Corner Storefront
For Sale
$450,000
222 W Parkway Street, Denton, TX 76201
Multiple-tenant configuration with storefront windows, front parking, and access to I-35 and 380.
Property Size1,470 SF
Price / SF$306.12
Days on Market33
Property Features for 222 W Parkway Street
General Information
Standard status
Active
Size
1,470 SF
Property subtype
Commercial
Zoning
DC-G
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
1,470 SF
Year Built
1958
Buildings
1
Units
3
Tenancy
Multi
Listing Agency:
INC Realty, LLC
(940) 300-2334
Listed By:
Melissa Cooper · License #0743420
(940) 300-2334
Source:
Vickiesteam
Added: Jul 28
Changed: Aug 28
Last Checked: Aug 23 at 10:31AM
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
Investment Insights
Based on property information with market context.
This 1,470-square-foot commercial building at 222 W Parkway Street is arranged for multiple tenants and includes large storefront windows, front parking, and a corner-lot position. Constructed in 1958, the property provides street-facing commercial space with customer access from the front.
The building has frontage on W Parkway Street and convenient connections to I-35 and 380. It is located near the University of North Texas, Texas Woman's University, and the historic Downtown Denton Square. Established businesses, restaurants, entertainment venues, and residential neighborhoods surround the property, placing it within a central commercial setting in Denton.
The building has frontage on W Parkway Street and convenient connections to I-35 and 380. It is located near the University of North Texas, Texas Woman's University, and the historic Downtown Denton Square. Established businesses, restaurants, entertainment venues, and residential neighborhoods surround the property, placing it within a central commercial setting in Denton.
Key Highlights
- 1,470‑square‑foot commercial building on a corner lot
- Configured for multiple tenants
- Large storefront windows provide natural light and street exposure
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
$21,535
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
4.79%
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%
$430,700
$430.7K
Cap Rate 7%
$307,643
$307.6K
Cap Rate 9%
$239,278
$239.3K
Market Conditions
NOI Build-Up for 1,470 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
$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 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%
$430,700
Cap Rate 7%
$307,643
Cap Rate 9%
$239,278
Alternative Uses
Best Use
Retail
$307.6K
$269.2K – $358.9K
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
NOI $32,149 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Multiple-tenant configuration with storefront windows, front parking, and access to I-35 and 380.
Where is this storefront property located?
The property is located at 222 W Parkway Street 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: 1,470‑square‑foot commercial building on a corner lot; Configured for multiple tenants; Large storefront windows provide natural light and street exposure
