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    Hookah Lounge and Light Restaurant Title is generated by Realmo AI

    301 E Virginia Street, McKinney, TX 75069

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    For Lease
    $6,000/Mo $47 SF/Yr (calc)

    For-rent hookah lounge and light restaurant business setup in McKinney’s downtown district.

    Property size:
    1,530 SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 1:52 am

    Property Features for 301 E Virginia Street

    General Information

    Standard status
    Active
    Size
    1,530 SF

    Building Details

    Year Built
    2016

    We can help!

    Listing Contact
    Hayman Shwan

    Listing agent Hayman Shwan License #0779215

    Listing office Competitive Edge Realty LLC

    Listing date Jun 3, 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 Competitive Edge Realty LLC

    HighLights

    • Hookah lounge and light restaurant business setup in McKinney’s downtown district
    • Year built: 2016
    • Business listed with asking price of $300,000
    • Financial documentation available to support performance

    Overview

    This for-rent hospitality concept combines a hookah lounge with a light restaurant service format. The offering is presented as an established business operation, positioned for an owner-operator seeking to take over a turnkey-style use. A mix of lounge and dining functions supports day-to-day food and beverage service aligned with the concept.

    The business is located at 301 E Virginia Street in McKinney, Texas 75069, in the downtown area. The property is described as being in one of McKinney’s busiest districts, benefiting from surrounding pedestrian activity and consistent street-level exposure typical of central downtown corridors.

    Interested operators should evaluate the space for compatibility with a hookah lounge and light restaurant program, including service flow between seating areas and food service operations. Financial documentation is stated to be available to support performance, and the current business is offered for transfer in connection with the rental opportunity. For best fit, this concept is suited to an operator comfortable running an owner-led lounge and light restaurant use in an active downtown environment.
    Location Intelligence

    Current Use by Public Records

    Amoré Lounge Cafe ... Bar & Pub En Fuego Tobacco ... (Bike/Boat/Book/etc) Store Foxiis Restaurant and Bar Bar & Pub Revive Church Church Mauceri Bynum Insurance Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • The Pub McKinney — 204 W Virginia St, McKinney, TX 75069
    • Cadillac Pizza Pub — 112 S Kentucky St, McKinney, TX 75069
    • The Garage — 100 E Louisiana St, McKinney, TX 75069
    • Room One Eleven — 111 E Virginia St, McKinney, TX 75069
    • Front Row Music — 100 E Louisiana St STE 1, McKinney, TX 75069

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.6131727
    Latitude
    33.1981923

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    FAQs

    What type of property is this?
    Bar & Pub - For-rent hookah lounge and light restaurant business setup in McKinney’s downtown district.
    Where is this bar & pub located?
    The property is located at 301 E Virginia Street McKinney, TX.
    What is the lease rate?
    The lease rate is $6,000 /Mo.
    What are key features of this property?
    This property features: Hookah lounge and light restaurant business setup in McKinney’s downtown district; Year built: 2016; Business listed with asking price of $300,000
    (214) 604-2477
    We can help!
    Listing Contact
    Hayman Shwan
    Real Estate License ID: 0779215
    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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