Multi-Tenant Mixed-Use
New
For Sale
$3,400,000
4006 Texoma Parkway, Denison, TX 75020
Updated commercial property combines office, warehouse, and flex-space configurations across multiple suites.
Property Size30,806 SF
Lot Size2.46 Acres
Price / SF$110.37
Days on Market2
Property Features for 4006 Texoma Parkway
General Information
Standard status
Active
Size
30,806 SF
Lot size
2.46 Acres
Property subtype
Business
Additional Details
Road Access
Yes
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$27,850
Building Details
Building Size
30,806 SF
Year Built
1979
Tenancy
Multi
Listing Agency:
DHS Realty
Listed By:
Krista Landon · License #0788947
(972) 979-8413
Source:
Texasliferealestate
Added: Sep 12
Last Checked: Sep 12 at 2:22PM
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 DHS Realty
Investment Insights
Based on property information with market context.
Built in 1979, this mixed-use commercial property contains 30,806 square feet across 12 suites and approximately 2.46 acres. The configuration includes office, warehouse, and flex space, creating a varied commercial layout within one property. Recent improvements include a new TPO roof, gutters, stucco siding, HVAC, parking lot, and updated three-phase electrical service.
The property fronts Texoma Parkway in Denison, providing visibility along the corridor and access to both Denison and Sherman. Its multi-suite design supports a range of commercial space configurations while keeping office, warehouse, and flex components within the same overall asset.
The property fronts Texoma Parkway in Denison, providing visibility along the corridor and access to both Denison and Sherman. Its multi-suite design supports a range of commercial space configurations while keeping office, warehouse, and flex components within the same overall asset.
Key Highlights
- 30,806 SF multi‑tenant property on approximately 2.46 acres
- 12 suites with office, warehouse, and flex space
- New TPO roof, gutters, stucco siding, and HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$304,979
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated commercial property combines office, warehouse, and flex-space configurations across multiple suites.
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 on approximately 2.46 acres; 12 suites with office, warehouse, and flex space; New TPO roof, gutters, stucco siding, and HVAC
