Restaurant Property with Commercial
For Sale
$999,000
11251 State Highway 31 W, Malakoff, TX 75148
Existing food-service improvements include furnishings and commercial kitchen equipment.
Property Size13,740 SF
Lot Size3.69 Acres
Price / SF$72.71
Days on Market23
Property Features for 11251 State Highway 31 W
General Information
Standard status
Active
Size
13,740 SF
Lot size
3.69 Acres
Additional Details
Furnished
Yes
Highway Access
Yes
Equipment Included
Yes
Building Details
Year Built
1982
Listing Agency:
Dalton Wade, Inc.
(972) 267-4400
Listed By:
Jennifer Anders · License #0678246
Source:
Yourdavisteam
Added: Aug 8
Changed: Aug 29
Last Checked: Aug 25 at 5:52AM
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 Dalton Wade, Inc.
Investment Insights
Based on property information with market context.
This restaurant property contains 13,740 square feet of building space on 3.69 acres. The interior includes broad open areas and several distinct functional spaces, with furnishings and commercial kitchen equipment included in the sale. The configuration can support restaurant, bar, event, entertainment, retail, warehouse, church, or redevelopment uses, subject to applicable requirements.
Located at 11251 State Highway 31 W in Malakoff, the property offers highway frontage and exposure along State Highway 31. The site provides room for parking, outdoor activities, expansion, or additional development. Built in 1982, the property was formerly known as the Coal Miners Club.
Located at 11251 State Highway 31 W in Malakoff, the property offers highway frontage and exposure along State Highway 31. The site provides room for parking, outdoor activities, expansion, or additional development. Built in 1982, the property was formerly known as the Coal Miners Club.
Key Highlights
- 13,740‑square‑foot building on 3.69 acres
- Commercial kitchen equipment and furnishings included
- Open interior areas with multiple functional spaces
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
$71,341
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
7.14%
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%
$1,426,820
$1.4M
Cap Rate 7%
$1,019,157
$1.0M
Cap Rate 9%
$792,678
$792.7K
Market Conditions
NOI Build-Up for 13,740 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
$112.1K $8.16/SF
− Vacancy
−$10.2K −$0.74/SF
EGI
$101.9K $7.42/SF
− OpEx
−$30.6K −$2.23/SF
NOI
$71.3K $5.19/SF
Area
Henderson County, TX
Vacancy
9.10%
Lease Rate
$8.16 /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%
$1,426,820
Cap Rate 7%
$1,019,157
Cap Rate 9%
$792,678
Alternative Uses
Best Use
Specialty Retail
$3.49M
$3.05M – $4.07M
NOI $244,352 @ 7.0% cap · market cap 24.46%
Second Best
Industrial
$1.02M
$891.8K – $1.19M
NOI $71,341 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$4.83M
$4.23M – $5.64M
NOI $338,334 @ 7.0% cap · market cap 33.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75148, TX
5,796
Population
3,625
Households
1.6
Avg Household Size
46
Median Age
22%
College-Educated
85%
High-School Grad
88.8 sq mi
ZIP Area
65
Density / Sq Mi
$59,923
Median Household Income
$33,318
Median Earnings
$838
Median Rent
$159,100
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 - Existing food-service improvements include furnishings and commercial kitchen equipment.
Where is this conventional restaurant located?
The property is located at 11251 State Highway 31 W Malakoff, TX.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 13,740‑square‑foot building on 3.69 acres; Commercial kitchen equipment and furnishings included; Open interior areas with multiple functional spaces
