Office Condominium with Front
For Sale
$200,000
4216 N Interstate 35, Denton, TX 76207
SINGLE_FAMILY - Denton, TX
Property Size1,152 SF
Lot Size0.03 Acres
Price / SF$173.61
Days on Market27
Property Features for 4216 N Interstate 35
General Information
Property type
Residential
Property subtype
Office
Zoning description
R7
Subdivision
Greenway Plaza
Directions
From I-35 Exit University Dr and head North on the I-35 Frontage Rd. Turn Right on Thunderbird Dr. Turn Right on Colonial Dr. The property is on the Right.
Standard status
Active
APN
R118368
Lot size
0.03 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Number of units
1
Flooring type
Carpet, Vinyl
Building materials
Brick
Roof type
Shingle
Listing Agency:
Keller Williams Realty
(940) 484-9411
Listed By:
SEVRI TJANDRAMULIA · License #0554257
(940) 484-9411
Added: Jul 14
Changed: Aug 5
Last Checked: Aug 9 at 12:06PM
MLS# 21160699
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.
Office condominium within the Greenway Plaza Office complex on the I-35 Frontage Road. Built in 1985 with brick construction, the unit offers 1,152 square feet of office space arranged with a welcoming front lobby, a spacious common area with a sink and cabinets, three office rooms, and two restrooms. Flooring includes vinyl and carpet, with central heating and central air conditioning.
The condo is situated on the I-35 Frontage Road and is described as being near shopping and dining options close to University Drive. Public water and public sewer service are listed.
This layout supports a range of professional and medical office uses, with multiple private rooms plus a shared reception/common area and restroom facilities.
The condo is situated on the I-35 Frontage Road and is described as being near shopping and dining options close to University Drive. Public water and public sewer service are listed.
This layout supports a range of professional and medical office uses, with multiple private rooms plus a shared reception/common area and restroom facilities.
Key Highlights
- 1,152 SF office condominium within Greenway Plaza Office complex
- Three office rooms plus two restrooms
- Front lobby and a common area with a sink and cabinets
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
$18,079
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
9.04%
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%
$361,580
$361.6K
Cap Rate 7%
$258,271
$258.3K
Cap Rate 9%
$200,878
$200.9K
Market Conditions
NOI Build-Up for 1,152 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
$31.1K $27.00/SF
− Vacancy
−$7.0K −$6.08/SF
EGI
$24.1K $20.93/SF
− OpEx
−$6.0K −$5.23/SF
NOI
$18.1K $15.69/SF
Area
Denton, TX
Vacancy
22.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
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%
$361,580
Cap Rate 7%
$258,271
Cap Rate 9%
$200,878
Alternative Uses
Best Use
Office B
$258.3K
$226.0K – $301.3K
NOI $18,079 @ 7.0% cap · market cap 9.04%
Second Best
Healthcare Medical
$239.9K
$210.0K – $279.9K
NOI $16,796 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$359.9K
$314.9K – $419.9K
NOI $25,195 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 76207, TX
16,097
Population
7,657
Households
2.1
Avg Household Size
41
Median Age
45%
College-Educated
93%
High-School Grad
40.3 sq mi
ZIP Area
399
Density / Sq Mi
$91,026
Median Household Income
$41,830
Median Earnings
$1,654
Median Rent
$361,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office condo in Greenway Plaza Office complex with central HVAC, lobby, three offices, and two restrooms.
Where is this office units located?
The property is located at 4216 N Interstate 35 Denton, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,152 SF office condominium within Greenway Plaza Office complex; Three office rooms plus two restrooms; Front lobby and a common area with a sink and cabinets
