Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Light Industrial Land Tract Title is generated by Realmo AI

    1041 E University Drive, Denton, TX 76209

    View on Map
    Claim this Listing
    New
    Picture of Industrial land at 1041 E University Drive, Denton, TX
    For Sale
    $6,534,000

    LAND - Denton, TX

    Lot size:
    10.00 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 5:06 pm

    Property Features for 1041 E University Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R60825
    Lot size
    10.00 Acres

    Taxes and HOA fees

    Tax Description
    A0514A S. HUIZAR, TR 27(PT), 12.8151 ACRES, (

    Building Details

    Year built
    1967

    We can help!

    Listing Contact
    EVERETTE NEWLAND

    Listing agent EVERETTE NEWLAND License #0456001

    Listing office Newland Real Estate, Inc. Denton, TX

    Listing date Jun 4, 2026

    MLS# 21290770 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.

    HighLights

    • 10+ acres on Hwy 380 in Denton, adjacent to TXDOT Loop 288 expansion
    • Over 600 ft of frontage on Hwy 380
    • Light Industrial zoning
    • Utilities available: water, sewer, and electric
    • Located in a high‑growth area with major new residential developments and increasing traffic

    Overview

    This offering is a 10-plus acre industrial land tract positioned for light industrial development. The property has more than 600 feet of frontage along Hwy 380 and is described as having water, sewer, and electric available, supporting a straightforward path for future site improvements.

    The tract is located at 1041 E University Drive in Denton, Texas, and sits adjacent to the TXDOT Loop 288 expansion. With substantial main-road exposure on Hwy 380, the site is presented as a long-term option for users seeking acreage near ongoing transportation work.

    Zoned light industrial, the property is suitable for commercial or industrial use consistent with that zoning classification. Buyers evaluating the site for development can focus on the combination of acreage size, direct frontage, and utility availability. The adjacency to the Loop 288 expansion is a relevant operational consideration for long-range planning, particularly for parties looking to secure land in an evolving area around new infrastructure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Building Supply Gym & Fitness Center Auto Parts Store Department Store Storage Facility Kitchen & Bath Showroom Garden Center HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.2089912
    Latitude
    33.2301248

    Nearby Similar for Sale

    • $500,000

      Touchless Car Wash with Office

      Well-equipped touchless in-bay wash with filtration and vacuum stations, plus an on-site office and support rooms.
      1704 Teasley Lane, Denton, TX 76205
      View Details
    • $799,000

      Purpose-Built Medical Office Building

      Second-generation medical facility with exam rooms, private offices, and dedicated parking in Denton’s healthcare district.
      3204 Colorado Boulevard, Denton, TX 76210
      View Details
    • $450,000

      Downtown Mixed-Use Office/Restaurant Building

      A 1950s downtown building with flexible zoning and street visibility, offering owner-occupy or executive-suite rental options.
      503 Bolivar Street, Denton, TX 76201
      View Details
    • $799,000

      Mixed-Use Zoned Infill Development Land

      High-visibility infill parcel already MN-zoned, positioned for retail, office, or mixed-use development.
      5130 E Mckinney Street, Denton, TX 76208
      View Details
    • $495,000

      Historic Office Building with Parking

      Converted 1918 property offers preserved character, central HVAC, private offices, and off-street parking for client convenience.
      1306 N Locust Street N, Denton, TX 76201
      View Details
    • $900,000

      Mixed-Use Development Land Opportunity

      2.5-acre Denton site near major routes offers mixed-use flexibility with build-to-suit potential.
      5200 E McKinney Street, Denton, TX 76208
      View Details
    • $900,000

      Mixed-Use Land with Concept Plan

      Build-to-suit potential on MN-zoned land with a new plat and an owner-initiated concept layout.
      5200 E McKinney Street, Denton, TX 76208
      View Details
    • $495,000

      Turn-Key Office Building with Private Offices

      Updated office building in Denton with flexible private offices, meeting space, and strong parking for owner-use or income.
      1005 N Elm Street, Denton, TX 76201
      View Details
    • $1,400,000

      Corner Development Land with Lake Views

      Approximately 4.65-acre corner lot in a mixed-use development, offering visibility, utilities, and level terrain for commercial concepts.
      Shoreline Drive, Denton, TX 76210
      View Details

    FAQs

    What type of property is this?
    Industrial land - Over 600 feet of frontage on Hwy 380 for light industrial development with utilities available.
    Where is this industrial land located?
    The property is located at 1041 E University Drive Denton, TX.
    What is the asking price?
    The asking price for this property is $6,534,000.
    What are key features of this property?
    This property features: 10+ acres on Hwy 380 in Denton, adjacent to TXDOT Loop 288 expansion; Over 600 ft of frontage on Hwy 380; Light Industrial zoning
    (940) 565-8326
    We can help!
    Listing Contact
    EVERETTE NEWLAND
    Real Estate License ID: 0456001
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1041 E University Drive, Denton, TX 76209
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!