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    Denison Retail/Automotive Redevelopment Opportunity Title is generated by Realmo AI

    1320 S Austin Avenue, Denison, TX 75020

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    Claim this Listing
    Pending
    $280,000

    SINGLE_FAMILY - Denison, TX

    Type:Retail
    Property size:
    1,300 SF
    Lot size:
    0.32 Acres
    Added:
    May 26, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 2 at 8:06 pm

    Property Features for 1320 S Austin Avenue

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking features
    Parking Lot
    Standard status
    Pending
    APN
    147515
    Size
    1,300 SF
    Lot size
    0.32 Acres

    Taxes and HOA fees

    Tax Description
    STEWARTS 1ST ADDN, BLOCK 1, LOT 9 & 10, ACRES
    Tax Annual Amount
    3462

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1975
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Noel Cobb

    Listing agent Noel Cobb License #0742652

    Listing office Bertholf Commercial Real Estate Denison, TX

    Listing date May 26, 2026

    MLS# 21175269

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location on Austin Avenue with over 14,000 vehicles per day.
    • Versatile 1,300 SF building suitable for automotive, retail, or service‑based businesses.
    • Approximately 14,000 SF hard corner lot with redevelopment potential.
    • Excellent accessibility with access from two roads and three curb cuts.
    • Located less than one mile south of Downtown Denison in a growing market.
    • Durable brick construction with a metal roof.

    Overview

    This property, formerly a gas station, is located along a highly trafficked corridor in Denison. The 1,300 square foot building currently operates as a used tire shop, offering flexible space suitable for automotive, retail, or other service-based businesses. The site encompasses approximately 14,000 square feet on a hard corner, providing access from two roads and featuring three curb cuts. This provides value for future redevelopment. Situated less than one mile south of Downtown Denison, the location benefits from strong traffic counts and accessibility. Austin Avenue, the primary connection between Highway 75 and Downtown, experiences over 14,000 vehicles per day. The property offers long-term upside in a growing market.

    Local Financial Insights For Specialty Retail

    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 $32.4k $24.96
    − Vacancy −$1.6k −$1.25
    EGI $30.8k $23.71
    − OpEx −$7.7k −$5.93
    NOI $23.1k $17.78
    1,300 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $330.3K
    $289.0K – $385.3K (±1% cap)
    NOI $23,119 @ 7.0% cap · market cap 8.26%
    Second Best
    Retail
    $308.3K
    $269.7K – $359.6K (±1% cap)
    NOI $21,578 @ 7.0% cap · market cap 7.71%
    Theoretical Best
    Hotel Hospitality
    $666.9K
    $583.5K – $778.1K (±1% cap)
    NOI $46,683 @ 7.0% cap · market cap 16.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Rodriguez Tire Shop (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Denison
    County
    Grayson
    State
    Texas
    Longitude
    -96.537171
    Latitude
    33.742333

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    FAQs

    What type of property is this?
    Automotive property - Former gas station suitable for automotive, retail, or service businesses.
    Where is this automotive property located?
    The property is located at 1320 S Austin Avenue Denison, TX.
    What is the asking price?
    The asking price for this property is $280,000.
    What are key features of this property?
    This property features: High‑traffic location on Austin Avenue with over 14,000 vehicles per day.; Versatile 1,300 SF building suitable for automotive, retail, or service‑based businesses.; Approximately 14,000 SF hard corner lot with redevelopment potential.
    (903) 267-1573
    We can help!
    Listing Contact
    Noel Cobb
    Real Estate License ID: 0742652
    Learn More
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    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
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