Remodeled Office Units with
New
For Sale
$199,000
1009 E Denman Avenue, Lufkin, TX 75901
Remodeled commercial office space includes a lobby, break area, and parking serving employees and visitors.
Property Size1,312 SF
Price / SF$151.68
Days on Market7
Property Features for 1009 E Denman Avenue
General Information
Standard status
Active
Size
1,312 SF
Property subtype
Commercial
Zoning
Commercial office or professional space
Building Details
Building Size
1,312 SF
Year Built
1933
Stories
1
Units
1
Listing Agency:
Grand Luxe Realty Co
(936) 238-9994
Listed By:
Brittinee Handy · License #0696153
(936) 238-9994
Source:
Cuddrealtyinc
Added: Aug 18
Changed: Aug 24
Last Checked: Aug 23 at 1:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grand Luxe Realty Co
Investment Insights
Based on property information with market context.
This commercial office property, built in 1933 and fully remodeled, provides three dedicated office areas arranged around a welcoming lobby. The layout also includes a full bathroom and a compact kitchen or break room for staff use. Front and rear parking areas support convenient access for both employees and visitors.
The property is located at 1009 E Denman Avenue in Lufkin, near businesses and schools. Zoning is identified for commercial office or professional space. The finished configuration is ready for immediate occupancy and offers a practical setting for a variety of business operations.
The property is located at 1009 E Denman Avenue in Lufkin, near businesses and schools. Zoning is identified for commercial office or professional space. The finished configuration is ready for immediate occupancy and offers a practical setting for a variety of business operations.
Key Highlights
- Three office areas with a welcoming lobby
- Fully remodeled commercial office property
- Full bathroom and small kitchen or break room
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
$16,974
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
8.53%
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%
$339,480
$339.5K
Cap Rate 7%
$242,486
$242.5K
Cap Rate 9%
$188,600
$188.6K
Market Conditions
NOI Build-Up for 1,312 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
$31.2K $23.76/SF
− Vacancy
−$8.5K −$6.51/SF
EGI
$22.6K $17.25/SF
− OpEx
−$5.7K −$4.31/SF
NOI
$17.0K $12.94/SF
Area
Angelina County, TX
Vacancy
27.40%
Lease Rate
$23.76 /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%
$339,480
Cap Rate 7%
$242,486
Cap Rate 9%
$188,600
Alternative Uses
Best Use
Office B
$242.5K
$212.2K – $282.9K
NOI $16,974 @ 7.0% cap · market cap 8.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.8K
$323.6K – $431.4K
NOI $25,884 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Explore this area
Business Placement
Demographics for 75901, TX
28,373
Population
11,290
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
159.1 sq mi
ZIP Area
178
Density / Sq Mi
$59,083
Median Household Income
$35,479
Median Earnings
$1,085
Median Rent
$163,600
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 - Remodeled commercial office space includes a lobby, break area, and parking serving employees and visitors.
Where is this office units located?
The property is located at 1009 E Denman Avenue Lufkin, TX.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Three office areas with a welcoming lobby; Fully remodeled commercial office property; Full bathroom and small kitchen or break room
