223 W Sycamore St
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223 W Sycamore St
2,778 SF Office Building Denton, TX 76201 $635,000 ($229/SF) 7.87% Cap Rate
Investment Highlights
- 3 blocks from downtown Denton Square
Executive Summary
CALLING ALL INVESTORS: Long term NNN Lease in place. Gorgeous fully renovated historic office 3 blocks from downtown Denton Square with an open space arrangement, manager's office, conference room, full kitchen and dining space, and upstairs workroom and lounge area. 7 total gated parking spaces including 2 car garage in rear with fenced backyard. Zoned MN Mixed Use with some of the following restricted allowable uses: professional office such as real estate, insurance, banking or financial services, accounting, architect, construction, medical office, work-live dwelling or home based occupation, adult or child day care, veterinary clinic, salons or other general personal services, tattoo parlor, music studio, general retail, and bed and breakfast - please contact the City of Denton Planning and Zoning for more information. Investors ONLY - Long term NNN Lease in place.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$65,978
|
$23.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$65,978
|
$23.75
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$15,974
|
$5.75
|
| Net Operating Income |
$50,004
|
$18.00
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $65,978 |
| Annual Per SF | $23.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $65,978 |
| Annual Per SF | $23.75 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $15,974 |
| Annual Per SF | $5.75 |
| Net Operating Income | |
|---|---|
| Annual | $50,004 |
| Annual Per SF | $18.00 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,778 SF
Building Class
B
Year Built/Renovated
1930/2019
Price
$635,000
Price Per SF
$229
Cap Rate
7.87%
NOI
$50,004
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,389 SF
Building FAR
0.20
Land Acres
0.32 AC
Zoning
Office - Zoned MN
Parking
7 Spaces (2.52 Spaces per 1,000 SF Leased)
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (77)
-
Dustin Mayfield - TriTex Commercial Real Estate
(877) 987-0021
x107
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223 W Sycamore St
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