Open-Layout Warehouse
For Sale
Contact for pricing
602 S Armstrong Avenue #604, Denison, TX 75020
The unit occupies a middle position in a three-unit commercial building and is awaiting renovation.
Property Size5,040 SF
Price / SF$0.30
Days on Market11
Property Features for 602 S Armstrong Avenue #604
General Information
Standard status
Active
Size
5,040 SF
Property subtype
Warehouse
Additional Details
Warehouse Space
1,250 SF
Property Use
Warehouse
Building Details
Year Built
1970
Listing Agency:
Magnorum Realty Services, LLC
Listed By:
James McDonald
(817) 487-7728
Source:
Magnorumrealty
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 3:07PM
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 Magnorum Realty Services, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse unit contains approximately 1,250 square feet in an open configuration. It sits between the other two units in a three-unit commercial building and is awaiting renovation. The building dates to 1970.
Key Highlights
- Approximately 1,250 square feet of warehouse space
- Middle unit in a three‑unit commercial building
- Open interior layout
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 2,125.40%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.59M
$2.26M – $3.02M
NOI $180,986 @ 7.0% cap · market cap 12,065.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
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 - The unit occupies a middle position in a three-unit commercial building and is awaiting renovation.
Where is this warehouse located?
The property is located at 602 S Armstrong Avenue #604 Denison, TX.
What are key features of this property?
This property features: Approximately 1,250 square feet of warehouse space; Middle unit in a three‑unit commercial building; Open interior layout
