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    Historic Restaurant and Bar Title is generated by Realmo AI

    11210 State Highway 67, Breckenridge, TX 76424

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    For Sale
    $200,000

    COMMERCIAL - Breckenridge, TX

    Property size:
    2,600 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $76/SF
    Added:
    Jan 2, 2026
    Days on Market:
    154
    Last Refresh:
    Jun 5 at 10:06 pm

    Property Features for 11210 State Highway 67

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    On Street, Parking Lot, Open, Assigned, Paved or Surfaced, Driveway, Oversize, Guest
    Security features
    Security
    Standard status
    Active
    APN
    R46023
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Description
    ACRES: 1.000 LOT: SEC 1030 ABST: A0443 SURVEY
    Tax Annual Amount
    2418

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Year built
    1928
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    AluminumSiding, Block, WoodSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Maggie Burgess

    Listing agent Maggie Burgess License #0604351

    Listing office Century 21 Mike Bowman, Inc. Grapevine, TX

    Listing date Jan 2, 2026

    MLS# 21142158

    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.

    HighLights

    • 2600+ SF historic restaurant and bar building with indoor and outdoor stages for live bands
    • Seller financing available; property comes fully furnished with grill, chest freezers, and a commercial wash station
    • Heavy‑duty wooded walk‑in fridge included, along with a fenced outdoor entertainment area
    • Year built 1928 with metal roof and flooring of concrete
    • Central heating and central air with ceiling fans
    • Parking options include parking lot, driveway, oversize, guest, assigned, and on‑street parking

    Overview

    A prime opportunity for operators or buyers seeking a ready-to-run concept: a 2600+ sq ft historic restaurant and bar that has been updated while keeping the rustic, vintage character created by years of travelers. The property is designed for live entertainment, with indoor and outdoor stages for live bands, along with a heavy-duty wooded walk-in fridge. A fenced outdoor entertainment area supports events and guest overflow, making it suitable for both day-to-night service and music-focused programming.

    Located at 11210 State Highway 67 in Breckenridge, TX, the site is described as a prime commercial location with two nearby intersections providing access to Graham, Breckenridge, PK State Park, and routes toward the east or west side of PK. The building is offered fully furnished, and includes items such as a grill, chest freezers, and a commercial wash station.

    This is a turnkey fit for an owner-operator who wants to step into an operating restaurant and bar with entertainment infrastructure already in place. It may also appeal to an investor or group looking to preserve the building’s historic appeal while exploring additional uses, upgrades, or new programming within the existing restaurant-and-bar framework. Seller financing is available; contact the listing agent for leasing details.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Map

    City
    Breckenridge
    County
    Stephens
    State
    Texas
    Longitude
    -98.73334
    Latitude
    32.875606

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    FAQs

    What type of property is this?
    Conventional restaurant - Turnkey, updated historic restaurant with indoor and outdoor stages and fenced entertainment area; seller financing available.
    Where is this conventional restaurant located?
    The property is located at 11210 State Highway 67 Breckenridge, 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: 2600+ SF historic restaurant and bar building with indoor and outdoor stages for live bands; Seller financing available; property comes fully furnished with grill, chest freezers, and a commercial wash station; Heavy‑duty wooded walk‑in fridge included, along with a fenced outdoor entertainment area
    (817) 354-7653
    We can help!
    Listing Contact
    Maggie Burgess
    Real Estate License ID: 0604351
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    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.

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