Listing Agency: SVN | Verus Commercial Show Phone

Listed By: Bryson Hudgens · License #827964 Show Phone

Source: Moodyscre

Added: Jul 31 Changed: Oct 25 Last Checked: Oct 28 at 12:16PM

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Investment Insights

Based on property information with market context.

This 3,864-square-foot storefront includes significant building-system and specialty infrastructure improvements. A new HVAC system, updated commercial plumbing, and a new roof address core building components. The property also contains a commercial walk-in cooler, walk-in freezer, and specialized grease trap, all described as newly installed and permitted.

The combination of updated mechanical systems and cold-storage infrastructure provides a defined physical foundation for the storefront. The property is located at 520 S Locust St in Denton, Texas.

Key Highlights

• 3,864 square feet of storefront space
• New HVAC system installed
• Updated commercial plumbing

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,606

Cap Rate

4.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,132,120 $1.1M

Cap Rate 7%

$808,657 $808.7K

Cap Rate 9%

$628,956 $629.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,864 SF

Gross rent

$84.9K $21.96/SF

− Vacancy

−$4.0K −$1.03/SF

EGI

$80.9K $20.93/SF

− OpEx

−$24.3K −$6.28/SF

NOI

$56.6K $14.65/SF

Area

Denton, TX

Vacancy

4.70%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,132,120

Cap Rate 7%

$808,657

Cap Rate 9%

$628,956

Alternative Uses

Best Use

Retail

$808.7K

$707.6K – $943.4K (±1% cap)

NOI $56,606 @ 7.0% cap · market cap 4.04%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,507 @ 7.0% cap · market cap 6.04%

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

Storefront properties

Suggested Use

Top Pick Pet Grooming Service Florist Carpet & Flooring Store (Bike/Boat/Book/etc) Store Butcher Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,135

Businesses Nearby

43k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 71% Shops & Services 29%

Mellow Mushroom Dining

11,092 visits/mo 0.4 miles

Rusty Taco Dining

8,924 visits/mo 0.4 miles

Wells Fargo Shops & Services

8,868 visits/mo 0.4 miles

Golden Chick Dining

6,072 visits/mo 0.3 miles

Fuzzy's Taco Shop Dining

4,312 visits/mo 0.4 miles

Demographics for 76201, TX

27,610

Population

13,087

Households

2.1

Avg Household Size

26

Median Age

46%

College-Educated

95%

High-School Grad

5.5 sq mi

ZIP Area

5,020

Density / Sq Mi

$37,863

Median Household Income

$18,308

Median Earnings

$1,128

Median Rent

$250,200

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Recent HVAC, plumbing, roofing, and cold-storage improvements define this upgraded commercial storefront.

Where is this storefront property located?

The property is located at 520 S LOCUST ST Denton, TX.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: 3,864 square feet of storefront space; New HVAC system installed; Updated commercial plumbing