Brick Restaurant Building with Full
New
For Sale
$525,000
112 W Grand Street, Whitewright, TX 75491
Downtown restaurant space features a full kitchen, bar service area, and separate men’s and women’s restrooms.
Property Size2,500 SF
Price / SF$210
Days on Market3
Property Features for 112 W Grand Street
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Zoning
COMMERCIAL
Building Details
Building Size
2,500 SF
Year Built
1911
Buildings
1
Stories
1
Units
1
Construction
brick
Listing Agency:
DFW Elite
(903) 819-2928
Listed By:
Sheri Kent · License #0496604
(903) 819-2928
Source:
Cuddrealtyinc
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 11 at 2:28PM
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 DFW Elite
Investment Insights
Based on property information with market context.
This 2,500 SF restaurant property at 112 W Grand Street includes a full kitchen, an additional work station, bar and beverage service areas, and separate men’s and women’s restrooms. The interior retains exposed brick and original ornate metal ceiling tiles above the main seating area, complemented by rustic décor. The brick building was constructed in 1911 and is currently operating as Tejas Mexican Grill.
The property is situated in downtown Whitewright beside the Odeum Theater and a martial arts building. Rear alley parking is available for staff, and the property is zoned COMMERCIAL.
The property is situated in downtown Whitewright beside the Odeum Theater and a martial arts building. Rear alley parking is available for staff, and the property is zoned COMMERCIAL.
Key Highlights
- 2,500 SF restaurant building constructed in 1911
- Full kitchen with additional work station
- Full bar and dedicated drink station
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
$44,460
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
8.47%
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%
$889,200
$889.2K
Cap Rate 7%
$635,143
$635.1K
Cap Rate 9%
$494,000
$494.0K
Market Conditions
NOI Build-Up for 2,500 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
$62.4K $24.96/SF
− Vacancy
−$3.1K −$1.25/SF
EGI
$59.3K $23.71/SF
− OpEx
−$14.8K −$5.93/SF
NOI
$44.5K $17.78/SF
Area
Grayson County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$889,200
Cap Rate 7%
$635,143
Cap Rate 9%
$494,000
Alternative Uses
Best Use
Specialty Retail
$635.1K
$555.8K – $741.0K
NOI $44,460 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.28M
$1.12M – $1.50M
NOI $89,775 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75491, TX
5,148
Population
2,353
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
91%
High-School Grad
98.6 sq mi
ZIP Area
52
Density / Sq Mi
$71,774
Median Household Income
$48,813
Median Earnings
$881
Median Rent
$239,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Downtown restaurant space features a full kitchen, bar service area, and separate men’s and women’s restrooms.
Where is this conventional restaurant located?
The property is located at 112 W Grand Street Whitewright, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,500 SF restaurant building constructed in 1911; Full kitchen with additional work station; Full bar and dedicated drink station
