Warehouse Unit with Loading
New
For Sale
Contact for pricing
602 S Armstrong Avenue, Denison, TX 75020
Build-to-suit space includes a private office, restroom, closet, and open warehouse area.
Property Size5,040 SF
Price / SF$0.50
Days on Market2
Property Features for 602 S Armstrong Avenue
General Information
Standard status
Active
Size
5,040 SF
Property subtype
Warehouse
Additional Details
Dock-High Doors
1
Property Use
Warehouse
Building Details
Year Built
1970
Listing Agency:
DHS Realty
(972) 979-8413
Listed By:
Krista Landon · License #0788947
(903) 718-2937
Source:
Searsrealty
Added: Nov 1
Last Checked: Nov 1 at 3:26PM
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 DHS Realty
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Investment Insights
Based on property information with market context.
The largest of three available warehouse units is planned as a build-to-suit space with a loading dock, private office, restroom, closet, and open warehouse area. The unit is approximately 2,500 square feet and may be configured individually or alongside other units; leasing the full building is also an option.
Key Highlights
- Largest of three available units, approximately 2,500 square feet
- Build‑to‑suit warehouse space with a loading dock
- Includes a private office, restroom, and closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,881
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,620
$637.6K
Cap Rate 7%
$455,443
$455.4K
Cap Rate 9%
$354,233
$354.2K
Market Conditions
NOI Build-Up for 5,040 SF
Gross rent
$41.1K $8.16/SF
− Vacancy
−$3.6K −$0.72/SF
EGI
$37.5K $7.44/SF
− OpEx
−$5.6K −$1.12/SF
NOI
$31.9K $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%
$637,620
Cap Rate 7%
$455,443
Cap Rate 9%
$354,233
Alternative Uses
Best Use
Warehouse
$455.4K
$398.5K – $531.4K
NOI $31,881 @ 7.0% cap · market cap 1,275.24%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.59M
$2.26M – $3.02M
NOI $180,986 @ 7.0% cap · market cap 7,239.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75020, TX
23,782
Population
10,802
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
90%
High-School Grad
61.0 sq mi
ZIP Area
390
Density / Sq Mi
$66,308
Median Household Income
$38,656
Median Earnings
$1,136
Median Rent
$187,200
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Main Street Storage — 521 W Main St, Denison, TX 75020
Frequently Asked Questions
What type of property is this?
Warehouse - Build-to-suit space includes a private office, restroom, closet, and open warehouse area.
Where is this warehouse located?
The property is located at 602 S Armstrong Avenue Denison, TX.
What are key features of this property?
This property features: Largest of three available units, approximately 2,500 square feet; Build‑to‑suit warehouse space with a loading dock; Includes a private office, restroom, and closet
