Mixed-Use Event Venue with
For Sale
$349,900
101 Runnels, De Kalb, TX 75559
Commercial Sale, DeKalb, TX
Property Size4,048 SF
Lot Size0.06 Acres
Price / SF$86.44
Days on Market83
Property Features for 101 Runnels
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Parking
10
Lot features
Corner Lot
Directions
Downtown DeKalb, NW Corner of Hwy 82 & Runnels, directly under Red light corner building with balcony
Subdivision
T10 DeKalb
Standard status
Active
Size
4,048 SF
Lot size
0.06 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
commercial kitchen
multiple restrooms
private room with kitchenette
internet wiring
Building Details
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Building materials
Brick
Listing Agency:
Rip England Premier Realty LLC
(903) 628-1234
Listed By:
Misty Toliver · License #0570909
(903) 748-3380
Added: Jul 18
Changed: Sep 16
Last Checked: Oct 8 at 7:06AM
MLS# 200925
Copyright © 2026 Texarkana Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story mixed-use property includes 4,048 square feet of building area, with approximately 2,700 square feet devoted to event space and approximately 1,300 square feet configured as a one-bedroom apartment. The venue includes a commercial kitchen, multiple restrooms, a private room with kitchenette, and wiring for internet and PA system use. The residential portion has a private sidewalk entrance and staircase, a bedroom with sitting area, walk-in closet, stackable washer and dryer, full bathroom, kitchen, eat-in bar, and breakfast nook.
Situated on a 0.06-acre parcel at 101 Runnels in DeKalb, Texas, the building is constructed of brick and served by public water and public sewer. Electric heating and central air provide building systems, while vinyl flooring is installed throughout the property.
Situated on a 0.06-acre parcel at 101 Runnels in DeKalb, Texas, the building is constructed of brick and served by public water and public sewer. Electric heating and central air provide building systems, while vinyl flooring is installed throughout the property.
Key Highlights
- Approximately 2,700 SF of event space with capacity for 150‑200 guests
- Approximately 1,300 SF one‑bedroom apartment with private entrance
- Commercial kitchen, multiple restrooms, and private room with kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,216
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,320
$484.3K
Cap Rate 7%
$345,943
$345.9K
Cap Rate 9%
$269,067
$269.1K
Market Conditions
NOI Build-Up for 4,048 SF
Gross rent
$50.0K $12.36/SF
− Vacancy
−$6.0K −$1.48/SF
EGI
$44.0K $10.88/SF
− OpEx
−$19.8K −$4.89/SF
NOI
$24.2K $5.98/SF
Area
Bowie County, TX
Vacancy
12.00%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,320
Cap Rate 7%
$345,943
Cap Rate 9%
$269,067
Alternative Uses
Best Use
Mixed Use
$598.5K
$523.7K – $698.3K
NOI $41,897 @ 7.0% cap · market cap 11.97%
Second Best
Apartment 5plus
$345.9K
$302.7K – $403.6K
NOI $24,216 @ 7.0% cap · market cap 6.92%
Theoretical Best
Hotel Hospitality
$3.05M
$2.67M – $3.56M
NOI $213,431 @ 7.0% cap · market cap 61.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Explore this area
Business Placement
Demographics for 75559, TX
5,472
Population
2,892
Households
1.9
Avg Household Size
45
Median Age
18%
College-Educated
90%
High-School Grad
292.4 sq mi
ZIP Area
19
Density / Sq Mi
$58,147
Median Household Income
$40,911
Median Earnings
$690
Median Rent
$128,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story commercial property combines a flexible event venue with a separately accessed residential apartment.
Where is this mixed-use property located?
The property is located at 101 Runnels De Kalb, TX.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Approximately 2,700 SF of event space with capacity for 150‑200 guests; Approximately 1,300 SF one‑bedroom apartment with private entrance; Commercial kitchen, multiple restrooms, and private room with kitchenette
