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

    140 W Main Street Itasca, TX 76055

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $200,000

    Restaurant space with equipment in downtown area available for sale.

    Property size:
    2,100 SF
    Price / SF:
    $95/SF
    Added:
    Feb 6, 2023
    Days on Market:
    1173
    Last Refresh:
    Apr 1 at 8:45 pm

    Property Features for 140 W Main Street

    General Information

    Standard status
    Active
    Size
    2,100 SF
    Property subtype
    Other

    We can help!

    Listing Contact
    Lacey Whitehouse

    Listing agent Lacey Whitehouse

    Listing office Julie Siddons REALTORS, LLC

    Listing date Feb 6, 2023

    Source Xome

    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 Julie Siddons REALTORS, LLC

    Overview

    Operating Restaurant Space For Sale

    This 2,100 square-foot restaurant space is currently in operation and available for sale. Previously used as a pizza restaurant, the space can be modified to suit various needs. It is equipped with a vent hood, tables and chairs, a cash register, a three-compartment sink, a prep area, an ice machine, and multiple fridges and freezers. Please note that the owner will be taking the pizza oven, dough roller, dough mixer, and prep table. The property is located in the downtown area, situated off the main road with commuting traffic and in proximity to local businesses. The intended use of the property is for restaurant purposes, with potential for various business applications.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Milano's pizza Itasca Restaurant

    Suggested Use

    Restaurant Hair Salon Building Supply Kitchen & Bath Showroom Auto Repair Shop Big Box & Wholesale Store Department Store Hotel & Motel Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Itasca
    County
    Hill
    State
    Texas
    Longitude
    -97.149695
    Latitude
    32.159503

    Nearby Similar for Sale

    • $385,000

      Cash Flowing Car Wash Business

      Turnkey car wash business opportunity in Itasca, Texas.
      108 E Main Street, Itasca, TX 76055
      View Details
    • $109,000

      Remodeled Building in Downtown Itasca

      Remodeled building in central business area, suitable for various uses.
      109 W Main Street, Itasca, TX 76055
      View Details
    • $175,000

      Operating Restaurant Space For Sale

      Restaurant space for sale, equipped and ready for modification.
      140 W Main Street, Itasca, TX 76055
      View Details
    • $160,000

      Downtown Itasca Flex Retail Space

      Flex retail space in downtown Itasca with living quarters.
      103 W Main St, Itasca, TX 76055
      View Details
    • $385,000

      Cash Flowing Car Wash Opportunity

      Turnkey, cash-flowing 3-bay car wash in downtown Itasca.
      108 E Main Street, Itasca, TX 76055
      View Details
    • $160,000
      2,000 SF

      Downtown Itasca Flex Rental

      2000 sqft mixed-use property with storefront in downtown Itasca.
      103 W Main St, Itasca, TX 76055
      View Details
    • $175,000
      2,100 SF

      Operating Restaurant Space For Sale

      Restaurant space for sale, equipped and ready for modification.
      140 W Main Street, Itasca, TX 76055
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant space with equipment in downtown area available for sale.
    Where is this conventional restaurant located?
    The property is located at 140 W Main Street Itasca, TX.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: Fully equipped restaurant space ready for operation.; Includes essential equipment: vent hood, tables and chairs, cash register, 3‑compartment sink, prep area, ice machine, multiple fridges and freezers.; Adaptable space suitable for various restaurant concepts.
    (254) 582-0077
    We can help!
    Listing Contact
    Lacey Whitehouse
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!