Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1716 Scripture St Denton, TX 76201
    Back to Search
    Property profile & analytics

    1716 Scripture St, Denton, TX 76201

    View on Map
    • Commercial real estate
    For Lease
    $12 SF/Yr
    View Listing →
    Office Units for Lease For Lease
    $12 SF/Yr

    Office Units for Lease

    For-rent office units in Denton, TX, offered on a defined lot for tenants seeking dedicated workspace.

    1716 Scripture Street, Denton, TX 76201
    View Listing
    Property ID
    US83-2059252
    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

    • Commercial real estate

    Property Details for 1716 Scripture St

    Property type
    Commercial real estate

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 9, 2016 — Non Typical Properties LLC — Deed · related $730k · Guaranty Bank & Trust

    Description

    The Scripture Professional Building, a newly renovated Class A office space, offers 7,000 square feet of single-tenant occupancy. Strategically located on the northeast corner of Malone and Scripture Streets, this property enjoys exceptional accessibility and proximity to key amenities. It's just blocks from Texas Health Resources Presbyterian Hospitals Denton Campus and the University of North Texas, providing a highly desirable location for businesses seeking a strong presence in a thriving medical and academic environment. The building's advantageous position places it adjacent to a pharmacy, imaging center, laboratory, and numerous medical professionals, fostering a collaborative and convenient atmosphere. Furthermore, its proximity to the future Presbyterian & Cook Children's Hospitals and Rayzor Ranch Town Center ensures continued growth and high visibility for tenants. This prime location offers easy access for employees and clients alike, making it an ideal choice for businesses seeking a modern, efficient, and well-connected workspace. The building's recent renovation ensures a high-quality, contemporary environment, ready for immediate occupancy. This single-tenant space provides the opportunity for a business to establish a strong foothold in a rapidly developing area with significant potential for growth and success. The building's Class A designation reflects its superior construction, amenities, and overall quality.

    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
    -97.1508611
    Latitude
    33.2191388

    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
      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
    • Contact for pricing
      1,100 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
    • $6,300 /Mo
      Pending

      Flexible Office Building with Parking

      Zoned MN near downtown, offering unit-level or whole-building leasing with ample additional parking.
      516 N Locust St, Denton, TX 76201
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office space with private entrance near Downtown Denton.
      320 Eagle Dr, Denton, TX 76201
      View Details

    Similar Nearby for Sale

    • $1,240,000

      Denton Retail/Office Shell Space

      Customizable retail/office space near Denton Square with basement storage.
      116 W Oak St, Denton, TX 76201
      View Details
    • Contact for pricing

      Downtown Denton Mixed-Use Opportunity

      Prime downtown parcel near Denton Square with flexible zoning.
      503 Bolivar St, Denton, TX 76201
      View Details
    • $495,000
      0.24 Acres

      Turn-Key Office Building with Private Offices

      Updated office building in Denton with flexible private offices, meeting space, and strong parking for owner-use or income.
      1005 N Elm St, Denton, TX 76201
      View Details
    • New
      $495,000
      0.25 Acres

      Historic Office Building with Parking

      Converted 1918 property offers preserved character, central HVAC, private offices, and off-street parking for client convenience.
      1306 N Locust St N, Denton, TX 76201
      View Details
    • $199,950
      0.66 Acres

      Office Condo in Mixed-Use Development

      Own an office condo in a first-of-its-kind live-work-play setting with walkable downtown access.
      405 S Elm St, Denton, TX 76201
      View Details

    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
      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
    • Contact for pricing
      1,100 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
    • $6,300 /Mo
      Pending

      Flexible Office Building with Parking

      Zoned MN near downtown, offering unit-level or whole-building leasing with ample additional parking.
      516 N Locust St, Denton, TX 76201
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office space with private entrance near Downtown Denton.
      320 Eagle Dr, Denton, TX 76201
      View Details
    View Listing
    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.
    1716 Scripture St
    Denton, TX 76201
    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
    1716 Scripture St, Denton, TX, 76201
    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!