Mixed-Use Property with Warehouse
1024 E Denman Avenue, Lufkin, TX 75901
For Sale
New
$349,900
Lobby and retail space, offices, and warehouse area share one commercial building.
Property Size4,774 SF
Price / SF$73.29
Days on Market2
Property Features for 1024 E Denman Avenue
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Mixed-Use Components
Building Details
Building Size
Year Built
Stories
Listing Agency:
Legacy Real Estate Group
(936) 632-3211
Listed By:
Courtney Gould · License #TREC 0560834
(936) 414-5322
Source:
Grandluxerealtyco
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 9 at 2:01AM
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 Legacy Real Estate Group
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Investment Insights
Based on property information with market context.
At 1024 E Denman Avenue in Lufkin, this mixed-use building contains 4,774 square feet. Its interior combines lobby and retail areas with office space and a warehouse component. The property was built in 1995 and has zoning listed as Luf.
A separate 3,027-square-foot concrete parking area accompanies the building.
A separate 3,027-square-foot concrete parking area accompanies the building.
Key Highlights
- 4,774‑square‑foot mixed‑use building
- Lobby and retail areas, office space, and warehouse space
- Separate 3,027‑square‑foot concrete parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,710
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,200
$574.2K
Cap Rate 7%
$410,143
$410.1K
Cap Rate 9%
$319,000
$319.0K
Market Conditions
NOI Build-Up for 4,774 SF
Gross rent
$38.4K $8.04/SF
− Vacancy
−$4.6K −$0.96/SF
EGI
$33.8K $7.08/SF
− OpEx
−$5.1K −$1.06/SF
NOI
$28.7K $6.01/SF
Area
Angelina County, TX
Vacancy
12.00%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,200
Cap Rate 7%
$410,143
Cap Rate 9%
$319,000
Alternative Uses
Best Use
Mixed Use
$675.2K
$590.8K – $787.7K
NOI $47,263 @ 7.0% cap · market cap 13.51%
Second Best
Warehouse
$410.1K
$358.9K – $478.5K
NOI $28,710 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,183 @ 7.0% cap · market cap 26.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
455
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Lobby and retail space, offices, and warehouse area share one commercial building.
Where is this mixed-use property located?
The property is located at 1024 E Denman Avenue Lufkin, TX.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 4,774‑square‑foot mixed‑use building; Lobby and retail areas, office space, and warehouse space; Separate 3,027‑square‑foot concrete parking area
