Two-Story Office
For Sale
Contact for pricing
2438 Lillian Miller Pky, Denton, TX 76205
Class B office property with shared common areas and on-site surface parking.
Property Size7,146 SF
Price / SF$209.98
Days on Market60
Property Features for 2438 Lillian Miller Pky
General Information
Standard status
Active
Size
7,146 SF
Class
B
Total Parking Spaces
21
Property subtype
Office
Zoning
MN
Additional Details
Highway Access
Yes
Amenities
shared common areas
Building Details
Year Built
1998
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
KW Commercial Denton
Listed By:
Carlos Urquidez · License #TX 0654104
(940) 484-9411
Source:
Crexi
Added: Aug 20
Changed: Oct 13
Last Checked: Oct 16 at 7:04AM
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 KW Commercial Denton
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Investment Insights
Based on property information with market context.
Built in 1998, this Class B office property provides 7,146 square feet across two stories at 2438 Lillian Miller Pky. The building includes adaptable office space, shared common areas, and 21 on-site surface parking spaces. MN zoning is reported for the property.
Access is available via I-35E and Loop 288, with retail, dining, and services located in Denton. The property combines a two-level office configuration with established site improvements and direct access to the surrounding commercial area.
Access is available via I-35E and Loop 288, with retail, dining, and services located in Denton. The property combines a two-level office configuration with established site improvements and direct access to the surrounding commercial area.
Key Highlights
- 7,146 SF of office space across two stories
- 21 on‑site surface parking spaces
- Built in 1998
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,148
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,242,960
$2.2M
Cap Rate 7%
$1,602,114
$1.6M
Cap Rate 9%
$1,246,089
$1.2M
Market Conditions
NOI Build-Up for 7,146 SF
Gross rent
$192.9K $27.00/SF
− Vacancy
−$43.4K −$6.08/SF
EGI
$149.5K $20.93/SF
− OpEx
−$37.4K −$5.23/SF
NOI
$112.1K $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%
$2,242,960
Cap Rate 7%
$1,602,114
Cap Rate 9%
$1,246,089
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.87M
NOI $112,148 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,285 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,015
Businesses Nearby
Explore this area
Business Placement
Demographics for 76205, TX
18,969
Population
8,114
Households
2.3
Avg Household Size
29
Median Age
39%
College-Educated
88%
High-School Grad
8.3 sq mi
ZIP Area
2,285
Density / Sq Mi
$65,322
Median Household Income
$31,173
Median Earnings
$1,368
Median Rent
$307,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Class B office property with shared common areas and on-site surface parking.
Where is this office building located?
The property is located at 2438 Lillian Miller Pky Denton, TX.
What is the asking price?
The asking price for this property is $1,500,500.
What are key features of this property?
This property features: 7,146 SF of office space across two stories; 21 on‑site surface parking spaces; Built in 1998
