Church/Flex/Industrial Building and
6467 FM2494 Athens, TX 75751
For Sale
Contact for pricing
44,300 SF building on approximately 5.23 acres in Athens.
Property Size44,300 SF
Lot Size5.23 Acres
Price / SF$89.16
Days on Market624
Property Features for 6467 FM2494
General Information
- Standard status
- Active
- Size
- 44,300 SF
- Lot size
- 5.23 Acres
- Property subtype
- Industrial, Mixed Use, Special Purpose
Listing Agency:
Landbridge Commercial Properties
(903) 561-9527
Listed By:
Don E. Carroll · License #TX 0426883
Source:
Crexi
Added: Nov 7, 2024
Changed: Jul 10
Last Checked: Jul 23 at 8:37AM
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 Landbridge Commercial Properties
Investment Insights
Based on property information with market context.
This property includes a church, flex, and industrial building situated on approximately 5.23 acres. The building has approximately 44,300 square feet of space distributed across two floors. The property is located in Athens, Texas, which is positioned on US Hwy 31, State Hwy 19, and Hwy 175. Athens is 36 miles west of Tyler, 34 miles north of Palestine, and 68 miles southeast of Dallas, and 24 miles south of I-20. The location provides connectivity to middle and East Texas via federal, state, and county roads. It is approximately an hour's drive from the 5th largest metroplex in the U.S. The nearest commercial airport is located in Tyler, Smith County, Texas.
Key Highlights
- Approx. 44,300 sq ft building
- Approx. 5.23 acre land area
- Flex/Industrial/Church Property Type
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 | $361.5k | $8.16 |
| − Vacancy | −$32.9k | −$0.74 |
| EGI | $328.6k | $7.42 |
| − OpEx | −$98.6k | −$2.23 |
| NOI | $230.0k | $5.19 |
44,300 SF · lease $8.16/SF/yr · vacancy 9.10% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$6.66M
$5.83M – $7.77M
NOI $466,479 @ 7.0% cap · market cap 11.81%
Second Best
Industrial
$3.29M
$2.88M – $3.83M
NOI $230,015 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$15.58M
$13.64M – $18.18M
NOI $1,090,843 @ 7.0% cap · market cap 27.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dogwood Church
Church
FAQs
What type of property is this?
Church & religious facility - 44,300 SF building on approximately 5.23 acres in Athens.
Where is this church & religious facility located?
The property is located at 6467 FM2494 Athens, TX.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Approx. 44,300 sq ft building; Approx. 5.23 acre land area; Flex/Industrial/Church Property Type
