Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2605 E Mckinney St Denton, TX 76209

    Sponsored
    For Sale
    $1,390,000

    Improved Land - Denton, TX

    Lot size:
    3.77 Acres
    Days on Market:
    167
    Last Refresh:
    Jan 24 at 8:06 pm

    Property Features for 2605 E Mckinney St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R35397
    Lot size
    3.77 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Venkat Tulluri

    ReKonnection (972) 333-7559

    Listing agent Venkat Tulluri (972) 914-0989 License #0808407

    Listing date Aug 11, 2025

    MLS# 21028156 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Multifamily Land in High-Growth Area

    This 3.77-acre tract is located in a high-growth area and is fully entitled and zoned for multifamily development. Approved plans are in place for 29 townhomes, making it suitable for a build-to-rent community or individual unit sales. The site is shovel-ready and situated in a thriving, high-demand corridor with strong surrounding development activity. The property is located in Denton, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.101837
    Latitude
    33.215117

    Nearby Similar for Sale

    • $6,400,000
      6.11 Acres

      Denton Retail Investment Opportunity

      Bank-owned retail center in Denton, TX with value-add potential.
      1431-1437 E Mckinney St, Denton, TX 76209
      View Details
    • $739,900
      0.19 Acres

      New Denton Duplex Ready Now

      New construction duplex near universities and retail, investor-friendly community.
      409-411 Saddle Ln, Denton, TX 76205
      View Details
    • $1,500,000
      0.48 Acres

      Multifamily Units Near University of North Texas

      Eight units near UNT, perfect for students or professionals.
      1303 Fannin St, Denton, TX 76201
      View Details
    • $470,000
      0.20 Acres

      Spacious Duplex Near Cooper Creek Trail

      Remodeled duplex with modern amenities, close to colleges and park.
      701-705 Wolftrap Dr, Denton, TX 76209
      View Details
    • $900,000
      0.10 Acres

      Denton, TX Quadruplex For Sale

      Leased out quadruplex near Strickland Middle School in Denton, TX.
      544-550 E Windsor St, Denton, TX 76209
      View Details
    • $515,000
      0.79 Acres

      Commercial Property Near Guyer High

      Commercial property zoned SC - Suburban Corridor, suitable for various uses.
      5702 Teasley Ln, Denton, TX 76210
      View Details
    • $739,900
      0.17 Acres

      New Denton Duplex Ready Now

      New construction duplex near UNT and TWU, investor-friendly community.
      501-503 S Mockingbird Ln, Denton, TX 76205
      View Details
    • $495,000
      0.24 Acres

      Denton Commercial Building with Parking

      Turn-key, updated commercial building in the heart of Denton, Texas.
      1005 N Elm St, Denton, TX 76201
      View Details
    • $575,000
      0.24 Acres

      Denton Duplex with Upgrades

      Upgraded duplex near TWU and UNT, ideal for investors.
      2200 Bolivar St, Denton, TX 76201
      View Details
    • $699,900
      0.17 Acres

      Move-in Ready Denton Duplex

      New construction duplex near universities and retail.
      509-511 Mockingbird Ln, Denton, TX 76205
      View Details
    • $739,900
      0.17 Acres

      New Duplex Near Universities

      New construction duplex near UNT and TWU, investor-friendly community.
      3121-3123 Long Rope Ln, Denton, TX 76205
      View Details
    • $699,900
      0.19 Acres

      New Denton Duplex Ready Now

      New construction duplex near UNT and TWU, investor-friendly community.
      400-402 Trailhead Ln, Denton, TX 76205
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3.77-acre tract entitled for multifamily development in Denton, TX.
    Where is this residential land & home lot located?
    The property is located at 2605 E Mckinney St Denton, TX.
    What is the asking price?
    The asking price for this property is $1,390,000.
    What are key features of this property?
    This property features: - Fully entitled and zoned for multifamily development, ready for immediate construction.; - Approved plans for 29 townhomes, suitable for build-to-rent or individual sales.; - Located in a high-growth area with strong development activity.
    (972) 914-0989
    Request Owner's contact information
    2605 E Mckinney St Denton, TX 76209
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2605 E Mckinney St
    Denton, TX 76209
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2605 E Mckinney St Denton, TX 76209
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Venkat Tulluri
    Real Estate License ID: 0808407
    (972) 914-0989
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.