Automotive Shop with Garage
For Sale
$270,000
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$93.75
Days on Market50
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
Building Details
Year Built
9999
Listing Agency:
Ultima Real Estate
(972) 980-9393
Listed By:
Sylvia Briette · License #0532572
Source:
Minteerteam
Added: Jul 13
Changed: Aug 28
Last Checked: Aug 30 at 8:37PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,954
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 14.63%
Second Best
Flex RnD
$433.2K
$379.1K – $505.4K
NOI $30,326 @ 7.0% cap · market cap 11.23%
Theoretical Best
Office A
$1.01M
$886.5K – $1.18M
NOI $70,917 @ 7.0% cap · market cap 26.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $270,000.
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
