Residential Income
New
For Sale
$1,225,000
2515-2519 W Prairie, Denton, TX 76201
The property includes central air conditioning and a dedicated parking lot.
Property Size6,672 SF
Days on Market2
Property Features for 2515-2519 W Prairie
General Information
Standard status
Active
Size
6,672 SF
Property subtype
Apartment
Building Details
Building Size
6,672 SF
Year Built
1984
Listing Agency:
Post Oak Realty, LLC
Listed By:
Jesse Woolery · License #0717065
(940) 595-1378
Source:
Baerealty
Added: Nov 3
Last Checked: Nov 3 at 3:41AM
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 Post Oak Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property at 2515-2519 W. Prairie in Denton was built in 1984. Interior features include central air conditioning, electric service, a dishwasher, and an open floorplan. A parking lot serves the property.
Key Highlights
- Built in 1984
- Central air conditioning, electric service, and a dishwasher
- Open‑floorplan interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,454
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,029,080
$2.0M
Cap Rate 7%
$1,449,343
$1.4M
Cap Rate 9%
$1,127,267
$1.1M
Market Conditions
NOI Build-Up for 6,672 SF
Gross rent
$206.6K $30.96/SF
− Vacancy
−$22.1K −$3.31/SF
EGI
$184.5K $27.65/SF
− OpEx
−$83.0K −$12.44/SF
NOI
$101.5K $15.21/SF
Area
Denton, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,029,080
Cap Rate 7%
$1,449,343
Cap Rate 9%
$1,127,267
Alternative Uses
Best Use
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,454 @ 7.0% cap · market cap 8.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,918 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
838
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
Frequently Asked Questions
What type of property is this?
Residential income property - The property includes central air conditioning and a dedicated parking lot.
Where is this residential income property located?
The property is located at 2515-2519 W Prairie Denton, TX.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Built in 1984; Central air conditioning, electric service, and a dishwasher; Open‑floorplan interior
