Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    505 N Oak St Roanoke, TX 76262

    Sponsored
    For Lease
    $2,100 /Mo ($4 SF/Yr)

    Business - Roanoke, TX

    Type:Business
    Lot size:
    0.12 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 23 at 10:06 pm

    Property Features for 505 N Oak St

    General Information

    Property type
    Other
    Property subtype
    Business
    Standard status
    Active
    APN
    R72628
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Electric

    Building Details

    Year built
    1960
    Flooring type
    Hardwood
    Building materials
    Vinyl Siding
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Carol Jones

    FADAL BUCHANAN & ASSOCIATES LLC (817) 750-0012

    Listing agent Carol Jones (817) 750-0012 License #0674658

    Listing date Jan 22, 2026

    MLS# 21138210 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

    Charming Roanoke Property on Oak

    This charming property is located on Oak Street in Roanoke and has been used as a salon for several years. The property is situated on the north end of Old Town Roanoke and could be suitable for an office, boutique, bookstore, or other business. The lot size is 0.1219 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    RoanokeLicious Hair & Nails ... Beauty Salon Oak St Barber ... Hairdresser Effective Plan Management Insurance Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    House of Flowers DFW, Roanoke Florist

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Denton
    State
    Texas
    Longitude
    -97.22716
    Latitude
    33.002784

    Nearby Similar for Lease

    • $2,000 /Mo
      6,447 SF

      Roanoke Office/Retail Space Available

      Office or retail spaces for lease in Roanoke, Texas.
      504 N Oak St, Roanoke, TX 76262
      View Details
    • New
      $6,100 /Mo
      651,483 SF

      Move-in Ready Flex Garage Space

      Flex garage space in Urban Garages Northlake, ready for occupancy.
      4451 Dale Earnhardt Way, Roanoke, TX 76262
      View Details
    • $3,500 /Mo
      2,287 SF

      Premium Garage Unit in Roanoke

      Exclusive garage unit with high-end improvements and private clubhouse.
      1725 N Us 377 Hwy, Roanoke, TX 76262
      View Details
    • $25 SF/Yr
      19,646 SF

      Roanoke Office Building For Rent

      3,700 SF office building near Old Town Roanoke.
      208 Highway 377 N, Roanoke, TX 76262
      View Details
    • $5,500 /Mo
      7,080 SF

      Roanoke Industrial/Live-Work Space For Lease

      Versatile industrial/live-work space with modern finishes and convenient location.
      11544 Cockelburr Rd, Roanoke, TX 76262
      View Details
    • $1,850 /Mo
      32,060 SF

      Versatile Commercial Space in Roanoke

      1200 SF commercial space in the heart of Roanoke, TX.
      905 N Oak St, Roanoke, TX 76262
      View Details
    • $1,849 /Mo
      53,143 SF

      Roanoke Industrial Flex Space

      Meticulously maintained industrial building in Roanoke Airport area.
      11975 Cleveland Gibbs Rd, Roanoke, TX 76262
      View Details
    • $4,400 /Mo
      102,802 SF

      Former Medical Office Space Available

      Roanoke office space, previously Baylor Scott and White medical office.
      610 E Byron Nelson Blvd, Roanoke, TX 76262
      View Details
    • $31 SF/Yr

      Downtown Roanoke Retail Space Available

      4,078 SF retail space in Roanoke City Center.
      400 S Oak 160, Roanoke, TX 76262
      View Details
    • $16 SF/Yr
      51,370 SF

      AIP Roanoke: Class A Flex Space

      Modern Flex Warehouse Suites Available
      125 Country View Dr, Roanoke, TX 76262
      View Details
    • Contact for pricing
      379,620 SF

      Haronson Logistics Center - Building A

      Modern Northlake Warehouse, 379,620 SF
      12301 Harmonson Rd, Roanoke, TX 76262
      View Details
    • $9 SF/Yr
      11,500 SF

      High-Visibility Roanoke Retail Space

      Prime Retail Strip Center, 4,000 SF Available
      0 Swc Of Sh-170 & Bch St, Roanoke, TX 76244
      View Details

    FAQs

    What type of property is this?
    Storefront property - Charming property on Oak Street in Roanoke, suitable for various businesses.
    Where is this storefront property located?
    The property is located at 505 N Oak St Roanoke, TX.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on sought-after Oak St in Roanoke.; - Situated on the north end of Old Town Roanoke.; - Versatile property suitable for various business types (salon, office, boutique, bookstore, etc.).
    (817) 750-0012
    Request Owner's contact information
    505 N Oak St Roanoke, TX 76262
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    505 N Oak St
    Roanoke, TX 76262
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    505 N Oak St Roanoke, TX 76262
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Carol Jones
    Real Estate License ID: 0674658
    (817) 750-0012
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.