Corner Restaurant
For Sale
$625,000
119 Avenue A, Denton, TX 76201
CommercialSale, Denton, TX
Property Size1,600 SF
Lot Size0.04 Acres
Price / SF$390.63
Days on Market212
Property Features for 119 Avenue A
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial-F1
Subdivision
College
Directions
From Denton Square head west on W. Hickory St, turn L on Avenue A - Across the street from UNT's Curry Hall
Standard status
Active
APN
R39671
Lot size
0.04 Acres
Taxes and HOA fees
Tax Description
COLLEGE BLK 9 LOT 8 16.3/364
Tax Annual Amount
5572
Legal Description
COLLEGE BLK 9 LOT 8 16.3/364
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Brick
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Marisa Garza · License #0751211
(888) 519-7431
Added: Feb 1
Changed: Aug 21
Last Checked: Sep 1 at 12:06PM
MLS# 21152692
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 conventional restaurant property is a corner commercial building measuring approximately 1,600 SF. The improvements include brick construction, concrete flooring, central heating, and central air conditioning. Public water and public sewer serve the property, which was built in 1940.
The building is located at 119 Avenue A in Denton, directly across from the University of North Texas. On-site parking is provided, and the property is identified as a former Brooklyn Dogs location. Its current availability is listed as now, with private showings available by appointment.
The building is located at 119 Avenue A in Denton, directly across from the University of North Texas. On-site parking is provided, and the property is identified as a former Brooklyn Dogs location. Its current availability is listed as now, with private showings available by appointment.
Key Highlights
- Approximately 1,600 SF restaurant building
- Corner commercial property at 119 Avenue A, Denton, TX 76201
- Directly across from the University of North Texas
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
Property Profile
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
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 - Brick construction, concrete flooring, central HVAC, and on-site parking are in place.
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: Approximately 1,600 SF restaurant building; Corner commercial property at 119 Avenue A, Denton, TX 76201; Directly across from the University of North Texas
