Single-Story Office
221-223 N Locust Street, Denton, TX 76201
For Sale
$575,000
CommercialSale, Denton, TX
Property Size2,900 SF
Lot Size0.12 Acres
Price / SF$198.28
Days on Market140
Property Features for 221-223 N Locust Street
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
Lot features
Directions
Standard status
APN
Lot size
Additional Details
Tenant in Place
Corner Location
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
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Building Details
Year built
Floors in Building
Number of units
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Building materials
Roof type
Buildings
Listing Agency:
INC Realty, LLC
Listed By:
Melissa Cooper · License TX #0743420
(972) 351-1095
Added: Jun 26
Changed: Nov 11
Last Checked: Nov 12 at 11:06AM
MLS# 21312731
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.
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Investment Insights
Based on property information with market context.
This 2,900-square-foot, single-story brick office building at 221-223 N Locust Street includes carpet and laminate flooring, central heating and cooling, a metal roof, and public water and sewer service. The property is fully occupied by two local businesses, with current leases extending to approximately mid-2027. Tenants include Grammy Award-winning Brave Combo.
Located at the corner of N. Locust Street and W. McKinney Street, the property sits one block from the Historic Denton Square and within Denton's downtown commercial setting. The site provides street-facing storefront exposure, on-street parking, and additional parking at the rear. DC-G zoning supports office, retail, studio, creative, and professional-service uses, subject to City of Denton approval. Built in 1965, the property is surrounded by restaurants, shops, entertainment venues, and professional offices.
Located at the corner of N. Locust Street and W. McKinney Street, the property sits one block from the Historic Denton Square and within Denton's downtown commercial setting. The site provides street-facing storefront exposure, on-street parking, and additional parking at the rear. DC-G zoning supports office, retail, studio, creative, and professional-service uses, subject to City of Denton approval. Built in 1965, the property is surrounded by restaurants, shops, entertainment venues, and professional offices.
Key Highlights
- 2,900‑square‑foot single‑story office building on a 0.124‑acre lot
- 100% occupied by two established local businesses
- Leases extend through approximately mid‑2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,512
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,240
$910.2K
Cap Rate 7%
$650,171
$650.2K
Cap Rate 9%
$505,689
$505.7K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$78.3K $27.00/SF
− Vacancy
−$17.6K −$6.08/SF
EGI
$60.7K $20.93/SF
− OpEx
−$15.2K −$5.23/SF
NOI
$45.5K $15.69/SF
Area
Denton, TX
Vacancy
22.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,240
Cap Rate 7%
$650,171
Cap Rate 9%
$505,689
Alternative Uses
Best Use
Office B
$650.2K
$568.9K – $758.5K
NOI $45,512 @ 7.0% cap · market cap 7.92%
Second Best
Retail
$606.9K
$531.1K – $708.1K
NOI $42,484 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$906.1K
$792.8K – $1.06M
NOI $63,424 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,235
Businesses Nearby
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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
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Market
Properties on Market for Office buildings in Denton
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Brick commercial building with two leased suites, public utilities, and both rear-lot and on-street parking.
Where is this office building located?
The property is located at 221-223 N Locust Street Denton, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,900‑square‑foot single‑story office building on a 0.124‑acre lot; 100% occupied by two established local businesses; Leases extend through approximately mid‑2027
