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    102 Gray St Henderson, TX 75652

    For Sale
    $295,000

    Office, Warehouse & Apartments, $295k

    Property size:
    5,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This unique Henderson, TX property offers a compelling mixed-use investment opportunity. Located on the west edge of downtown, it combines a 5,200 square foot office/warehouse with two efficiency apartments (600 and 700 square feet each). The office/warehouse, currently owner-occupied by a local construction company, features old hardwood floors, a reception area, two private offices, a breakroom, and a warehouse section with semi-dock loading via a roll-up door. The apartments, each with a bathroom and kitchen, share a common laundry room. A second roll-up door, currently used as garage parking for one apartment, offers additional semi-dock loading potential. Situated on a 0.26-acre lot at 102 Gray St, 75652, this property presents an ideal owner-user scenario with income potential from the apartments, or a strong investment opportunity for leasing the entire space. The property's location in a vibrant downtown area also allows for potential short-term rentals to visitors. This three-tenant property offers a blend of commercial and residential uses in a desirable East Texas location.

    Property Features for 102 Gray St

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,200 SF
    Lot Size
    11,326 SF

    Building Details

    Units
    3

    HighLights

    • $295,000 asking price.
    • Mixed‑use property: 5,200 square feet, including office/warehouse and two efficiency apartments.
    • Three tenants currently occupy the property.
    • Located on 0.26 acres in downtown Henderson, TX (75652).
    • Property features include a warehouse with roll‑up doors and two apartments (600 SF and 700 SF each).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kenneth Orr Construction Construction Company

    Suggested Use

    Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Skin Care Clinic Auto Repair Shop Wholesale Shop Auto Parts Store Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Rusk
    State
    Texas
    Longitude
    -94.820727630272
    Latitude
    32.150856951033

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    FAQs

    What type of property is this?
    Multifamily property - Office, Warehouse & Apartments, $295k
    Where is this multifamily property located?
    The property is located at 102 Gray St Henderson, TX.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: $295,000 asking price.; Mixed-use property: 5,200 square feet, including office/warehouse and two efficiency apartments.; Three tenants currently occupy the property.
    Request Owner's contact information
    102 Gray St Henderson, TX 75652
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    Henderson, TX 75652
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    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    102 Gray St Henderson, TX 75652
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