Connected Mixed-Use
For Sale
$1,200,000
218 W Main Street, Denison, TX 75020
CommercialSale, Denison, TX
Property Size9,000 SF
Lot Size0.14 Acres
Price / SF$133.33
Days on Market82
Property Features for 218 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
First floor zoned commercial. Second floor loft zoned for both residential and/or commercial
Parking features
Assigned
Subdivision
Otp Denison
Directions
From U.S. Highway 75, take the Downtown Denison Morton Street exit and head east on Morton Street toward downtown. Continue straight into the downtown corridor, then turn right onto N Austin Ave. Take right onto Main Street, and the property located 2 blocks down on S side of Main St.
Standard status
Active
APN
143154
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
OTP DENISON, BLOCK 52, LOT 9 & 10, 50 X 120 6
Tax Annual Amount
12008
Legal Description
OTP DENISON, BLOCK 52, LOT 9 & 10, 50 X 120 6
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Concrete
Building materials
Brick, Concrete, Rock, Stone
Roof type
Metal
Listing Agency:
Bertholf Commercial Real Estate
(903) 267-1573
Listed By:
Evan Ramsey · License #845775-SA
(972) 565-5532
Added: Jun 23
Changed: Sep 7
Last Checked: Sep 12 at 12:06PM
MLS# 21261211
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.
Investment Insights
Based on property information with market context.
This mixed-use property comprises two connected brick, concrete, rock, and stone buildings with a combined restaurant and warehouse-oriented configuration. One portion has an open industrial-style interior, while the adjoining space includes a bar area, dining room, commercial kitchen, and two restrooms. An unfinished loft is positioned above the restaurant area and can support additional storage, office, event, or buildout needs. Hardwood and concrete flooring, central heating and cooling, and a metal roof are among the existing building features.
The property is located at 218 W Main Street in downtown Denison, within the 200 block of the Main Street corridor. Public water and public sewer serve the site, and assigned parking is provided. The buildings date to 1900 and occupy approximately 0.138 acres.
The property is located at 218 W Main Street in downtown Denison, within the 200 block of the Main Street corridor. Public water and public sewer serve the site, and assigned parking is provided. The buildings date to 1900 and occupy approximately 0.138 acres.
Key Highlights
- Two connected commercial buildings at 218 W Main Street, Denison
- Restaurant‑oriented area with bar, dining room, commercial kitchen, and two restrooms
- Open warehouse‑style area with industrial character
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,100
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,782,000
$1.8M
Cap Rate 7%
$1,272,857
$1.3M
Cap Rate 9%
$990,000
$990.0K
Market Conditions
NOI Build-Up for 9,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$162.0K $18.00/SF
− Vacancy
−$19.4K −$2.16/SF
EGI
$142.6K $15.84/SF
− OpEx
−$53.5K −$5.94/SF
NOI
$89.1K $9.90/SF
Area
Grayson County, TX
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,782,000
Cap Rate 7%
$1,272,857
Cap Rate 9%
$990,000
Alternative Uses
Best Use
Specialty Retail
$2.29M
$2.00M – $2.67M
NOI $160,056 @ 7.0% cap · market cap 13.34%
Second Best
Mixed Use
$1.27M
$1.11M – $1.49M
NOI $89,100 @ 7.0% cap · market cap 7.43%
Theoretical Best
Hotel Hospitality
$4.62M
$4.04M – $5.39M
NOI $323,190 @ 7.0% cap · market cap 26.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
Explore this area
Business Placement
Demographics for 75020, TX
23,782
Population
10,802
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
90%
High-School Grad
61.0 sq mi
ZIP Area
390
Density / Sq Mi
$66,308
Median Household Income
$38,656
Median Earnings
$1,136
Median Rent
$187,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two linked structures combine restaurant infrastructure, warehouse character, and an unfinished loft for flexible commercial use.
Where is this mixed-use property located?
The property is located at 218 W Main Street Denison, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two connected commercial buildings at 218 W Main Street, Denison; Restaurant‑oriented area with bar, dining room, commercial kitchen, and two restrooms; Open warehouse‑style area with industrial character
