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    Auto Shop with Garage Storage Bays Title is generated by Realmo AI

    807 W Corsicana Street, Athens, TX 75751

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    Claim this Listing
    New
    For Sale
    $275,000

    COMMERCIAL - Athens, TX

    Lot size:
    0.24 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 11:06 pm

    Property Features for 807 W Corsicana Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage, Parking Lot, RV, Guest
    Standard status
    Active
    APN
    20500090002D01
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Description
    AB 782 T PARMER SUR, ATHENS O T, BLK 90 LT 2D
    Tax Annual Amount
    2357

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Ceiling Fan(s), Central Air, Electric
    Water source
    Public

    Building Details

    Floors in Building
    1
    Number of units
    1
    Flooring type
    Combination, Vinyl, Concrete
    Building materials
    AluminumSiding, Brick

    We can help!

    Listing Contact
    Sylvia Briette

    Listing agent Sylvia Briette License #0532572

    Listing office Ultima Real Estate Garland, TX

    Listing date Jun 5, 2026

    MLS# 21246505

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Nearly a quarter‑acre commercial property currently operating as a tire shop
    • High‑visibility site across the street from a gas station, near other busy businesses
    • Flexible zoning allows for a wide range of uses including office, automotive, industrial, or retail
    • Reception area plus full bathroom, storage, and several private rooms
    • On‑site storage with garage bay doors; parking includes garage, parking lot, RV, and guest spaces
    • Public water and public sewer; cameras convey

    Overview

    This property is currently operating as a tire shop and includes a reception area, a full bathroom, and several private rooms that can be used to support a variety of operations. Additional storage is provided with garage bay doors, and video cameras are included with the sale.

    The site sits on a nearly quarter-acre lot and is described as high-visibility. It is located near many other busy businesses and is across the street from a gas station, supporting day-to-day accessibility and visibility.

    With flexible zoning, the space is positioned to accommodate a wide range of uses, including office, automotive, industrial, or retail. For qualified buyers, owner financing is available, which may provide an alternative path to acquisition while continuing to operate the existing tire shop setup or adapting the interior rooms and storage configuration to a new use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Peak Rubber Company Factory

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Similar Places Nearby

    • Up and Going Auto — 304 W Tyler St, Athens, TX 75751
    • Vantage Diesel - Mobile Truck Repair Athens — 600 Lakeside Dr, Athens, TX 75751
    • Grease Monkey — 406 S Palestine St, Athens, TX 75751
    • Sk8rPlatinum LLC — 210 Cherry Ln, Athens, TX 75751
    • QUALITY TIRES & BRAKES — 305 W Corsicana St, Athens, TX 75751

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Henderson
    State
    Texas
    Longitude
    -95.870522
    Latitude
    32.203709

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    FAQs

    What type of property is this?
    Auto shop - Operating tire shop with reception, private rooms, and garage-bay storage, offering flexible zoning for multiple business types.
    Where is this auto shop located?
    The property is located at 807 W Corsicana Street Athens, TX.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Nearly a quarter‑acre commercial property currently operating as a tire shop; High‑visibility site across the street from a gas station, near other busy businesses; Flexible zoning allows for a wide range of uses including office, automotive, industrial, or retail
    (972) 675-2763
    We can help!
    Listing Contact
    Sylvia Briette
    Real Estate License ID: 0532572
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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.

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