Restaurant Corner Site Facing
For Sale
$1,750,000
121 Vista Ridge Boulevard, Coppell, TX 75019
Restaurant property on the southeast corner of Denton Tap and Hwy 121, facing the highway.
Property Size2,867 SF
Days on Market23
Property Features for 121 Vista Ridge Boulevard
General Information
Standard status
Active
Size
2,867 SF
Zoning
Commercial
Net Operating Income
$100,800
Taxes and HOA fees
Annual Taxes
$23,866
Amenities
Ceiling Fan(s), Central Air
Central, Electric
Drive Through, Parking Lot
Building Details
Building Size
2,867 SF
Year Built
2000
Stories
1
Listing Agency:
REKonnection, LLC
(314) 719-6508
Listed By:
Ranjeeth Vasikarla · License #0680572
(314) 719-6508
Source:
Evrealestate
Added: Jul 21
Changed: Aug 11
Last Checked: Aug 11 at 7:26AM
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 REKonnection, LLC
Investment Insights
Based on property information with market context.
This restaurant property is positioned on the southeast corner of Denton Tap and Hwy 121, with frontage facing the highway. The listing is offered for sale.
The site is located in Dallas County at 121 E E Vista Ridge Boulevard in Coppell, Texas, providing a prominent main-road setting for a restaurant use.
Details on the building size, condition, or specific improvements are not provided in the available information.
The site is located in Dallas County at 121 E E Vista Ridge Boulevard in Coppell, Texas, providing a prominent main-road setting for a restaurant use.
Details on the building size, condition, or specific improvements are not provided in the available information.
Key Highlights
- Restaurant property on the southeast corner of Denton Tap and Hwy 121, facing the highway
- Drive‑through parking and a parking lot on site
- Central Air conditioning with ceiling fans
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
$51,255
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
2.93%
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%
$1,025,100
$1.0M
Cap Rate 7%
$732,214
$732.2K
Cap Rate 9%
$569,500
$569.5K
Market Conditions
NOI Build-Up for 2,867 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
$71.6K $24.96/SF
− Vacancy
−$3.2K −$1.12/SF
EGI
$68.3K $23.84/SF
− OpEx
−$17.1K −$5.96/SF
NOI
$51.3K $17.88/SF
Area
Dallas County, TX
Vacancy
4.50%
Lease Rate
$24.96 /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%
$1,025,100
Cap Rate 7%
$732,214
Cap Rate 9%
$569,500
Alternative Uses
Best Use
Specialty Retail
$732.2K
$640.7K – $854.3K
NOI $51,255 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$34.37M
$30.07M – $40.09M
NOI $2,405,601 @ 7.0% cap · market cap 137.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
113k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Groceries 35%
Shops & Services 14%
Beauty & Spa 3%
Market Street
Groceries
40,091 visits/mo
0.2 miles
Whataburger
Dining
24,437 visits/mo
0.1 miles
Rosa's Cafe
Dining
22,984 visits/mo
0.2 miles
Chase Bank
Shops & Services
7,388 visits/mo
0.2 miles
Bank of America
Shops & Services
5,962 visits/mo
0.1 miles
Demographics for 75019, TX
44,897
Population
17,455
Households
2.6
Avg Household Size
39
Median Age
68%
College-Educated
97%
High-School Grad
17.2 sq mi
ZIP Area
2,610
Density / Sq Mi
$134,174
Median Household Income
$81,541
Median Earnings
$1,817
Median Rent
$525,700
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 - Restaurant property on the southeast corner of Denton Tap and Hwy 121, facing the highway.
Where is this conventional restaurant located?
The property is located at 121 Vista Ridge Boulevard Coppell, TX.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Restaurant property on the southeast corner of Denton Tap and Hwy 121, facing the highway; Drive‑through parking and a parking lot on site; Central Air conditioning with ceiling fans
