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    102a Fisk Ave Brownwood, TX 76801

    View on Map
    Sponsored
    Picture of Bars & Pubs at Fisk Ave 102a, Brownwood, TX
    For Sale
    $695,000

    Business - Brownwood, TX

    Type:Business
    Property size:
    14,000 SF
    Lot size:
    0.98 Acres
    Days on Market:
    36
    Last Refresh:
    Mar 17 at 12:06 pm

    Property Features for 102a Fisk Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    000000055949
    Parking features
    On Street, Parking Lot
    Size
    14,000 SF
    Lot size
    0.98 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1876
    Flooring type
    Concrete
    Building materials
    Brick, Frame, Plaster, Stone
    Roof type
    Built-Up, Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Brandon Harris
    Brandon Harris

    Mesa Commercial Real Estate (214) 577-1520

    Listing agent Brandon Harris (214) 577-1520 License #0497300

    Listing date Feb 9, 2026

    MLS# 21017957 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historical Downtown Brownwood Restaurant/Bar

    This well-preserved historical property, constructed circa 1876, is located in Downtown Brownwood, a regional hub in the heart of Texas. The area is experiencing a revival of public and private property investment, redevelopment, and entrepreneurship. The building underwent extensive renovation in 2019 to accommodate its current use as a restaurant and bar. Renovations included new HVAC, ADA-compliant restrooms, restored brick and plaster walls, concrete and wood floors, a commercial kitchen, and an outdoor patio with a stage. The property has approximately 14,000 square feet per floor. The first floor includes 4,000 square feet of retail area divided into two rooms, a 500 square foot office area, and warehouse storage. There is an approximate 40-car parking area, plus street parking. The property is currently leased to Wild Duck Sports Bar, generating approximately $48,000 in annual net operating income. The lot size is 0.982 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Wild Duck, Primal Brewing Company, The Turtle Enoteca, LTD, Crazy Lemon, The Turtle Restaurant

    Location Insight

    • Map
    • Local Demand
    City
    Brownwood
    County
    Brown
    State
    Texas
    Longitude
    -98.979736
    Latitude
    31.720669

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    FAQs

    What type of property is this?
    Bar & Pub - Well-preserved historical property in revitalizing downtown Brownwood, Texas.
    Where is this bar & pub located?
    The property is located at 102a Fisk Ave Brownwood, TX.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - Prime location in Downtown Brownwood, a revitalizing regional hub in central Texas.; - Significant 2019 renovation including new HVAC, ADA restrooms, and a commercial kitchen.; - Historical building (c.1876) with restored brick and plaster walls, and concrete & wood floors.
    (214) 577-1520
    Request Owner's contact information
    102a Fisk Ave Brownwood, TX 76801
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    Brownwood, TX 76801
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    102a Fisk Ave Brownwood, TX 76801
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    We can help!
    Listing Contact
    Brandon Harris
    Brandon Harris
    Real Estate License ID: 0497300
    (214) 577-1520
    Learn more
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