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$641,229

NAL Estimated Property Value

424 W Main St, Denison, TX, 75020

Off MarketInfo
CommercialInfo
Baths9,000 Sq Ft
BusinessBusiness
price_per_sqft$88.89 / sqft
Year BuiltBuilt in 1900

Highlights

Interior

FlooringConcrete, Hardwood, Laminate, Tile

Exterior

Lot Size5,998 sqft

Building Information

Year Built1900

Land Information

APND016 3131450
Lot Number13-14,5
SubdivisionOtp Denison
Land UseCommercial
Legal DescriptionOTP DENISON, BLOCK 50, LOT 13 & 14, 50 X 120 6,000 SQ FT, ACRES .1377 50 X 120 6,000 SQ FT
Census Tract000502
Assessed Land Value$192,000
Assessed Improvement Value$449,229
Assessment Year2025

About this property

The Rialto Theater was by far the grandest of the movie palaces of its day and now with the city's $80 mil revitalization of Denison’s Main St, the magic has returned to the Heart of Downtown w The Rialto being its historic prize jewel restored to its original splendor in the 80’s, still packing events to this day with musical concerts, Holiday Specials, executive conferences, conventions, orchestras, fundraisings, comedy, weddings and parties. This multi genre venue was well known for its wide screen boasting legendary acts such as The Marx Brothers, Gene Autry, Roy Rogers, John Wayne, Elvis Presley, etc. Positioned in the center of the Main Street action surrounded by Galleries, Museums, Cafes, Wineries, Breweries, Boutiques with the current restorations of Hotel Denison, Travelers Hotel, and The Katy Depot puts Denison on the map as a cultural destination city to rival such as Fredericksburg while situated near Lake Texoma, 12th largest lake in the US, only one hour north of Dallas.

Investor Tools

Property Icon
$641,229
Estimated Property Value
$516,352Estimated Mortgage Balance
$124,877Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,509/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,898
$641,229
2025
$192,000
$449,229
$641,229
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,898
$641,229

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Texas National Bank
Commercial
$540,000
No
First
Dec 1, 2023
Jan 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$516,352
$124,877
19%
81%
$3,238/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Denison

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424 W Main St | Property Details | No Agent List