Downtown Restaurant
New
For Sale
$384,000
1013 Halsell, Bridgeport, TX 76426
Commercial zoning and central electric service support restaurant use in downtown Bridgeport.
Property Size1,922 SF
Days on Market4
Property Features for 1013 Halsell
General Information
Standard status
Active
Size
1,922 SF
Zoning
Commercial
Net Operating Income
$80,000
Amenities
Electric
Central
Asphalt
Building Details
Building Size
1,922 SF
Year Built
1950
Stories
1
Listing Agency:
Elaine Kunkleman, Broker
Listed By:
Elaine Kunkleman · License #466714
(817) 925-9202
Source:
Evrealestate
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 8:38AM
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 Elaine Kunkleman, Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property at 1013 Halsell Street in Bridgeport was built in 1950. The building has central electric service and an asphalt exterior feature, with Commercial zoning.
Its downtown Bridgeport location places the property in the city center on Halsell Street.
Its downtown Bridgeport location places the property in the city center on Halsell Street.
Key Highlights
- Commercial zoning
- Built in 1950
- Central electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,361
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,220
$687.2K
Cap Rate 7%
$490,871
$490.9K
Cap Rate 9%
$381,789
$381.8K
Market Conditions
NOI Build-Up for 1,922 SF
Gross rent
$48.0K $24.96/SF
− Vacancy
−$2.2K −$1.12/SF
EGI
$45.8K $23.84/SF
− OpEx
−$11.5K −$5.96/SF
NOI
$34.4K $17.88/SF
Area
Wise County, TX
Vacancy
4.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,220
Cap Rate 7%
$490,871
Cap Rate 9%
$381,789
Alternative Uses
Best Use
Specialty Retail
$490.9K
$429.5K – $572.7K
NOI $34,361 @ 7.0% cap · market cap 8.95%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.45M
$1.27M – $1.69M
NOI $101,337 @ 7.0% cap · market cap 26.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76426, TX
11,727
Population
4,435
Households
2.6
Avg Household Size
39
Median Age
23%
College-Educated
82%
High-School Grad
130.9 sq mi
ZIP Area
90
Density / Sq Mi
$84,759
Median Household Income
$40,995
Median Earnings
$1,172
Median Rent
$257,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial zoning and central electric service support restaurant use in downtown Bridgeport.
Where is this conventional restaurant located?
The property is located at 1013 Halsell Bridgeport, TX.
What is the asking price?
The asking price for this property is $384,000.
What are key features of this property?
This property features: Commercial zoning; Built in 1950; Central electric service
