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    Denton Restaurant Space Available Title is generated by Realmo AI

    608 E Hickory St, Denton, TX 76201

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    For Lease
    $16 SF/Yr $37,773/Mo (calc)

    Second-generation restaurant space in downtown Denton near universities.

    Type:Mixed Use
    Property size:
    28,330 SF
    Added:
    Nov 21, 2025
    Days on Market:
    184
    Last Refresh:
    Apr 6 at 12:12 am

    Property Features for 608 E Hickory St

    General Information

    Standard status
    Active
    Size
    28,330 SF
    Property subtype
    Mixed Use

    Spaces For Lease

    at 608 E Hickory St Contact us

    We can help!

    Listing Contact
    Bryson Hudgens
    Bryson Hudgens

    Listing agent Bryson Hudgens License #827964

    Listing office SVN | Verus Commercial

    Listing date Nov 21, 2025

    Source Svn

    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 SVN | Verus Commercial

    HighLights

    • Prime downtown Denton location with high foot traffic and visibility.
    • Adjacent to DCTA transit station and a 300‑unit Multi‑Family project.
    • 3,369 SF of second‑gen restaurant space available in a unique building with a restaurant anchor.
    • Modern and stylish interior design with an open floor plan for versatile use.
    • Proximity to two major college campuses (UNT & TWU) within a 2‑mile radius.
    • Great signage opportunities for branding.

    Overview

    This unique building is anchored by a restaurant and offers 3,369 square feet of second-generation restaurant space. Located in downtown Denton, the property is within a 2-mile radius of the University of North Texas (UNT) and Texas Woman's University (TWU). The location benefits from a mix of arts and music activity. The contemporary property features a prime downtown location with excellent visibility and accessibility. The interior has a modern design with an open floor plan. Natural light fills the space. The property offers signage options. It is located in a high foot traffic area and has dedicated parking. Updated HVAC and electrical systems are in place. The property is adjacent to the Denton County Transportation Authority (DCTA) transit station and a 300-unit Multi-Family project. The location on the edge of booming Downtown Denton benefits from vehicle counts and foot traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shepherd Dog (Bike/Boat/Book/etc) Store Solutions50 Consultant Presidio Roofing Company ... Construction Company Stoke Coworking Coworking & Hybrid Office Chris Lam Design Marketing & Advertising

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Nana's Lunch Box — 411 E Sycamore St, Denton, TX 76205
    • Munchies Food Truck DFW — 117 E Oak St, Denton, TX 76201
    • Blind Fox Denton — 200 E McKinney St, Denton, TX 76201
    • Euphoric Catering Denton — 701 S Carroll Blvd #2, Denton, TX 76201

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.1385959
    Latitude
    33.2149148

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    FAQs

    What type of property is this?
    Restaurant - Second-generation restaurant space in downtown Denton near universities.
    Where is this restaurant located?
    The property is located at 608 E Hickory St Denton, TX.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Denton location with high foot traffic and visibility.; Adjacent to DCTA transit station and a 300‑unit Multi‑Family project.; **3,369 SF of second‑gen restaurant space available in a unique building with a restaurant anchor.**
    (940) 381-2220
    We can help!
    Listing Contact
    Bryson Hudgens
    Bryson Hudgens
    Real Estate License ID: 827964
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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