Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    503 N Locust St Denton, TX 76201

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,078,000

    Urban infill redevelopment opportunity near Downtown Denton.

    Type:Land
    Added:
    Mar 10, 2026
    Days on Market:
    23
    Last Refresh:
    Mar 19 at 10:24 pm

    Property Features for 503 N Locust St

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    John Withers
    John Withers

    Listing agent John Withers License #TX 557920

    Listing office Stag Commercial

    Listing date Mar 10, 2026

    Source Crexi

    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 Stag Commercial

    Overview

    Denton Redevelopment Opportunity

    This property presents a rare urban infill redevelopment opportunity situated just north of Downtown Denton, Texas. Located on the corner of Locust Street and Parkway, the site is minutes north of the Historic Downtown Denton Square. The property consists of multiple contiguous parcels, creating a larger development footprint. This provides investors, developers, or owner-users with flexibility for various potential uses, including mixed-use, office, retail, or multi-family redevelopment. The surrounding area features a blend of established neighborhoods, expanding commercial corridors, and increasing redevelopment activity, reflecting Denton's ongoing population and employment growth.
    Location Intelligence

    Current Use by Public Records

    Blink Browz Art Hair Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.1327815
    Latitude
    33.218238

    Nearby Similar for Sale

    • $450,000

      Denton Mixed-Use Opportunity Near Square

      Prime downtown parcel zoned for diverse commercial and residential uses.
      503 Bolivar Street, Denton, TX 76201
      View Details
    • $850,000

      Medical Office Building Near Medical City

      Purpose-built medical building with exam rooms and ample parking.
      3204 Colorado Boulevard, Denton, TX 76210
      View Details
    • $819,000

      High-Visibility Land Ready For Development

      1.7-acre MN-zoned land parcel ready for immediate development.
      5130 E Mckinney Street, Denton, TX 76208
      View Details
    • $849,000

      Denton Office Building Near I-35

      Turnkey office building with excellent visibility and accessibility near I-35.
      638 Londonderry Lane, Denton, TX 76205
      View Details
    • $6,400,000

      Denton Retail Investment Opportunity

      Bank-owned retail center in Denton, TX with value-add potential.
      1431-1437 E McKinney Street, Denton, TX 76209
      View Details
    • $395,000

      Income-Generating Triplex Near Denton Square

      Three-unit property near Denton Square with immediate cash flow.
      503-507 Pearl Street, Denton, TX 76201
      View Details
    • $1,989,800

      Denton Mixed-Use Development Opportunity

      8.5-acre assemblage for mixed-density development in Denton, Texas.
      5094 E Mckinney Street, Denton, TX 76208
      View Details
    • $550,000
      4,095 SF

      Denton Quadruplex: Fully Leased Investment

      Fully leased quadruplex in Denton, offering immediate income potential.
      3065-3071 Olympia Drive, Denton, TX 76209
      View Details
    • $389,000

      Remodeled Duplex Near Universities

      Turnkey duplex near UNT and TWU, ideal for investors.
      806 Denton, Denton, TX 76201
      View Details
    • $550,000
      4,095 SF

      Fully Leased Denton Quadruplex

      Income-producing quadruplex in Denton, fully leased and well-maintained.
      3073-3079 Olympia Drive, Denton, TX 76209
      View Details
    • $4,300,000
      9,720 SF

      Denton Apartments Near University Campus

      24-unit apartment buildings near the University of North Texas campus.
      2404 Louise Street, Denton, TX 76201
      View Details
    • $499,000

      Denton Duplex with Guest House

      Designer duplex or main house with guest house on large lot.
      2012 N Locust Street, Denton, TX 76209
      View Details

    FAQs

    What type of property is this?
    Commercial land - Urban infill redevelopment opportunity near Downtown Denton.
    Where is this commercial land located?
    The property is located at 503 N Locust St Denton, TX.
    What is the asking price?
    The asking price for this property is $1,078,000.
    What are key features of this property?
    This property features: Rare urban infill redevelopment opportunity near Downtown Denton.; Large contiguous parcels offer flexible development footprint.; Ideal for mixed‑use, office, retail, or MF redevelopment.
    (940) 400-7824
    We can help!
    Listing Contact
    John Withers
    John Withers
    Real Estate License ID: TX 557920
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!