Office Condo in Mixed-Use
New
For Sale
$199,950
405 S Elm Street 304, Denton, TX 76201
The office condo is part of a mixed-use development near Denton's Historic Downtown Square.
Property Size550 SF
Price / SF$363.55
Days on Market4
Property Features for 405 S Elm Street 304
General Information
Standard status
Active
Size
550 SF
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Building Size
550 SF
Year Built
1995
Listing Agency:
Real T Team by eXp
Listed By:
Ashton Young · License #0673331
(940) 312-2170
Source:
Reserve76
Added: Oct 31
Last Checked: Nov 3 at 8:43AM
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 Real T Team by eXp
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Investment Insights
Based on property information with market context.
This office condo is located within a mixed-use Live Work Play development built in 1995. Multiple office units are available for purchase.
The property is within walking distance of Denton's Historic Downtown Square. Nearby context includes apartment units and complementary businesses.
The property is within walking distance of Denton's Historic Downtown Square. Nearby context includes apartment units and complementary businesses.
Key Highlights
- Office condo in a mixed‑use Live Work Play development
- Built in 1995
- Within walking distance of Denton's Historic Downtown Square
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,632
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,640
$172.6K
Cap Rate 7%
$123,314
$123.3K
Cap Rate 9%
$95,911
$95.9K
Market Conditions
NOI Build-Up for 550 SF
Gross rent
$14.9K $27.00/SF
− Vacancy
−$3.3K −$6.08/SF
EGI
$11.5K $20.93/SF
− OpEx
−$2.9K −$5.23/SF
NOI
$8.6K $15.69/SF
Area
Denton, TX
Vacancy
22.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,640
Cap Rate 7%
$123,314
Cap Rate 9%
$95,911
Alternative Uses
Best Use
Office B
$123.3K
$107.9K – $143.9K
NOI $8,632 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$171.8K
$150.4K – $200.5K
NOI $12,029 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,192
Businesses Nearby
Explore this area
Business Placement
Demographics for 76201, TX
27,610
Population
13,087
Households
2.1
Avg Household Size
26
Median Age
46%
College-Educated
95%
High-School Grad
5.5 sq mi
ZIP Area
5,020
Density / Sq Mi
$37,863
Median Household Income
$18,308
Median Earnings
$1,128
Median Rent
$250,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The office condo is part of a mixed-use development near Denton's Historic Downtown Square.
Where is this office unit located?
The property is located at 405 S Elm Street 304 Denton, TX.
What is the asking price?
The asking price for this property is $199,950.
What are key features of this property?
This property features: Office condo in a mixed‑use Live Work Play development; Built in 1995; Within walking distance of Denton's Historic Downtown Square
