Renovated Warehouse with Loading
For Sale
$375,000
401 West Coffin St, Denison, TX 75020
Renovated industrial space offers both grade-level and dock-well loading.
Property Size5,000 SF
Price / SF$75
Days on Market66
Property Features for 401 West Coffin St
General Information
Standard status
Active
Size
5,000 SF
Additional Details
Clear Height
18 ft
Building Details
Year Built
1970
Building Size
5,000 SF
Listing Agency:
Preston Bend Real Estate
Listed By:
Randy Jay · License #611516
(972) 413-0375
Source:
Minteerteam
Added: Aug 19
Changed: Oct 4
Last Checked: Oct 7 at 2:45PM
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 Preston Bend Real Estate
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Investment Insights
Based on property information with market context.
This 5,000-square-foot warehouse was built in 1970 and has been renovated inside and out. The building provides 18-foot clear height, supporting a range of industrial storage and operational requirements.
Loading is available through both grade-level access and a dock well, giving occupants multiple options for receiving and shipping. The property is located at 401 West Coffin St in Denison, Texas.
Loading is available through both grade-level access and a dock well, giving occupants multiple options for receiving and shipping. The property is located at 401 West Coffin St in Denison, Texas.
Key Highlights
- 5,000 SF industrial warehouse
- Renovated inside and out
- 18’ clear ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,628
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,560
$632.6K
Cap Rate 7%
$451,829
$451.8K
Cap Rate 9%
$351,422
$351.4K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$40.8K $8.16/SF
− Vacancy
−$3.6K −$0.72/SF
EGI
$37.2K $7.44/SF
− OpEx
−$5.6K −$1.12/SF
NOI
$31.6K $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%
$632,560
Cap Rate 7%
$451,829
Cap Rate 9%
$351,422
Alternative Uses
Best Use
Warehouse
$451.8K
$395.4K – $527.1K
NOI $31,628 @ 7.0% cap · market cap 8.43%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.56M
$2.24M – $2.99M
NOI $179,550 @ 7.0% cap · market cap 47.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
18 ft
Clear height
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Balanced
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
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- A-Alpha Self Storage — 401 W Coffin St # 431, Denison, TX 75020
- AAA Storage — 1725 S Armstrong Ave, Denison, TX 75020
Frequently Asked Questions
What type of property is this?
Warehouse - Renovated industrial space offers both grade-level and dock-well loading.
Where is this warehouse located?
The property is located at 401 West Coffin St Denison, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 5,000 SF industrial warehouse; Renovated inside and out; 18’ clear ceiling height
