Retail Building on Major
For Sale
$1,500,000
414 E Tyler St, Athens, TX 75751
Retail building on a 0.64-acre lot with substantial road frontage along Hwy 31 in Athens, TX.
Property Size5,750 SF
Lot Size0.64 Acres
Price / SF$260.87
Days on Market102
Property Features for 414 E Tyler St
General Information
Standard status
Active
Size
5,750 SF
Lot size
0.64 Acres
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,439
Listing Agency:
LPT Realty LLC.
Listed By:
Justin Miller
(903) 330-1241
Source:
Exprealty
Added: Jul 13
Changed: Oct 13
Last Checked: Oct 20 at 9:41PM
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 LPT Realty LLC.
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Investment Insights
Based on property information with market context.
This 5,750-square-foot retail building sits on a 0.64-acre lot and is positioned for high visibility with extensive road frontage along Hwy 31. The property offers a commercial site suited to retail occupancy and customer-serving uses.
Located at 414 E Tyler St in Athens, TX, the site is directly across from a cluster of established restaurants, retail stores, and other customer-focused businesses. Nearby and within walking distance of key local businesses such as Bacon Chevrolet, Brookshire’s, Chili’s, McCalister’s Deli, Braum’s, and others, the location supports foot traffic in addition to highway exposure.
Located at 414 E Tyler St in Athens, TX, the site is directly across from a cluster of established restaurants, retail stores, and other customer-focused businesses. Nearby and within walking distance of key local businesses such as Bacon Chevrolet, Brookshire’s, Chili’s, McCalister’s Deli, Braum’s, and others, the location supports foot traffic in addition to highway exposure.
Key Highlights
- 5,750 SF retail building on a 0.64‑acre lot in Athens, TX
- Substantial road frontage along Hwy 31
- Located on Hwy 31 across from established restaurants and retail stores
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,886
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,577,720
$1.6M
Cap Rate 7%
$1,126,943
$1.1M
Cap Rate 9%
$876,511
$876.5K
Market Conditions
NOI Build-Up for 5,750 SF
Gross rent
$115.2K $20.04/SF
− Vacancy
−$2.5K −$0.44/SF
EGI
$112.7K $19.60/SF
− OpEx
−$33.8K −$5.88/SF
NOI
$78.9K $13.72/SF
Area
Henderson County, TX
Vacancy
2.20%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,577,720
Cap Rate 7%
$1,126,943
Cap Rate 9%
$876,511
Alternative Uses
Best Use
Retail
$1.13M
$986.1K – $1.31M
NOI $78,886 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,588 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
62k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 44%
Electronics 3%
Taco Bell
Dining
17,318 visits/mo
0.3 miles
Exxon
Shops & Services
12,106 visits/mo
0.5 miles
Dollar General
Shops & Services
6,825 visits/mo
0.5 miles
Cinnabon
Dining
4,645 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
3,858 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail building on a 0.64-acre lot with substantial road frontage along Hwy 31 in Athens, TX.
Where is this retail space located?
The property is located at 414 E Tyler St Athens, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,750 SF retail building on a 0.64‑acre lot in Athens, TX; Substantial road frontage along Hwy 31; Located on Hwy 31 across from established restaurants and retail stores
