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    122 Locust St Denton, TX 76201
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    Property profile & analytics

    122 Locust St Denton, TX 76201

    View on Map
    • Retail space
    • 5,796 SF
    Off-Market
    Property ID
    US83-2058113
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • El Sotano / DJ & Entertainment / Nightclub
    • Paschall Bar / Bar & Pub
    • Andy's Bar & Grill / Music Venue / Bar & Pub

    Property Details for 122 Locust St

    Year built
    1877
    Property size
    5,796 SF
    Property type
    Retail space
    Property subtype
    Storefront properties

    Description

    This exceptional 5,796 square foot retail property, located at 122 N Locust St in Denton, Texas, presents a unique investment opportunity. Built in 1877, the building boasts a rich history and undeniable charm, perfectly blending old-world character with modern functionality. The property is classified as street retail, restaurant, and bar space, offering considerable versatility for a range of businesses. The multiple tenancy structure allows for flexible configurations to suit diverse needs. Situated in Denton County, with a zip code of 76201, this location benefits from high visibility and accessibility within the vibrant Denton community. The property's substantial square footage provides ample space for a variety of uses, from a flagship retail store to a multi-unit restaurant or bar concept. Its prime location ensures high foot traffic and excellent exposure to potential customers. This is an exceptional opportunity to acquire a piece of Denton's history and establish a thriving business in a highly desirable area. The property's age and character offer a unique selling proposition, attracting customers seeking a distinctive and memorable experience. The building's size and layout provide flexibility for customization and adaptation to specific business requirements. This property is ready for a new chapter, offering a blend of historical significance and modern commercial potential. Interested parties are encouraged to explore the possibilities this unique property presents.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.1320888
    Latitude
    33.2153964

    Comparable in this City

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      Prime Retail Space in Denton

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      Retail/Restaurant Space Near UNT

      Class A retail/restaurant development near the University of North Texas.
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      Downtown Denton Mixed-Use Building

      Two-story building suitable for office, retail, and restaurant uses.
      101 N Elm St, Denton, TX 76201
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      NNN Leased Retail Building

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      NNN Leased Retail Building

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    Similar Nearby for Lease

    • $19 SF/Yr

      Denton Retail Space with Basement

      Renovated retail space in Denton, TX with free basement.
      116 W Oak St, Denton, TX 76201
      View Details
    • $19 SF/Yr
      3,000 SF

      Renovated Retail Space with Basement

      Retail space for lease with renovated features and basement.
      116-118 W Oak St, Denton, TX 76201
      View Details
    • $21 SF/Yr

      Prime Retail Space in Denton

      Versatile retail space near Denton's Historic Downtown Square.
      205 North Elm St, Denton, TX 76201
      View Details
    • Contact for pricing
      2,809 SF

      Restaurant/Retail Space on University Drive

      Retail center with high visibility and ample parking.
      501-511 W University Dr, Denton, TX 76201
      View Details
    • Contact for pricing
      1,350 SF

      Retail/Restaurant Space Near UNT

      Class A retail/restaurant development near the University of North Texas.
      500 Fort Worth Dr, Denton, TX 76201
      View Details
    • Contact for pricing

      Downtown Denton Mixed-Use Building

      Two-story building suitable for office, retail, and restaurant uses.
      101 N Elm St, Denton, TX 76201
      View Details
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    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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