Corner Office
For Sale
$450,000
222 W Parkway Street, Denton, TX 76201
CommercialSale, Denton, TX
Property Size1,470 SF
Lot Size0.05 Acres
Price / SF$306.12
Days on Market116
Property Features for 222 W Parkway Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
DC-G
Subdivision
Lacy Add
Lot features
Historic District
Directions
Located at the corner of W Parkway Street and Bolivar Street, just minutes from the Downtown Denton Square. Use GPS.
Standard status
Active
APN
R26874
Lot size
0.05 Acres
Taxes and HOA fees
Tax Description
LACY ADDN BLK 3 LOT 9(E54') ACRES .0545
Tax Annual Amount
1315
Legal Description
LACY ADDN BLK 3 LOT 9(E54') ACRES .0545
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Number of units
3
Flooring type
Carpet, Tile
Building materials
Concrete
Roof type
Flat
Listing Agency:
INC Realty, LLC
Listed By:
Melissa Cooper
(972) 351-1095
Added: Jun 25
Changed: Oct 16
Last Checked: Oct 18 at 5:06PM
MLS# 21287074
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 222 W Parkway Street, this office building occupies a corner lot with frontage along W Parkway Street. The property is configured for multiple tenants and includes storefront windows, front parking, carpet and tile flooring, central heating, and central air conditioning. Concrete construction and a flat roof support the existing commercial setup.
The site is served by public water and public sewer. Its Denton location provides access to I-35 and 380, the University of North Texas, and Texas Woman’s University. Established businesses, restaurants, entertainment venues, and residential neighborhoods surround the property, while its position near Downtown Denton Square places it within a central commercial setting.
The site is served by public water and public sewer. Its Denton location provides access to I-35 and 380, the University of North Texas, and Texas Woman’s University. Established businesses, restaurants, entertainment venues, and residential neighborhoods surround the property, while its position near Downtown Denton Square places it within a central commercial setting.
Key Highlights
- 0.054‑acre corner lot at 222 W Parkway Street, Denton, TX 76201
- Frontage on W Parkway Street with storefront windows and front parking
- Configured for multiple tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,070
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,400
$461.4K
Cap Rate 7%
$329,571
$329.6K
Cap Rate 9%
$256,333
$256.3K
Market Conditions
NOI Build-Up for 1,470 SF
Gross rent
$39.7K $27.00/SF
− Vacancy
−$8.9K −$6.08/SF
EGI
$30.8K $20.93/SF
− OpEx
−$7.7K −$5.23/SF
NOI
$23.1K $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%
$461,400
Cap Rate 7%
$329,571
Cap Rate 9%
$256,333
Alternative Uses
Best Use
Office B
$329.6K
$288.4K – $384.5K
NOI $23,070 @ 7.0% cap · market cap 5.13%
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant configuration with storefront windows, front parking, and access to Denton’s major institutions and transportation routes.
Where is this office building 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: 0.054‑acre corner lot at 222 W Parkway Street, Denton, TX 76201; Frontage on W Parkway Street with storefront windows and front parking; Configured for multiple tenants
