Established Retail Location in
407 E Tyler Street Athens, TX 75751
407 E Tyler Street, Athens, TX, 75751
$389,000
For Sale
$389,000
Retail location with warehouse space near downtown Athens, Texas.
Property Size6,720 SF
Price / SF$57.89
Days on Market91
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 Updated: Jul 10 at 1:19PM 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
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 | $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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Always in Bloom
(Bike/Boat/Book/etc) Store
KC Party Supply ...
Party Supply Store
Similar For Sale Nearby
Similar Off Market Nearby
- KC Party Supply & Always In Bloom — 407 E Tyler St, Athens, TX 75751
FAQs
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
