Freestanding Office Building with Highway
For Sale
Contact for pricing
208 N Hwy 377, Roanoke, TX 76262
An adaptable interior includes private offices, conference-style rooms, three restrooms, and a kitchenette.
Property Size3,700 SF
Price / SF$1.88
Days on Market17
Property Features for 208 N Hwy 377
General Information
Standard status
Active
Size
3,700 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
private offices
conference-style rooms
restrooms
kitchenette
Building Details
Year Built
1993
Buildings
1
Building Size
3,700 SF
Listing Agency:
Ebby Halliday, REALTORS
(817) 481-5882
Listed By:
Mary Ann Izzarelli · License #0481588
(817) 614-1376
Source:
Momentusrealestategroup
Added: Oct 19
Changed: Nov 3
Last Checked: Nov 4 at 8:29AM
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 Ebby Halliday, REALTORS
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Investment Insights
Based on property information with market context.
This freestanding office building contains approximately 3,700 square feet, with two private offices and five conference-style rooms. Three restrooms and a kitchenette round out the interior, and the building was constructed in 1993. Monument signage and on-site parking are also present.
The property fronts Hwy 377 in Roanoke and is within walking distance of the retail corridor on Oak Street. Its office layout includes a mix of private and shared rooms that can support different professional or service-oriented operations.
The property fronts Hwy 377 in Roanoke and is within walking distance of the retail corridor on Oak Street. Its office layout includes a mix of private and shared rooms that can support different professional or service-oriented operations.
Key Highlights
- Approximately 3,700 SF of freestanding office space
- Two private offices and five conference‑style rooms
- Three restrooms and a kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,449
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,028,980
$1.0M
Cap Rate 7%
$734,986
$735.0K
Cap Rate 9%
$571,656
$571.7K
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$91.5K $24.72/SF
− Vacancy
−$22.9K −$6.18/SF
EGI
$68.6K $18.54/SF
− OpEx
−$17.1K −$4.64/SF
NOI
$51.4K $13.91/SF
Area
Denton County, TX
Vacancy
25.00%
Lease Rate
$24.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,028,980
Cap Rate 7%
$734,986
Cap Rate 9%
$571,656
Alternative Uses
Best Use
Office B
$735.0K
$643.1K – $857.5K
NOI $51,449 @ 7.0% cap · market cap 741.55%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$51.74M
$45.27M – $60.37M
NOI $3,621,966 @ 7.0% cap · market cap 52,204.76%
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
766
Businesses Nearby
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Business Placement
Demographics for 76262, TX
42,592
Population
16,260
Households
2.6
Avg Household Size
37
Median Age
58%
College-Educated
96%
High-School Grad
42.3 sq mi
ZIP Area
1,007
Density / Sq Mi
$143,093
Median Household Income
$72,418
Median Earnings
$1,752
Median Rent
$527,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - An adaptable interior includes private offices, conference-style rooms, three restrooms, and a kitchenette.
Where is this office building located?
The property is located at 208 N Hwy 377 Roanoke, TX.
What are key features of this property?
This property features: Approximately 3,700 SF of freestanding office space; Two private offices and five conference‑style rooms; Three restrooms and a kitchenette
