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    638 Londonderry Ln Denton, TX 76205

    Sponsored
    For Sale
    $849,000

    Office - Denton, TX

    Type:Office
    Property size:
    3,380 SF
    Lot size:
    0.19 Acres
    Days on Market:
    12
    Last Refresh:
    Jan 24 at 8:06 am

    Property Features for 638 Londonderry Ln

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    R122060
    Parking features
    Carport
    Size
    3,380 SF
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1976
    Flooring type
    Vinyl
    Building materials
    Stone, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Ryan Burks

    REAL T TEAM (940) 243-7653

    Listing agent Ryan Burks (940) 243-7368 License #0790768

    Listing date Jan 13, 2026

    MLS# 21153406 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

    Denton Office Building Near I-35

    This 3,380± square foot building, formerly a chiropractic office, is located at the signalized hard corner of Londonderry Lane and Teasley Lane in Denton, offering excellent visibility and accessibility less than a quarter mile from I-35. The property features a functional and flexible layout that includes a reception and waiting area, multiple bathrooms, multiple offices and exam rooms, private offices, and an open bullpen or treatment area. It is well suited for continued medical use or conversion to general office or select retail. The property offers ample surface parking and is situated within minutes of Medical City Denton and Texas Health Resources, Denton’s two major healthcare systems, further enhancing its appeal for healthcare and wellness-related users. The lot size is 0.185 acres. The previous owner saw over 150 patients per day at this location for many years before outgrowing the property and expanding their business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NT Chiropractic Clinic Chiropractor NT Chiropractic Clinic ... Chiropractor Christopher E. Bailey, ... Chiropractor Dr. Jon Bjarnason, ... Chiropractor Dr Chandler Pruitt ... Chiropractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.124975
    Latitude
    33.189712

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    FAQs

    What type of property is this?
    Medical office - Turnkey office building with excellent visibility and accessibility near I-35.
    Where is this medical office located?
    The property is located at 638 Londonderry Ln Denton, TX.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: - Prime location at a signalized hard corner of Londonderry Lane and Teasley Lane, with excellent visibility and accessibility.; - Less than a quarter mile from I-35, providing convenient access.; - Functional and flexible 3,380± square foot layout suitable for medical, general office, or select retail use.
    (940) 243-7638
    Request Owner's contact information
    638 Londonderry Ln Denton, TX 76205
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    Denton, TX 76205
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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.

    More about this property
    638 Londonderry Ln Denton, TX 76205
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    We can help!
    Listing Contact
    Ryan Burks
    Real Estate License ID: 0790768
    (940) 243-7638
    Learn more
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