Improved Multi-Tenant Mixed-Use
For Sale
$3,400,000
4006 Texoma Parkway, Denison, TX 75020
CommercialSale, Denison, TX
Property Size30,806 SF
Lot Size2.46 Acres
Price / SF$110.37
Days on Market50
Property Features for 4006 Texoma Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot
Subdivision
G-8413
Directions
From US-75 N, take Exit 65 toward FM 691 Grayson College. Turn right onto Grayson Dr, then left onto TX-91 N Texoma Pkwy. Property will be on the right.
Standard status
Active
APN
449836
Lot size
2.46 Acres
Additional Details
Property Use
Office/Warehouse/Flex
Taxes and HOA fees
Tax Description
BREEZY HILL ADDITION, BLOCK 1, LOT 1, ACRES 2
Tax Annual Amount
27850
Legal Description
BREEZY HILL ADDITION, BLOCK 1, LOT 1, ACRES 2
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
1
Number of units
12
Flooring type
Concrete
Building materials
Stucco
Roof type
Flat
Listing Agency:
DHS Realty
Listed By:
Krista Landon
(972) 979-8413
Added: Sep 10
Changed: Oct 29
Last Checked: Oct 29 at 4:06AM
MLS# 21383123
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This multi-tenant mixed-use property contains 30,806 square feet across 12 suites on approximately 2.46 acres. The configuration combines office, warehouse, and flex areas, with concrete flooring and a stucco exterior. The building was constructed in 1979 and has a flat roof, central electric heating, and central air conditioning.
Recent work includes a TPO roof, gutters, stucco siding, HVAC equipment, parking lot improvements, and updated three-phase electrical service. Public water and sewer serve the property. Positioned at 4006 Texoma Parkway in Denison, the site offers access to both Denison and Sherman and includes on-site parking.
Recent work includes a TPO roof, gutters, stucco siding, HVAC equipment, parking lot improvements, and updated three-phase electrical service. Public water and sewer serve the property. Positioned at 4006 Texoma Parkway in Denison, the site offers access to both Denison and Sherman and includes on-site parking.
Key Highlights
- 30,806 SF multi‑tenant property with 12 suites
- Approximately 2.46 acres at 4006 Texoma Parkway, Denison, TX 75020
- Mix of office, warehouse, and flex space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$304,979
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,099,580
$6.1M
Cap Rate 7%
$4,356,843
$4.4M
Cap Rate 9%
$3,388,656
$3.4M
Market Conditions
NOI Build-Up for 30,806 SF
Gross rent
$554.5K $18.00/SF
− Vacancy
−$66.5K −$2.16/SF
EGI
$488.0K $15.84/SF
− OpEx
−$183.0K −$5.94/SF
NOI
$305.0K $9.90/SF
Area
Grayson County, TX
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,099,580
Cap Rate 7%
$4,356,843
Cap Rate 9%
$3,388,656
Alternative Uses
Best Use
Mixed Use
$4.36M
$3.81M – $5.08M
NOI $304,979 @ 7.0% cap · market cap 8.97%
Second Best
Warehouse
$2.78M
$2.44M – $3.25M
NOI $194,867 @ 7.0% cap · market cap 5.73%
Theoretical Best
Hotel Hospitality
$15.80M
$13.83M – $18.44M
NOI $1,106,243 @ 7.0% cap · market cap 32.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
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Business Placement
Demographics for 75020, TX
23,782
Population
10,802
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
90%
High-School Grad
61.0 sq mi
ZIP Area
390
Density / Sq Mi
$66,308
Median Household Income
$38,656
Median Earnings
$1,136
Median Rent
$187,200
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible office, warehouse, and flex-space configuration with recent building and site upgrades.
Where is this mixed-use property located?
The property is located at 4006 Texoma Parkway Denison, TX.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 30,806 SF multi‑tenant property with 12 suites; Approximately 2.46 acres at 4006 Texoma Parkway, Denison, TX 75020; Mix of office, warehouse, and flex space
