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

    2800 Interstate 35 Denton, TX 76201-5116

    • Commercial real estate
    • 52,319 SF
    • 25.92 lot acres
    OFF-MARKET
    Value Estimations
    $9,385,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1651781
    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

    • Mariachi de Denton - Mariachi Misterio / Music Venue / Theater & Performing Art Venue
    • Buc-ee's / Grocery & Convenience Store

    Property Details for 2800 Interstate 35

    Year built
    2018
    Lot size
    25.92 lot acres
    Property size
    52,319 SF
    Property type
    Commercial real estate
    APN
    R692839
    APU
    R692839

    Description

    This exceptional investment opportunity presents a fee-simple ownership of a brand-new IHOP restaurant in Denton, Texas. Located at 2800 S Interstate 35, this 3,750 square foot restaurant sits on a 1.5-acre lot and benefits from a 15-year absolute NNN lease commencing December 31, 2024, and expiring December 31, 2039. The lease includes six five-year renewal options and features annual rent bumps, providing a strong hedge against inflation. The property boasts a 5.00% cap rate and a current NOI of $185,000, with 100% occupancy by a best-in-class franchisee. The prime location on Interstate 35, a major thoroughfare with approximately 101,648 vehicles per day, ensures high visibility and strong traffic. The property is an outparcel to a high-traffic Buc-ee's convenience store and is adjacent to a recently opened Longhorn Steakhouse, further enhancing its desirability. The building, completed in 2024, showcases state-of-the-art construction and upgraded architecture. Additional outparcels are available for future development. The asking price is $3,700,000. Detailed rent bump information is available in the offering memorandum.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,510,000
      6.5%
      $10,625,000
      7%
      $9,865,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $8,142,000
      Market price range: $2.68M - $8.14M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $10,570,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.1027
    Latitude
    33.1795
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $342,836
    $9,032,602
    $8,167,398
    $17,200,000
    -
    $9,032,602
    $8,167,398
    $17,200,000

    Comparable in this City

    • Value Estimation by Request
      0.37 Acres

      Highland St

      COMMERCIAL (GENERAL) • 0.37 Acres
      Highland St, Denton, TX 76201
      View Details
    • Value Estimation by Request
      0.37 Acres

      Highland St

      COMMERCIAL (GENERAL) • 0.37 Acres
      Highland St, Denton, TX 76201
      View Details
    • Value Estimation by Request
      0.43 Acres

      Maple St

      COMMERCIAL (GENERAL) • 0.43 Acres
      Maple St, Denton, TX 76201
      View Details
    • Value Estimation by Request
      1.08 Acres

      925 Maple St

      COMMERCIAL (GENERAL) • 1.08 Acres
      925 Maple St, Denton, TX 76201-5840
      View Details
    • Value Estimation by Request
      1.16 Acres

      Mounts Ave

      COMMERCIAL (GENERAL) • 1.16 Acres
      Mounts Ave, Denton, TX 76201
      View Details
    • Value Estimation by Request
      0.34 Acres

      1611 Mulberry St

      COMMERCIAL (GENERAL) • 0.34 Acres
      1611 Mulberry St, Denton, TX 76201
      View Details

    Similar Nearby for Sale

    • $475,000
      0.45 Acres

      Denton Commercial Land: 0.45 Acres

      Prime Denton location, commercial land, $475,000.
      531 Wainwright St, Denton, TX 76201
      View Details
    • $1,400,000
      0.21 Acres

      Prime Denton Commercial Land

      0.21-acre lot, ideal for development. High-traffic location.
      108 Locust St, Denton, TX 76201
      View Details
    • $750,000
      1.63 Acres

      Denton Mixed-Use Land Opportunity

      1.63 Acres, $750,000, Mixed-Use Zoning
      901 Locust St, Denton, TX 76201
      View Details
    • $2,586,666
      29,969 SF

      Prime Denton QSR Pad Site

      High-traffic location, excellent visibility.
      2038 University Dr, Denton, TX 76201
      View Details
    • $250,000
      930 SF

      Renovated Condo Near UNT & TWU

      Completely renovated 2-bedroom, 2-bath condo near universities and amenities.
      618 W Collins St, Denton, TX 76201
      View Details
    • $1,153,860
      0.43 Acres

      Cleared Land Near University

      Land ready for development near the University of North Texas.
      321 Fry St, Denton, TX 76201
      View Details

    Similar Nearby for Lease

    • 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
    • $19 SF/Yr
      600 SF

      Downtown Carroll Blvd Office Space

      Move-in ready, 600 sq ft office suite.
      303 Carroll Blvd, Denton, TX 76201
      View Details
    • $32 SF/Yr
      23,431 SF

      Downtown Denton Retail Space

      Prime Denton location, 5,357 sq ft available
      100 Oak St, Denton, TX 76201
      View Details
    • Contact for pricing
      4,494 SF

      Medical Office Near THR-Denton Hospital

      4,494 SF medical office adjacent to THR-Denton Hospital Campus.
      319 N Bonnie Brae St, Denton, TX 76201
      View Details
    • Contact for pricing
      700 SF

      Denton Commercial Space For Rent

      Versatile commercial space in Denton, TX with flexible lease options.
      401-415 W University Dr, Denton, TX 76201
      View Details
    • $15 SF/Yr
      1,482 SF

      Retail/Office Space Near University

      High-traffic retail or office space near Texas Woman's University.
      1421 Oakland St, Denton, TX 76201
      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.
    2800 Interstate 35
    Denton, TX 76201-5116
    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.