Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1036 N Patrick St Dublin, TX 76446

    View on Map
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail space in Dublin, Texas, with a 7.09% CAP rate.

    Property size:
    3,240 SF
    Lot size:
    0.79 Acres

    Property Features for 1036 N Patrick St

    General Information

    Standard status
    Active
    Size
    3,240 SF
    Lot size
    0.79 Acres

    We can help!

    Listing Contact
    Jason Fefer
    Source: Crexi

    Listing Agency: Marcus & Millichap - Los Angeles Listing Agent: Jason Fefer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Dublin Retail Space For Sale

    This retail space, located in Dublin, Texas, offers 3,240 square feet of space. The property is being offered for sale and has a capitalization rate of 7.09%. Rental increases of 10% are scheduled every five years. The property is priced below replacement cost.
    Location Intelligence

    Current Use by Public Records

    Golden Chick Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Erath
    State
    Texas
    Longitude
    -98.336555
    Latitude
    32.100522

    Nearby Similar for Sale

    • $350,000
      0.14 Acres

      Newer Retail Building in Dublin

      Built in 2020, prime location, ready for business.
      120 E Blackjack St, Dublin, TX 76446
      View Details
    • $650,000
      2,767 SF

      Custom Home on 13 Acres

      Custom-built home with workshop on 13 acres in Dublin, TX.
      615 County Road 358, Dublin, TX 76446
      View Details
    • $219,000
      2,550 SF

      Restored Commercial Building in Dublin

      Restored commercial building suitable for retail or restaurant use.
      641 S Patrick St, Dublin, TX 76446
      View Details
    • $599,999
      1,947 SF

      Small Acreage Horse Property

      Horse property near Stephenville with comfortable home and horse facilities.
      1644 County Road 195, Dublin, TX 76446
      View Details
    • $530,200
      47.42 Acres

      Dublin, Texas Pastureland Ranch

      47.42 acres of open pastureland near Stephenville, Texas.
      26025 S Fm 219, Dublin, TX 76436
      View Details
    • New
      $549,500
      1,040 SF

      Charming Farmhouse on 10 Acres

      10-acre property with farmhouse, barn, and fiber internet.
      8830 County Road 370, Dublin, TX 76446
      View Details
    • $773,000
      912 SF

      Improved Farm/Ranch Near Dublin, TX

      28.9 acre farm/ranch property with barndominium and shop.
      12749 Fm 847, Dublin, TX 76446
      View Details
    • $675,000
      1,021 SF

      Turnkey Ranch Property in Dublin, Texas

      Charming ranch property on 11.45 acres designed for horses.
      4747 County Road 242, Dublin, TX 76446
      View Details
    • $750,000
      1,752 SF

      Dublin Ranch with Custom Home

      48-acre ranch featuring a custom home and AG exemption.
      1208 Private Road 1399, Dublin, TX 76446
      View Details
    • $529,000
      3,198 SF

      Remodeled Multifamily Property on Acre Lot

      Remodeled 6-unit multifamily property on a full acre lot.
      13675 S Us Highway 377, Dublin, TX 76446
      View Details
    • $885,000
      22,486 SF

      Renovated Storage Facility on Two Acres

      Recently renovated 82+ unit storage facility on over 2 acres.
      715 Sheehan St, Dublin, TX 76446
      View Details
    • $1,499,999
      3,136 SF

      Dublin Farm/Ranch with Solar System

      74-acre Dublin farm/ranch featuring solar, remodeled home, and amenities.
      298 Townson Rd, Dublin, TX 76446
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in Dublin, Texas, with a 7.09% CAP rate.
    Where is this retail space located?
    The property is located at 1036 N Patrick St Dublin, TX.
    What are key features of this property?
    This property features: - 7.09% CAP Rate; - Priced Below Replacement Cost; - 10% Rent Increases Every 5 Years
    Request Owner's contact information
    1036 N Patrick St Dublin, TX 76446
    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.
    1036 N Patrick St
    Dublin, TX 76446
    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
    1036 N Patrick St Dublin, TX 76446
    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

    We can help!
    Listing Contact
    Jason Fefer
    Real Estate License ID: 02100489
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!