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$331,537

NAL Estimated Property Value

508 S Palestine St, Athens, TX, 75751

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths2,436 Sq Ft
Year BuiltBuilt in 1990

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available
FlooringConcrete

Exterior

Lot Size22,216 sqft

Building Information

Year Built1980
Garage Spaces70

Land Information

APN2050-0066-011C-01
Lot Number11C
SubdivisionAthens O T (1332)
Land UseCommercial
Legal DescriptionAB 782 T PARMER SUR, ATHENS O T, BLK 66 LT 11C
Census Tract951300
Assessed Land Value$66,648
Assessed Improvement Value$264,889
Assessment Year2025

About this property

Established car wash located on Highway 19 South in Athens. Great location with approx. 208 ft of highway frontage and one of the highest traffic counts in Athens. Includes 6 wash bays and 6 vacuum bays with all the amenities including vacuum, shampoo and scent, full vending and two cash-change machines. Currently includes additional monthly lease revenue from Twice The Ice kiosk sitting on the corner of the property and annual lease revenue for billboard. Includes an 8 camera surveillance system. Call Sam Deen for additional details. Seller open to yearly triple net lease as well. Lease details negotiable.

Investor Tools

Property Icon
$331,537
Estimated Property Value
$272,156Estimated Mortgage Balance
$59,381Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,989 /month
Positive
Cash Flow Estimate:
$663 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$651/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,155
$331,537
2025
$66,648
$264,889
$331,537
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,155
$331,537

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City National Bank Of Sulphur Springs
Open End Mortgage / Open End With Future Advance Clause
$138,735
No
First
Feb 18, 2022
Feb 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$272,156
$59,381
17%
82%
$1,708/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Athens

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508 S Palestine St | Property Details | No Agent List