Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Storage Yard and Building Title is generated by Realmo AI

    870 N Mayhill Road, Denton, TX 76208

    View on Map
    Claim this Listing
    For Lease
    $3,500/Mo $35 SF/Yr (calc)

    COMMERCIAL - Denton, TX

    Property size:
    1,200 SF
    Lot size:
    1.25 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    74
    Last Refresh:
    Jun 4 at 3:06 pm

    Property Features for 870 N Mayhill Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Secured, Oversize, Off Street, Gated
    Standard status
    Active
    APN
    R126411
    Size
    1,200 SF
    Lot size
    1.25 Acres

    Taxes and HOA fees

    Tax Description
    A0417A M. FORREST, TR 238, 3.5026 ACRES, OLD DCAD

    Building Details

    Year built
    2023
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Charles Horton

    Listing agent Charles Horton License #0546099

    Listing office The Michael Group Real Estate Dallas, TX

    Listing date Mar 23, 2026

    MLS# 20565464

    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

    • 1,200 sq ft building with fenced yard storage lot
    • Fenced yard includes roller gate plus screened panel fence and single access gate
    • Secured off‑street, oversize parking with gated access
    • Built in 2023
    • Metal roof and concrete flooring
    • Building includes single restroom

    Overview

    This offering includes a 1,200-square-foot building paired with a fenced yard storage lot, designed for tenants needing secure outdoor space. The yard is level and flat, with screened panel fencing and a single access gate for controlled entry. A roller gate provides vehicle access into the storage area.

    The property is located at 870 N Mayhill Road in Denton, TX 76208, on a 1.25-acre lot. Site layout supports straightforward drive-in storage use, with a screened perimeter and defined points of entry.

    The combination of indoor space and secure, gated yard makes the property a practical fit for storage-focused operations or light commercial users seeking fenced outdoor inventory or equipment staging. With a single restroom in the building, it can also accommodate basic on-site needs while keeping most of the operational activity centered on the yard.
    Property Profile Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.082446
    Latitude
    33.2225821

    Nearby Similar for Lease

    • $1,650/Mo
      1,472 SF

      Flex Space with Two Overhead Doors

      Flex suite with two overhead doors and private office space, offering functional space for operations and client-facing needs.
      730 Wainwright Street, Denton, TX 76201
      View Details
    • $700/Mo

      Renovated Office Building

      Newly renovated, move-in-ready office suite with utilities, Wi‑Fi, backup generator, and shared amenities.
      700 Londonderry Lane, Denton, TX 76205
      View Details
    • $6,300/Mo

      Flexible Office Building with Parking

      Zoned MN near downtown, offering unit-level or whole-building leasing with ample additional parking.
      516 N Locust Street, Denton, TX 76201
      View Details
    • $2,808/Mo

      Office Units for Lease

      Office units offered for lease at a dedicated commercial address, suitable for businesses needing private workspace.
      2438 Lillian Miller Parkway, Denton, TX 76205
      View Details
    • $2,716/Mo

      Office Space on Parkway

      Office space available for lease in Denton, suited for a range of professional uses.
      2438 Lillian Miller Parkway, Denton, TX 76205
      View Details
    • $32 SF/Yr
      1,600 SF

      Move-In Ready Second-Gen Restaurant Space

      Second-generation buildout with hood systems and commercial kitchen infrastructure, positioned for a ready-to-operate food concept.
      119 Avenue A, Denton, TX 76201
      View Details
    • Sponsored
      $129-$3,226/Mo
      11-1,292 SF

      TX, Denton - Parkway St

      414 Pkwy St 1Rst &, Unit 2ND, Denton, TX 76201
      View Details
    • $16 SF/Yr
      3,369 SF

      Restaurant Space in Downtown Denton

      Second-generation restaurant space near transit and multi-family project.
      608 E Hickory St, Denton, TX 76201
      View Details
    • $25 SF/Yr
      4,245 SF

      Fry Street Single-Tenant Retail Space

      Prime retail space in Denton's vibrant Fry Street entertainment district.
      1211 West Hickory Street, Denton, TX 76201
      View Details
    • $25 SF/Yr
      4,245 SF

      Fry Street Single-Tenant Retail Building

      Single-tenant retail building in Denton's vibrant Fry Street entertainment district.
      1211 West Hickory Street, Denton, TX 76201
      View Details

    FAQs

    What type of property is this?
    Specialty property - Secure fenced yard storage with a roller gate and a small building featuring a single restroom.
    Where is this specialty property located?
    The property is located at 870 N Mayhill Road Denton, TX.
    What is the lease rate?
    The lease rate is $3,500 /Mo.
    What are key features of this property?
    This property features: 1,200 sq ft building with fenced yard storage lot; Fenced yard includes roller gate plus screened panel fence and single access gate; Secured off‑street, oversize parking with gated access
    (214) 692-6400
    We can help!
    Listing Contact
    Charles Horton
    Real Estate License ID: 0546099
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    870 N Mayhill Road, Denton, TX 76208
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!