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    Historic Honky Tonk Opportunity Title is generated by Realmo AI

    908 S Mingus Boulevard, Mingus, TX 76463

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    For Sale
    $525,000

    Business - Mingus, TX

    Type:Business
    Lot size:
    2.60 Acres
    Added:
    Jan 22, 2026
    Days on Market:
    125
    Last Refresh:
    May 27 at 12:06 am

    Property Features for 908 S Mingus Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    R000001658
    Lot size
    2.60 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1952
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Diana Wallace

    Listing agent Diana Wallace License #064986

    Listing office Cates & Company 104 E. Church St, Millsap, TX

    Listing date Jan 22, 2026

    MLS# 21129509 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

    • Historic honky tonk with established legacy and name recognition
    • Spacious dance floor and performance stage
    • New outdoor stage and concrete dance floor (added in early 2025)
    • Potential for various uses: live music venue, event space, or commercial concept
    • Located in Mingus, Texas, offering an authentic Texas experience
    • Parking lot available

    Overview

    The Trio Club, a historic honky tonk in Mingus, Texas, offers a piece of authentic Texas history. For decades, it has been a gathering place for live music, dancing, and entertainment. The venue exudes classic honky-tonk charm, featuring a spacious dance floor, performance stage, and bar area. Generations of patrons have visited, making it a destination for locals and travelers. The property offers potential for a new owner to continue its legacy as a live music and entertainment venue, revitalize it as a honky tonk, or reimagine the space for events, private parties, or a commercial concept. Its name recognition provides a head start for branding and marketing. Situated in a small-town Texas setting, The Trio Club attracts those seeking an authentic experience. The property size is 0 and the lot size is 2.6 acres. A new outdoor stage and concrete dance floor was added in early 2025 to allow for larger outdoor concerts. The property is located at 908 S Mingus Boulevard, Mingus, TX 76463.
    Property Profile Location Intelligence

    Current Use by Public Records

    Trio Club Nightclub

    Suggested Use

    Restaurant Bar & Pub Grocery & Convenience Store Veterinary Clinic Cafe & Coffee Shop Restaurant Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Mingus
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.42271
    Latitude
    32.535387

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    • $887,500

      Mingus Hospitality Property with Restaurant

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    FAQs

    What type of property is this?
    Bar & Pub - Legendary Texas honky tonk, a cultural landmark in Mingus.
    Where is this bar & pub located?
    The property is located at 908 S Mingus Boulevard Mingus, TX.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Historic honky tonk with established legacy and name recognition; Spacious dance floor and performance stage; New outdoor stage and concrete dance floor (added in early 2025)
    (817) 946-7775
    We can help!
    Listing Contact
    Diana Wallace
    Real Estate License ID: 064986
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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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