118 W Chestnut Street, Denison, TX 75021
Turnkey office building remodeled in 2023 with multiple offices, conference room, and a climate-controlled attached garage.
- Added:
- Jun 15, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 20 at 6:41 am
Property Features for 118 W Chestnut Street
General Information
- Standard status
- Active
- Size
- 2,337 SF
- Property subtype
- Office
Building Details
- Year Built
- 1950
Listing agent Bertholf Commercial Real Estate (903) 267-1573
Listing office (903) 267-1573
Listing date Jun 15, 2026
Source Xome
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 Bertholf Commercial Real Estate
HighLights
- Fully gutted and remodeled in 2023, including roof, electrical, plumbing, and complete interior finish‑out
- Office layout includes six offices for up to 10 people, plus a large conference room
- Two restrooms, a kitchen, and a printer room included in the interior layout
- Climate‑controlled attached garage includes 500 SF for storage, equipment, or potential office conversion
- Interior features include central air and zone electric A/C with custom lighting, transom windows, and corner glass
- Building will be delivered vacant upon sale; currently set up for professional office use
Overview
The building includes a 500 SF climate-controlled garage. The garage is well suited for storage, equipment, or a small fitness area, and could be converted into additional office space depending on tenant or operator needs. The property is currently operating as a professional office.
Ownership will provide delivery vacant upon sale, giving the next buyer flexibility to reinstate the space for their specific practice or to reconfigure use. The property is a strong fit for professional services such as a title company, law office, real estate brokerage, accounting firm, or financial advisory practice, where private offices, a dedicated conference room, and straightforward amenities are important.
Local 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 | $71.8k | $30.72 |
| − Vacancy | −$19.7k | −$8.42 |
| EGI | $52.1k | $22.30 |
| − OpEx | −$13.0k | −$5.58 |
| NOI | $39.1k | $16.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Denison
- County
- Grayson
- State
- Texas
- Longitude
- -96.535908
- Latitude
- 33.754108
