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    Restaurant with Party Pavilion Title is generated by Realmo AI

    2192 N Highway 144, Glen Rose, TX 76043

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    Claim this Listing
    For Lease
    $5,830 /Mo

    COMMERCIAL - Glen Rose, TX

    Lot size:
    1.97 Acres
    Added:
    May 7, 2026
    Days on Market:
    32
    Last Refresh:
    Jun 7 at 12:06 am

    Property Features for 2192 N Highway 144

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    39189
    Lot size
    1.97 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 1.9 acres TRACT: 83-1 ABST: A135 A135 MILA

    Utilities

    Utilities
    Propane
    Sewer type
    Aerobic Septic
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Multi Units, Electric

    Building Details

    Year built
    2023
    Floors in Building
    1
    Number of units
    1
    Building materials
    MetalSiding, WoodSiding
    Roof type
    Composition, Metal

    We can help!

    Listing Contact
    Bill Vineyard
    Bill Vineyard

    Listing agent Bill Vineyard

    Listing office Paluxy River Realty Glen Rose, TX

    Listing date May 7, 2026

    MLS# 21258855

    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.

    HighLights

    • Over 7,000 SF of floor space built in 2023
    • Ample on‑site parking with parking lot
    • Accessible approach with ramp
    • Heating and cooling include central systems with central air and electric options
    • Utilities include propane; septic system is aerobic septic
    • Roofing includes composition and metal; construction materials include metal siding and wood siding

    Overview

    Opportunity to bring your restaurant concept to Glen Rose in Somervell County. The available space offers more than 7,000 square feet, with on-site parking designed to support customer volume. The property also includes a party pavilion and pickleball courts, giving it built-in features for an operator looking to host events or create an experience beyond the dining room.

    The location is immediately adjacent to Squaw Valley Golf Course, placing the site in a natural draw area for visitors and leisure traffic. Public remarks indicate daily traffic counts exceed 8,500, and Glen Rose is described as a leading weekend getaway, which can translate into added demand during peak recreation periods.

    This offering is a strong fit for a conventional restaurant tenant seeking a high-visibility, amenity-rich setting with parking for groups. It may also appeal to operators exploring other commercial uses, supported by the property’s event-ready outdoor improvements and recreational components that align well with destination-style foot traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Auto Repair Shop Hotel & Motel Auto Parts Store Bar & Pub Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Rose
    County
    Somervell
    State
    Texas
    Longitude
    -97.732467
    Latitude
    32.2675607

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      Restaurant Space with Party Pavilion

      Restaurant-ready space with ample parking and on-site event amenities near a golf course and high daily traffic.
      2192 N Highway 144, Glen Rose, TX 76043
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    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant space with ample parking and event amenities, positioned beside a golf course with strong daily traffic.
    Where is this conventional restaurant located?
    The property is located at 2192 N Highway 144 Glen Rose, TX.
    What is the lease rate?
    The lease rate is $5,830 /Mo.
    What are key features of this property?
    This property features: Over 7,000 SF of floor space built in 2023; Ample on‑site parking with parking lot; Accessible approach with ramp
    (254) 898-0413
    We can help!
    Listing Contact
    Bill Vineyard
    Bill Vineyard
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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.

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    2192 N Highway 144, Glen Rose, TX 76043
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