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223 W Sycamore St

2,778 SF Office Building Denton, TX 76201 £501,015 (£180/SF) 7.87% Net Initial Yield

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 £52,123 £18.76
Other Income - -
Vacancy Loss - -
Effective Gross Income £52,123 £18.76
Taxes - -
Operating Expenses - -
Total Expenses £12,620 £4.54
Net Operating Income £39,504 £14.22

Financial Summary (Actual - 2025)

Gross Rental Income
Annual £52,123
Annual Per SF £18.76
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £52,123
Annual Per SF £18.76
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual £12,620
Annual Per SF £4.54
Net Operating Income
Annual £39,504
Annual Per SF £14.22

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,778 SF
Building Class
B
Year Built/Renovated
1930/2019
Price
£501,015
Price Per SF
£180
Net Initial Yield
7.87%
NOI
£39,453
Tenancy
Single
Number of Floors
2
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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 29377757

  • Date on Market: 26/08/2023

  • Last Updated:

  • Address: 223 W Sycamore St, Denton, TX 76201

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