Corner Property in Lone
For Sale
$450,000
101 Main Street, Lone Oak, TX 75453
Corner property with highway frontage, multiple buildings, and business potential.
Property Size1,380 SF
Price / SF$326.09
Days on Market100
Property Features for 101 Main Street
General Information
Standard status
Active
Size
1,380 SF
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
Exit Realty Pinnacle Group
(903) 356-4700
Listed By:
Kathy Hobbs · License #0417256
(972) 741-2421
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 16 at 1:40PM
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 in Lone Oak includes five lots and three buildings. One building is currently leased to a restaurant. The property features frontage on Highway 69 and has two additional road entrances. The property size is approximately 1380 square feet. The property is suitable for various business ideas. Owner financing may be considered.
Key Highlights
- Large corner property consisting of 5 lots.
- Includes 3 buildings.
- Highway 69 frontage offers high visibility.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.3k | $24.12 |
| − Vacancy | −$1.6k | −$1.13 |
| EGI | $31.7k | $22.99 |
| − OpEx | −$9.5k | −$6.90 |
| NOI | $22.2k | $16.09 |
1,380 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$317.2K
$277.6K – $370.1K
NOI $22,205 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.37M
$1.20M – $1.60M
NOI $95,988 @ 7.0% cap · market cap 21.33%
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
Well-served
Demand for This Use
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.
Similar Off Market Nearby
- Lana's House of Flowers — 211 Katy St, Lone Oak, TX 75453
Frequently Asked Questions
What type of property is this?
Storefront property - Corner property with highway frontage, multiple buildings, and business potential.
Where is this storefront 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 consisting of 5 lots.; Includes 3 buildings.; Highway 69 frontage offers high visibility.
