223 W Sycamore St
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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
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)
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Presented by
TriTex Commercial Real Estate
223 W Sycamore St
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