Corner Property in Lone
For Sale
$450,000
101 Main Street, Lone Oak, TX 75453
Mixed-use property with highway frontage and potential owner financing.
Property Size800 SF
Lot Size0.28 Acres
Price / SF$562.50
Days on Market1539
Property Features for 101 Main Street
General Information
Standard status
Active
Size
800 SF
Lot size
0.28 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$980
Building Details
Year Built
1985
Listing Agency:
Exit Realty Pinnacle Group
(972) 741-2421
Listed By:
Kathy Hobbs · License #0417256
(972) 741-2421
Source:
Exitrealty
Added: May 26, 2022
Changed: Aug 9
Last Checked: Aug 9 at 11:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exit Realty Pinnacle Group
Investment Insights
Based on property information with market context.
This corner property is located in Lone Oak and includes five lots and three buildings. One of the buildings is currently leased to a restaurant. The property features frontage on Highway 69 and has two additional road entrances. Owner financing may be considered.
Key Highlights
- Large corner property with 5 lots
- Includes 3 buildings, one currently leased to a restaurant
- Highway 69 frontage offers excellent visibility
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,777
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$275,540
$275.5K
Cap Rate 7%
$196,814
$196.8K
Cap Rate 9%
$153,078
$153.1K
Market Conditions
NOI Build-Up for 800 SF
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.
Gross rent
$19.3K $24.12/SF
− Vacancy
−$926 −$1.16/SF
EGI
$18.4K $22.96/SF
− OpEx
−$4.6K −$5.74/SF
NOI
$13.8K $17.22/SF
Area
Hunt County, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$275,540
Cap Rate 7%
$196,814
Cap Rate 9%
$153,078
Alternative Uses
Best Use
Specialty Retail
$196.8K
$172.2K – $229.6K
NOI $13,777 @ 7.0% cap · market cap 3.06%
Second Best
Mixed Use
$157.7K
$138.0K – $184.0K
NOI $11,040 @ 7.0% cap · market cap 2.45%
Theoretical Best
Industrial
$794.9K
$695.6K – $927.4K
NOI $55,645 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Explore this area
Business Placement
Demographics for 75453, TX
3,737
Population
1,298
Households
2.9
Avg Household Size
43
Median Age
13%
College-Educated
86%
High-School Grad
78.4 sq mi
ZIP Area
48
Density / Sq Mi
$82,000
Median Household Income
$51,506
Median Earnings
$1,096
Median Rent
$204,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with highway frontage and potential owner financing.
Where is this mixed-use property located?
The property is located at 101 Main Street Lone Oak, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Large corner property with 5 lots; Includes 3 buildings, one currently leased to a restaurant; Highway 69 frontage offers excellent visibility
