Three-Bay Flex
New
For Sale
$1,800,000
Parkdale Lane, Denison, TX 75020
CommercialSale, Denison, TX
Property Size12,000 SF
Lot Size0.60 Acres
Price / SF$150
Days on Market2
Property Features for Parkdale Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
Commercial
Subdivision
G-3320
Directions
From N Hwy 75 Head toward TX-503 Spur Take US-75 N to N Hwy 75 Katy Memorial Expy U.S. 75 Frontage Rd. Take exit 69 from US-75 N Continue on N Hwy 75 Katy Memorial Expy U.S. 75 Frontage Rd. Take FM 120 W to N Parkdale Ln, Denison, TX 75020
Standard status
Active
APN
112248
Lot size
0.60 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
2026
Floors in Building
1
Number of units
3
Flooring type
Concrete
Building materials
AluminumSiding
Roof type
Metal
Listing Agency:
DHS Realty
(972) 979-8413
Listed By:
Krista Landon · License #0788947
(972) 979-8413
Added: Aug 28
Last Checked: Aug 29 at 7:06PM
MLS# 21358007
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Planned for completion in 2026, this flex property will contain 12,000 square feet divided among three 4,000-square-foot bays. Each bay is designed with its own oversized access door, private office, and restroom, creating distinct spaces for industrial, storage, workshop, or business operations. The building is currently under construction and will feature concrete flooring, aluminum siding, a metal roof, central heating, and ceiling fan cooling.
The property occupies 0.599 acres on Parkdale Lane in Denison, Texas. Public water and public sewer serve the site, supporting the building’s planned commercial configuration.
The property occupies 0.599 acres on Parkdale Lane in Denison, Texas. Public water and public sewer serve the site, supporting the building’s planned commercial configuration.
Key Highlights
- 12,000‑square‑foot flex building planned for completion in 2026
- Three individual 4,000‑square‑foot bay units
- Each bay includes a spacious bay door, private office, and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,908
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,518,160
$1.5M
Cap Rate 7%
$1,084,400
$1.1M
Cap Rate 9%
$843,422
$843.4K
Market Conditions
NOI Build-Up for 12,000 SF
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.
Gross rent
$97.9K $8.16/SF
− Vacancy
−$8.6K −$0.72/SF
EGI
$89.3K $7.44/SF
− OpEx
−$13.4K −$1.12/SF
NOI
$75.9K $6.33/SF
Area
Grayson County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,518,160
Cap Rate 7%
$1,084,400
Cap Rate 9%
$843,422
Alternative Uses
Best Use
Warehouse
$1.08M
$948.9K – $1.27M
NOI $75,908 @ 7.0% cap · market cap 4.22%
Second Best
Industrial
$893.0K
$781.4K – $1.04M
NOI $62,512 @ 7.0% cap · market cap 3.47%
Theoretical Best
Hotel Hospitality
$6.16M
$5.39M – $7.18M
NOI $430,920 @ 7.0% cap · market cap 23.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75020, TX
23,782
Population
10,802
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
90%
High-School Grad
61.0 sq mi
ZIP Area
390
Density / Sq Mi
$66,308
Median Household Income
$38,656
Median Earnings
$1,136
Median Rent
$187,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - New construction will provide separate work areas with private offices and restrooms.
Where is this flex space located?
The property is located at Parkdale Lane Denison, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 12,000‑square‑foot flex building planned for completion in 2026; Three individual 4,000‑square‑foot bay units; Each bay includes a spacious bay door, private office, and restroom
