531 W Main St Denison, TX 75020
Four-story, 1890s building with move-in ready offices, elevator service, and a luxury penthouse apartment.
Property Features for 531 W Main St
General Information
- Standard status
- Active
- Size
- 36,000 SF
Listing office Bertholf Commercial Real Estate (903) 267-1573
Listing date Dec 12, 2025
Source Exprealty
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Investment Insights
Based on property information with market context.
The property is located in downtown Denison at 531 W Main St and is within walking distance to restaurants, retail, and offices. The sale includes two downtown parking lots, including one repaved within the last three years that provides 29 parking spaces on Main Street.
Beyond production-ready improvements, the building also includes a 5,500 SF luxury penthouse apartment on the third floor with four bedrooms and five bathrooms, two wet bars, a fully functional kitchen, and a covered patio. This combined office and residential setup can fit buyers and operators seeking a flexible, historic property with an on-site residence and included parking.
Key Highlights
- 36,000 SF four‑story building in downtown Denison built in the 1890s
- Move‑in ready office space with over 45 offices across the building
- Full‑service TV marketing production setup with multiple edit suites, recording studios, and a green screen room
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $505.4k | $14.04 |
| − Vacancy | −$60.7k | −$1.68 |
| EGI | $444.8k | $12.36 |
| − OpEx | −$200.2k | −$5.56 |
| NOI | $244.6k | $6.80 |
