Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    520 S Armstrong Ave Denison, TX 75020

    Sponsored
    For Lease
    $3,500 /Mo ($1.84 SF/Yr)

    Business - Denison, TX

    Type:Business
    Property size:
    3,204 SF
    Lot size:
    0.53 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 20 at 11:06 pm

    Property Features for 520 S Armstrong Ave

    General Information

    Property type
    Other
    Property subtype
    Business
    Standard status
    Active
    APN
    145987
    Parking features
    Carport, Garage, Open, Workshop
    Size
    3,204 SF
    Lot size
    0.53 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Multi Units, Window Unit(s)

    Building Details

    Year built
    1975
    Flooring type
    Carpet, Concrete, Tile, Tile - Ceramic, Vinyl
    Building materials
    Brick, Metal Siding
    Roof type
    Composition, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Tommi Sue Homuth

    Tracy Realty (903) 786-3115

    Listing agent Tommi Sue Homuth (903) 786-3115 License #0623240

    Listing date Jan 16, 2026

    MLS# 21151270 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

    Denison Commercial Property with Warehouses

    Located on Armstrong Avenue in Denison, Texas, this commercial property includes three buildings situated on over half an acre (0.525 acres) of fenced and gated parking. The office building provides approximately 1,104 square feet of space, along with two restrooms and a breakroom. There are two separate warehouse buildings, both equipped with roll-up doors. The larger warehouse offers approximately 2,100 square feet and has electricity. The property is conveniently located near Downtown Denison, with quick access to Spur 503, HWY 75, and Texoma Parkway in just minutes. The property is suitable for business use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dent Direct | Auto ... Auto Dent Removal Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    A-Alpha Self Storage, AAA Storage

    Location Insight

    • Map
    • Local Demand
    City
    Denison
    County
    Grayson
    State
    Texas
    Longitude
    -96.545948
    Latitude
    33.75106

    Nearby Similar for Lease

    • $3,500 /Mo
      125,017 SF

      Denison Office with Natural Light

      Versatile office space with abundant natural light and unique features.
      1331 Memorial Dr, Denison, TX 75020
      View Details
    • $5,000 /Mo
      131,638 SF

      Denison Warehouse with Updated Offices

      Spacious warehouse with updated offices and excellent access.
      130 W Crawford St, Denison, TX 75021
      View Details
    • $14 SF/Yr
      3,000 SF

      Historic Restaurant Space in Denison

      Restored restaurant space in historic downtown Denison, Texas.
      120 W Main St, Denison, TX 75021
      View Details
    • $4,500 /Mo
      6,011 SF

      Retail Space in Historic Downtown

      Spacious retail property in Denison's historic downtown area.
      511-513 W Main St, Denison, TX 75020
      View Details
    • $9 SF/Yr
      19,200 SF

      Updated Retail/Office Space in Denison

      Recently updated retail/office space in downtown Denison, ready for business.
      714 W Chestnut St W, Denison, TX 75020
      View Details
    • $1,800 /Mo
      6,490 SF

      Denison Office Space For Rent

      Move-in ready office space in a high-traffic Denison location.
      1110 S Armstrong Ave, Denison, TX 75020
      View Details
    • $3,000 /Mo
      30,928 SF

      Restaurant with Drive-Up Window

      Equipped restaurant with drive-up in growing Denison, Texas.
      1525 W Morton St, Denison, TX 75020
      View Details
    • $1,500 /Mo
      3,001 SF

      Restaurant/Retail Space in Denison, TX

      Restaurant/retail space with vent hood and outdoor dining potential.
      409 W Main St, Denison, TX 75020
      View Details
    • $2,000 /Mo
      2,614 SF

      Retail Space on Historic Main

      Prime retail space in Denison's Historic Downtown on Main Street.
      210 W Main St, Denison, TX 75020
      View Details
    • $4,000 /Mo
      8,159 SF

      Turnkey Retail Location in Denison

      High-visibility retail space on a high-traffic corner in Denison.
      130 W Woodard St, Denison, TX 75020
      View Details
    • $1,800 /Mo
      6,490 SF

      Updated Office Space in Denison

      Recently renovated office space for lease in Denison's downtown.
      205 W Gandy St, Denison, TX 75020
      View Details
    • New
      $3,300 /Mo
      26,136 SF

      Denison Flex Space For Lease

      Flex commercial space in a rapidly growing Denison market.
      4737 N State Highway 91, Denison, TX 75020
      View Details

    FAQs

    What type of property is this?
    Warehouse - Commercial property in Denison, TX, featuring office and warehouse space.
    Where is this warehouse located?
    The property is located at 520 S Armstrong Ave Denison, TX.
    What is the lease rate?
    The lease rate is $1.84 SF/Yr.
    What are key features of this property?
    This property features: - Three buildings on over half an acre of fenced and gated parking.; - Two separate warehouse buildings with roll-up doors; larger warehouse (approx. 2,100 sq ft) has electricity.; - Office space includes two restrooms, a breakroom, and approximately 1,104 square feet.
    (903) 786-3115
    Request Owner's contact information
    520 S Armstrong Ave Denison, TX 75020
    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.
    520 S Armstrong Ave
    Denison, TX 75020
    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
    520 S Armstrong Ave Denison, TX 75020
    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
    Tommi Sue Homuth
    Real Estate License ID: 0623240
    (903) 786-3115
    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.