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    Restaurant and Bar Near Lake Title is generated by Realmo AI

    855 County Road 3440, Hawkins, TX 75765

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    Claim this Listing
    For Sale
    $349,000

    Business - Hawkins, TX

    Type:Business
    Property size:
    3,556 SF
    Lot size:
    1.35 Acres
    Price / SF:
    $98/SF
    Added:
    Dec 2, 2025
    Days on Market:
    169
    Last Refresh:
    May 20 at 11:06 am

    Property Features for 855 County Road 3440

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Parking features
    Off Street, Parking Lot, RV
    Standard status
    Active
    APN
    R16638
    Size
    3,556 SF
    Lot size
    1.35 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Propane (Heating), Space Heater
    Cooling system
    Central Air, Electric, Multi Units, Wall Unit(s)

    Building Details

    Year built
    2007
    Flooring type
    Concrete
    Building materials
    Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Randal Haluptzok

    Listing agent Randal Haluptzok License #0667526

    Listing office Cheryl Rivera Smith 11660 Creek Point Drive, Frisco, TX

    Listing date Dec 2, 2025

    MLS# 20836751 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.

    HighLights

    • Prime location directly across from Lake Hawkins, a 600+ acre spring‑fed lake.
    • Full‑service restaurant and bar with live entertainment.
    • Includes business, all FF&E, inventory, land, and improvements.
    • New kitchen addition completed in 2024.
    • Located on 1.3 acres within walking distance of the Lake Hawkins swim beach.
    • Potential for expansion and alternative uses (church retreat, private park).

    Overview

    This restaurant and bar is situated on 1.3 acres across from Lake Hawkins, a spring-fed lake spanning over 600 acres. Known locally as a hidden gem, the lake is located in East Texas, between Mineola and Big Sandy. The Hangout at Lake Hawkins is a full-service restaurant and bar that offers live entertainment on weekends. The kitchen, completed in 2024, was added to the south wall of the bar, and the restaurant has been operating since March 2024. The sale includes the business, all FF&E, inventory, land, and improvements. The 3,556 square foot building is located within walking distance of the Lake Hawkins swim beach. The adjacent cabin rental business is also listed for sale and is currently 100% occupied. Both properties are profitable in their current use. These properties could also be suitable for a church or campsite portfolio as a fellowship retreat or private park. There is potential for future growth and expansion with these investments.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Supermarket Hotel & Motel Bar & Pub Wine and Liquor Store Food Market Grocery & Convenience Store

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

    Similar Places Nearby

    • R&C BEVERAGE MART — 843 co rd 3440, hawkins, tx 75765

    Location Insight

    • Map
    • Local Demand
    City
    Hawkins
    County
    Wood
    State
    Texas
    Longitude
    -95.2425
    Latitude
    32.6661

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    FAQs

    What type of property is this?
    Bar & Pub - Profitable restaurant and bar business opportunity near Lake Hawkins.
    Where is this bar & pub located?
    The property is located at 855 County Road 3440 Hawkins, TX.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: Prime location directly across from Lake Hawkins, a 600+ acre spring‑fed lake.; **Full‑service restaurant and bar with live entertainment.**; Includes business, all FF&E, inventory, land, and improvements.
    (214) 669-0606
    We can help!
    Listing Contact
    Randal Haluptzok
    Real Estate License ID: 0667526
    Learn More
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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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