1431-1437 E McKinney Street, Denton, TX 76209
SINGLE_FAMILY - Denton, TX
- Added:
- May 27, 2026
- Days on Market:
- 17
- Last Refresh:
- Jun 12 at 3:06 am
Property Features for 1431-1437 E McKinney Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking features
- On Street, Off Street, Parking Lot
- Standard status
- Active
- APN
- 767401
- Size
- 25,729 SF
- Lot size
- 6.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 72000
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 2019
- Floors in Building
- 1
- Number of units
- 11
- Flooring type
- Concrete
- Building materials
- Frame, Rock, Stone, Stucco
- Roof type
- Built-Up
Listing agent Steve Cook License #0173324 (903) 786-3355
Listing office Steve Cook & Co, REALTORS Pottsboro, TX (903) 786-3355
Listing date May 27, 2026
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
- Bank‑owned stone & stucco retail strip center built in 2019 in Denton, TX
- Offered at $4,850,000; 25,729 SF retail space with 3.65 acres (plus 2+ acres extra acreage noted)
- Opportunity Zone property; includes potential eligibility for an IRS 1031 tax‑deferred exchange
- Public utilities: public water and public sewer
- Parking available with on‑street, off‑street, and parking lot options
- 46% occupancy as of June 2025
Overview
Located in Denton, Texas, the center sits directly north of and across McKinney Street from the Denton County Courts Complex, offering visibility to a steady daily base associated with court activity. The offering also describes the site as part of a high-traffic, growing commercial corridor with nearby restaurants and local businesses, supporting retail demand from passersby and visitors.
For investors, the combination of partial occupancy, retail strip center format, and the stated Opportunity Zone designation makes this a compelling value-add and longer-hold candidate. The materials also position the asset as a 1031 exchange candidate, which may appeal to buyers planning reinvestment of proceeds. Depending on leasing strategy, the location could support concepts that benefit from proximity to courthouse users, including, as noted in the remarks, an hourly attorney-style service.
Local Financial Insights For 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 | $565.0k | $21.96 |
| − Vacancy | −$26.6k | −$1.03 |
| EGI | $538.5k | $20.93 |
| − OpEx | −$161.5k | −$6.28 |
| NOI | $376.9k | $14.65 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Denton
- County
- Denton
- State
- Texas
- Longitude
- -97.1156622
- Latitude
- 33.2161985
