Mixed-Use Building with
New
For Sale
$850,000
414 W Main Street, Denison, TX 75020
The upper level offers residential-style loft space, while a local business occupies the ground floor under a month-to-month lease.
Property Size6,000 SF
Price / SF$141.67
Days on Market3
Property Features for 414 W Main Street
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Retail
Financials
Asking Price
$850,000
Opportunity Zone
Yes
Taxes and HOA fees
Annual Taxes
$12,254
Building Details
Building Size
6,000 SF
Year Built
1903
Buildings
1
Stories
2
Construction
Post Modern
Listing Agency:
Tracy Realty
Listed By:
Johnathan McLeod · License #0468337
(972) 732-6000
Source:
Texasliferealestate
Added: Oct 11
Last Checked: Oct 13 at 2:57AM
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 Tracy Realty
Investment Insights
Based on property information with market context.
This two-story mixed-use property was built in 1903 and has been restored for continued operation. The upper floor contains approximately 3,000 square feet of open loft space, with built-in furnishings, two 4-by-4-foot skylights, tall windows, a ventless fireplace, and a kitchen. Its bathroom includes a jetted tub and a walk-in shower. The ground floor adds approximately 3,000 square feet and is leased to a local business on a month-to-month basis.
The building is on Main Street in Denison’s historic business district and is located within an Opportunity Zone. The upper-floor layout provides residential-style space alongside the commercial occupancy below.
The building is on Main Street in Denison’s historic business district and is located within an Opportunity Zone. The upper-floor layout provides residential-style space alongside the commercial occupancy below.
Key Highlights
- Two‑story mixed‑use building constructed in 1903
- Approximately 3,000 square feet on each floor
- Ground floor leased to a local business on a month‑to‑month basis
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,400
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,000
$1.2M
Cap Rate 7%
$848,571
$848.6K
Cap Rate 9%
$660,000
$660.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$108.0K $18.00/SF
− Vacancy
−$13.0K −$2.16/SF
EGI
$95.0K $15.84/SF
− OpEx
−$35.6K −$5.94/SF
NOI
$59.4K $9.90/SF
Area
Grayson County, TX
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,000
Cap Rate 7%
$848,571
Cap Rate 9%
$660,000
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.66M
NOI $99,590 @ 7.0% cap · market cap 11.72%
Second Best
Mixed Use
$848.6K
$742.5K – $990.0K
NOI $59,400 @ 7.0% cap · market cap 6.99%
Theoretical Best
Hotel Hospitality
$3.08M
$2.69M – $3.59M
NOI $215,460 @ 7.0% cap · market cap 25.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
893
Businesses Nearby
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 Retail in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The upper level offers residential-style loft space, while a local business occupies the ground floor under a month-to-month lease.
Where is this mixed-use property located?
The property is located at 414 W Main Street Denison, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑story mixed‑use building constructed in 1903; Approximately 3,000 square feet on each floor; Ground floor leased to a local business on a month‑to‑month basis
