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Property profile & analytics
OFF-MARKET
Office Units
890 Corsicana St Athens, TX 75751-2224
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3856976
Property summary
AI-generated overview
This commercial property, situated just off the highway in Athens, TX, offers potential for customized business space. The 1.82-acre property benefits from direct access to a busy road, making it suitable for businesses that benefit from vehicle traffic. The location's exposure allows for attracting local customers and those passing through. The property includes one 800 square foot unit and one 2,500 square foot office, and is designed to allow for flexible building configurations to suit long-term goals.
Property profile
Verified
Property type
Office Units
Use group
COMMERCIAL (GENERAL)
Year built
1983
Total area
2,400 SF
APN
2050-0090-01DA-01
UPID
US82-3856976
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Madre's Lounge Hotel & Motel Resort
-
Santelli Chiropractic Clinic Alternative Medicine Practice
-
Santelli Betsy J DC Alternative Medicine Practice
-
A to Z Bail Bonds Law Firm
-
Insurance4u4Less.com Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bb Business Associates LLC · 5 yrs held
Bb Business Associates LLC
since 2020
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Athens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Athens submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$936
Tax year 2023
Assessed value
$43,298
Assessed 2023
Previous assessed
$43,298
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed improvement
$43,298
Improvement market value
$43,298
Total market value
$43,298
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Units
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1983
Heating
NONE
Total area
2,400 SF
APN
2050-0090-01DA-01
UPID
US82-3856976
Jurisdiction
HENDERSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Current owner
From public records · entity-resolved
Bb Business Associates LLC
Entity
Mailing address
116 US HWY 175TH W, ATHENS, TX 75751-4700
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2020
—
Bb Business Associates LLC
Maaz Properties LLC
Deed
$289,000 · Seacoast Commerce Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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