approximately 6,720 sf total with 5,500 sf heated and cooled
- Includes 1,200+ sf of warehouse space
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 | $54.8k | $8.16 |
| − Vacancy | −$5.0k | −$0.74 |
| EGI | $49.8k | $7.42 |
| − OpEx | −$15.0k | −$2.23 |
| NOI | $34.9k | $5.19 |
6,720 SF · lease $8.16/SF/yr · vacancy 9.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.32M
$1.15M – $1.54M
NOI $92,194 @ 7.0% cap · market cap 23.70%
Second Best
Warehouse
$597.9K
$523.2K – $697.6K
NOI $41,856 @ 7.0% cap · market cap 10.76%
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,473 @ 7.0% cap · market cap 42.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Balanced
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.
Similar Off Market Nearby
- KC Party Supply & Always In Bloom — 407 E Tyler St, Athens, TX 75751
Frequently Asked Questions
What type of property is this?
Storefront property - Retail location with warehouse space near downtown Athens, Texas.
Where is this storefront property located?
The property is located at 407 E Tyler Street Athens, TX.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Prime retail location on E. Tyler St. near downtown, post office, and Bacon Auto Ranch; Large space: Approximately 6,720 sf total with 5,500 sf heated and cooled; Includes 1,200+ sf of warehouse space
