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    Property profile & analytics

    901 Locust St Denton, TX 76201

    • Commercial real estate
    • 1.63 lot acres
    For Sale
    View listing
    $750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1855345
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 901 Locust St

    Lot size
    1.63 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.63-acre land parcel presents a unique investment opportunity in the thriving city of Denton, Texas. Located at 901 S. Locust St., this property boasts a highly desirable Mixed-Use Neighborhood zoning designation, opening doors to a wide array of development possibilities. The expansive lot offers significant potential for both residential and commercial ventures, catering to the growing demand for diverse uses within the Denton community. Priced at $750,000, the land's value translates to $10.56 per square foot, reflecting its strategic location and development potential. The single existing building on the site provides a blank canvas for redevelopment or repurposing, allowing for creative design and maximum return on investment. Situated in Denton County, Texas, with a zip code of 76201, this property benefits from convenient access to local amenities, transportation networks, and the vibrant Denton city center. The coordinates are 33.2053299 latitude and -97.13221 longitude. This is a rare chance to acquire a substantial land holding in a dynamic Texas market, ideal for developers seeking a prime location for a mixed-use project. The property's multi-family tenancy designation further enhances its versatility and appeal to investors seeking diverse income streams. Don't miss this opportunity to shape the future of Denton's landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.13221
    Latitude
    33.2053299

    Comparable in this City

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      Denton Duplex with Upgrades

      Upgraded duplex near TWU and UNT, ideal for investors.
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      Multifamily Units Near University of North Texas

      Eight units near UNT, perfect for students or professionals.
      1303 Fannin St, Denton, TX 76201
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      13,458 SF

      Denton Student Housing Opportunity

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    • $3,500,000

      Denton Redevelopment Opportunity

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    Similar Nearby for Sale

    • $1,153,860
      0.43 Acres

      Cleared Land Near University

      Land ready for development near the University of North Texas.
      321 Fry St, Denton, TX 76201
      View Details
    • $575,000
      0.24 Acres

      Denton Duplex with Upgrades

      Upgraded duplex near TWU and UNT, ideal for investors.
      2200 Bolivar St, Denton, TX 76201
      View Details
    • $1,500,000
      0.48 Acres

      Multifamily Units Near University of North Texas

      Eight units near UNT, perfect for students or professionals.
      1303 Fannin St, Denton, TX 76201
      View Details
    • $250,000
      930 SF

      Renovated Condo Near UNT & TWU

      Completely renovated 2-bedroom, 2-bath condo near universities and amenities.
      618 W Collins St, Denton, TX 76201
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    • Contact for pricing
      13,458 SF

      Denton Student Housing Opportunity

      22-Unit Multifamily near UNT
      1600 Scripture St, Denton, TX 76201
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    • $3,500,000

      Denton Redevelopment Opportunity

      53,000 SF facility on 5 acres in Denton, TX.
      2229 N Carroll Blvd, Denton, TX 76201
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    Similar Nearby for Lease

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      Cozy Home Near UNT Denton

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      Denton Retail Building - 2850 SF

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      27,137 SF

      Denton Office Space For Rent

      Modern office spaces in vibrant Denton, TX, with ample parking.
      315 S Locust St, Denton, TX 76201
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    901 Locust St
    Denton, TX 76201
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    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
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