Multi-Tenant Flex
4006 Texoma Parkway, Denison, TX 75020
For Sale
$3,400,000
CommercialSale, Denison, TX
Property Size30,806 SF
Lot Size2.46 Acres
Price / SF$110.37
Days on Market64
Property Features for 4006 Texoma Parkway
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
DHS Realty
Listed By:
Krista Landon · License TX #0788947
(972) 979-8413
Added: Sep 10
Changed: Nov 10
Last Checked: Nov 12 at 8:06AM
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.
The 30,806-square-foot property contains 12 suites across approximately 2.46 acres. Its spaces combine office, warehouse, and flex functions. Improvements include a TPO roof, gutters, stucco exterior, HVAC, a paved parking lot, and updated three-phase electrical service. The building dates to 1979 and has concrete flooring, central heating and air conditioning, public water, and public sewer.
The site fronts Texoma Parkway and provides access to Denison and Sherman. The building’s multiple suites and varied space types form its core physical configuration.
The site fronts Texoma Parkway and provides access to Denison and Sherman. The building’s multiple suites and varied space types form its core physical configuration.
Key Highlights
- 30,806 square feet across approximately 2.46 acres
- 12 suites with office, warehouse, and flex space
- Recent updates include a TPO roof, gutters, stucco siding, HVAC, and parking lot
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
Office A
$10.84M
$9.48M – $12.64M
NOI $758,567 @ 7.0% cap · market cap 22.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Well-served
Demand for This Use
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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
$187,200
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Denison, TX
Properties on Market for Flex space in Denison
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office, warehouse, and flex areas are arranged across multiple suites on Texoma Parkway.
Where is this flex space 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 square feet across approximately 2.46 acres; 12 suites with office, warehouse, and flex space; Recent updates include a TPO roof, gutters, stucco siding, HVAC, and parking lot
