Three-Bay Flex
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 Market49
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) 327-6540
Source:
Minteerteam
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 7 at 2:40PM
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
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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 / Yr
$14,233
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in South region
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
