Historic Restaurant Building with Full
For Sale
$525,000
112 W Grand Street, Whitewright, TX 75491
COMMERCIAL - Whitewright, TX
Property Size2,500 SF
Lot Size0.08 Acres
Price / SF$210
Days on Market155
Property Features for 112 W Grand Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
COMMERCIAL
Parking features
Alley, Open, On Street
Subdivision
Otp Whitewright
Directions
From Hwy 69 in Whitewright turn East on Grand St aka FM 151. Within the downtown block, property is on the Left right by the Odeum Theater
Standard status
Active
APN
171283
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
OTP WHITEWRIGHT, BLOCK 15, LOT 27, ACRES .081
Tax Annual Amount
3398
Legal Description
OTP WHITEWRIGHT, BLOCK 15, LOT 27, ACRES .081
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1911
Floors in Building
1
Number of units
1
Flooring type
Carpet, Linoleum, Hardwood
Building materials
Brick
Listing Agency:
DFW Elite
(214) 642-6969
Listed By:
Sheri Kent · License #0496604
(214) 642-6969
Added: Mar 31
Changed: Aug 4
Last Checked: Sep 1 at 2:06PM
MLS# 21222948
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This historic brick restaurant building offers approximately 2,500 SF and is currently operating as a Mexican restaurant. The interior features antique brick walls, rustic decor, and original ornate metal ceiling tiles over the seating area. The layout includes a full bar and drink station, a full kitchen with an additional work station, and His and Hers restrooms. Heating is central, with cooling that includes electric central air and ceiling fans.
The building was constructed in 1911 and is located in downtown Whitewright at 112 W Grand Street. Parking includes on-street parking, open parking, and back alley parking for staff.
The current business operates Wednesday through Sunday, and showings require an appointment.
The building was constructed in 1911 and is located in downtown Whitewright at 112 W Grand Street. Parking includes on-street parking, open parking, and back alley parking for staff.
The current business operates Wednesday through Sunday, and showings require an appointment.
Key Highlights
- Approximately 2,500 SF restaurant building in downtown Whitewright
- Full bar and drink station plus seating area with ornate metal ceiling tiles
- Full kitchen with an additional work station and His and Hers restrooms
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
125
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 Whitewright brick restaurant building with a full bar, commercial kitchen, and central HVAC systems.
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: Approximately 2,500 SF restaurant building in downtown Whitewright; Full bar and drink station plus seating area with ornate metal ceiling tiles; Full kitchen with an additional work station and His and Hers restrooms
