Corner Restaurant
New
For Sale
$625,000
119 Avenue A, Denton, TX 76201
Standalone corner property across from the University of North Texas with on-site parking.
Property Size1,600 SF
Price / SF$390.63
Days on Market2
Property Features for 119 Avenue A
General Information
Standard status
Active
Size
1,600 SF
Additional Details
Corner Location
Yes
Amenities
on-site parking
Building Details
Year Built
1940
Buildings
1
Listing Agency:
eXp Realty LLC
Listed By:
Marisa Garza · License #0751211
(888) 519-7431
Source:
Thecamigroup
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 16 at 1:53AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This 1,600-square-foot corner restaurant building at 119 Avenue A dates to 1940 and includes on-site parking. The property was formerly occupied by Brooklyn Dogs and is offered for sale.
Located directly across from the University of North Texas in Denton, the building benefits from a setting serving university-oriented commercial demand. Its existing restaurant configuration may also suit café, quick-service, or retail use, as supported by the prior occupancy and property classification.
Located directly across from the University of North Texas in Denton, the building benefits from a setting serving university-oriented commercial demand. Its existing restaurant configuration may also suit café, quick-service, or retail use, as supported by the prior occupancy and property classification.
Key Highlights
- 1,600 SF corner restaurant building
- Directly across from the University of North Texas
- On‑site parking included
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
$27,504
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
4.40%
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%
$550,080
$550.1K
Cap Rate 7%
$392,914
$392.9K
Cap Rate 9%
$305,600
$305.6K
Market Conditions
NOI Build-Up for 1,600 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
$38.4K $24.00/SF
− Vacancy
−$1.7K −$1.08/SF
EGI
$36.7K $22.92/SF
− OpEx
−$9.2K −$5.73/SF
NOI
$27.5K $17.19/SF
Area
Denton, TX
Vacancy
4.50%
Lease Rate
$24.00 /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%
$550,080
Cap Rate 7%
$392,914
Cap Rate 9%
$305,600
Alternative Uses
Best Use
Specialty Retail
$392.9K
$343.8K – $458.4K
NOI $27,504 @ 7.0% cap · market cap 4.40%
Second Best
Retail
$334.8K
$293.0K – $390.7K
NOI $23,439 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$499.9K
$437.4K – $583.2K
NOI $34,992 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
23k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 39%
7-Eleven
Shops & Services
7,681 visits/mo
0.1 miles
Insomnia Cookies
Dining
4,697 visits/mo
0.0 miles
Jimmy John's
Dining
4,018 visits/mo
0.0 miles
D.P. Dough
Dining
3,454 visits/mo
0.0 miles
Layne's Chicken Fingers
Dining
1,855 visits/mo
0.0 miles
Demographics for 76201, TX
27,610
Population
13,087
Households
2.1
Avg Household Size
26
Median Age
46%
College-Educated
95%
High-School Grad
5.5 sq mi
ZIP Area
5,020
Density / Sq Mi
$37,863
Median Household Income
$18,308
Median Earnings
$1,128
Median Rent
$250,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Standalone corner property across from the University of North Texas with on-site parking.
Where is this conventional restaurant located?
The property is located at 119 Avenue A Denton, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 1,600 SF corner restaurant building; Directly across from the University of North Texas; On‑site parking included
