Pad-Ready Commercial Land in
US 380 at Old North Road land, Denton, TX 76209
Prime commercial frontage in Denton, TX, with utilities and entitlements.
Type:Land, Mixed Use, Retail
Property size:
37,586 SFLot size:
8.24 AcresPrice / SF:
$266/SF- Added:
- Aug 30, 2021
- Days on Market:
- 1751
- Last Refresh:
- May 20 at 8:15 pm
Property Features for US 380 at Old North Road land
General Information
- Standard status
- Active
- Size
- 37,586 SF
- Lot size
- 8.24 Acres
- Property subtype
- Land, Mixed Use, Retail
Building Details
- Year Built
- 2024
Listing agent Stephen Schattner License #TX 0502217
Listing office Imperium Holdings LP
Listing date Aug 30, 2021
Source Crexi
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 Imperium Holdings LP
HighLights
- Pad‑ready commercial frontage with all utilities and entitlements in place, streamlining development.
- Located in a high‑traffic area on US 380 inside Loop 288, with a full median opening for unimpeded access and high visibility to over 27,000 cars daily.
- Part of Sereno, an 18‑acre mixed‑use development with 277 Class‑A residential units and upscale shop/dining/office space, creating a built‑in customer base.
- Fills a retail‑restaurant gap in east Denton, a trade area with limited competition due to physical barriers and parceling issues.
- Ag exemptions in place resulting in low property tax and low assessments.
- Seller financing is available.
Overview
This commercial property is part of the Sereno development, an 18-acre mixed-use project in Denton, Texas. The property, with completed preliminary plat and all utilities, is pad-ready and fully entitled. The site is zoned PD (SC retail base zoning) and is ideal for various commercial uses, including banks, fuel operations, consumer services and goods, and restaurants. The development includes approximately 37,000 square feet of upscale shop space, fine dining establishments, and office space, along with 277 Class-A residential units. Sereno features on-site amenities such as retail, waterfront and outdoor dining, splash fountains, public art, and dog-friendly parks. Located at the northwest corner of US 380 at Old North, inside Loop 288, Sereno is positioned at the first signalized interchange. It is located within one mile of Texas Women’s University and within three miles of The University of North Texas. The property benefits from high visibility, with over 27,000 cars passing by daily along US 380. A full median opening along the site’s half-mile frontage provides unimpeded access. The site work leveling is complete. The property is one of the last remaining undeveloped tracts of land on the US 380 corridor inside the Loop and fills a retail-restaurant gap in east Denton, serving residents of Texas Women’s University and the surrounding population. The property includes a half-acre lake, with waterfront restaurant opportunities available. Multi-tenant retail space and restaurant sites are currently preleasing, with construction to commence soon. The property has existing entitlements.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $825.4k | $21.96 |
| − Vacancy | −$38.8k | −$1.03 |
| EGI | $786.6k | $20.93 |
| − OpEx | −$236.0k | −$6.28 |
| NOI | $550.6k | $14.65 |
37,586 SF · lease $21.96/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$7.87M
$6.88M – $9.18M
NOI $550,617 @ 7.0% cap · market cap 5.51%
Second Best
Mixed Use
$7.09M
$6.20M – $8.27M
NOI $496,135 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$11.74M
$10.28M – $13.70M
NOI $822,015 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Commercial land
Map
- City
- Denton
- County
- Denton
- State
- Texas
- Longitude
- -97.1112
- Latitude
- 33.236
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Prime commercial frontage in Denton, TX, with utilities and entitlements.
Where is this commercial land located?
The property is located at US 380 at Old North Road land Denton, TX.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Pad‑ready commercial frontage with all utilities and entitlements in place, streamlining development.; Located in a high‑traffic area on US 380 inside Loop 288, with a full median opening for unimpeded access and high visibility to over 27,000 cars daily.; Part of Sereno, an 18‑acre mixed‑use development with 277 Class‑A residential units and upscale shop/dining/office space, creating a built‑in customer base.
