Mixed-Use Property with
New
For Sale
$365,000
620 S Armstrong Avenue, Denison, TX 75020
CommercialSale, Denison, TX
Property Size2,700 SF
Lot Size0.52 Acres
Price / SF$135.19
Days on Market1
Property Features for 620 S Armstrong Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Parking features
Garage, Parking Lot
Security features
Security
Subdivision
Laynes Add
Directions
Use GPS Denison Auto Sales
Standard status
Active
APN
145924
Lot size
0.52 Acres
Additional Details
Real Estate Included
Yes
Taxes and HOA fees
Tax Description
LAYNES ADDN, BLOCK 17, LOT 9, 10, & 11, ACRES
Tax Annual Amount
4219
Legal Description
LAYNES ADDN, BLOCK 17, LOT 9, 10, & 11, ACRES
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1990
Floors in Building
1
Flooring type
Tile, Concrete
Building materials
Brick, MetalSiding
Roof type
Metal, Composition
Listing Agency:
THE REAL ESTATE COMPANY
Listed By:
Kimberly Cain · License #0722807
(940) 668-8523
Added: Nov 5
Last Checked: Nov 5 at 10:06PM
MLS# 21429722
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.
This mixed-use commercial property at 620 S. Armstrong Avenue includes approximately 2,700 square feet of office and garage space. Built in 1990, the building has brick and metal siding, with tile and concrete flooring. Central heating and central air serve the interior, and the site includes a garage and parking lot.
Public water and sewer serve the property. Its office-and-garage layout is suited to a range of commercial configurations, including automotive-related operations identified for the site.
Public water and sewer serve the property. Its office-and-garage layout is suited to a range of commercial configurations, including automotive-related operations identified for the site.
Key Highlights
- Approximately 2,700 square feet of office and garage space
- Built in 1990
- Garage and parking lot on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,730
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,600
$534.6K
Cap Rate 7%
$381,857
$381.9K
Cap Rate 9%
$297,000
$297.0K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$48.6K $18.00/SF
− Vacancy
−$5.8K −$2.16/SF
EGI
$42.8K $15.84/SF
− OpEx
−$16.0K −$5.94/SF
NOI
$26.7K $9.90/SF
Area
Grayson County, TX
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,600
Cap Rate 7%
$381,857
Cap Rate 9%
$297,000
Alternative Uses
Best Use
Retail
$640.2K
$560.2K – $746.9K
NOI $44,816 @ 7.0% cap · market cap 12.28%
Second Best
Mixed Use
$381.9K
$334.1K – $445.5K
NOI $26,730 @ 7.0% cap · market cap 7.32%
Theoretical Best
Hotel Hospitality
$1.39M
$1.21M – $1.62M
NOI $96,957 @ 7.0% cap · market cap 26.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
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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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines office space with a garage area for a flexible commercial configuration.
Where is this mixed-use property 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; Built in 1990; Garage and parking lot on site
