Restaurant and Two-Story Office
504 N Oak Street Roanoke, TX 76262
504 N Oak Street, Roanoke, TX, 76262
$3,995,000
For Sale
$3,995,000
COMMERCIAL - Roanoke, TX
Property Size9,542 SF
Lot Size0.15 Acres
Price / SF$418.68
Days on Market53
Property Features for 504 N Oak Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- R73360
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- BRAND & BOWEN'S BLK 27 LOT 4,5,6
- Tax Annual Amount
- 13823
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Electric
Building Details
- Year built
- 1985
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Vinyl, Carpet
- Building materials
- Frame
- Roof type
- Composition
Listing Agency
Park Place Real Estate
(817) 688-3200
Keller, TX
Listed by
Kelly Horton · License #0418194
(817) 688-3200
Added: May 29 Updated: Jul 10 at 10:35 pm Checked: Jul 20 at 9:06 pm
MLS# 21284061
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.
Investment Insights
Based on property information with market context.
The property consists of two structures totaling 9,542 square feet under roof, including a two-story multi-tenant building and a free-standing building that houses the restaurant. The office complex provides eight income-producing suites, with three currently vacant, creating immediate upside for a new owner to stabilize occupancy. The restaurant is an operating component of the offering and is included with furniture, fixtures, and equipment.
The purchase includes both the restaurant building and the two-story office complex, positioned as a combined income opportunity rather than a single-use asset. Current performance figures for the restaurant include gross sales over $1,400,000 and sellers’ discretionary earnings north of $260,000, providing a clear operating benchmark for buyers evaluating the food-and-beverage component.
This configuration can appeal to investors seeking a mixed-use cash-flow strategy with both suite-based income and restaurant revenue under one ownership. It may also fit an operator or owner-user looking to own the restaurant location while benefiting from rental income from the surrounding office suites, with room to improve results by filling the existing vacancies.
The purchase includes both the restaurant building and the two-story office complex, positioned as a combined income opportunity rather than a single-use asset. Current performance figures for the restaurant include gross sales over $1,400,000 and sellers’ discretionary earnings north of $260,000, providing a clear operating benchmark for buyers evaluating the food-and-beverage component.
This configuration can appeal to investors seeking a mixed-use cash-flow strategy with both suite-based income and restaurant revenue under one ownership. It may also fit an operator or owner-user looking to own the restaurant location while benefiting from rental income from the surrounding office suites, with room to improve results by filling the existing vacancies.
Key Highlights
- Two structures with 9,542 SF under roof: a two‑story multi‑tenant office building plus a free‑standing restaurant building
- 8 income‑producing suites currently gross $7,200/month, with 3 vacancies
- Restaurant gross sales over $1,400,000; sellers' discretionary earnings north of $260,000
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $251.9k | $26.40 |
| − Vacancy | −$11.3k | −$1.19 |
| EGI | $240.6k | $25.21 |
| − OpEx | −$60.1k | −$6.30 |
| NOI | $180.4k | $18.91 |
9,542 SF · lease $26.40/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,430 @ 7.0% cap · market cap 4.52%
Second Best
Office B
$1.90M
$1.66M – $2.21M
NOI $132,682 @ 7.0% cap · market cap 3.32%
Theoretical Best
Multifamily LT 5
$133.44M
$116.76M – $155.68M
NOI $9,340,757 @ 7.0% cap · market cap 233.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Anchor Cleaners & Laundry
(Bike/Boat/Book/etc) Store
My Texas Insurance
Insurance Agency
The Classic Cafe at Roanoke
Restaurant
Lash Parfait
Hair Salon
Oak Street Beauty ...
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Two-building setup with a restaurant and multi-tenant office suites, including existing suite income and current vacancies.
Where is this conventional restaurant located?
The property is located at 504 N Oak Street Roanoke, TX.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Two structures with 9,542 SF under roof: a two‑story multi‑tenant office building plus a free‑standing restaurant building; 8 income‑producing suites currently gross $7,200/month, with 3 vacancies; Restaurant gross sales over $1,400,000; sellers' discretionary earnings north of $260,000
