Renovated Warehouse in
401 W Coffin St Denison, TX 75020
For Sale
Contact for pricing
Renovated 5,000 SF warehouse with office space.
Property Size5,000 SF
Price / SF$75
Days on Market854
Property Features for 401 W Coffin St
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1970
Listing Agency:
Preston Bend Real Estate
(972) 413-0375
Listed By:
Randy Jay · License #TX 611516
Source:
Crexi
Added: Mar 23, 2024
Changed: Jul 6
Last Checked: Jul 23 at 2:00PM
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 Preston Bend Real Estate
Investment Insights
Based on property information with market context.
This renovated 5,000 SF industrial building in Denison is suitable for businesses needing warehouse and office space. The warehouse features an 18’ clear ceiling height and offers both grade-level and dock-well loading capabilities. The renovated office space is suitable for any professional. The property is located in the Sherman / Denison market, with more than $35 billion in private tech investment in Grayson County currently under construction, including Texas Instruments and GlobiTech.
Key Highlights
- Renovated industrial building suitable for warehouse and office space.
- Located in the booming Sherman / Denison market with significant tech investment (Texas Instruments, GlobiTech).
- Benefit from the 18’ clear ceiling height in the warehouse.
Financial Insights For Warehouse
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 | $40.8k | $8.16 |
| − Vacancy | −$3.6k | −$0.72 |
| EGI | $37.2k | $7.44 |
| − OpEx | −$5.6k | −$1.12 |
| NOI | $31.6k | $6.33 |
5,000 SF · lease $8.16/SF/yr · vacancy 8.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.19M
$1.05M – $1.39M
NOI $83,635 @ 7.0% cap · market cap 22.30%
Second Best
Warehouse
$451.8K
$395.4K – $527.1K
NOI $31,628 @ 7.0% cap · market cap 8.43%
Theoretical Best
Hotel Hospitality
$2.56M
$2.24M – $2.99M
NOI $179,550 @ 7.0% cap · market cap 47.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
A-Alpha Self Storage
Storage Facility
Travel Easy Decks
(Bike/Boat/Book/etc) Store
Rowell Agency
Insurance Agency
Similar Off Market Nearby
- A-Alpha Self Storage — 401 W Coffin St # 431, Denison, TX 75020
- AAA Storage — 1725 S Armstrong Ave, Denison, TX 75020
FAQs
What type of property is this?
Warehouse - Renovated 5,000 SF warehouse with office space.
Where is this warehouse located?
The property is located at 401 W Coffin St Denison, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Renovated industrial building suitable for warehouse and office space.; Located in the booming Sherman / Denison market with significant tech investment (Texas Instruments, GlobiTech).; Benefit from the 18’ clear ceiling height in the warehouse.
