Open-Layout Mixed-Use
For Sale
$279,000
118 W Woodard St, Denison, TX 75021
Vacant downtown building with an open interior and flexible commercial use potential.
Property Size2,500 SF
Price / SF$111.60
Days on Market147
Property Features for 118 W Woodard St
General Information
Standard status
Active
Size
2,500 SF
Taxes and HOA fees
Annual Taxes
$2,878
Listing Agency:
eXp Realty LLC
Listed By:
Sharles Edwards · License #0592642
(214) 200-1961
Source:
Exprealty
Added: May 24
Changed: Oct 8
Last Checked: Oct 16 at 3:21PM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This vacant mixed-use building at 118 W Woodard St offers an open interior configuration within a 2,500-square-foot commercial property. Built in 1960, the building can accommodate a range of concepts identified for the site, including retail, office, restaurant, showroom, studio, or other mixed-use applications.
The property is situated in Downtown Denison, just off Main Street, with nearby public parking. Its central setting places the building within an area described as experiencing new business activity, restaurant openings, foot traffic, and redevelopment.
The property is situated in Downtown Denison, just off Main Street, with nearby public parking. Its central setting places the building within an area described as experiencing new business activity, restaurant openings, foot traffic, and redevelopment.
Key Highlights
- 2,500‑square‑foot vacant commercial building
- Open interior layout suitable for flexible commercial concepts
- Downtown Denison location at 118 W Woodard St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,750
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,000
$495.0K
Cap Rate 7%
$353,571
$353.6K
Cap Rate 9%
$275,000
$275.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$45.0K $18.00/SF
− Vacancy
−$5.4K −$2.16/SF
EGI
$39.6K $15.84/SF
− OpEx
−$14.9K −$5.94/SF
NOI
$24.8K $9.90/SF
Area
Grayson County, TX
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,000
Cap Rate 7%
$353,571
Cap Rate 9%
$275,000
Alternative Uses
Best Use
Retail
$592.8K
$518.7K – $691.6K
NOI $41,496 @ 7.0% cap · market cap 14.87%
Second Best
Mixed Use
$353.6K
$309.4K – $412.5K
NOI $24,750 @ 7.0% cap · market cap 8.87%
Theoretical Best
Hotel Hospitality
$1.28M
$1.12M – $1.50M
NOI $89,775 @ 7.0% cap · market cap 32.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
Explore this area
Business Placement
Demographics for 75021, TX
8,288
Population
3,871
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
90%
High-School Grad
58.4 sq mi
ZIP Area
142
Density / Sq Mi
$67,159
Median Household Income
$36,955
Median Earnings
$900
Median Rent
$188,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant downtown building with an open interior and flexible commercial use potential.
Where is this mixed-use property located?
The property is located at 118 W Woodard St Denison, TX.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 2,500‑square‑foot vacant commercial building; Open interior layout suitable for flexible commercial concepts; Downtown Denison location at 118 W Woodard St
