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    721 Elm St Denton, TX 76201

    Sponsored
    For Sale
    $1,300,000

    High-yield retail property, 7,373 SF

    Property size:
    7,373 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,373 square foot retail property, located at 721 S Elm St in Denton, Texas (zip code 76201), presents a rare investment opportunity. Built in 1938, this single-story building sits on a 0.78-acre lot, including a 0.25-acre gravel area with potential for development or additional parking. Currently 100% leased, generating a Net Operating Income (NOI) of $97,411 and a 7.49% capitalization rate, the asking price is $1,300,000 ($176.32 per square foot). The property is zoned DC-G and benefits from its prime location in Downtown Denton, near UNT and TWU, ensuring high traffic counts and a vibrant atmosphere. This desirable location attracts a diverse mix of retail, restaurant, and office tenants, making it an ideal investment for owner-users seeking a strong return. The property's location off Bell Avenue further enhances its visibility and accessibility.

    Property Features for 721 Elm St

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,373 SF
    Lot Size
    33,977 SF

    Building Details

    Year Built
    1938
    Buildings
    1
    Stories
    1

    HighLights

    • High‑traffic location on Bell Avenue in Downtown Denton.
    • Proximity to UNT and TWU college campuses.
    • Highly desirable location for retail, restaurant, and office uses with strong foot traffic and vibrant activity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pepe Le Barbershop Barber Shop Life In The Word Church Church Cara Mia Permanent ... Permanent Make-Up Clinic

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.1336103
    Latitude
    33.2074862

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    FAQs

    What type of property is this?
    Individual retail property - High-yield retail property, 7,373 SF
    Where is this individual retail property located?
    The property is located at 721 Elm St Denton, TX.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: High-traffic location on Bell Avenue in Downtown Denton.; Proximity to UNT and TWU college campuses.; Highly desirable location for retail, restaurant, and office uses with strong foot traffic and vibrant activity.
    (940) 381-2220
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    721 Elm St Denton, TX 76201
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    Denton, TX 76201
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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
    721 Elm St Denton, TX 76201
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