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    Versatile Office Building with Yard Title is generated by Realmo AI

    1500 W Crawford Street, Denison, TX 75020

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    For Sale
    $650,000

    SINGLE_FAMILY - Denison, TX

    Type:Office
    Property size:
    4,428 SF
    Lot size:
    0.62 Acres
    Price / SF:
    $146/SF
    Added:
    May 21, 2026
    Days on Market:
    15
    Last Refresh:
    Jun 4 at 1:06 am

    Property Features for 1500 W Crawford Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Driveway, On Street, Parking Lot, Open, Paved or Surfaced
    Standard status
    Active
    APN
    143977
    Size
    4,428 SF
    Lot size
    0.62 Acres

    Taxes and HOA fees

    Tax Description
    MILLERS 2ND ADDN, BLOCK 71, LOT 1 & 12 & 20'
    Tax Annual Amount
    6096

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Central Air, Ceiling Fan(s), Electric
    Water source
    Public

    Building Details

    Year built
    1972
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Tile, Vinyl, Carpet, Linoleum
    Building materials
    Brick, Block, WoodSiding
    Roof type
    Shingle, Composition

    We can help!

    Listing Contact
    Steven Geis

    Listing agent Steven Geis

    Listing office Ray Gun Commercial TX

    Listing date May 21, 2026

    MLS# 20793728

    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

    • Vacant versatile building originally built and operated as a neighborhood daycare center since 1972
    • Remodeled kitchen in 2020 with new countertops, stainless steel sinks, gas stove, and double ovens
    • Roof replaced approx. 4 years ago; one of two HVAC systems replaced approx. 1 year ago
    • 3 bathrooms and utility room with washer & dryer hookups plus a covered front porch and lobby reception area
    • Expansive fenced yard with an additional side yard; adjacent vacant lot at 1506 W. Crawford St for potential expansion or more parking
    • Adjacent back part of the yard is in a flood zone; currently zoned SF‑7.5 and Denison confirmed rezoning for office use is feasible

    Overview

    Originally built and operated as a neighborhood daycare center, this now-vacant versatile building offers a practical office-friendly layout with a covered front porch, lobby reception area, and multiple large open spaces. The interior includes three bathrooms and a utility room with washer and dryer hookups, along with a kitchen area remodeled in 2020 with new countertops, stainless steel sinks, a gas stove, and double ovens. Outdoor space is a key feature, with a fenced yard plus an additional side yard that supports flexible use.

    The property sits on a neighborhood corner lot with visibility, and it includes an adjacent vacant lot that may allow for expansion and/or additional parking. The roof was replaced approximately four years ago, and one of the two HVAC systems was replaced approximately one year ago. A portion of the back yard area is located in a flood zone. US-75 is about 2.5 miles west down W. Crawford St., providing convenient access for those arriving from outside the surrounding residential community.

    With its existing room configuration, bathrooms, and utility hookups, the building may suit a range of tenants looking for a turn-ready interior for office or similar uses. It is currently zoned SF-7.5, and the City of Denison has confirmed that rezoning to allow office use is feasible based on existing office zoning directly across the street; buyers should confirm all intended uses and any approvals with the City.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kiddie Kampus Daycare Center

    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
    -96.557345
    Latitude
    33.753682

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    FAQs

    What type of property is this?
    Office units - Vacant neighborhood daycare building with multiple open areas, three bathrooms, and an expansive fenced yard.
    Where is this office units located?
    The property is located at 1500 W Crawford Street Denison, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Vacant versatile building originally built and operated as a neighborhood daycare center since 1972; Remodeled kitchen in 2020 with new countertops, stainless steel sinks, gas stove, and double ovens; Roof replaced approx. 4 years ago; one of two HVAC systems replaced approx. 1 year ago
    (940) 368-5559
    We can help!
    Listing Contact
    Steven Geis
    Request Owner's contact information
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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.

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