Three-Bay Flex
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 Market47
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
(903) 718-2937
Added: Aug 28
Last Checked: Oct 13 at 10:06PM
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 / Yr
$75,908
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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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
