Automotive Property with Office and
620 S Armstrong Avenue, Denison, TX 75020
For Sale
New
$365,000
Office space and a garage provide a combined setup for automotive business use.
Property Size2,700 SF
Lot Size0.52 Acres
Price / SF$135.19
Days on Market2
Property Features for 620 S Armstrong Avenue
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Automotive Uses
Real Estate Included
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
THE REAL ESTATE COMPANY
Listed By:
Kimberly Cain · License TX #0722807
(940) 736-6157
Source:
Texasliferealestate
Added: Nov 8
Last Checked: Nov 8 at 6:09PM
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 THE REAL ESTATE COMPANY
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Investment Insights
Based on property information with market context.
At 620 S Armstrong Avenue in Denison, this automotive property contains approximately 2,700 square feet of office and garage space. The building dates to 1990 and sits on a 0.52-acre parcel.
Key Highlights
- Approximately 2,700 square feet of office and garage space
- 0.52‑acre commercial parcel
- Built in 1990
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,065
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,300
$281.3K
Cap Rate 7%
$200,929
$200.9K
Cap Rate 9%
$156,278
$156.3K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$22.0K $8.16/SF
− Vacancy
−$1.9K −$0.72/SF
EGI
$20.1K $7.44/SF
− OpEx
−$6.0K −$2.23/SF
NOI
$14.1K $5.21/SF
Area
Grayson County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,300
Cap Rate 7%
$200,929
Cap Rate 9%
$156,278
Alternative Uses
Best Use
Retail
$640.2K
$560.2K – $746.9K
NOI $44,816 @ 7.0% cap · market cap 12.28%
Second Best
Industrial
$200.9K
$175.8K – $234.4K
NOI $14,065 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$949.8K
$831.1K – $1.11M
NOI $66,485 @ 7.0% cap · market cap 18.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Well-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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Dent Direct | Auto Hail Repair — 520 S Armstrong Ave, Denison, TX 75020
- Paintless Dr Mobile Hail Dent Removal Repair — 216 W Morgan St, Denison, TX 75020
- D&D Auto Repair — 510 S Crockett Ave, Denison, TX 75021
- El Garage T.s. — Denison, TX 75020
- Red River Tire Center, Inc. — 728 W Main St, Denison, TX 75020
Frequently Asked Questions
What type of property is this?
Auto shop - Office space and a garage provide a combined setup for automotive business use.
Where is this auto shop located?
The property is located at 620 S Armstrong Avenue Denison, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Approximately 2,700 square feet of office and garage space; 0.52‑acre commercial parcel; Built in 1990
