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    Property profile & analytics

    1014 Elm St Denton, TX 76201

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2130830
    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

    • Farmers Insurance - Kelly Phillips / Motorcycle Insurance Agency / Renter'S Insurance Agency
    • Stability Insurance Texas / Insurance Agency / Auto Insurance Agency

    Property Details for 1014 Elm St

    Property type
    Commercial real estate

    Description

    This exceptional single-tenant office space, located at 1014 N Elm St in Denton, Texas, offers 1,332 square feet of functional workspace. Situated in Denton County, zip code 76201, this property enjoys a prime location just one block from the Denton Square, providing unparalleled access to the vibrant heart of the city. The building itself is a one-story traditional office structure on an 8,025 square foot lot. Its proximity to the University of North Texas presents a unique opportunity to tap into the area's dynamic academic and cultural scene. Commuting is a breeze with convenient access to major highways and public transportation options, making this location highly attractive to professionals seeking a blend of urban convenience and easy accessibility. This property is perfect for a business seeking a well-situated, single-tenant office space in a thriving Texas city. The address is easily accessible and benefits from the energy and innovation that Denton offers. This is a rare opportunity to secure a highly desirable office space in a prime location.

    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
    -97.1333507
    Latitude
    33.2235775

    Comparable in this City

    • Contact for pricing
      30,898 SF

      Denton, TX Class A Office Space

      Prime Denton Office, 1,742 SF Available
      320 Eagle Dr, Denton, TX 76201
      View Details
    • Contact for pricing
      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
      View Details
    • Contact for pricing
      1,890 SF

      Denton Office Space Available

      Modern office spaces with ample parking and convenient transportation access.
      309 S Locust St, Denton, TX 76201
      View Details
    • $2,000 /Mo
      300 SF

      Denton Office Space For Rent

      Office space featuring a reception area and two private offices.
      501 S Carroll Blvd, Denton, TX 76201
      View Details
    • $15 SF/Yr
      3,049 SF

      Denton Office Space For Rent

      Office space for rent near Denton's historic downtown square.
      300 N Carroll Blvd, Denton, TX 76201
      View Details
    • $4 SF/Yr
      6,033 SF

      Denton, TX Office Space Available

      Flexible Office Solutions in Denton
      414 Parkway St, Denton, TX 76201
      View Details

    Similar Nearby for Sale

    • $1,150,000
      5,896 SF

      Denton Office Building Investment

      Prime office property in Denton, TX with development potential.
      1156 N Bonnie Brae St, Denton, TX 76201
      View Details
    • $495,000
      0.24 Acres

      Denton Commercial Building with Parking

      Turn-key, updated commercial building in the heart of Denton, Texas.
      1005 N Elm St, Denton, TX 76201
      View Details
    • $425,000
      2,016 SF

      Denton Office Space For Sale

      2016 square foot office space available in Denton, Texas.
      1701 N Elm St, Denton, TX 76201
      View Details
    • $250,000
      0.66 Acres

      Denton Office Condo For Sale

      Office condo in mixed-use development near Historic Downtown Square.
      405 S Elm St, Denton, TX 76201
      View Details
    • $1,900,000
      9,133 SF

      NNN Leased Retail Building

      Fully leased retail building in Downtown Denton with upside potential.
      222 West Hickory St, Denton, TX 76201
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    • $2,599,878
      7,242 SF

      Modern Office Space Available

      Bright, modern office space built in 2017, monument signage.
      2212 Emery St, Denton, TX 76201
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    Similar Nearby for Lease

    • Contact for pricing
      30,898 SF

      Denton, TX Class A Office Space

      Prime Denton Office, 1,742 SF Available
      320 Eagle Dr, Denton, TX 76201
      View Details
    • Contact for pricing
      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
      View Details
    • Contact for pricing
      1,890 SF

      Denton Office Space Available

      Modern office spaces with ample parking and convenient transportation access.
      309 S Locust St, Denton, TX 76201
      View Details
    • $2,000 /Mo
      300 SF

      Denton Office Space For Rent

      Office space featuring a reception area and two private offices.
      501 S Carroll Blvd, Denton, TX 76201
      View Details
    • $15 SF/Yr
      3,049 SF

      Denton Office Space For Rent

      Office space for rent near Denton's historic downtown square.
      300 N Carroll Blvd, Denton, TX 76201
      View Details
    • Contact for pricing
      36,938 SF

      Denton Square Mixed-Use Retail Space

      Prime Denton location, 36,938 sqft, Class A.
      314 Hickory St, Denton, TX 76201
      View Details
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    1014 Elm 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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