110 W Bailey Street Ponder, TX 76259
Turnkey restaurant with rich history, building, and business included.
Property Features for 110 W Bailey Street
General Information
- Standard status
- Active
- Size
- 2,950 SF
- Property subtype
- Other
Building Details
- Year Built
- 1903
Listing office Berkshire HathawayHS PenFed TX
Listing date Dec 29, 2024
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 Berkshire HathawayHS PenFed TX
Investment Insights
Based on property information with market context.
Key Highlights
- Opportunity to acquire both the real estate and the Ranchman's business, including all equipment, inventory, and intellectual property.
- Fully renovated in 2022 with ADA compliance, new roof, complete plumbing upgrade, rewiring, epoxy flooring, Hardie siding, ductless HVAC, and tankless water heater.
- Established business with a rich history dating back to 1903 (formerly Ponder Steakhouse), a Texas tradition.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.9k | $26.40 |
| − Vacancy | −$3.5k | −$1.19 |
| EGI | $74.4k | $25.21 |
| − OpEx | −$18.6k | −$6.30 |
| NOI | $55.8k | $18.91 |
