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$559,862

NAL Estimated Property Value

500 W Chestnut St, Denison, TX, 75020

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths9,464 Sq Ft
OfficeOffice
Year BuiltBuilt in 1970

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size5,998 sqft

Building Information

Year Built1935

Land Information

APND016 3204136
Lot Number1-2,50
SubdivisionStevens Addn
Land UseCommercial
Legal DescriptionSTEVENS ADDN, BLOCK 17, LOT 1 2, 50X120 (C) 6000 SQ FT,, ACRES .1377 50X120 (C) 6000 SQ FT,
Census Tract000502
Assessed Land Value$57,000
Assessed Improvement Value$522,646
Assessment Year2025

About this property

The Old City Hall building is available for LEASE! Lots of office space, 18 individual offices with more common space. Great address for a business, space is computer ready, has lots of light, nice reception area, and the perfect address in Denison. On-street parking and includes parking lot in the back of the building. Next to Rustico, and just one block off Main Street. Priced right at $3500 a month, plus taxes and utilities. Make the Old City Hall your New Address.

Investor Tools

Property Icon
$559,862
Estimated Property Value
$0Estimated Mortgage Balance
$559,862Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,359 /month
Positive
Cash Flow Estimate:
$1,120 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,137/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,840
$559,862
2025
$57,000
$522,646
$579,646
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,840
$559,862

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$559,862
100%
0%
$0/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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500 W Chestnut St | Property Details | No Agent List