Three-Bay Flex
For Sale
$209,000
530 E Us Highway 69, Denison, TX 75021
Flex space with a remodeled office, bathroom, bay plumbing, and fenced exterior area.
Property Size2,250 SF
Lot Size0.60 Acres
Days on Market11
Property Features for 530 E Us Highway 69
General Information
Standard status
Active
Size
2,250 SF
Lot size
0.60 Acres
Property subtype
Commercial
Zoning
COMMERCIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
1,800 SF
Office Build-Out
450 SF
Drive-In Doors
3
Additional Details
Service Bays
3
Amenities
remodeled office
plumbing in third bay
Building Details
Building Size
2,250 SF
Year Built
1978
Stories
1
Units
1
Listing Agency:
Real Broker, LLC
(903) 818-5744
Listed By:
Evan Martin · License #0624403
(903) 818-5744
Source:
1111brokerage
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 29 at 10:22AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
Built in 1978, this 2,250-square-foot flex property occupies a 0.6-acre lot and includes three 20x30 bays. Each bay has a 10x7 manual sectional roll-up door, while the third bay also contains plumbing. A remodeled 15x30 office with a private bathroom adds finished administrative space.
The property fronts Hwy 69 in Denison and includes a fenced exterior area for vehicles, equipment, or trailers. Infrastructure includes a 1,000-gallon septic system with approximately 400 ft. of lateral lines installed within the last five years. The configuration provides dedicated bay, office, restroom, and outdoor areas within one commercial property.
The property fronts Hwy 69 in Denison and includes a fenced exterior area for vehicles, equipment, or trailers. Infrastructure includes a 1,000-gallon septic system with approximately 400 ft. of lateral lines installed within the last five years. The configuration provides dedicated bay, office, restroom, and outdoor areas within one commercial property.
Key Highlights
- Three 20x30 bays with 10x7 manual sectional roll‑up doors
- 2,250 SF flex property on a 0.6‑acre lot along Hwy 69
- Remodeled 15x30 office with its own bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,721
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$234,420
$234.4K
Cap Rate 7%
$167,443
$167.4K
Cap Rate 9%
$130,233
$130.2K
Market Conditions
NOI Build-Up for 2,250 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.4K $8.16/SF
− Vacancy
−$1.6K −$0.72/SF
EGI
$16.7K $7.44/SF
− OpEx
−$5.0K −$2.23/SF
NOI
$11.7K $5.21/SF
Area
Grayson County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$234,420
Cap Rate 7%
$167,443
Cap Rate 9%
$130,233
Alternative Uses
Best Use
Retail
$533.5K
$466.8K – $622.4K
NOI $37,346 @ 7.0% cap · market cap 17.87%
Second Best
Industrial
$167.4K
$146.5K – $195.4K
NOI $11,721 @ 7.0% cap · market cap 5.61%
Theoretical Best
Hotel Hospitality
$1.15M
$1.01M – $1.35M
NOI $80,798 @ 7.0% cap · market cap 38.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
3
Service bays
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75021, TX
8,288
Population
3,871
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
90%
High-School Grad
58.4 sq mi
ZIP Area
142
Density / Sq Mi
$67,159
Median Household Income
$36,955
Median Earnings
$900
Median Rent
$188,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Knife And Whisk — 130 W Acheson St, Denison, TX 75020
Frequently Asked Questions
What type of property is this?
Flex space - Flex space with a remodeled office, bathroom, bay plumbing, and fenced exterior area.
Where is this flex space located?
The property is located at 530 E Us Highway 69 Denison, TX.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Three 20x30 bays with 10x7 manual sectional roll‑up doors; 2,250 SF flex property on a 0.6‑acre lot along Hwy 69; Remodeled 15x30 office with its own bathroom
