Flex Space with Office
For Sale
Contact for pricing
2414 N Elm Street, Denton, TX 76201
Five front offices are complemented by a kitchen and dedicated storage space.
Property Size1,740 SF
Price / SF$2.87
Days on Market9
Property Features for 2414 N Elm Street
General Information
Standard status
Active
Size
1,740 SF
Total Parking Spaces
11
Property subtype
Warehouse
Additional Details
Property Use
Office Warehouse
Amenities
Kitchen
Building Details
Year Built
1985
Listing Agency:
WILLIAMS & WILLIAMS, REALTORS
(940) 383-2712
Listed By:
EDDIE WILLIAMS · License #0467652
(940) 368-2043
Source:
Ember-realty
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:00PM
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 WILLIAMS & WILLIAMS, REALTORS
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Investment Insights
Based on property information with market context.
Built in 1985, this flex property combines five offices at the front with a kitchen equipped with a sink, refrigerator, and cabinets. ADA bathrooms serve the building, and a separate storage area provides additional interior space. The property also has 11 parking spaces.
Key Highlights
- Five front offices
- Kitchen includes a sink, refrigerator, and cabinets
- ADA bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,921
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,420
$198.4K
Cap Rate 7%
$141,729
$141.7K
Cap Rate 9%
$110,233
$110.2K
Market Conditions
NOI Build-Up for 1,740 SF
Gross rent
$15.7K $9.00/SF
− Vacancy
−$1.5K −$0.86/SF
EGI
$14.2K $8.15/SF
− OpEx
−$4.3K −$2.44/SF
NOI
$9.9K $5.70/SF
Area
Denton, TX
Vacancy
9.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,420
Cap Rate 7%
$141,729
Cap Rate 9%
$110,233
Alternative Uses
Best Use
Flex RnD
$261.7K
$229.0K – $305.4K
NOI $18,322 @ 7.0% cap · market cap 366.44%
Second Best
Warehouse
$172.9K
$151.3K – $201.7K
NOI $12,100 @ 7.0% cap · market cap 242.00%
Theoretical Best
Office A
$543.6K
$475.7K – $634.2K
NOI $38,054 @ 7.0% cap · market cap 761.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
770
Businesses Nearby
Under-served
Demand for This Use
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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
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- TWU Catering — 304 Administration Dr, Denton, TX 76201
Frequently Asked Questions
What type of property is this?
Flex space - Five front offices are complemented by a kitchen and dedicated storage space.
Where is this flex space located?
The property is located at 2414 N Elm Street Denton, TX.
What are key features of this property?
This property features: Five front offices; Kitchen includes a sink, refrigerator, and cabinets; ADA bathrooms
