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    1111 Tyler St Athens, TX 75751

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    For Lease
    Contact for pricing

    Texas Retail Space Available

    Lot size:
    98,882 SF

    Property Features for 1111 Tyler St

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    98,882 SF
    Class
    C
    Total Rate
    70041.42

    Building Details

    Year Built
    1983
    Stories
    1

    Spaces For Lease

    at 1111 Tyler St, Athens, TX 75751 Contact us
    Unit Suite 109

    $12 /Mo

    Size
    2,910 SF
    Contact us
    Unit Former Beall's

    $8 /Mo

    Size
    35,800 SF
    Contact us
    Unit Suite 115

    $12 /Mo

    Size
    1,500 SF
    Contact us

    We can help!

    Listing Contact
    Don E. Carroll
    Don E. Carroll

    Listing Agency: Landbridge Commercial Properties Listing Agent: Don E. Carroll

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This 98,882 square foot, single-story retail center in Athens, Texas, offers multiple suites ranging from 1,275 to 35,800 contiguous square feet. Currently, 44,335 square feet are vacant, presenting a significant opportunity for expansion or new tenancy. Located on a 10.988-acre lot at 1111 E Tyler St, 75751, the property boasts 300 parking spaces, high visibility, and pylon signage. Built in 1983, this Class C center benefits from a prime location on a main traffic corridor with high traffic counts (approximately 17,645 vehicles per day in 2020, per TxDOT). The property is professionally managed, and 2023 NNN expenses are estimated at $2.80 per square foot. Strong neighboring businesses include Walmart, Brookshire's, Starbucks, and several restaurants and retailers. The property is zoned commercial and features a mix of office and box retail spaces. The minimum divisible space is 1,275 square feet. Taxes are $0.81 per square foot. This is an excellent opportunity to establish or expand a business in a thriving area of Athens.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wooddry Water Damage ... Hardware & Home Improvement Healthline Medical Supply Store Athens Village Shopping ... Shopping Center & Mall Rent-A-Center Furniture & Home Goods Snap Fitness Athens Gym & Fitness Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Henderson
    State
    Texas
    Longitude
    -95.8343123
    Latitude
    32.2071426

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    FAQs

    What type of property is this?
    Retail property - Texas Retail Space Available
    Where is this retail property located?
    The property is located at 1111 Tyler St Athens, TX.
    What is the lease rate?
    The lease rate is $8-$12 SF/Yr.
    (903) 561-9527 Call to check price and availability
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    1111 Tyler St Athens, TX 75751
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    Athens, TX 75751
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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.

    More about this property
    1111 Tyler St Athens, TX 75751
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Don E. Carroll
    Don E. Carroll
    Real Estate License ID: 0426883
    (903) 561-9527
    Learn more
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