Multifamily Property Near
For Sale
Contact for pricing
1410 West Oak Street, Denton, TX 76201
Workforce-housing asset with a varied unit mix, one vacant unit, and proximity to the University of North Texas campus.
Property Size4,756 SF
Price / SF$210.26
Days on Market121
Property Features for 1410 West Oak Street
General Information
Standard status
Active
Size
4,756 SF
Class
C
Property subtype
Multifamily
Zoning
MF025
Investment Type
Stabilized
Building Details
Year Built
1909
Year Renovated
2024
Buildings
3
Stories
2
Units
9
Listing Agency:
Ahmeti Realty Group, LLC
Listed By:
Jetmir Ahmeti · License #TX 0470676
Source:
Crexi
Added: May 4
Changed: Aug 30
Last Checked: Aug 31 at 9:06PM
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 Ahmeti Realty Group, LLC
Investment Insights
Based on property information with market context.
This multifamily property contains 4,756 square feet and was built in 1909. The asset has a varied unit mix, including one residence with tenant-paid utilities, and currently includes one vacant unit. Existing rents are below prevailing market levels cited for comparable properties, creating lease-turnover considerations for a new owner.
The property is located at 1410 West Oak Street in Denton, Texas, within walking distance of the University of North Texas campus and the city’s historic downtown square. Its zoning designation is MF025. The combination of a compact physical scale, an existing rental operation, and proximity to two established local destinations provides a straightforward multifamily configuration for private ownership.
The property is located at 1410 West Oak Street in Denton, Texas, within walking distance of the University of North Texas campus and the city’s historic downtown square. Its zoning designation is MF025. The combination of a compact physical scale, an existing rental operation, and proximity to two established local destinations provides a straightforward multifamily configuration for private ownership.
Key Highlights
- 4,756‑square‑foot multifamily property built in 1909
- Zoned MF025
- Located at 1410 West Oak Street, Denton, TX 76201
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,320
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,446,400
$1.4M
Cap Rate 7%
$1,033,143
$1.0M
Cap Rate 9%
$803,556
$803.6K
Market Conditions
NOI Build-Up for 4,756 SF
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.
Gross rent
$147.2K $30.96/SF
− Vacancy
−$15.8K −$3.31/SF
EGI
$131.5K $27.65/SF
− OpEx
−$59.2K −$12.44/SF
NOI
$72.3K $15.21/SF
Area
Denton, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,446,400
Cap Rate 7%
$1,033,143
Cap Rate 9%
$803,556
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$904.0K – $1.21M
NOI $72,320 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,015 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
808
Businesses Nearby
Explore this area
Business Placement
Demographics for 76201, TX
27,610
Population
13,087
Households
2.1
Avg Household Size
26
Median Age
46%
College-Educated
95%
High-School Grad
5.5 sq mi
ZIP Area
5,020
Density / Sq Mi
$37,863
Median Household Income
$18,308
Median Earnings
$1,128
Median Rent
$250,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Workforce-housing asset with a varied unit mix, one vacant unit, and proximity to the University of North Texas campus.
Where is this multifamily property located?
The property is located at 1410 West Oak Street Denton, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 4,756‑square‑foot multifamily property built in 1909; Zoned MF025; Located at 1410 West Oak Street, Denton, TX 76201
