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    Light Industrial Flex with Storefront Title is generated by Realmo AI

    613 S Armstrong Avenue, Denison, TX 75020

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    For Lease
    $9,181/Mo $7 SF/Yr (calc)

    COMMERCIAL - Denison, TX

    Property size:
    14,730 SF
    Lot size:
    1.05 Acres
    Added:
    Jun 6, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 6 at 12:06 pm

    Property Features for 613 S Armstrong Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Alley, Parking Lot
    Standard status
    Active
    APN
    378813
    Size
    14,730 SF
    Lot size
    1.05 Acres

    Taxes and HOA fees

    Tax Description
    LAYNES ADDITION, 1.0495 acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Zoned
    Water source
    Public

    Building Details

    Year built
    1975
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Concrete
    Roof type
    Synthetic, Metal

    We can help!

    Listing Contact
    Lisa Hitchcock
    Lisa Hitchcock

    Listing agent Lisa Hitchcock License #0611932

    Listing office Easy Life Realty Sherman, TX

    Listing date Jun 6, 2026

    MLS# 21291741

    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.

    HighLights

    • Newer TPO roof with poly‑iso insulation; synthetic and metal roofing reported
    • Newly constructed 1,500 SF storefront or office space
    • Zoned light industrial for manufacturing, distribution, storage, and service operations
    • Expansive storage yard plus parking lot and alley access for equipment and fleet parking
    • Public utilities: public water and public sewer
    • Includes two additional lots across the alley, each approximately 0.344 acres

    Overview

    This light industrial flex property includes a newly constructed 1,500-square-foot storefront or office space and an expansive storage yard, supported by a brand-new TPO roof with poly-iso insulation. The exterior and overall configuration are designed to accommodate both customer-facing presence and operational needs for storage, equipment handling, and service-oriented use. The building and yard setup provide flexibility for a range of business functions.

    Located at 613 S. Armstrong Avenue in Denison, the property offers access to major routes including Hwy 75 and Hwy 81, with quick connectivity to downtown Denison. The site is positioned on highly traveled Hwy 91 and Armstrong Avenue, supporting visibility for employees, vendors, and customers. Additional expansion comes from two more lots across the alley, each approximately 0.344 acres.

    With light industrial zoning, this space can support manufacturing, distribution, warehousing, storage, and service operations, as well as growing businesses that need room to scale. The combination of a storefront or office component, dedicated operational yard space, and included adjacent lots across the alley can help tenants plan for current operations while preserving options for future expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cerma Industries, LLC (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Similar Places Nearby

    • Knife And Whisk — 130 W Acheson St, Denison, TX 75020

    Location Insight

    • Map
    • Local Demand
    City
    Denison
    County
    Grayson
    State
    Texas
    Longitude
    -96.546764
    Latitude
    33.750048

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    FAQs

    What type of property is this?
    Flex space - Light industrial flex building with a new TPO roof and storefront or office space, plus an expansive storage yard.
    Where is this flex space located?
    The property is located at 613 S Armstrong Avenue Denison, TX.
    What is the lease rate?
    The lease rate is $9,181 /Mo.
    What are key features of this property?
    This property features: Newer TPO roof with poly‑iso insulation; synthetic and metal roofing reported; Newly constructed 1,500 SF storefront or office space; Zoned light industrial for manufacturing, distribution, storage, and service operations
    (903) 224-5171
    We can help!
    Listing Contact
    Lisa Hitchcock
    Lisa Hitchcock
    Real Estate License ID: 0611932
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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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