Building Details

Buildings 3

Listing Agency: Frazier Commercial Real Estate

Listed By: Tyler Edwards · License #738737 Show Phone

Source: Crexi

Added: Jul 13 Changed: Oct 17 Last Checked: Oct 16 at 7:39AM

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Investment Insights

Based on property information with market context.

This mixed-use property combines two separate parcels totaling 2.00+/- acres and 5,920 SF across three buildings. The parcel at 4827 N Hwy 91 contains approximately 1 acre and a 2,640 SF building within city limits. It is commercially zoned and includes Hwy 91 frontage, a pipe-fenced yard, septic service, and CoOp water.

The second approximately 1-acre parcel at 4614 Stinson Rd is outside city limits and includes two buildings with 3,280 SF combined. This tract also has Hwy 91 frontage, along with a chain-link fenced yard, septic system, and CoOp water. The property is less than 0.5 miles from Hwy 75 and approximately 1.5 miles from Denison Dam and Lake Texoma.

Key Highlights

• Two parcels totaling 2.00+/- acres
• Three buildings with 5,920 SF of total space
• 4827 N Hwy 91 includes a 2,640 SF building on approximately 1 acre

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,839

Cap Rate

5.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$616,780 $616.8K

Cap Rate 7%

$440,557 $440.6K

Cap Rate 9%

$342,656 $342.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,920 SF

Gross rent

$48.3K $8.16/SF

− Vacancy

−$4.3K −$0.72/SF

EGI

$44.1K $7.44/SF

− OpEx

−$13.2K −$2.23/SF

NOI

$30.8K $5.21/SF

Area

Grayson County, TX

Vacancy

8.80%

Lease Rate

$8.16 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$616,780

Cap Rate 7%

$440,557

Cap Rate 9%

$342,656

Alternative Uses

Best Use

Mixed Use

$837.3K

$732.6K – $976.8K (±1% cap)

NOI $58,608 @ 7.0% cap · market cap 11.16%

Second Best

Industrial

$440.6K

$385.5K – $514.0K (±1% cap)

NOI $30,839 @ 7.0% cap · market cap 5.87%

Theoretical Best

Hotel Hospitality

$3.04M

$2.66M – $3.54M (±1% cap)

NOI $212,587 @ 7.0% cap · market cap 40.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store Grocery & Convenience Store Carpet & Flooring Store Building Supply Wine and Liquor Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

105

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

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two fenced parcels provide separate buildings, septic systems, and CoOp water service.

Where is this mixed-use property located?

The property is located at 4827 N Hwy 91 Denison, TX.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: Two parcels totaling 2.00+/- acres; Three buildings with 5,920 SF of total space; 4827 N Hwy 91 includes a 2,640 SF building on approximately 1 acre