Flex Space with Covered
For Sale
$729,000
504 Bolivar Street, Sanger, TX 76266
CommercialSale, Sanger, TX
Property Size3,760 SF
Lot Size0.23 Acres
Price / SF$193.88
Days on Market100
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
Amenities
under-canopy covered storage
three overhead roll-up doors
dedicated office area
large concrete parking and loading area
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: Oct 13
Last Checked: Oct 14 at 1:06PM
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 3,760-square-foot flex property comprises two buildings on a 0.23-acre parcel. The 2,400-square-foot main building includes warehouse space, three overhead roll-up doors, and a dedicated office area. A separate 1,360-square-foot building adds space for offices, storage, showroom use, or separate business operations. Covered storage, concrete flooring, and a concrete parking and loading area are also present.
Built in 1980, the property has aluminum siding and a metal roof. Public water and public sewer serve the site. Its two-building layout and covered storage areas support a range of business configurations, including occupying one building and leasing the other.
Built in 1980, the property has aluminum siding and a metal roof. Public water and public sewer serve the site. Its two-building layout and covered storage areas support a range of business configurations, including occupying one building and leasing the other.
Key Highlights
- 3,760 square feet across two buildings
- Main building totals 2,400 square feet and has three overhead roll‑up doors
- Separate 1,360‑square‑foot building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,435
Cap Rate
3.21%
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 3.21%
Second Best
Industrial
$275.7K
$241.2K – $321.7K
NOI $19,299 @ 7.0% cap · market cap 2.65%
Theoretical Best
Multifamily LT 5
$52.58M
$46.01M – $61.35M
NOI $3,680,701 @ 7.0% cap · market cap 504.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Two buildings combine warehouse and office areas with covered space for equipment, trailers, inventory, or materials.
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 $729,000.
What are key features of this property?
This property features: 3,760 square feet across two buildings; Main building totals 2,400 square feet and has three overhead roll‑up doors; Separate 1,360‑square‑foot building
