Office Condo Near University
For Sale
$200,000
4216 N Interstate 35, Denton, TX 76207
1,152 SF office condo suitable for professional or medical use.
Property Size1,152 SF
Price / SF$173.61
Days on Market101
Property Features for 4216 N Interstate 35
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
Keller Williams Realty
(940) 367-2180
Listed By:
SEVRI TJANDRAMULIA · License #0554257
(940) 382-4663
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 30 at 12:43PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 1,152 square foot office condominium is located on the I-35 Frontage Road within the Greenway Plaza Office complex, near shopping and dining options close to University Drive. The space features a welcoming front lobby, a spacious common area equipped with a sink and cabinets, 3 office rooms, and 2 restrooms, making it suitable for both professional and medical office applications. The monthly Condo POA Fee is $250, which covers water and trash services.
Key Highlights
- Located on I‑35 Frontage Road within Greenway Plaza Office complex.
- Suitable for professional or medical office applications.
- Features a welcoming front lobby and spacious common area with sink and cabinets.
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 | $31.1k | $27.00 |
| − Vacancy | −$7.0k | −$6.08 |
| EGI | $24.1k | $20.93 |
| − OpEx | −$6.0k | −$5.23 |
| NOI | $18.1k | $15.69 |
1,152 SF · lease $27.00/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$258.3K
$226.0K – $301.3K
NOI $18,079 @ 7.0% cap · market cap 9.04%
Second Best
Healthcare Medical
$239.9K
$210.0K – $279.9K
NOI $16,796 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$359.9K
$314.9K – $419.9K
NOI $25,195 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 76207, TX
16,097
Population
7,657
Households
2.1
Avg Household Size
41
Median Age
45%
College-Educated
93%
High-School Grad
40.3 sq mi
ZIP Area
399
Density / Sq Mi
$91,026
Median Household Income
$41,830
Median Earnings
$1,654
Median Rent
$361,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 1,152 SF office condo suitable for professional or medical use.
Where is this office units located?
The property is located at 4216 N Interstate 35 Denton, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Located on I‑35 Frontage Road within Greenway Plaza Office complex.; Suitable for professional or medical office applications.; Features a welcoming front lobby and spacious common area with sink and cabinets.
