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    Athens, TX Acreage with Residence Title is generated by Realmo AI

    4905 FM 2709, Athens, TX 75752

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    For Sale
    $145,000

    Acreage W/Res, Doublewide - Athens, TX

    Type:Mobile Home
    Property size:
    1,344 SF
    Lot size:
    3.11 Acres
    Price / SF:
    $107/SF
    Added:
    May 13, 2026
    Days on Market:
    5
    Last Refresh:
    May 17 at 4:06 am

    Property Features for 4905 FM 2709

    General Information

    Property type
    Land
    Property subtype
    Mobile Home
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Patio and Porch features
    Deck
    Interior features
    Washer/Dryer Connection, Electric Water Heater
    Exterior features
    Decks, Storage Building, Residence(s)
    Appliances
    Dishwasher, Microwave, Range, Washer
    Standard status
    Active
    APN
    0770.0090.0000.00
    Size
    1,344 SF
    Lot size
    3.11 Acres

    Utilities

    Utilities
    Electricity Available, Water Available
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1983
    Building materials
    Aluminum Siding
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Residence, Storage

    We can help!

    Listing Contact
    Patricia McGuffey

    Listing agent Patricia McGuffey

    Listing office Steve Grant Real Estate, LLC. 406 E Corsicana St # 350, ATHENS, TX

    Listing date May 13, 2026

    MLS# 112859 Listing URL

    Copyright © 2026 Henderson County Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3.112 acre lot in Henderson County
    • Includes a 20'x40' storage building and two smaller storage buildings
    • All appliances included (Dishwasher, Microwave, Range, Washer, Dryer)
    • 3 bedroom, 2 bath home
    • Front porch with ramp and enclosed back porch
    • Metal roof

    Overview

    Located in Henderson County, this property offers country living on 3.112 acres. The property includes a 1,344 square foot residence built in 1983, featuring 3 bedrooms and 2 bathrooms. The home is described as being in good condition. Exterior features include a front porch with a ramp and an enclosed back porch. All appliances are included in the sale, including a washer and dryer. There is a 20'x40' (approximately) storage building, along with two smaller storage buildings. The land is enhanced by mature trees, with wooded areas at the back of the property. A survey plat is available. The property is part of an estate and is being sold AS-IS.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $106.7K
    NOI $9,601 @ 9.00% cap · cautious / downside scenario
    Moderate
    $137.2K
    NOI $9,601 @ 7.00% cap · market / base-case scenario
    Aggressive
    $192.0K
    NOI $9,601 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $19.8k $14.76
    − Vacancy −$2.4k −$1.77
    EGI $17.5k $12.99
    − OpEx −$7.9k −$5.84
    NOI $9.6k $7.14
    1,344 SF · lease $14.76/SF/yr · vacancy 12.00% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $137.2K
    $120.0K – $160.0K (±1% cap)
    NOI $9,601 @ 7.0% cap · market cap 6.62%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $472.8K
    $413.7K – $551.6K (±1% cap)
    NOI $33,095 @ 7.0% cap · market cap 22.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Big Box & Wholesale Store Auto Repair Shop Electronics & Wireless Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Henderson
    State
    Texas
    Longitude
    -95.859825
    Latitude
    32.30665

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    FAQs

    What type of property is this?
    Single family property - 3.112 acre property with a 1983 residence.
    Where is this single family property located?
    The property is located at 4905 FM 2709 Athens, TX.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: 3.112 acre lot in Henderson County; Includes a 20'x40' **storage building** and two smaller storage buildings; All appliances included (Dishwasher, Microwave, Range, Washer, Dryer)
    (903) 681-3530
    We can help!
    Listing Contact
    Patricia McGuffey
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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