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    Denton Office Space for Lease Title is generated by Realmo AI

    5101 E University Drive, Denton, TX 76208

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    Claim this Listing
    For Lease
    $2.00 SF/Yr

    Office - Denton, TX

    Type:Office
    Lot size:
    5.22 Acres
    Added:
    Jun 16, 2025
    Days on Market:
    335
    Last Refresh:
    May 16 at 5:06 pm

    Property Features for 5101 E University Drive

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking features
    Assigned, Carport, Covered, Open, Oversized, Unassigned
    Standard status
    Active
    APN
    R647986
    Lot size
    5.22 Acres

    Utilities

    Heating system
    Geothermal (Heating), Heat Pump (Heating), Propane (Heating), Zoned (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric, Geothermal, Heat Pump, Zoned

    Building Details

    Year built
    2003
    Flooring type
    Carpet, Concrete, Laminate, Marble, Other, Tile, Tile - Ceramic, Vinyl, Wood
    Building materials
    Concrete
    Roof type
    Concrete, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Lesly Louis

    Listing agent Lesly Louis License #0739030

    Listing office House Brokerage 702 Houston St, Arlington, TX

    Listing date Jun 16, 2025

    MLS# 20971649 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.

    HighLights

    • Excellent Highway 380 location for high business visibility.
    • Class A building with geothermal heating and air conditioning.
    • Ample parking with covered spaces for approximately 60 vehicles.
    • 100' communication tower and Tektronix sign with neon & marquis.
    • Decorative stamped concrete entrance and hard surface parking lot & driveways.
    • Ready for immediate move‑in.

    Overview

    This Class A office building, located in Denton, TX, offers approximately 2,700 square feet of total leasable space and is ready for immediate move-in. The property features decorative stamped concrete at the entrance and includes a 100' communication tower. A Tektronix sign with neon and marquis is present. The parking lot and driveways are constructed of hard surface materials, accommodating approximately 60 vehicles, with covered parking and awnings available. The building is equipped with geothermal heating and air. Situated on a 5.22-acre lot, the property provides excellent visibility on HWY 380, making it a prime location for business. A one-year lease term is available. The property may be suitable for a studio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Patterson Services Inc General Contractor Studio 5101 Film Production Jossi Lu House ... Pet Grooming Service Tasha's Salon LLC Hair Salon Texas Animal Control ... Animal Shelter

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Hotel & Motel Auto Repair Shop Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.0506684
    Latitude
    33.2393063

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    FAQs

    What type of property is this?
    Office building - Class A office building with geothermal heating and excellent highway visibility.
    Where is this office building located?
    The property is located at 5101 E University Drive Denton, TX.
    What is the lease rate?
    The lease rate is $2.00 SF/Yr.
    What are key features of this property?
    This property features: Excellent Highway 380 location for **high business visibility**.; Class A building with geothermal heating and air conditioning.; Ample parking with covered spaces for approximately 60 vehicles.
    (817) 718-2202
    We can help!
    Listing Contact
    Lesly Louis
    Real Estate License ID: 0739030
    Learn More
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    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.

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    5101 E University Drive, Denton, TX 76208
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