Downtown Denison Office
121 S Austin Avenue Denison, TX 75020
For Sale
$525,000
High-visibility office building with private parking in downtown Denison.
Property Size1,677 SF
Price / SF$313.06
Days on Market98
Property Features for 121 S Austin Avenue
General Information
Standard status
Active
Size
1,677 SF
Property subtype
Commercial
Building Details
Year Built
1995
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Cory Meals · License #0636222
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 25 at 2:36PM
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
Investment Insights
Based on property information with market context.
Located on the corner of Austin Ave & Chestnut St in downtown Denison, this commercial office building offers exceptional exposure. The interior is thoughtfully laid out and currently configured for a law practice, offering a flexible and functional design that can easily adapt to a variety of business uses. Inside, there is an open flex space, two private offices, a large conference room, two restrooms, and a dedicated storage and equipment closet. The space balances privacy and openness. This location includes its own private parking lot. The building offers approximately 1,677 square feet of office space and sits on a corner lot. Businesses positioned in downtown Denison enjoy proximity to restaurants, shops, entertainment, and community events. This property delivers strong exposure, a functional office layout, private parking, and a premier downtown address. It is an ideal opportunity for a professional service creative firm or growing business looking to establish a downtown footprint.
Key Highlights
- Premier downtown location on a hard corner with exceptional exposure.
- Private parking lot, a rare and invaluable asset.
- Functional and flexible interior layout easily adaptable to various business uses.
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 | $51.5k | $30.72 |
| − Vacancy | −$14.1k | −$8.42 |
| EGI | $37.4k | $22.30 |
| − OpEx | −$9.4k | −$5.58 |
| NOI | $28.1k | $16.73 |
1,677 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$400.7K
$350.6K – $467.5K
NOI $28,051 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$860.3K
$752.8K – $1.00M
NOI $60,221 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - High-visibility office building with private parking in downtown Denison.
Where is this office building located?
The property is located at 121 S Austin Avenue Denison, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Premier downtown location on a hard corner with exceptional exposure.; Private parking lot, a rare and invaluable asset.; Functional and flexible interior layout easily adaptable to various business uses.
