Historic Denison Mixed-Use
114 N Houston Ave Denison, TX 75021
For Sale
Contact for pricing
Majestic building in historic downtown Denison with redevelopment opportunities.
Property Size19,200 SF
Price / SF$62.50
Days on Market694
Property Features for 114 N Houston Ave
General Information
Standard status
Active
Size
19,200 SF
Property subtype
Industrial, Mixed Use, Retail
Building Details
Year Built
1900
Listing Agency:
CAPROCK REAL ESTATE ADVISORS
(888) 455-6040
Listed By:
Josh Long · License #TX0694673
Source:
Crexi
Added: Sep 4, 2024
Changed: Jul 6
Last Checked: Jul 28 at 4:27PM
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 CAPROCK REAL ESTATE ADVISORS
Investment Insights
Based on property information with market context.
Located in historic downtown Denison, this building is situated in front of the fully restored Katy Depot. The property presents a significant opportunity, especially with the opening of the Green Growler, new lofts, retail spaces, galleries, and boutiques, along with ongoing renovations in the area. The building includes a basement and two stories, featuring wide open spans and high ceilings, offering various possibilities for business use. The property is located within the City of Denison Opportunity Zone and qualifies for historic tax credits with redevelopment. A new TPO roof was installed in June 2024. The building's size is 19200 square feet.
Key Highlights
- Prime location in Historic Downtown Denison, directly in front of the Katy Depot.
- Tremendous redevelopment opportunity with new lofts, retail, galleries, and boutiques nearby.
- Qualifies for historic tax credits due to redevelopment potential.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $156.7k | $8.16 |
| − Vacancy | −$13.8k | −$0.72 |
| EGI | $142.9k | $7.44 |
| − OpEx | −$42.9k | −$2.23 |
| NOI | $100.0k | $5.21 |
19,200 SF · lease $8.16/SF/yr · vacancy 8.80% · expense 30.00%
Alternative Uses
Best Use
Office B
$4.59M
$4.01M – $5.35M
NOI $321,159 @ 7.0% cap · market cap 26.76%
Second Best
Retail
$4.55M
$3.98M – $5.31M
NOI $318,689 @ 7.0% cap · market cap 26.56%
Theoretical Best
Hotel Hospitality
$9.85M
$8.62M – $11.49M
NOI $689,472 @ 7.0% cap · market cap 57.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Majestic building in historic downtown Denison with redevelopment opportunities.
Where is this mixed-use property located?
The property is located at 114 N Houston Ave Denison, 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: Prime location in Historic Downtown Denison, directly in front of the Katy Depot.; Tremendous redevelopment opportunity with new lofts, retail, galleries, and boutiques nearby.; Qualifies for historic tax credits due to redevelopment potential.
