Equipped Second-Generation
For Sale
$1,195,000
123 E Jefferson St, Grand Prairie, TX 75051
Restaurant real estate is offered with existing equipment and an established operating history.
Property Size2,730 SF
Price / SF$437.73
Days on Market250
Property Features for 123 E Jefferson St
General Information
Standard status
Active
Size
2,730 SF
Property subtype
Commercial
Additional Details
Equipment Included
Yes
Building Details
Year Built
1983
Listing Agency:
Abacus Realty Group, LLC
(469) 939-2097
Listed By:
Kayed Sinnukrot · License #0596143
Source:
Dfwareahousehunt
Added: Dec 23, 2025
Changed: Aug 28
Last Checked: Aug 29 at 10:34AM
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 Abacus Realty Group, LLC
Investment Insights
Based on property information with market context.
This restaurant property includes the real estate and existing restaurant equipment, offering an operating setup already associated with the premises. The property is identified as a second-generation restaurant and was built in 1983.
Located at 123 E Jefferson St in Grand Prairie, Texas, the business has a reported history of more than 12 years of profitability. The offering combines the restaurant operation and underlying real estate in one transaction.
Located at 123 E Jefferson St in Grand Prairie, Texas, the business has a reported history of more than 12 years of profitability. The offering combines the restaurant operation and underlying real estate in one transaction.
Key Highlights
- Second‑generation restaurant property with real estate included
- Existing restaurant equipment included
- Reported profitability for 12 plus years
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
$42,634
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
3.57%
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%
$852,680
$852.7K
Cap Rate 7%
$609,057
$609.1K
Cap Rate 9%
$473,711
$473.7K
Market Conditions
NOI Build-Up for 2,730 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
$59.0K $21.60/SF
− Vacancy
−$2.1K −$0.78/SF
EGI
$56.8K $20.82/SF
− OpEx
−$14.2K −$5.21/SF
NOI
$42.6K $15.62/SF
Area
Grand Prairie, TX
Vacancy
3.60%
Lease Rate
$21.60 /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%
$852,680
Cap Rate 7%
$609,057
Cap Rate 9%
$473,711
Alternative Uses
Best Use
Specialty Retail
$609.1K
$532.9K – $710.6K
NOI $42,634 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$767.5K
$671.6K – $895.4K
NOI $53,726 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,065
Businesses Nearby
148k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 25%
Groceries 22%
Home Improvements & Furnishings 6%
El Rio Grande
Groceries
33,034 visits/mo
0.1 miles
Dollar Tree
Shops & Services
20,370 visits/mo
0.3 miles
Chase Bank
Shops & Services
14,901 visits/mo
0.5 miles
Jack in the Box
Dining
13,499 visits/mo
0.0 miles
Taco Bell
Dining
9,775 visits/mo
0.5 miles
Demographics for 75051, TX
40,243
Population
14,139
Households
2.8
Avg Household Size
32
Median Age
15%
College-Educated
68%
High-School Grad
12.6 sq mi
ZIP Area
3,194
Density / Sq Mi
$53,124
Median Household Income
$34,029
Median Earnings
$1,183
Median Rent
$196,700
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.
Similar Off Market Nearby
- Hacienda Buffet — 409 E Main St, Grand Prairie, TX 75050
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant real estate is offered with existing equipment and an established operating history.
Where is this conventional restaurant located?
The property is located at 123 E Jefferson St Grand Prairie, TX.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Second‑generation restaurant property with real estate included; Existing restaurant equipment included; Reported profitability for 12 plus years
