Move-In Ready Two-Story Office
414 West Parkway Street, Denton, TX 76201
For Sale
$1,640,000
Updated two-story office layout with private offices, conference rooms, kitchens, and dedicated parking for professional services.
Property Size7,182 SF
Days on Market163
Property Features for 414 West Parkway Street
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Additional Details
Highway Access
Office Units
Building Details
Building Size
Stories
Listing Agency:
SVN | Verus Commercial
Listed By:
Greg Johnson
(940) 594-7717
Source:
Svn
Added: Jun 3
Changed: Oct 28
Last Checked: Nov 12 at 5:51AM
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 SVN | Verus Commercial
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Investment Insights
Based on property information with market context.
414 W. Parkway Street is a fully updated, stand-alone two-story office building designed for day-to-day business operations. The first floor includes a large reception area, an executive conference room, a kitchen, six private offices, and two restrooms. The second floor offers a large bullpen office space, a conference room, a kitchen, six private offices, storage, and two restrooms.
The building is positioned for visibility at the intersection of Carroll Boulevard and Parkway Street in Denton. It provides convenient access to I-35E and Highway 380, with proximity to walkable amenities in the historic Downtown Denton Square.
This property is well suited for professional services, corporate headquarters, or suburban office users seeking a move-in ready environment with multiple work areas for both team collaboration and private office needs. With 32 dedicated private parking spots, it supports a straightforward commute and on-site parking for staff and visitors.
The building is positioned for visibility at the intersection of Carroll Boulevard and Parkway Street in Denton. It provides convenient access to I-35E and Highway 380, with proximity to walkable amenities in the historic Downtown Denton Square.
This property is well suited for professional services, corporate headquarters, or suburban office users seeking a move-in ready environment with multiple work areas for both team collaboration and private office needs. With 32 dedicated private parking spots, it supports a straightforward commute and on-site parking for staff and visitors.
Key Highlights
- Updated two‑story office building with 12 private offices plus reception and bullpen office space
- Includes 2 conference rooms, 2 kitchen/break rooms, and storage
- Two restrooms on each floor (4 total restrooms)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,713
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,254,260
$2.3M
Cap Rate 7%
$1,610,186
$1.6M
Cap Rate 9%
$1,252,367
$1.3M
Market Conditions
NOI Build-Up for 7,182 SF
Gross rent
$193.9K $27.00/SF
− Vacancy
−$43.6K −$6.08/SF
EGI
$150.3K $20.93/SF
− OpEx
−$37.6K −$5.23/SF
NOI
$112.7K $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%
$2,254,260
Cap Rate 7%
$1,610,186
Cap Rate 9%
$1,252,367
Alternative Uses
Best Use
Office B
$1.61M
$1.41M – $1.88M
NOI $112,713 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $157,072 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
12
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,244
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
Properties on Market for Office buildings in Denton
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Updated two-story office layout with private offices, conference rooms, kitchens, and dedicated parking for professional services.
Where is this office building located?
The property is located at 414 West Parkway Street Denton, TX.
What is the asking price?
The asking price for this property is $1,640,000.
What are key features of this property?
This property features: Updated two‑story office building with 12 private offices plus reception and bullpen office space; Includes 2 conference rooms, 2 kitchen/break rooms, and storage; Two restrooms on each floor (4 total restrooms)
