Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Denton Commercial Development Opportunity Title is generated by Realmo AI

    SWC Loop 288 & E Sherman Dr, Denton, TX 76209

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land available for development in Denton, Texas.

    Type:Land
    Lot size:
    2.34 Acres
    Added:
    May 29, 2024
    Days on Market:
    715
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for SWC Loop 288 & E Sherman Dr

    General Information

    Standard status
    Active
    Lot size
    2.34 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Baylor Worman
    Baylor Worman

    Listing agent Baylor Worman License #TX 784561

    Listing office Matthews

    Listing date May 29, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Matthews

    HighLights

    • Prime Location: High visibility and accessibility at SWC Loop 288 & E. Sherman Dr.
    • Flexible Space Options: Lease spaces from 1,600 to 3,400 SF, with pad sites for sale. Sizes are adjustable.
    • 3,400 SF Endcap Available: Can be demised.
    • Pad Site Opportunities: Multiple pad sites available for sale for development projects.
    • Favorable "SC" Zoning: Permits restaurants, drive‑thrus, car washes, and auto‑related services.
    • New Construction: Space delivered in Shell Condition in Q3/Q4 2025, allowing customized build‑out.

    Overview

    Commercial land is available for development at the southwest corner of Loop 288 and E. Sherman Dr. in Denton, TX. Retail space for lease is available, ranging from 1,600 to 3,400 square feet, to be delivered in shell condition with estimated delivery in Q3/Q4 2025. An endcap unit of 3,400 square feet is available and can be demised. Another endcap unit offers 1,600 square feet. Pad sites are available for sale, with sizes adjustable for the user. Lot 1 comprises 2.34 acres and is a hard corner. Lot 2 is 1.06 acres and is a proposed retail center of 8,000 square feet. Lot 3 is 0.77 acres, and Lots 4 and 5 are each 1.00 acre. The zoning is "SC", allowing for various uses such as restaurants, drive-thrus, car washes, and auto-related businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.134015
    Latitude
    33.232013

    Nearby Similar for Sale

    • $500,000

      Denton Car Wash Business Opportunity

      Well-located touchless car wash near I-35 and universities.
      1704 Teasley Lane, Denton, TX 76205
      View Details
    • $450,000

      Downtown Denton Flexible Use Building

      Prime downtown location near shops, restaurants, and music venues.
      503 Bolivar Street, Denton, TX 76201
      View Details
    • $799,000

      Medical Building Near Medical City

      Purpose-built medical building with exam rooms and private offices.
      3204 Colorado Boulevard, Denton, TX 76210
      View Details
    • $4,850,000

      Denton Retail Center Investment Opportunity

      Bank-owned retail center in Denton, TX with value-add potential.
      1431-1437 E McKinney Street, Denton, TX 76209
      View Details
    • $799,000

      High-Visibility Land Ready for Development

      1.7-acre MN-zoned land parcel for immediate development in Denton, TX.
      5130 E Mckinney Street, Denton, TX 76208
      View Details
    • $1,400,000

      Denton Commercial Property on Elm

      Prime commercial property suitable for various uses in Denton, TX.
      2801 N Elm Street, Denton, TX 76201
      View Details
    • $648,000
      3,836 SF

      Income-Producing Triplex Near Denton Square

      Three-unit property near UNT and TWU with income potential.
      1401 Bolivar Street, Denton, TX 76201
      View Details
    • $1,100,000
      4,134 SF

      Updated Farmhouse Estate on Acreage

      Updated farmhouse on 4.52 acres near Flower Mound.
      2313 Hickory Creek Road, Denton, TX 76210
      View Details
    • $1,875,000

      Denton Mixed-Use Development Opportunity

      8.5-acre assemblage for mixed-density development in Denton, Texas.
      5094 E Mckinney Street, Denton, TX 76208
      View Details
    • $550,000
      4,095 SF

      Denton Quadruplex: Fully Leased Investment

      Fully leased quadruplex in Denton, offering immediate income potential.
      3065-3071 Olympia Drive, Denton, TX 76209
      View Details
    • $497,000

      Designer Duplex with Guest House

      Income-producing duplex or main house with guest house on half-acre.
      2012 N Locust Street, Denton, TX 76209
      View Details
    • $550,000
      4,095 SF

      Fully Leased Denton Quadruplex

      Income-producing quadruplex in Denton, fully leased and well-maintained.
      3073-3079 Olympia Drive, Denton, TX 76209
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available for development in Denton, Texas.
    Where is this commercial land located?
    The property is located at SWC Loop 288 & E Sherman Dr Denton, TX.
    What are key features of this property?
    This property features: Prime Location: High visibility and accessibility at SWC Loop 288 & E. Sherman Dr.; Flexible Space Options: Lease spaces from 1,600 to 3,400 SF, with pad sites for sale. Sizes are adjustable.; 3,400 SF Endcap Available: Can be demised.
    (214) 227-2729 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Baylor Worman
    Baylor Worman
    Real Estate License ID: TX 784561
    Learn More
    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
    SWC Loop 288 & E. Sherman Dr, Denton, TX 76209
    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!