Historic Commercial Catering Kitchen
For Sale
Contact for pricing
110 N Main, Milford, TX 76670
Historic building with a commercial catering kitchen in back and blacksmith shop in front, plus accessible features.
Property Size2,816 SF
Price / SF$83.45
Days on Market350
Property Features for 110 N Main
General Information
Standard status
Active
Size
2,816 SF
Property subtype
INDUSTRIAL
Amenities
Accessible Full Bath
Accessible Bedroom
Accessible Approach With Ramp
Accessible Doors
Building Details
Year Built
1945
Construction
brick
Listing Agency:
Hi View Real Estate
(469) 517-0012
Listed By:
JL Smith · License #0689207
(214) 949-9876
Source:
Moodyscre
Added: Sep 30, 2025
Changed: Aug 16
Last Checked: Sep 13 at 4:29AM
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 Hi View Real Estate
Investment Insights
Based on property information with market context.
Built in 1945, this historic property features old brick construction and currently operates with a commercial catering kitchen in the back and a blacksmiths shop in the front. The building totals 2,816 square feet and offers a practical setup for a tenant looking for kitchen-focused space alongside a front-of-house workshop area.
The property is located at 110 N Main in Milford, TX. It includes accessibility accommodations, including a full bath and a bedroom with an accessible approach via ramp, along with accessible doors throughout.
With its combination of catering kitchen functionality and dedicated front workspace, the layout supports a range of concepts that can utilize food service and specialized work areas under one roof.
The property is located at 110 N Main in Milford, TX. It includes accessibility accommodations, including a full bath and a bedroom with an accessible approach via ramp, along with accessible doors throughout.
With its combination of catering kitchen functionality and dedicated front workspace, the layout supports a range of concepts that can utilize food service and specialized work areas under one roof.
Key Highlights
- Built in 1945 with historic old brick walls
- 2,816 square feet total building size
- Commercial catering kitchen located in the back
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,598
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$291,960
$292.0K
Cap Rate 7%
$208,543
$208.5K
Cap Rate 9%
$162,200
$162.2K
Market Conditions
NOI Build-Up for 2,816 SF
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.
Gross rent
$22.9K $8.12/SF
− Vacancy
−$2.0K −$0.71/SF
EGI
$20.9K $7.41/SF
− OpEx
−$6.3K −$2.22/SF
NOI
$14.6K $5.18/SF
Area
Ellis County, TX
Vacancy
8.80%
Lease Rate
$8.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$291,960
Cap Rate 7%
$208,543
Cap Rate 9%
$162,200
Alternative Uses
Best Use
Specialty Retail
$719.2K
$629.3K – $839.1K
NOI $50,343 @ 7.0% cap · market cap 21.42%
Second Best
Retail
$667.7K
$584.3K – $779.0K
NOI $46,741 @ 7.0% cap · market cap 19.89%
Theoretical Best
Multifamily LT 5
$30.73M
$26.89M – $35.85M
NOI $2,150,904 @ 7.0% cap · market cap 915.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 76670, TX
1,512
Population
752
Households
2
Avg Household Size
40
Median Age
8%
College-Educated
83%
High-School Grad
67.4 sq mi
ZIP Area
22
Density / Sq Mi
$59,620
Median Household Income
$35,250
Median Earnings
$953
Median Rent
$194,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Historic building with a commercial catering kitchen in back and blacksmith shop in front, plus accessible features.
Where is this commercial kitchen located?
The property is located at 110 N Main Milford, TX.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Built in 1945 with historic old brick walls; 2,816 square feet total building size; Commercial catering kitchen located in the back
