Two-Building Flex
504 Bolivar Street, Sanger, TX 76266
For Sale
$699,000
CommercialSale, Sanger, TX
Property Size3,760 SF
Lot Size0.23 Acres
Price / SF$185.90
Days on Market129
Property Features for 504 Bolivar Street
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Real Estate Included
Automotive Uses
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
TruHome Real Estate
(972) 299-3959
Listed By:
Lori Robinson · License TX #0638031
(977) 299-3939
Added: Jul 7
Changed: Nov 10
Last Checked: Nov 12 at 10:06AM
MLS# 21320283
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property at 504 Bolivar Street in Sanger consists of two buildings totaling 3,760 square feet on a 0.23-acre lot. The 2,400-square-foot primary structure includes warehouse space, an office area, and three overhead doors. A second building adds 1,360 square feet for separate operations or storage. Covered storage beneath a canopy and a concrete area for parking and loading round out the site.
Built in 1980, the buildings have aluminum siding, concrete flooring, and metal roofing. Public water and public sewer serve the property.
Built in 1980, the buildings have aluminum siding, concrete flooring, and metal roofing. Public water and public sewer serve the property.
Key Highlights
- Two buildings totaling 3,760 square feet on 0.23 acres
- Primary building contains 2,400 square feet, warehouse space, an office area, and three overhead doors
- Second building provides 1,360 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,435
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,700
$468.7K
Cap Rate 7%
$334,786
$334.8K
Cap Rate 9%
$260,389
$260.4K
Market Conditions
NOI Build-Up for 3,760 SF
Gross rent
$30.2K $8.04/SF
− Vacancy
−$2.7K −$0.71/SF
EGI
$27.6K $7.33/SF
− OpEx
−$4.1K −$1.10/SF
NOI
$23.4K $6.23/SF
Area
Denton County, TX
Vacancy
8.80%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,700
Cap Rate 7%
$334,786
Cap Rate 9%
$260,389
Alternative Uses
Best Use
Warehouse
$334.8K
$292.9K – $390.6K
NOI $23,435 @ 7.0% cap · market cap 3.35%
Second Best
Industrial
$275.7K
$241.2K – $321.7K
NOI $19,299 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,586 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76266, TX
16,779
Population
7,211
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
89%
High-School Grad
122.1 sq mi
ZIP Area
137
Density / Sq Mi
$95,603
Median Household Income
$49,622
Median Earnings
$1,345
Median Rent
$315,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Denton County, TX
Properties on Market for Flex space in Denton County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Separate warehouse and office-oriented buildings are complemented by covered storage and a paved area for parking and loading.
Where is this flex space located?
The property is located at 504 Bolivar Street Sanger, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two buildings totaling 3,760 square feet on 0.23 acres; Primary building contains 2,400 square feet, warehouse space, an office area, and three overhead doors; Second building provides 1,360 square feet
