Automotive Shop with Garage
For Sale
$250,000
807 W Corsicana St, Athens, TX 75751
Operating tire shop with reception, private rooms, storage, and on-site camera equipment.
Property Size2,880 SF
Lot Size0.25 Acres
Price / SF$86.81
Days on Market96
Property Features for 807 W Corsicana St
General Information
Standard status
Active
Size
2,880 SF
Lot size
0.25 Acres
Amenities
reception area
full bathroom
storage
garage bay doors
private rooms
cameras
Listing Agency:
Ultima Real Estate
Listed By:
Sylvia Briette · License #0532572
(972) 980-9393
Source:
Yourdavisteam
Added: Jul 13
Changed: Oct 7
Last Checked: Oct 7 at 1:32PM
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 Ultima Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This automotive property is currently operating as a tire shop and includes a reception area, full bathroom, storage space, garage bay doors, and several private rooms. The existing layout supports automotive operations while providing enclosed areas for administrative, storage, or other commercial functions. Cameras convey with the property.
The site is positioned across from a gas station and near other operating businesses on W Corsicana St in Athens. The property information describes zoning that accommodates office, automotive, industrial, and retail uses, giving the building a broader commercial profile beyond its current tire-shop operation.
The site is positioned across from a gas station and near other operating businesses on W Corsicana St in Athens. The property information describes zoning that accommodates office, automotive, industrial, and retail uses, giving the building a broader commercial profile beyond its current tire-shop operation.
Key Highlights
- Operating tire shop with reception area and full bathroom
- Storage area with garage bay doors
- Several private rooms within the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,954
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,080
$299.1K
Cap Rate 7%
$213,629
$213.6K
Cap Rate 9%
$166,156
$166.2K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$23.5K $8.16/SF
− Vacancy
−$2.1K −$0.74/SF
EGI
$21.4K $7.42/SF
− OpEx
−$6.4K −$2.23/SF
NOI
$15.0K $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%
$299,080
Cap Rate 7%
$213,629
Cap Rate 9%
$166,156
Alternative Uses
Best Use
Retail
$564.5K
$493.9K – $658.5K
NOI $39,512 @ 7.0% cap · market cap 15.80%
Second Best
Flex RnD
$433.2K
$379.1K – $505.4K
NOI $30,326 @ 7.0% cap · market cap 12.13%
Theoretical Best
Office A
$1.01M
$886.5K – $1.18M
NOI $70,917 @ 7.0% cap · market cap 28.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Vantage Diesel - Mobile Truck Repair Athens — 600 Lakeside Dr, Athens, TX 75751
- Sk8rPlatinum LLC — 210 Cherry Ln, Athens, TX 75751
- Grease Monkey — 406 S Palestine St, Athens, TX 75751
- Athen's Schedule's Auto Trim — athens, tx 75751
- Sundberg AutoGlass Co. — 112 N Palestine St, Athens, TX 75751
Frequently Asked Questions
What type of property is this?
Auto shop - Operating tire shop with reception, private rooms, storage, and on-site camera equipment.
Where is this auto shop located?
The property is located at 807 W Corsicana St Athens, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Operating tire shop with reception area and full bathroom; Storage area with garage bay doors; Several private rooms within the building
