Historic Brewery Building with High
For Sale
$800,000
216 W Main Street, Denison, TX 75020
COMMERCIAL - Denison, TX
Property Size6,000 SF
Lot Size0.14 Acres
Price / SF$133.33
Days on Market49
Property Features for 216 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Alley, On Street
Subdivision
Otp Denison
Directions
GPS Location
Standard status
Active
APN
143154
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
OTP DENISON, BLOCK 52, LOT 9 & 10, 50 X 120 6
Tax Annual Amount
12008
Legal Description
OTP DENISON, BLOCK 52, LOT 9 & 10, 50 X 120 6
Utilities
Sewer type
Public Sewer
Cooling system
Electric
Water source
Public
Building Details
Year built
1900
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Brick, Concrete, Rock, Stone, Stucco
Roof type
Metal
Listing Agency:
Bertholf Commercial Real Estate
(903) 267-1573
Listed By:
Evan Ramsey · License #845775-SA
(903) 267-1573
Added: Jun 24
Changed: Aug 4
Last Checked: Aug 11 at 5:06PM
MLS# 21309331
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.
Ivanhoe Ale Works Building at 216 W Main Street in Denison, Texas offers approximately 6,000 SF of historic downtown space with over 20-foot ceilings and an expansive open floor plan. The warehouse-style layout is designed to support a range of concepts, including hospitality, entertainment, retail, brewery, event venue, showroom, creative office, or mixed-use use.
Built in 1900, the building features original architectural elements and soaring ceilings, along with concrete flooring and electric cooling. Construction materials include brick, concrete, rock, stone, and stucco, and the roof is metal.
Parking is available via alley and on-street spaces. Public water and public sewer service are provided, supporting day-to-day operations for a tenant seeking flexible, character-rich downtown space.
Built in 1900, the building features original architectural elements and soaring ceilings, along with concrete flooring and electric cooling. Construction materials include brick, concrete, rock, stone, and stucco, and the roof is metal.
Parking is available via alley and on-street spaces. Public water and public sewer service are provided, supporting day-to-day operations for a tenant seeking flexible, character-rich downtown space.
Key Highlights
- Approximately 6,000 SF historic downtown brewery building on W Main Street
- Over 20‑foot ceilings with an expansive open floor plan
- Warehouse‑style layout suited for hospitality, retail, brewery, events, and more
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
$31,256
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
3.91%
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%
$625,120
$625.1K
Cap Rate 7%
$446,514
$446.5K
Cap Rate 9%
$347,289
$347.3K
Market Conditions
NOI Build-Up for 6,000 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
$49.0K $8.16/SF
− Vacancy
−$4.3K −$0.72/SF
EGI
$44.7K $7.44/SF
− OpEx
−$13.4K −$2.23/SF
NOI
$31.3K $5.21/SF
Area
Grayson County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
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%
$625,120
Cap Rate 7%
$446,514
Cap Rate 9%
$347,289
Alternative Uses
Best Use
Office B
$1.43M
$1.25M – $1.67M
NOI $100,362 @ 7.0% cap · market cap 12.55%
Second Best
Retail
$1.42M
$1.24M – $1.66M
NOI $99,590 @ 7.0% cap · market cap 12.45%
Theoretical Best
Hotel Hospitality
$3.08M
$2.69M – $3.59M
NOI $215,460 @ 7.0% cap · market cap 26.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Explore this area
Business Placement
Demographics for 75020, TX
23,782
Population
10,802
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
90%
High-School Grad
61.0 sq mi
ZIP Area
390
Density / Sq Mi
$66,308
Median Household Income
$38,656
Median Earnings
$1,136
Median Rent
$187,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Brewery - Historic downtown Denison brewery building with electric cooling, public water and sewer, and a warehouse-style layout.
Where is this brewery located?
The property is located at 216 W Main Street Denison, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Approximately 6,000 SF historic downtown brewery building on W Main Street; Over 20‑foot ceilings with an expansive open floor plan; Warehouse‑style layout suited for hospitality, retail, brewery, events, and more
