Multi-Suite Flex
New
For Sale
$3,400,000
4006 Texoma Pkwy, Denison, TX 75020
Office, warehouse, and flex areas provide varied commercial space within one property.
Property Size30,806 SF
Lot Size2.46 Acres
Price / SF$110.37
Days on Market2
Property Features for 4006 Texoma Pkwy
General Information
Standard status
Active
Size
30,806 SF
Lot size
2.46 Acres
Property subtype
Commercial
Additional Details
Road Access
Yes
Three-Phase Power
Yes
Property Use
Office, Warehouse, Flex Space
Taxes and HOA fees
Annual Taxes
$27,850
Building Details
Year Built
1979
Stories
1
Building Size
30,806 SF
Tenancy
Multi
Listing Agency:
DHS Realty
Listed By:
Krista Landon · License #0788947
(903) 718-2937
Source:
Dfwrealtorsoftexas
Added: Oct 29
Last Checked: Oct 29 at 2:33PM
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
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Investment Insights
Based on property information with market context.
This flex property contains 30,806 square feet across 12 suites, with office, warehouse, and flex areas. Built in 1979, the building has received updates to its TPO roof, gutters, stucco exterior, HVAC, parking lot, and three-phase electrical service. The improvements span building systems, exterior components, and site paving.
The property occupies approximately 2.46 acres along Texoma Parkway in Denison, with access to Denison and Sherman. Its suite layout combines several types of commercial space within a single property.
The property occupies approximately 2.46 acres along Texoma Parkway in Denison, with access to Denison and Sherman. Its suite layout combines several types of commercial space within a single property.
Key Highlights
- 30,806 SF building with 12 suites
- Approximately 2.46 acres along Texoma Parkway
- Office, warehouse, and flex space mix
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$194,867
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,897,340
$3.9M
Cap Rate 7%
$2,783,814
$2.8M
Cap Rate 9%
$2,165,189
$2.2M
Market Conditions
NOI Build-Up for 30,806 SF
Gross rent
$251.4K $8.16/SF
− Vacancy
−$22.1K −$0.72/SF
EGI
$229.3K $7.44/SF
− OpEx
−$34.4K −$1.12/SF
NOI
$194.9K $6.33/SF
Area
Grayson County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,897,340
Cap Rate 7%
$2,783,814
Cap Rate 9%
$2,165,189
Alternative Uses
Best Use
Warehouse
$2.78M
$2.44M – $3.25M
NOI $194,867 @ 7.0% cap · market cap 5.73%
Second Best
Industrial
$2.29M
$2.01M – $2.67M
NOI $160,479 @ 7.0% cap · market cap 4.72%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Balanced
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office, warehouse, and flex areas provide varied commercial space within one property.
Where is this flex space located?
The property is located at 4006 Texoma Pkwy 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 building with 12 suites; Approximately 2.46 acres along Texoma Parkway; Office, warehouse, and flex space mix
