Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    Shepherd St Denison, TX 75021

    • Land
    • 19.26 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Shepherd St

    Lot size
    19.26 lot acres
    Property type
    Land

    Description

    This exceptional 19.263-acre property, located on E Shepherd St in Denison, Grayson County, Texas, presents a remarkable investment opportunity. The land boasts approximately 835 feet of frontage on E Shepherd St and approximately 60 feet on S Ninth Ave. This versatile property offers a unique blend of commercial, residential, and recreational potential. Approximately 13 acres are zoned for mobile homes, providing immediate development possibilities. An additional approximately 6 acres are unzoned, situated within Denison's extraterritorial jurisdiction (ETJ), offering flexibility for future planning. City water and sewer services are readily available. The property enjoys stunning views from one of Grayson County's highest elevations. Its convenient location places it minutes away from Lamar Elementary School and Denison's thriving downtown area, home to over 200 independently owned businesses. The asking price is $1,155,780, and owner financing is available, making this an attractive proposition for discerning investors. The property's APN numbers are 146539

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Denison
    County
    Grayson
    State
    Texas
    Longitude
    -96.5248
    Latitude
    33.749

    Comparable in this City

    • Value Estimation by Request
      32.00 Acres

      2257 Woodlake Rd

      Land • 32.00 Acres
      2257 Woodlake Rd, Denison, TX 75021
      View Details
    • Value Estimation by Request
      31.00 Acres

      Woodlake Rd

      Land • 31.00 Acres
      0 Woodlake Rd, Denison, TX 75021
      View Details
    • Value Estimation
      $255,000
      1.00 Acre

      Denison, TX 75021

      COMMERCIAL (GENERAL) • 1.00 Acre
      Denison, TX 75021
      View Details
    • Value Estimation
      $250,000
      0.58 Acres

      Murphy

      COMMERCIAL (GENERAL) • 0.58 Acres
      Murphy, Denison, TX 75021
      View Details
    • Value Estimation
      $245,000
      1,530 SF

      1058 Us Hwy 69

      COMMERCIAL (GENERAL) • 1,530 SF
      1058 Us Hwy 69, Denison, TX 75021-6528
      View Details
    • Value Estimation
      $275,000
      3,750 SF

      115 Gandy St

      COMMERCIAL (GENERAL) • 3,750 SF
      115 Gandy St, Denison, TX 75021-3056
      View Details

    Similar Nearby for Sale

    • $6,900,000

      Land For Sale

      Land available for sale.
      1747 Desvoignes Rd, Denison, TX 75021
      View Details
    • $245,000
      5.00 Acres

      Land For Sale in Denison

      5 acre land tract with mature trees in Denison, TX.
      0000 Carpenters Bluff Rd, Denison, TX 75021
      View Details
    • Contact for pricing
      0.12 Acres

      RV Lot For Lease

      RV lot for lease in Denison, Texas.
      1046 E Owing St, Denison, TX 75021
      View Details
    • New
      $400,000
      7.00 Acres

      7 Acres of Treed Land

      7 acres of treed land near downtown Denison, Texas.
      E Heron St, Denison, TX 75021
      View Details
    • Contact for pricing

      Land For Sale Denison, TX

      Land available for sale in Denison, Texas.
      715 W Sears St, Denison, TX 75021
      View Details
    • $50,000
      0.16 Acres

      Cleared Interior Lot in Denison

      Cleared interior lot available in Denison, Texas.
      417 East Texas St, Denison, TX 75021
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      131,638 SF

      Denison Warehouse with Updated Offices

      Spacious warehouse with updated offices and excellent access.
      130 W Crawford St, Denison, TX 75021
      View Details
    • $2,500 /Mo
      12,807 SF

      Denison, TX: High-Visibility Commercial Building

      Two-story building suitable for retail, office, spa, or healthcare.
      101 W Us Highway 69, Denison, TX 75021
      View Details
    • $8,500 /Mo
      94,525 SF

      Denison Warehouse with Fenced Yard

      13,072 SF warehouse on 2.17 acres available for rent.
      703 N Houston Ave, Denison, TX 75021
      View Details
    • Contact for pricing
      1,000 SF

      Revitalized Retail Space Available

      Modern retail spaces for lease in Denison, Texas.
      815 W Crawford St, Denison, TX 75021
      View Details
    • $14 SF/Yr
      3,000 SF

      Historic Restaurant Space in Denison

      Restored restaurant space in historic downtown Denison, Texas.
      120 W Main St, Denison, TX 75021
      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.
    Shepherd St
    Denison, TX 75021
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.