Warehouse with Office and Covered
For Sale
$750,000
504 Bolivar Street, Sanger, TX 76266
Two-building warehouse property with an on-site office area, three roll-up doors, and extensive covered storage.
Property Size3,760 SF
Price / SF$199.47
Days on Market79
Property Features for 504 Bolivar Street
General Information
Standard status
Active
Size
3,760 SF
Property subtype
Business
Building Details
Year Built
1980
Listing Agency:
TruHome Real Estate
(972) 299-3959
Listed By:
Lori Robinson · License #0638031
(940) 367-4008
Source:
Lonestarluxuryrealty
Added: Jul 22
Changed: Sep 28
Last Checked: Oct 7 at 1:34PM
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 TruHome Real Estate
Investment Insights
Based on property information with market context.
This for-sale commercial property includes two separate buildings totaling 3,760 square feet, designed for flexible business use. The main 2,400-square-foot building features expansive warehouse space served by three overhead roll-up doors, along with a dedicated office area for day-to-day operations. The additional 1,360-square-foot building provides extra space that can support office use, storage, showroom needs, or support operations.
Extensive under-canopy covered storage extends the usable footprint for protected equipment, inventory, or outdoor work areas. The property also offers a large concrete parking and loading area and is described as being on a highly visible location, supporting convenient access for employees, deliveries, and fleet vehicles.
With a layout that supports multiple operational approaches, the property can accommodate an owner-user occupying one building while leveraging the other, or allow for separate tenancy depending on business needs.
Extensive under-canopy covered storage extends the usable footprint for protected equipment, inventory, or outdoor work areas. The property also offers a large concrete parking and loading area and is described as being on a highly visible location, supporting convenient access for employees, deliveries, and fleet vehicles.
With a layout that supports multiple operational approaches, the property can accommodate an owner-user occupying one building while leveraging the other, or allow for separate tenancy depending on business needs.
Key Highlights
- Two‑building commercial property totaling 3,760 SF with flexible space for owner‑users or leasing.
- Main 2,400 SF building includes expansive warehouse with 3 overhead roll‑up doors and an office area.
- Second 1,360 SF building adds office, storage, showroom, or support operation space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,283
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,660
$1.0M
Cap Rate 7%
$746,900
$746.9K
Cap Rate 9%
$580,922
$580.9K
Market Conditions
NOI Build-Up for 3,760 SF
Gross rent
$92.9K $24.72/SF
− Vacancy
−$23.2K −$6.18/SF
EGI
$69.7K $18.54/SF
− OpEx
−$17.4K −$4.64/SF
NOI
$52.3K $13.91/SF
Area
Denton County, TX
Vacancy
25.00%
Lease Rate
$24.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,660
Cap Rate 7%
$746,900
Cap Rate 9%
$580,922
Alternative Uses
Best Use
Office B
$746.9K
$653.5K – $871.4K
NOI $52,283 @ 7.0% cap · market cap 6.97%
Second Best
Warehouse
$334.8K
$292.9K – $390.6K
NOI $23,435 @ 7.0% cap · market cap 3.12%
Theoretical Best
Multifamily LT 5
$52.58M
$46.01M – $61.35M
NOI $3,680,701 @ 7.0% cap · market cap 490.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76266, TX
16,779
Population
7,211
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
89%
High-School Grad
122.1 sq mi
ZIP Area
137
Density / Sq Mi
$95,603
Median Household Income
$49,622
Median Earnings
$1,345
Median Rent
$315,900
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building warehouse property with an on-site office area, three roll-up doors, and extensive covered storage.
Where is this flex space located?
The property is located at 504 Bolivar Street Sanger, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑building commercial property totaling 3,760 SF with flexible space for owner‑users or leasing.; Main 2,400 SF building includes expansive warehouse with 3 overhead roll‑up doors and an office area.; Second 1,360 SF building adds office, storage, showroom, or support operation space.
