Flex Property with Covered
For Sale
$750,000
504 Bolivar Street, Sanger, TX 76266
CommercialSale, Sanger, TX
Property Size3,760 SF
Lot Size0.23 Acres
Price / SF$199.47
Days on Market94
Property Features for 504 Bolivar Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Assigned
Subdivision
O T Sanger
Lot features
Corner Lot
Directions
GPS
Standard status
Active
APN
R58893
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
O T SANGER BLK 22 LOT 2
Tax Annual Amount
2482
Legal Description
O T SANGER BLK 22 LOT 2
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Number of units
2
Flooring type
Concrete
Building materials
AluminumSiding
Roof type
Metal
Listing Agency:
TruHome Real Estate
(972) 299-3959
Listed By:
Lori Robinson · License #0638031
(977) 299-3939
Added: Jul 7
Changed: Sep 5
Last Checked: Oct 8 at 4:06PM
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.
Investment Insights
Based on property information with market context.
This flex property includes two separate buildings totaling 3,760 square feet. The primary 2,400-square-foot structure combines warehouse space with an office area and three overhead roll-up doors. A second 1,360-square-foot building provides additional enclosed space for office, storage, showroom, or support functions. Covered storage beneath an extensive canopy adds protected capacity for equipment, trailers, inventory, or work activities.
The site includes a large concrete parking and loading area serving customer access, deliveries, and fleet movement. Public water and public sewer support the property, while concrete flooring, a metal roof, and aluminum siding are among the existing building features. Built in 1980, the property sits on 0.23 acres at 504 Bolivar Street in Sanger, Texas.
The site includes a large concrete parking and loading area serving customer access, deliveries, and fleet movement. Public water and public sewer support the property, while concrete flooring, a metal roof, and aluminum siding are among the existing building features. Built in 1980, the property sits on 0.23 acres at 504 Bolivar Street in Sanger, Texas.
Key Highlights
- 3,760 SF across two separate buildings
- Main building contains 2,400 square feet, office space, and 3 overhead roll‑up doors
- Additional 1,360‑square‑foot building for office, storage, showroom, or support use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,283
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,660
$1.0M
Cap Rate 7%
$746,900
$746.9K
Cap Rate 9%
$580,922
$580.9K
Market Conditions
NOI Build-Up for 3,760 SF
Gross rent
$92.9K $24.72/SF
− Vacancy
−$23.2K −$6.18/SF
EGI
$69.7K $18.54/SF
− OpEx
−$17.4K −$4.64/SF
NOI
$52.3K $13.91/SF
Area
Denton County, TX
Vacancy
25.00%
Lease Rate
$24.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,660
Cap Rate 7%
$746,900
Cap Rate 9%
$580,922
Alternative Uses
Best Use
Office B
$746.9K
$653.5K – $871.4K
NOI $52,283 @ 7.0% cap · market cap 6.97%
Second Best
Warehouse
$334.8K
$292.9K – $390.6K
NOI $23,435 @ 7.0% cap · market cap 3.12%
Theoretical Best
Multifamily LT 5
$52.58M
$46.01M – $61.35M
NOI $3,680,701 @ 7.0% cap · market cap 490.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building commercial setup combines warehouse, office, loading, and protected storage areas for adaptable business operations.
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 $750,000.
What are key features of this property?
This property features: 3,760 SF across two separate buildings; Main building contains 2,400 square feet, office space, and 3 overhead roll‑up doors; Additional 1,360‑square‑foot building for office, storage, showroom, or support use
