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    4926 Mills Rd Denton, TX 76208

    For Sale
    $1,200,000

    4.5-Acre Tow Yard, Huge Potential

    Property size:
    3,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 4.5-acre property in Denton, Texas, presents a compelling investment opportunity. Currently operating as an owner-occupied tow service, the site offers significant potential for diverse uses. Located at 4926 Mills Rd, Denton, TX 76208, this mixed-use land boasts convenient access to major thoroughfares including Hwy 380, University Drive, and Loop 288, placing it within minutes of Texas Woman's University (TWU) and the University of North Texas (UNT). The property features a 7000+ square foot metal building, a water well, three septic systems, two full RV hookups, and multiple outbuildings. The expansive lot also includes ample gravel parking and storage space. The existing infrastructure, combined with the R6 zoning, allows for a variety of development options. The 3,200 square foot main building, constructed in 1944, sits on a single story and is complemented by the substantial outbuildings. The property's location adjacent to Denton Ryan High School further enhances its appeal. With its strategic location, existing structures, and versatile zoning, this property represents a rare opportunity for investors seeking a high-return, multi-use asset in a rapidly growing area. The APN is 37255. Asking price is $1,200,000.

    Property Features for 4926 Mills Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,200 SF
    Lot Size
    196,020 SF

    Building Details

    Year Built
    1944
    Stories
    1
    Units
    1

    HighLights

    • Convenient access to Hwy 380/University Dr and Loop 288.
    • Close proximity to Texas Woman's University (TWU) and University of North Texas (UNT).
    • On‑site water well.
    • Ample gravel parking and storage area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.0782285
    Latitude
    33.21463

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    FAQs

    What type of property is this?
    Multifamily property - 4.5-Acre Tow Yard, Huge Potential
    Where is this multifamily property located?
    The property is located at 4926 Mills Rd Denton, TX.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Convenient access to Hwy 380/University Dr and Loop 288.; Close proximity to Texas Woman's University (TWU) and University of North Texas (UNT).; On-site water well.
    Request Owner's contact information
    4926 Mills Rd Denton, TX 76208
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    Realmo Value Estimation

    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.

    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.

    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
    4926 Mills Rd Denton, TX 76208
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