Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Restaurant Near Interstate 40, Shamrock Title is generated by Realmo AI

    103 E Interstate 40, Shamrock, TX 79079

    View on Map
    For Sale
    $239,000

    Fully Operational Restaurant off Interstate 40

    Property size:
    4,514 SF
    Lot size:
    0.43 Acres
    Price / SF:
    $52/SF
    Added:
    Jul 28, 2025
    Days on Market:
    305
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 103 E Interstate 40

    General Information

    Standard status
    Active
    Property type
    Conventional restaurants, Commercial land, Restaurants, Land
    Size
    4,514 SF
    Lot size
    0.43 Acres

    Building Details

    Year Built
    1973
    Year Renovated
    2023
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Odysseyranch

    Listing agent Odysseyranch

    Listing office

    Listing date Jul 28, 2025

    HighLights

    • Prime location, Easy Interstate access, numerous motels and truck stop in the vicinity, recently renovated, room for business expansion

    Overview

    This fully operational restaurant is located directly off Interstate 40 in Shamrock, Texas, conveniently situated between Oklahoma City and Amarillo. The property is positioned at the crossroads of Interstate 40 and Highway 83, serving traffic from all directions. It is located less than a mile from Route 66, with numerous motels located within a couple miles. The turnkey restaurant spans 4514 square feet and seats 160 people comfortably. It includes a banquet room with a built-in fireplace suitable for hosting various events, with the potential to be converted into a sports bar or lounge. The kitchen is equipped to cater larger events, featuring two flat top grills, eight commercial burners, two conventional ovens, a convection oven, three deep fryers, a deli table, steam table, buffet tables, a salad bar, and a walk-in cooler. The property includes 18,750 square feet of parking, with additional street parking available. The location offers easy Interstate access, proximity to numerous motels and a truck stop, and room for business expansion.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Pharmacy Skin Care Clinic Hotel & Motel Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Shamrock
    County
    Wheeler
    State
    Texas
    Longitude
    -100.246646
    Latitude
    35.231432

    Nearby Similar for Sale

    • $15,750

      1.5 Acre Fenced Land Parcel

      Fully fenced 1.5-acre parcel with mature trees in Shamrock, TX.
      Arkansas, Shamrock, TX 79079
      View Details
    • $145,000

      Shamrock, TX Commercial Land

      2.5-acre commercial or residential land with multiple buildings.
      700 N Texas Street, Shamrock, TX 79079
      View Details
    • $99,900
      3,500 SF

      Downtown Shamrock Commercial Opportunity

      Versatile commercial space in downtown Shamrock, ideal for retail/office.
      211 N Main St, Shamrock, TX 79079
      View Details
    • $99,900
      3,500 SF

      Downtown Shamrock Commercial Opportunity

      Versatile commercial space in a high-traffic Shamrock location.
      211 N Main Street, Shamrock, TX 79079
      View Details
    • $75,000
      2,500 SF

      Country Floral & Gifts

      Established floral shop with inventory, equipment, and building included.
      110 N Main St, Shamrock, TX 79079
      View Details
    • $21,000

      Shamrock, TX Land Opportunity

      1.52 acre land parcel suitable for residential or business use.
      700 N Texas Street, Shamrock, TX 79079
      View Details
    • $1,056,000

      Texas Panhandle Ranch Land For Sale

      640 acres of grassland ideal for ranching and hunting.
      TBD FM 2473, Shamrock, TX 79079
      View Details
    • $529,000

      Wheeler County Land For Sale

      323 acre property with pasture, farmland, and hunting potential.
      FM3075, Shamrock, TX
      View Details
    • $356,000
      4,600 SF

      Route 66 Business Opportunity

      Rare business opportunity on Route 66 in Shamrock, Texas.
      108 E 12th St, Shamrock, TX 79079
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Fully Operational Restaurant off Interstate 40
    Where is this conventional restaurant located?
    The property is located at 103 E Interstate 40 Shamrock, TX.
    What is the asking price?
    The asking price for this property is $239,000.
    What are key features of this property?
    This property features: Prime location, Easy Interstate access, numerous motels and truck stop in the vicinity, recently renovated, room for business expansion
    (806) 334-0777
    We can help!
    Listing Contact
    Odysseyranch
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    103 E Interstate 40, Shamrock, TX 79079
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!