Auto Service Shop with
315 N LOCUST ST, Denton, TX 76201
For Sale
Contact for pricing
Included service equipment and parking support continued automotive operations at this single-story commercial property.
Property Size2,300 SF
Lot Size0.16 Acres
Price / SF$389.13
Days on Market19
Property Features for 315 N LOCUST ST
General Information
Standard status
Size
Lot size
Property subtype
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Road Access
Automotive Uses
Building Details
Buildings
Stories
Listing Agency:
Keller Williams Realty
Listed By:
Cami Hobbs · License OK #182018
(940) 391-1614
Source:
Crexi
Added: Oct 22
Changed: Nov 8
Last Checked: Nov 8 at 3:34PM
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 Keller Williams Realty
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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 single-story auto service property at 315 N. Locust Street contains approximately 2,300 square feet on a 7,000-square-foot lot. Equipment is included, and the site has on-site parking with additional parking at the rear. The property is currently operating as LA Tires.
Situated in downtown Denton, the building has approximately 47 feet of frontage along North Locust Street. Its existing automotive-service use, included equipment, and parking are the principal physical features of the offering.
Situated in downtown Denton, the building has approximately 47 feet of frontage along North Locust Street. Its existing automotive-service use, included equipment, and parking are the principal physical features of the offering.
Key Highlights
- Approximately 2,300 square feet of commercial space on a 7,000‑square‑foot lot
- Equipment included in the sale
- Approximately 47 feet of frontage along North Locust Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,694
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,880
$673.9K
Cap Rate 7%
$481,343
$481.3K
Cap Rate 9%
$374,378
$374.4K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$50.5K $21.96/SF
− Vacancy
−$2.4K −$1.03/SF
EGI
$48.1K $20.93/SF
− OpEx
−$14.4K −$6.28/SF
NOI
$33.7K $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 Rate 5%
$673,880
Cap Rate 7%
$481,343
Cap Rate 9%
$374,378
Alternative Uses
Best Use
Retail
$481.3K
$421.2K – $561.6K
NOI $33,694 @ 7.0% cap · market cap 3.76%
Second Best
Industrial
$187.3K
$163.9K – $218.6K
NOI $13,113 @ 7.0% cap · market cap 1.47%
Theoretical Best
Office A
$718.6K
$628.8K – $838.4K
NOI $50,302 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,235
Businesses Nearby
46k
Monthly Visits Nearby
Well-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
0.2 miles
Rusty Taco
Dining
8,924 visits/mo
0.2 miles
Wells Fargo
Shops & Services
8,868 visits/mo
0.2 miles
Golden Chick
Dining
6,072 visits/mo
0.3 miles
Fuzzy's Taco Shop
Dining
4,312 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Briscoe Alignment & Tire — 822 S Elm St, Denton, TX 76201
- Grease Monkey — 421 Eagle Dr, Denton, TX 76201
- T3 Certified Tire Center — Denton, TX 76201
- Xtra Lube Lube & Oil Change — S Bell Ave, Denton, TX 76201
- Maxx Express Mechanic Clinic — 621 S Elm St, Denton, TX 76201
Frequently Asked Questions
What type of property is this?
Auto shop - Included service equipment and parking support continued automotive operations at this single-story commercial property.
Where is this auto shop located?
The property is located at 315 N LOCUST ST Denton, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Approximately 2,300 square feet of commercial space on a 7,000‑square‑foot lot; Equipment included in the sale; Approximately 47 feet of frontage along North Locust Street
