Remodeled Medical Office
For Sale
$795,000
638 Londonderry Lane, Denton, TX 76205
CommercialSale, Denton, TX
Property Size3,380 SF
Lot Size0.19 Acres
Price / SF$235.21
Days on Market48
Property Features for 638 Londonderry Lane
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
SC - Suburban Corridor
Parking features
Parking Lot, Open
Security features
Security
Subdivision
Teasley Mall
Directions
From I-35E, take the Teasley Lane exit and head north on Teasley Lane. Continue approximately 0.3 miles to Londonderry Lane. Property is located at the corner of Teasley Lane and Londonderry Lane.
Standard status
Active
APN
R122060
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
TEASLEY MALL BLK A LOT 1R(W PART)
Tax Annual Amount
8992
Legal Description
TEASLEY MALL BLK A LOT 1R(W PART)
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air, Electric, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1976
Floors in Building
2
Number of units
1
Flooring type
Carpet, Reclaimedwood, Simulatedwood
Building materials
Concrete, StoneVeneer
Roof type
Shingle, Composition
Listing Agency:
Frazier Group Property Management
Listed By:
Cole Frazier
(940) 566-7005
Added: Sep 2
Changed: Oct 18
Last Checked: Oct 19 at 1:06PM
MLS# 21374312
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.
Remodeled medical office space at 638 Londonderry Lane in Denton, positioned at the intersection of Teasley Lane and Londonderry Lane. The two-level layout includes eight private exam rooms or offices, a dedicated entrance with lobby, rooms compatible with X-ray equipment, and an ADA restroom.
The property is approximately 0.3 miles from I-35E and includes an on-site open parking lot. Concrete and stone veneer construction, public water, public sewer, central heating, and central air support the existing office configuration. Flooring includes simulated wood, carpet, and reclaimed wood finishes.
The property is approximately 0.3 miles from I-35E and includes an on-site open parking lot. Concrete and stone veneer construction, public water, public sewer, central heating, and central air support the existing office configuration. Flooring includes simulated wood, carpet, and reclaimed wood finishes.
Key Highlights
- Eight private exam rooms or offices
- Remodeled two‑level medical office property
- X‑ray‑compatible rooms and ADA restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,045
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,060,900
$1.1M
Cap Rate 7%
$757,786
$757.8K
Cap Rate 9%
$589,389
$589.4K
Market Conditions
NOI Build-Up for 3,380 SF
Gross rent
$91.3K $27.00/SF
− Vacancy
−$20.5K −$6.08/SF
EGI
$70.7K $20.93/SF
− OpEx
−$17.7K −$5.23/SF
NOI
$53.0K $15.69/SF
Area
Denton, TX
Vacancy
22.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,060,900
Cap Rate 7%
$757,786
Cap Rate 9%
$589,389
Alternative Uses
Best Use
Office B
$757.8K
$663.1K – $884.1K
NOI $53,045 @ 7.0% cap · market cap 6.67%
Second Best
Healthcare Medical
$704.0K
$616.0K – $821.3K
NOI $49,280 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$1.06M
$924.0K – $1.23M
NOI $73,921 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
635
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76205, TX
18,969
Population
8,114
Households
2.3
Avg Household Size
29
Median Age
39%
College-Educated
88%
High-School Grad
8.3 sq mi
ZIP Area
2,285
Density / Sq Mi
$65,322
Median Household Income
$31,173
Median Earnings
$1,368
Median Rent
$307,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-level facility with private rooms, an entry lobby, imaging-ready rooms, and an ADA restroom.
Where is this medical office space located?
The property is located at 638 Londonderry Lane Denton, TX.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Eight private exam rooms or offices; Remodeled two‑level medical office property; X‑ray‑compatible rooms and ADA restroom
