Building Details

Year Built 1958

Buildings 1

Tenancy Multi

Listing Agency: INC Realty, LLC

Listed By: Melissa Cooper · License #0743420 Show Phone

Source: Aboveandbeyondrealty

Added: Sep 11 Changed: Oct 26 Last Checked: Oct 28 at 9:50AM

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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 INC Realty, LLC

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Investment Insights

Based on property information with market context.

Built in 1958, this 1470-square-foot storefront property is positioned on a corner lot along W Parkway Street. The building is configured for multiple tenants and includes large storefront windows, front parking, and direct street frontage.

The property is located at 222 W Parkway St in Denton, with convenient access to I-35 & 380, the University of North Texas, and Texas Woman's University. Established businesses, restaurants, entertainment venues, and residential neighborhoods surround the site.

Key Highlights

• 1470‑square‑foot commercial building
• Corner lot with direct frontage on W Parkway Street
• Configured for multiple tenants

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,535

Cap Rate

4.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$430,700 $430.7K

Cap Rate 7%

$307,643 $307.6K

Cap Rate 9%

$239,278 $239.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,470 SF

Gross rent

$32.3K $21.96/SF

− Vacancy

−$1.5K −$1.03/SF

EGI

$30.8K $20.93/SF

− OpEx

−$9.2K −$6.28/SF

NOI

$21.5K $14.65/SF

Area

Denton, TX

Vacancy

4.70%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$430,700

Cap Rate 7%

$307,643

Cap Rate 9%

$239,278

Alternative Uses

Best Use

Retail

$307.6K

$269.2K – $358.9K (±1% cap)

NOI $21,535 @ 7.0% cap · market cap 4.79%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$459.3K

$401.9K – $535.8K (±1% cap)

NOI $32,149 @ 7.0% cap · market cap 7.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Clothing & Fashion Store Carpet & Flooring Store Furniture & Home Goods Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

2,395

Businesses Nearby

46k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 73% Shops & Services 27%

Mellow Mushroom Dining

11,092 visits/mo 0.4 miles

Rusty Taco Dining

8,924 visits/mo 0.4 miles

Wells Fargo Shops & Services

8,868 visits/mo 0.3 miles

Golden Chick Dining

6,072 visits/mo 0.5 miles

Fuzzy's Taco Shop Dining

4,312 visits/mo 0.4 miles

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Corner-lot retail building with multiple-tenant configuration, storefront windows, and front parking.

Where is this storefront property located?

The property is located at 222 W Parkway St Denton, TX.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: 1470‑square‑foot commercial building; Corner lot with direct frontage on W Parkway Street; Configured for multiple tenants