Three-Bay Flex
New
For Sale
$239,000
530 E Us Highway 69, Denison, TX 75021
Fenced commercial facility with office support, overhead access, and plumbing features suited to varied business operations.
Property Size2,250 SF
Price / SF$106.22
Days on Market3
Property Features for 530 E Us Highway 69
General Information
Standard status
Active
Size
2,250 SF
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1978
Listing Agency:
Doug Hoover Real Estate
Listed By:
Sarah Garrett · License #0651916
(903) 821-5445
Source:
Minteerteam
Added: Sep 11
Last Checked: Sep 12 at 12:48PM
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 Doug Hoover Real Estate
Investment Insights
Based on property information with market context.
This 2,250-square-foot flex property, built in 1978, combines three separate work bays with an office area. The layout supports distinct areas for equipment, inventory, workshop activity, storage, or service operations. The office includes a bathroom, while the first bay has a shower and the third bay includes plumbing. Multiple overhead freight-style doors accommodate vehicle, equipment, and delivery access.
The property is mostly fenced and secured by a double-wide gate. Its configuration may support live/work use, subject to applicable zoning, permitting, and local regulations. Located at 530 E Us Highway 69 in Denison, the building offers a practical combination of work areas and administrative space for a range of commercial operations.
The property is mostly fenced and secured by a double-wide gate. Its configuration may support live/work use, subject to applicable zoning, permitting, and local regulations. Located at 530 E Us Highway 69 in Denison, the building offers a practical combination of work areas and administrative space for a range of commercial operations.
Key Highlights
- 2,250 square feet of flex space with three separate bays and an office area
- Multiple overhead freight‑style doors for vehicle, equipment, inventory, and delivery access
- Office area includes a bathroom; first bay has a shower and third bay has plumbing
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
$14,233
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
5.96%
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%
$284,660
$284.7K
Cap Rate 7%
$203,329
$203.3K
Cap Rate 9%
$158,144
$158.1K
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
−$2.5K −$1.12/SF
NOI
$14.2K $6.33/SF
Area
Grayson County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
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%
$284,660
Cap Rate 7%
$203,329
Cap Rate 9%
$158,144
Alternative Uses
Best Use
Warehouse
$203.3K
$177.9K – $237.2K
NOI $14,233 @ 7.0% cap · market cap 5.96%
Second Best
Industrial
$167.4K
$146.5K – $195.4K
NOI $11,721 @ 7.0% cap · market cap 4.90%
Theoretical Best
Hotel Hospitality
$1.15M
$1.01M – $1.35M
NOI $80,798 @ 7.0% cap · market cap 33.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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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 - Fenced commercial facility with office support, overhead access, and plumbing features suited to varied business operations.
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 $239,000.
What are key features of this property?
This property features: 2,250 square feet of flex space with three separate bays and an office area; Multiple overhead freight‑style doors for vehicle, equipment, inventory, and delivery access; Office area includes a bathroom; first bay has a shower and third bay has plumbing
