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    Historic Comanche Buildings For Sale Title is generated by Realmo AI

    120/124 N Austin Street, Comanche, TX 76442

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    For Sale
    $999,999

    Three adjoining, restored historic buildings in Comanche, Texas.

    Type:Commercial
    Property size:
    6,161 SF
    Price / SF:
    $162/SF
    Added:
    Apr 22, 2026
    Days on Market:
    45
    Last Refresh:
    Apr 22 at 5:38 pm

    Property Features for 120/124 N Austin Street

    General Information

    Standard status
    Active
    Size
    6,161 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1913

    We can help!

    Listing Contact
    Vicky Tarver

    Listing agent Vicky Tarver

    Listing office ARMSTRONG REAL ESTATE

    Listing date Apr 22, 2026

    Source Signaturere

    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 ARMSTRONG REAL ESTATE

    HighLights

    • Three adjoining, meticulously restored historic buildings totaling over 14,000 sq ft in the center of Comanche, Texas.
    • Turnkey operation with three established businesses: German beer garden, event venue, and overnight rental.
    • Fully staffed and equipped, generating three income streams with a loyal customer base.
    • Significant upside potential for expansion into a craft brewery, additional short‑term rentals, or boutique hotel.
    • Strategic location on the town square with high visibility and year‑round traffic.
    • Versatile space adaptable for various uses, including owner's residence or premium guest experience.

    Overview

    Three adjoining, meticulously restored historic buildings are available in Comanche, Texas, offering over 14,000 square feet of versatile space. The properties command nearly 40% of the east side of the town square, delivering presence, charm, and visibility. Currently, the property houses a German beer garden, an event venue, and an overnight rental that sleeps up to eight guests. This turnkey operation is fully staffed and equipped. The property caters to families, travelers, and pet lovers, enjoying year-round traffic. There are three income streams, a loyal customer base, and upside potential. The beer garden could be expanded into a craft brewery, additional short-term rentals could be developed, event offerings could be enhanced, or the property could be transformed into a boutique hotel or culinary destination. The lodging quarters could be adapted into a luxurious owner's residence or elevated to a premium guest experience. The property offers historic character, modern amenities, and a strategic location in a growing Texas town. This property is located at 120/124 N Austin Street, Comanche, TX 76442. The property size is 6161 square feet.
    Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

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

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

    Similar Places Nearby

    • Rest-A-Spell Hospitality House — 801 N Lane St, Comanche, TX 76442
    • Hays Manor B&​B​ ​​ — 603 E College Ave, Comanche, TX 7642

    Location Insight

    • Map
    • Local Demand
    City
    Comanche
    County
    Comanche
    State
    Texas
    Longitude
    -98.6035246
    Latitude
    31.898058

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    FAQs

    What type of property is this?
    Bed & breakfast - Three adjoining, restored historic buildings in Comanche, Texas.
    Where is this bed & breakfast located?
    The property is located at 120/124 N Austin Street Comanche, TX.
    What is the asking price?
    The asking price for this property is $999,999.
    What are key features of this property?
    This property features: Three adjoining, meticulously restored historic buildings totaling over 14,000 sq ft in the center of Comanche, Texas.; Turnkey operation with three established businesses: German beer garden, event venue, and overnight rental.; Fully staffed and equipped, generating three income streams with a loyal customer base.
    We can help!
    Listing Contact
    Vicky Tarver
    Learn More
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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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    120/124 N Austin Street, Comanche, TX 76442
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