Remodeled Commercial Property For
1009 E Denman Avenue Lufkin, TX 75901
For Sale
$199,000
Remodeled commercial property with office areas, kitchen, and ample parking.
Property Size1,312 SF
Price / SF$151.68
Days on Market97
Property Features for 1009 E Denman Avenue
General Information
Standard status
Active
Size
1,312 SF
Property subtype
Commercial
Building Details
Year Built
1933
Listing Agency:
Grand Luxe Realty Co
(936) 238-9994
Listed By:
Brittinee Handy · License #0696153
(936) 238-9994
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 17 at 9:48AM
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 fully remodeled commercial property is located in a busy area near businesses and schools. The 1312 square-foot space includes three office areas suitable for collaboration, and a lobby. It also features a full bathroom and a small kitchen area or break room. Ample parking is available in both the front and back of the property. The property is suitable for a variety of businesses and is ready for immediate occupancy.
Key Highlights
- Strategically located in a bustling area near numerous businesses and schools.
- Fully remodeled commercial property ready for immediate occupancy.
- Features three well‑appointed office areas for productivity and collaboration.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.2k | $23.76 |
| − Vacancy | −$8.5k | −$6.51 |
| EGI | $22.6k | $17.25 |
| − OpEx | −$5.7k | −$4.31 |
| NOI | $17.0k | $12.94 |
1,312 SF · lease $23.76/SF/yr · vacancy 27.40% · expense 25.00%
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Remodeled commercial property with office areas, kitchen, and ample parking.
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: Strategically located in a bustling area near numerous businesses and schools.; Fully remodeled commercial property ready for immediate occupancy.; Features three well‑appointed office areas for productivity and collaboration.
