Renovated Mixed-Use
New
For Sale
$575,000
7491 State Highway 19 S, Athens, TX 75751
Flexible commercial compound combining renovated residences, warehouse improvements, storage units, and direct State Highway 19 S exposure.
Days on Market2
Property Features for 7491 State Highway 19 S
General Information
Standard status
Active
Property subtype
Commercial
Zoning
unrestricted
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
5,000 SF
Self-Storage Units
13
Building Details
Building Size
13,700 SF
Year Built
1946
Buildings
5
Stories
1
Units
5
Construction
metal
Listing Agency:
Stewart & McGee Real Estate
(903) 292-3339
Listed By:
Danae Oglesby · License #0680162
(903) 292-3339
Source:
Cornerstonehomeandranch
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 2 at 6:02AM
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 Stewart & McGee Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property combines two renovated residences with more than 10,500 SF of commercial improvements. The commercial component includes a 5,000 SF metal warehouse with 20-foot sidewalls, a 4,000 SF metal building with drive-through access, roll-up bay doors, workshop space, and four individual storage units, plus a 1,500 SF building containing nine storage units. The improvements previously operated as a storage facility and can support continued storage operations, contractor bays, warehousing, equipment storage, or business headquarters uses, subject to applicable requirements.
The primary residence offers approximately 2,000 SF and was renovated in 2023. A separate 1,200 SF residence has its own entrance from State Highway 19 S. Both residences provide options for rental occupancy, employee housing, executive use, or live-work functionality. The property has frontage on State Highway 19 S with access to Loop 7, Athens, Tyler, Cedar Creek Lake, and East Texas markets. Zoning is unrestricted.
The primary residence offers approximately 2,000 SF and was renovated in 2023. A separate 1,200 SF residence has its own entrance from State Highway 19 S. Both residences provide options for rental occupancy, employee housing, executive use, or live-work functionality. The property has frontage on State Highway 19 S with access to Loop 7, Athens, Tyler, Cedar Creek Lake, and East Texas markets. Zoning is unrestricted.
Key Highlights
- More than 10,500 SF of commercial improvements across three metal buildings
- 5,000 SF warehouse with 20‑foot sidewalls
- 4,000 SF building with drive‑through access, roll‑up bay doors, workshop space, and 4 storage units
Financial Insights For Mixed Use
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 | $82.2k | $6.00 |
| − Vacancy | −$9.9k | −$0.72 |
| EGI | $72.3k | $5.28 |
| − OpEx | −$27.1k | −$1.98 |
| NOI | $45.2k | $3.30 |
13,700 SF · lease $6.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$3.27M
$2.86M – $3.82M
NOI $229,160 @ 7.0% cap · market cap 39.85%
Second Best
Warehouse
$1.22M
$1.07M – $1.42M
NOI $85,331 @ 7.0% cap · market cap 14.84%
Theoretical Best
Office A
$4.82M
$4.22M – $5.62M
NOI $337,349 @ 7.0% cap · market cap 58.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
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
Market
Properties on Market for Mixed-use properties in Henderson County
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial compound combining renovated residences, warehouse improvements, storage units, and direct State Highway 19 S exposure.
Where is this mixed-use property located?
The property is located at 7491 State Highway 19 S Athens, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: More than 10,500 SF of commercial improvements across three metal buildings; 5,000 SF warehouse with 20‑foot sidewalls; 4,000 SF building with drive‑through access, roll‑up bay doors, workshop space, and 4 storage units
