Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Mixed-Use Office/Restaurant Building Title is generated by Realmo AI

    503 Bolivar Street, Denton, TX 76201

    View on Map
    Claim this Listing
    For Sale
    $450,000

    SINGLE_FAMILY - Denton, TX

    Type:Office
    Lot size:
    0.26 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    50
    Last Refresh:
    Jun 3 at 1:06 pm

    Property Features for 503 Bolivar Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Driveway
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    R27234
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Description
    A0971A WM NEILL, TR 1, .2582 ACRES
    Tax Annual Amount
    7183

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1948
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Wood
    Building materials
    Frame, WoodSiding
    Roof type
    Composition

    We can help!

    Listing Contact
    DAPHNE ZOLLINGER
    DAPHNE ZOLLINGER

    Listing agent DAPHNE ZOLLINGER License #0511789

    Listing office Daphne Real Estate, LLC Denton, TX

    Listing date Apr 15, 2026

    MLS# 21201658

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Seller financing available.
    • Existing 1948/1950s‑era structure previously used as a counseling center—can be owner‑occupied or leased as executive suites (3–4 rooms).
    • Flexible MN zoning with permitted uses listed as office, retail, restaurant, multifamily, institutional, or hospitality.
    • Just blocks from the Denton Square and near the Downtown Transit Center.
    • Central heating and central A/C; roof is composition; frame with wood siding; wood flooring.
    • Public utilities: public water and public sewer; accessible approach with ramp; driveway parking.

    Overview

    This property features an existing 1950s building previously used as a counseling center. It presents a practical opportunity for an owner to occupy the entire space, while also supporting a smaller-scale approach with the potential to lease out three to four rooms as executive suites.

    Located just blocks from Denton Square, the site benefits from a premier downtown setting near shops, restaurants, music venues, and the Downtown Transit Center. The property also has clear visibility from the street, and the surrounding district is described as undergoing continued revitalization through the City of Denton’s DESIGN DOWNTOWN DENTON initiative.

    Zoned with flexible MN zoning, the building is positioned for a range of uses, including office, retail, restaurant, multi-family, institutional, and hospitality. That breadth can make it an attractive fit for operators seeking a downtown presence, as well as buyers who want flexibility between owner-occupancy and room-by-room leasing. Seller financing is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    United Through H.O.P.E. Medical Clinic Arch Angels Funeral ... Social Service Agency Chelsey Thatcher Counselor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.1354896
    Latitude
    33.2182587

    Nearby Similar for Sale

    • $799,000

      Medical Building Near Medical City

      Purpose-built medical building with exam rooms and private offices.
      3204 Colorado Boulevard, Denton, TX 76210
      View Details
    • $500,000

      Touchless Car Wash with Office

      Well-equipped touchless in-bay wash with filtration and vacuum stations, plus an on-site office and support rooms.
      1704 Teasley Lane, Denton, TX 76205
      View Details
    • $495,000

      Historic Office Building with Parking

      Converted 1918 property offers preserved character, central HVAC, private offices, and off-street parking for client convenience.
      1306 N Locust Street N, Denton, TX 76201
      View Details
    • $450,000

      Corner Retail Building with Front Parking

      Corner lot retail building with direct street frontage, excellent visibility, and flexible multi-tenant potential near major area employers.
      222 W Parkway Street, Denton, TX 76201
      View Details
    • $460,000
      2,692 SF

      Updated 3BR Duplex with Private Yards

      Two updated duplex units offer flexible 3-bedroom layouts, private yards, garages, and direct trail access.
      707 & 711 Wolftrap Drive, Denton, TX 76209
      View Details
    • $699,000

      Luxury Duplex with Bonus Room

      Custom-built duplex offers flexible live-in or investment income with hardwood floors and a bonus room over a detached garage.
      1716-1718 Stonegate Drive, Denton, TX 76205
      View Details
    • $199,950

      Office Condo in Mixed-Use Development

      Own an office condo in a first-of-its-kind live-work-play setting with walkable downtown access.
      405 S Elm Street, Denton, TX 76201
      View Details

    FAQs

    What type of property is this?
    Office units - A 1950s downtown building with flexible zoning and street visibility, offering owner-occupy or executive-suite rental options.
    Where is this office units located?
    The property is located at 503 Bolivar Street Denton, TX.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Seller financing available.; Existing 1948/1950s‑era structure previously used as a counseling center—can be owner‑occupied or leased as executive suites (3–4 rooms).; Flexible MN zoning with permitted uses listed as office, retail, restaurant, multifamily, institutional, or hospitality.
    (940) 300-0003
    We can help!
    Listing Contact
    DAPHNE ZOLLINGER
    DAPHNE ZOLLINGER
    Real Estate License ID: 0511789
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    503 Bolivar Street, Denton, TX 76201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!