Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1660 Chapman Dr Sanger, TX 76266

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1660 Chapman Dr Sanger, TX 76266

    View on Map
    • Office properties & Spaces
    • 4,225 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 1660 Chapman Dr

    Year built
    2023
    Property size
    4,225 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 4,225-square-foot medical office building, constructed in 2023, is situated on a 1.021-acre lot in Sanger, Texas, and is currently fully vacant, offering a unique opportunity for immediate occupancy. The building boasts a desirable B-2 Business District zoning, allowing for a variety of medical and professional uses. The space is divisible, with a minimum leasable area of 1,000 square feet and a maximum contiguous space of 4,225 square feet, providing flexibility for various business needs. The interior features a 9-foot ceiling height, creating a spacious and comfortable environment. The building enjoys high visibility due to its location on W. Chapman Dr, with frontage on FM 455, a roadway soon to be expanded to four lanes, ensuring increased traffic flow and exposure. This prime location is surrounded by established medical and professional businesses, and benefits from its proximity to one of the largest planned developments in the area, promising future growth and increased foot traffic. The property presents an excellent investment opportunity for medical professionals or businesses seeking a modern, well-located space in a thriving community. The entire 4,225 square feet is available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sanger
    County
    Denton
    State
    Texas
    Longitude
    -97.1854
    Latitude
    33.3666

    Comparable in this City

    • Value Estimation by Request

      2970 Farm To Market 455

      Medical Office Space
      2970 Farm To Market 455, Sanger, TX 76266
      View Details
    • Value Estimation
      $550,000
      2,522 SF

      Long Pr Rd

      CONDOMINIUM OFFICES • 2,522 SF
      Long Pr Rd, Sanger, TX 76266
      View Details
    • Value Estimation by Request

      103 Stemmons St

      Office properties & Spaces
      103 Stemmons St, Sanger, TX 76266
      View Details
    • Value Estimation by Request
      5.96 Acres

      1598 I-35 Frontage Rd

      Land • 5.96 Acres
      1598 I-35 Frontage Rd, Sanger, TX 76266
      View Details
    • Value Estimation by Request
      59.66 Acres

      59.66 Acres Cashs Ml Rd

      Farms • 59.66 Acres
      0 59.66 Acres Cashs Ml Rd, Sanger, TX 76266
      View Details
    • Value Estimation by Request
      0.73 Acres

      Sanger, TX 76266

      COMMERCIAL (GENERAL) • 0.73 Acres
      Sanger, TX 76266
      View Details

    Similar Nearby for Sale

    • $280,000
      3.24 Acres

      Sanger, TX Improved Corner Lot

      3.24 acre buildable corner lot with water meter installed.
      9061 Crow Wright Rd, Sanger, TX 76266
      View Details
    • $449,000
      2.94 Acres

      Residential Land Near Lake Ray

      2.94 acre corner lot with lake views in Sanger, TX.
      Tbd Switzer Rd, Sanger, TX 76266
      View Details
    • $225,000
      2.02 Acres

      Unimproved Land in Krum, Texas

      Two acres of unimproved land near Krum, perfect for building.
      Tbd Borth Rd, Krum, TX 76266
      View Details
    • $1,600,000
      18,696 SF

      Sanger TX Self Storage Facility

      High-Visibility Self Storage Business, Great ROI
      1309 Stemmons St, Sanger, TX 76266
      View Details
    • $500,000
      7,402 SF

      Sanger Industrial Building - Great Opportunity

      Spacious Sanger industrial building, 2.19 acres.
      101 1St St, Sanger, TX 76266
      View Details
    • $3,000,000
      5,416 SF

      Sanger Estate with Clear Creek Frontage

      61+ acre estate with two homes, barn, arena, and workshop.
      10902 Clear Creek Rd W, Sanger, TX 76266
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      New Industrial Flex Space Available

      Newly constructed flex space with convenient highway access for lease.
      1412 N Stemmons St, Sanger, TX 76266
      View Details
    • Contact for pricing

      New Industrial Business Park Space

      Industrial park with roll-up doors and ample parking for rent.
      8307 Fm 2164, Sanger, TX 76266
      View Details
    • Contact for pricing

      Prime Land Near I-35

      0.725 acres available for ground lease or build to suit.
      I-35 & Austin St, Sanger, TX 76266
      View Details
    • Contact for pricing
      6,000 SF

      New Industrial Flex Space Available

      New construction flex space with easy Interstate 35 access.
      1402 N Stemmons St, Sanger, TX 76266
      View Details
    • $16 SF/Yr
      558 SF

      Retail Space Near Interstate I-35

      Retail space in established center with high traffic and visibility.
      904 S 5Th St, Sanger, TX 76266
      View Details
    • Contact for pricing
      131,086 SF

      Industrial Space in Sanger, Texas

      Industrial space available for lease in Sanger, Texas.
      611 N Stemmons Fwy, Sanger, TX 76266
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1660 Chapman Dr
    Sanger, TX 76266
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    1660 Chapman Dr, Sanger, TX, 76266

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!