Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historical Palace in Glen Rose Title is generated by Realmo AI

    114 Barnard Street, Glen Rose, TX 76043

    View on Map
    Claim this Listing
    For Lease
    $4,500 /Mo

    COMMERCIAL - Glen Rose, TX

    Type:Retail
    Lot size:
    0.07 Acres
    Added:
    Jan 18, 2026
    Days on Market:
    136
    Last Refresh:
    Jun 3 at 12:06 am

    Property Features for 114 Barnard Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking features
    Open, On Street
    Standard status
    Active
    APN
    03105
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 0.069 LOT: SW 2' OF 1; ALL OF 2 BLK: 0

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1810
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Concrete, Combination, Tile, Engineered
    Building materials
    Rock, Stone
    Roof type
    Flat, Metal

    We can help!

    Listing Contact
    Lori Mills
    Lori Mills

    Listing agent Lori Mills License #0445198

    Listing office Clark Real Estate Group Granbury, TX

    Listing date Jan 18, 2026

    MLS# 20836350

    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

    • Historical building built in 1810, centrally located in the historical Glen Rose square.
    • Completely updated and restored with character and charm.
    • Ready for entertainment venue or boutique eatery.
    • Stage for entertainment.
    • ADA compliant restrooms.
    • Mezzanine loft area for overlooking venue or private seating.

    Overview

    Located in the historical Glen Rose square, this completely updated and restored property is ready for an entertainment venue or boutique-style eatery. The Palace retains much of its original character and charm. It features ADA-compliant restrooms and a stage for entertainment. A mezzanine loft area overlooks the venue and can be used for private seating. The landlords are looking for a tenant to establish a premier venue in this building. The lot size is 0.069 acres.
    Location Intelligence

    Current Use by Public Records

    Lost In Time Antiques ... Clothing Store Palace Department Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glen Rose
    County
    Somervell
    State
    Texas
    Longitude
    -97.754973
    Latitude
    32.235003

    Nearby Similar for Lease

    • $5,830/Mo
      7,000 SF

      Glen Rose Restaurant Opportunity

      Restaurant space with ample parking and recreational amenities.
      2192 N Highway 144, Glen Rose, TX 76043
      View Details
    • $3,500/Mo
      17,790 SF

      Second-Floor Office Suite

      Well-appointed office space with multiple private offices, open area, and facilities, supported by convenient parking and strong local visibility.
      1207 NE Big Bend Trail, Glen Rose, TX 76043
      View Details
    • $1,333/Mo

      Retail Space in Glen Rose

      Retail space in a thriving hub with high visibility.
      1207 NE Big Bend Trail, Glen Rose, TX 76043
      View Details
    • $1,333/Mo

      Retail Space on Big Bend

      Retail space available for rent on Big Bend Trail.
      1207 NE Big Bend Trail F, Glen Rose, TX 76043
      View Details
    • $4,500/Mo
      2,574 SF

      Historical Palace Entertainment Venue

      Historical venue in Glen Rose square, ready for entertainment.
      114 Barnard Street, Glen Rose, TX 76043
      View Details
    • $3,500/Mo
      4,000 SF

      Retail Space in Squaw Valley

      4000 sq ft retail space available for rent.
      1207 NE Big Bend Trail, Glen Rose, TX 76043
      View Details

    FAQs

    What type of property is this?
    Retail space - Historical Palace in Glen Rose, TX, ready for entertainment venue.
    Where is this retail space located?
    The property is located at 114 Barnard Street Glen Rose, TX.
    What is the lease rate?
    The lease rate is $4,500 /Mo.
    What are key features of this property?
    This property features: Historical building built in 1810, centrally located in the historical Glen Rose square.; Completely updated and restored with character and charm.; Ready for entertainment venue or boutique eatery.
    (817) 458-0402
    We can help!
    Listing Contact
    Lori Mills
    Lori Mills
    Real Estate License ID: 0445198
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    114 Barnard Street, Glen Rose, TX 76043
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!