82,500 SF Industrial
For Sale
Contact for pricing
4161 County Rd 3911, Athens, TX
82,500 SF industrial facility outside city limits with development potential.
Property Size82,500 SF
Lot Size8.44 Acres
Price / SF$59.39
Days on Market1362
Property Features for 4161 County Rd 3911
General Information
Standard status
Active
Size
82,500 SF
Lot size
8.44 Acres
Property subtype
INDUSTRIAL
Listing Agency:
NAI Robert Lynn-Dallas
(214) 256-7100
Listed By:
Robert Render · License #748915
(214) 256-7154
Source:
Moodyscre
Added: Jan 30, 2023
Changed: Oct 16
Last Checked: Oct 20 at 11:51PM
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 NAI Robert Lynn-Dallas
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Investment Insights
Based on property information with market context.
This 82,500 SF industrial facility includes 40,000 SF in the front and 42,500 SF in the back. An additional 1,500 SF storage building features 2 roll-up doors. The property is situated outside Athens city limits on a 7-acre parcel, offering room for additional development. The front building includes + 1,500 SF of air-conditioned office space. The facility features a wrought iron fenced employee picnic area with a lighted pavilion, tables, and benches. The building has a 22’ clear height in the center and 16’ on the sides, with LED lights throughout the space. It is equipped with 3-phase 480-amp electrical service, 34 car parking spaces, 5 dock-high doors, and 3 roll-up doors. The property benefits from low county taxes and no zoning requirements, with easy access to I-20 and Hwy 175.
Key Highlights
- Large Industrial Space: 82,500 SF total
- Outside City Limits with Development Potential on 7 acres
- Low Taxes and No Zoning restrictions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$428,357
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,567,140
$8.6M
Cap Rate 7%
$6,119,386
$6.1M
Cap Rate 9%
$4,759,522
$4.8M
Market Conditions
NOI Build-Up for 82,500 SF
Gross rent
$673.2K $8.16/SF
− Vacancy
−$61.3K −$0.74/SF
EGI
$611.9K $7.42/SF
− OpEx
−$183.6K −$2.23/SF
NOI
$428.4K $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%
$8,567,140
Cap Rate 7%
$6,119,386
Cap Rate 9%
$4,759,522
Alternative Uses
Best Use
Warehouse
$7.34M
$6.42M – $8.56M
NOI $513,854 @ 7.0% cap · market cap 10.49%
Second Best
Industrial
$6.12M
$5.35M – $7.14M
NOI $428,357 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$29.02M
$25.39M – $33.86M
NOI $2,031,480 @ 7.0% cap · market cap 41.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - 82,500 SF industrial facility outside city limits with development potential.
Where is this warehouse located?
The property is located at 4161 County Rd 3911 Athens, TX.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Large Industrial Space: 82,500 SF total; Outside City Limits with Development Potential on 7 acres; Low Taxes and No Zoning restrictions
