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    9913 Us-59 Fannin, TX 77960

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    Claim this Listing
    For Sale
    $169,999

    COMMERCIAL - Fannin, TX

    Property size:
    1,320 SF
    Lot size:
    0.41 Acres
    Added:
    Feb 14, 2026
    Days on Market:
    60
    Last Refresh:
    Apr 15 at 1:06 am

    Property Features for 9913 Us-59

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Special Needs
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    5256
    Size
    1,320 SF
    Lot size
    0.41 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    FANNIN SURV 1 BLK 3 AC .41
    Tax Annual Amount
    691

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well, Private

    Building Details

    Year built
    1920
    Floors in Building
    1
    Flooring type
    Wood
    Building materials
    WoodSiding

    We can help!

    Listing Contact
    The Petry Realty Group

    Listing agent The Petry Realty Group

    Listing office Cornerstone Properties 5003-F John Stockbauer Dr., Victoria, TX

    Listing date Feb 14, 2026

    MLS# 604614

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Texas BBQ Landmark on Highway

    This is an opportunity to own McMillan's BBQ, a Texas institution that has served the Fannin community for over 50 years. The property is strategically located off Highway 59 in Fannin, Texas, offering high visibility and benefiting from steady highway traffic and local industry support. The Coleto Creek Power LP Plant brings in approximately 45-55 lunch customers daily, providing reliable weekday business in addition to pass-through travelers. The property features frontage and easy access from Highway 59, an established restaurant building, an outdoor pavilion offering additional seating capacity, and a backyard stage area ideal for live music and special events. The outdoor pavilion and stage create opportunities to expand revenue through live bands, community events, and private gatherings. The property size is 1320 square feet on a lot of 0.41 acres. BBQ pits and proprietary recipes are negotiable with the sale, allowing the next owner to seamlessly continue commercial BBQ operations. The property is located in Fannin, Texas, with access from US-59.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Auto Parts Store Auto Repair Shop Restaurant Real Estate Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Fannin
    County
    Goliad
    State
    Texas
    Longitude
    -97.238163
    Latitude
    28.696513

    Nearby Similar for Sale

    • $129,900
      1,500 SF

      Commercial Property on Highway 59

      Workshop and storage center with highway access and visibility.
      10083 N US Hwy 59, Fannin, TX 77960
      View Details
    • $129,900
      1,500 SF

      Highway Frontage Commercial Property

      High-traffic location suitable for retail, office, or service center.
      10083 N US Hwy 59, Fannin, TX 77960
      View Details

    FAQs

    What type of property is this?
    Restaurant - Established restaurant with prime highway frontage and strong local support.
    Where is this restaurant located?
    The property is located at 9913 Us-59 Fannin, TX.
    What is the asking price?
    The asking price for this property is $169,999.
    What are key features of this property?
    This property features: Prime Highway 59 Frontage: High visibility and easy access.; Established Landmark Restaurant: Over 50 years of operation with a loyal customer base.; Consistent Industrial Lunch Crowd: Reliable weekday business from the nearby Coleto Creek Power LP Plant.
    (361) 571-4769
    We can help!
    Listing Contact
    The Petry Realty Group
    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.

    More about this property
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