Flex Space with Storage
613 S Armstrong Avenue, Denison, TX 75020
For Sale
$1,300,000
CommercialSale, Denison, TX
Property Size1,500 SF
Lot Size1.14 Acres
Price / SF$88.26
Days on Market119
Property Features for 613 S Armstrong Avenue
General Information
Property type
Property subtype
Zoning description
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Easy Life Realty
Listed By:
Lisa Hitchcock · License TX #0611932
(903) 224-5171
Added: Jul 17
Changed: Oct 19
Last Checked: Nov 12 at 9:06AM
MLS# 21233205
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 613 S. Armstrong Avenue, this 14,730-square-foot flex property includes a newly constructed 1,500-square-foot storefront or office area, concrete construction and flooring, zoned cooling, and a storage yard. The building dates to 1975 and has a brand-new TPO roof with poly-iso insulation. Light industrial zoning supports a range of operational formats, including manufacturing, distribution, storage, service work, and fabrication.
The property fronts the intersection of Hwy 91 and S. Armstrong Avenue, with access to Hwy 75, Hwy 81, and downtown Denison. Public water and public sewer serve the site. The offering also includes two additional lots across the alley, each approximately .344 acres, providing additional land alongside the primary 1.143-acre parcel.
The property fronts the intersection of Hwy 91 and S. Armstrong Avenue, with access to Hwy 75, Hwy 81, and downtown Denison. Public water and public sewer serve the site. The offering also includes two additional lots across the alley, each approximately .344 acres, providing additional land alongside the primary 1.143-acre parcel.
Key Highlights
- 14,730‑square‑foot flex property on 1.143 acres
- Newly constructed 1,500‑square‑foot storefront or office area
- Brand‑new TPO roof with poly‑iso insulation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,177
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,863,540
$1.9M
Cap Rate 7%
$1,331,100
$1.3M
Cap Rate 9%
$1,035,300
$1.0M
Market Conditions
NOI Build-Up for 14,730 SF
Gross rent
$120.2K $8.16/SF
− Vacancy
−$10.6K −$0.72/SF
EGI
$109.6K $7.44/SF
− OpEx
−$16.4K −$1.12/SF
NOI
$93.2K $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%
$1,863,540
Cap Rate 7%
$1,331,100
Cap Rate 9%
$1,035,300
Alternative Uses
Best Use
Warehouse
$1.33M
$1.16M – $1.55M
NOI $93,177 @ 7.0% cap · market cap 7.17%
Second Best
Industrial
$1.10M
$959.2K – $1.28M
NOI $76,734 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$5.18M
$4.53M – $6.05M
NOI $362,712 @ 7.0% cap · market cap 27.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Under-served
Demand for This Use
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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
$187,200
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Denison, TX
Properties on Market for Flex space in Denison
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Knife And Whisk — 130 W Acheson St, Denison, TX 75020
- Mells Grill Restaurant & Jazz Lounge — 531 W Crawford St, Denison, TX 75020
Frequently Asked Questions
What type of property is this?
Flex space - Light industrial property with office improvements, concrete construction, and room for storage, fleet parking, or operational expansion.
Where is this flex space located?
The property is located at 613 S Armstrong Avenue Denison, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 14,730‑square‑foot flex property on 1.143 acres; Newly constructed 1,500‑square‑foot storefront or office area; Brand‑new TPO roof with poly‑iso insulation
