Commercial Land with Existing
For Sale
$624,900
1404 N Stemmons, Sanger, TX 76266
Land, Sanger, TX
Property Size1,380 SF
Lot Size0.92 Acres
Price / SF$452.83
Days on Market91
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Property Features for 1404 N Stemmons
General Information
Property type
Land
Property subtype
Other
Zoning description
B-2
Subdivision
R Bebee
Lot features
Acreage
Elementary school
Butterfield
Middle school
Sanger
High school
Sanger
Elementary school district
Sanger ISD
Middle school district
Sanger ISD
High school district
Sanger ISD
Directions
See GPS
Standard status
Active
APN
R60301
Lot size
0.92 Acres
Taxes and HOA fees
Tax Description
A0029A R. BEEBE, TR 125, .918 ACRES, OLD DCAD
Legal Description
A0029A R. BEEBE, TR 125, .918 ACRES, OLD DCAD
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1960
Listing Agency:
Newland Real Estate, Inc.
(940) 565-8326
Listed By:
Jeff Higgs · License #0594143
(940) 206-7540
Added: Jul 17
Changed: Aug 22
Last Checked: Oct 15 at 6:06PM
MLS# 21329969
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.
Investment Insights
Based on property information with market context.
This 0.918-acre commercial land parcel includes a 1,380-square-foot building constructed in 1960. The structure was formerly used as an auto dealership and provides a flexible interior arrangement, with a covered carport and large storage shed also on the property. Approximately 20,000 square feet of concrete parking supports the existing improvements.
The site fronts I-35 and has more than 200 feet of road frontage, providing direct interstate access and exposure. B-2 zoning is in place for retail, office, automotive, and service-related uses. Public water and public sewer serve the property, which is located at 1404 N Stemmons in Sanger, Texas.
The site fronts I-35 and has more than 200 feet of road frontage, providing direct interstate access and exposure. B-2 zoning is in place for retail, office, automotive, and service-related uses. Public water and public sewer serve the property, which is located at 1404 N Stemmons in Sanger, Texas.
Key Highlights
- 0.918‑acre commercial land parcel with a 1,380 SF building
- More than 200 feet of road frontage along I‑35
- Approximately 20,000 SF of concrete parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,906
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,120
$458.1K
Cap Rate 7%
$327,229
$327.2K
Cap Rate 9%
$254,511
$254.5K
Market Conditions
NOI Build-Up for 1,380 SF
Gross rent
$34.4K $24.96/SF
− Vacancy
−$1.7K −$1.25/SF
EGI
$32.7K $23.71/SF
− OpEx
−$9.8K −$7.11/SF
NOI
$22.9K $16.60/SF
Area
Denton County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,120
Cap Rate 7%
$327,229
Cap Rate 9%
$254,511
Alternative Uses
Best Use
Retail
$327.2K
$286.3K – $381.8K
NOI $22,906 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$19.30M
$16.89M – $22.51M
NOI $1,350,895 @ 7.0% cap · market cap 216.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
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
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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?
Commercial land - B-2-zoned site includes public utilities and established concrete parking.
Where is this commercial land located?
The property is located at 1404 N Stemmons Sanger, TX.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: 0.918‑acre commercial land parcel with a 1,380 SF building; More than 200 feet of road frontage along I‑35; Approximately 20,000 SF of concrete parking
