Office Condo in Mixed-Use
405 S Elm Street #304 Denton, TX 76201
405 S Elm Street #304, Denton, TX, 76201
$199,950
For Sale
$199,950
Office condo offered for sale within a mixed-use live/work/play development near the Historic Downtown Square.
Property Size550 SF
Price / SF$363.55
Days on Market91
Property Features for 405 S Elm Street #304
General Information
- Standard status
- Active
- Size
- 550 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1995
Listing agency
Real T Team by eXp
(888) 560-3964
Listed by
Ashton Young
Source
Signaturere
Added: Apr 22 Updated: Jul 20 at 8:59PM Checked: Jul 20 at 8:59PM
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
Investment Insights
Based on property information with market context.
This for-sale office condo is located within one of Denton’s first mixed-use Live Work Play developments, offering an ownership opportunity in a purpose-built environment designed to combine work and daily activity. The listing notes multiple office units are available for purchase within the same development.
The property at 405 S Elm Street #304 is positioned within walking distance of the Historic Downtown Square, providing convenient access for residents and visitors in the area.
The property at 405 S Elm Street #304 is positioned within walking distance of the Historic Downtown Square, providing convenient access for residents and visitors in the area.
Key Highlights
- Office condo in a live/work/play mixed‑use development
- Year built: 1995
- Located within walking distance of the Historic Downtown Square in Denton
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.9k | $27.00 |
| − Vacancy | −$3.3k | −$6.08 |
| EGI | $11.5k | $20.93 |
| − OpEx | −$2.9k | −$5.23 |
| NOI | $8.6k | $15.69 |
550 SF · lease $27.00/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$123.3K
$107.9K – $143.9K
NOI $8,632 @ 7.0% cap · market cap 4.32%
Second Best
Mixed Use
$103.7K
$90.8K – $121.0K
NOI $7,260 @ 7.0% cap · market cap 3.63%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
REACH of Denton
Social Service Agency
Dr. McGregor's office
Physician
TCG Haus
(Bike/Boat/Book/etc) Store
Needle N Ink ...
Tattoo & Piercing Shop
LaborMax Staffing - Denton ...
Employment Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Office condo offered for sale within a mixed-use live/work/play development near the Historic Downtown Square.
Where is this live-work space 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 live/work/play mixed‑use development; Year built: 1995; Located within walking distance of the Historic Downtown Square in Denton
