Remodeled Office
For Sale
$199,000
1009 E Denman Ave, Lufkin, TX 75901
Three office areas, a lobby, bathroom, and break room create a practical commercial layout.
Property Size1,312 SF
Price / SF$151.68
Days on Market33
Property Features for 1009 E Denman Ave
General Information
Standard status
Active
Size
1,312 SF
Amenities
lobby
full bathroom
break room
Building Details
Year Built
1933
Listing Agency:
Grand Luxe Realty Co
(936) 238-9994
Listed By:
Brittinee Handy · License #0696153
Source:
Yourdavisteam
Added: Jul 28
Changed: Aug 29
Last Checked: Aug 25 at 5:52AM
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 1,312-square-foot office property, built in 1933 and remodeled, offers a compact layout for business operations. The interior includes three separate office areas, a lobby for client and visitor reception, one full bathroom, and a small kitchen or break room for staff use.
Front and rear parking areas provide on-site access for employees and visitors. The property is located at 1009 E Denman Ave in Lufkin, near numerous businesses and schools.
Front and rear parking areas provide on-site access for employees and visitors. The property is located at 1009 E Denman Ave in Lufkin, near numerous businesses and schools.
Key Highlights
- 1,312 SF office property built in 1933
- Remodeled commercial interior
- Three office areas with a welcoming lobby
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 building - Three office areas, a lobby, bathroom, and break room create a practical commercial layout.
Where is this office building located?
The property is located at 1009 E Denman Ave 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: 1,312 SF office property built in 1933; Remodeled commercial interior; Three office areas with a welcoming lobby
