Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Downtown Executive Suite Office Space Title is generated by Realmo AI

    345-347 E Hickory St, Denton, TX

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Affordable office suites in a vibrant downtown location with parking.

    Type:OFFICE
    Property size:
    198 SF
    Lot size:
    0.48 Acres
    Added:
    Apr 3, 2024
    Days on Market:
    794
    Last Refresh:
    May 20 at 9:26 pm

    Property Features for 345-347 E Hickory St

    General Information

    Standard status
    Active
    Size
    198 SF
    Lot size
    0.48 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 345-347 E Hickory St Contact us

    We can help!

    Listing Contact
    Sophie Umbarger
    Sophie Umbarger

    Listing agent Sophie Umbarger License #827964

    Listing office SVN | Verus Commercial

    Listing date Apr 3, 2024

    Source Moodyscre

    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 SVN | Verus Commercial

    HighLights

    • Prime downtown corner location at Bell & Oak
    • Adjacent to downtown food, drink, culture, and entertainment
    • Affordable executive suite offices
    • On‑site parking included
    • 3‑minute walk to Denton County Transit Authority station
    • Highly accessible location

    Overview

    Located at the corner of Bell and Oak in downtown Denton, this property offers executive suite offices for rent. The location is adjacent to downtown food, drink, culture, and entertainment options. It is situated a 3-minute walk from the Denton County Transit Authority station. The available space is 198 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.128492
    Latitude
    33.2149343

    Nearby Similar for Lease

    • $1,650/Mo
      1,472 SF

      Flex Space with Two Overhead Doors

      Flex suite with two overhead doors and private office space, offering functional space for operations and client-facing needs.
      730 Wainwright Street, Denton, TX 76201
      View Details
    • $700/Mo

      Renovated Office Building

      Newly renovated, move-in-ready office suite with utilities, Wi‑Fi, backup generator, and shared amenities.
      700 Londonderry Lane, Denton, TX 76205
      View Details
    • $6,300/Mo

      Flexible Office Building with Parking

      Zoned MN near downtown, offering unit-level or whole-building leasing with ample additional parking.
      516 N Locust Street, Denton, TX 76201
      View Details
    • $2,716/Mo

      Office Space on Parkway

      Office space available for lease in Denton, suited for a range of professional uses.
      2438 Lillian Miller Parkway, Denton, TX 76205
      View Details
    • $2,808/Mo

      Office Units for Lease

      Office units offered for lease at a dedicated commercial address, suitable for businesses needing private workspace.
      2438 Lillian Miller Parkway, Denton, TX 76205
      View Details
    • $32 SF/Yr
      1,600 SF

      Move-In Ready Second-Gen Restaurant Space

      Second-generation buildout with hood systems and commercial kitchen infrastructure, positioned for a ready-to-operate food concept.
      119 Avenue A, Denton, TX 76201
      View Details
    • Sponsored
      $129-$3,226/Mo
      11-1,292 SF

      TX, Denton - Parkway St

      414 Pkwy St 1Rst &, Unit 2ND, Denton, TX 76201
      View Details
    • $16 SF/Yr
      3,369 SF

      Restaurant Space in Downtown Denton

      Second-generation restaurant space near transit and multi-family project.
      608 E Hickory St, Denton, TX 76201
      View Details
    • $27 SF/Yr

      Class A Retail Strip Center

      Brand-new strip center offering flexible retail sizes at a highly visible corner with strong area demand.
      1402 Teasley Lane, Denton, TX 76205
      View Details
    • $25 SF/Yr
      4,245 SF

      Fry Street Single-Tenant Retail Space

      Prime retail space in Denton's vibrant Fry Street entertainment district.
      1211 West Hickory Street, Denton, TX 76201
      View Details
    • $25 SF/Yr
      4,245 SF

      Fry Street Single-Tenant Retail Building

      Single-tenant retail building in Denton's vibrant Fry Street entertainment district.
      1211 West Hickory Street, Denton, TX 76201
      View Details

    FAQs

    What type of property is this?
    Office units - Affordable office suites in a vibrant downtown location with parking.
    Where is this office units located?
    The property is located at 345-347 E Hickory St Denton, TX.
    What is the lease rate?
    The lease rate is $650 /Mo.
    What are key features of this property?
    This property features: Prime downtown corner location at Bell & Oak; Adjacent to downtown food, drink, culture, and entertainment; Affordable executive suite offices
    (940) 381-2220 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sophie Umbarger
    Sophie Umbarger
    Real Estate License ID: 827964
    Learn More
    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
    345-347 E Hickory St, Denton, TX
    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!