Historic Downtown Restaurant
For Sale
$1,495,000
115 W 2nd St, Taylor, TX 76574
Historic c. 1900 storefront with remodeled kitchen and baths, restored stage, and recent roof and HVAC upgrades.
Property Size3,750 SF
Price / SF$398.67
Days on Market491
Property Features for 115 W 2nd St
General Information
Standard status
Active
Size
3,750 SF
Property subtype
General Commercial
Restaurant
Commercial Hood
Yes
Liquor License
Yes
Amenities
Central Air
3
No Parking.
Building Details
Year Built
1900
Listing Agency:
JBGoodwin REALTORS WL
(512) 900-2460
Listed By:
Alyson McGee · License #0637698
(512) 900-2460
Source:
Xome
Added: Apr 20, 2025
Changed: Aug 23
Last Checked: Aug 23 at 4:40AM
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 JBGoodwin REALTORS WL
Investment Insights
Based on property information with market context.
Located in the Downtown Taylor National Register Historic District, this c. 1900 commercial storefront offers flexible use history and multiple in-place improvements. The property has previously been operated as a bar/restaurant, with a commercial vent hood and stainless-steel sink unit included, along with documented late-night operation permit, liquor license, and 330-customer capacity. Most recently, it was used for an event space.
Improvements completed in the past 2–3 years include refinished hardwood oak floors, refinished 40’ wood bar, façade and interior painting, kitchen and bathroom remodels, and restoration of a 350-square-foot stage with lighting. The metal roof was repaired and recoated in 2025, and two new 5-ton air conditioning units were installed in 2024 and 2025. New plumbing and electrical were installed in 2018.
The surrounding downtown area includes nearby hospitality and entertainment uses, including Second Street Station, Curbside Coffee Co., Black Sparrow Music Parlor, and Louie Mueller BBQ.
Improvements completed in the past 2–3 years include refinished hardwood oak floors, refinished 40’ wood bar, façade and interior painting, kitchen and bathroom remodels, and restoration of a 350-square-foot stage with lighting. The metal roof was repaired and recoated in 2025, and two new 5-ton air conditioning units were installed in 2024 and 2025. New plumbing and electrical were installed in 2018.
The surrounding downtown area includes nearby hospitality and entertainment uses, including Second Street Station, Curbside Coffee Co., Black Sparrow Music Parlor, and Louie Mueller BBQ.
Key Highlights
- c. 1900 historic commercial storefront in the Downtown Taylor National Register Historic District
- Previously operated as a bar/restaurant with commercial vent hood and SS sink; 330 customer capacity and late night operation permit
- Past 2–3 years updates include refinished oak hardwood floors, refinished 40' wood bar, painted façade and interior, and remodeled kitchen and bathrooms
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
$70,747
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
4.73%
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%
$1,414,940
$1.4M
Cap Rate 7%
$1,010,671
$1.0M
Cap Rate 9%
$786,078
$786.1K
Market Conditions
NOI Build-Up for 3,750 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
$97.7K $26.04/SF
− Vacancy
−$3.3K −$0.89/SF
EGI
$94.3K $25.15/SF
− OpEx
−$23.6K −$6.29/SF
NOI
$70.7K $18.87/SF
Area
Williamson County, TX
Vacancy
3.40%
Lease Rate
$26.04 /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%
$1,414,940
Cap Rate 7%
$1,010,671
Cap Rate 9%
$786,078
Alternative Uses
Best Use
Specialty Retail
$1.01M
$884.3K – $1.18M
NOI $70,747 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,732 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Commercial hood
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Groceries 15%
Shell
Shops & Services
6,352 visits/mo
0.3 miles
Citgo
Shops & Services
2,661 visits/mo
0.3 miles
King's Liquor
Groceries
1,687 visits/mo
0.3 miles
City National Bank
Shops & Services
930 visits/mo
0.1 miles
Demographics for 76574, TX
19,366
Population
8,458
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
86%
High-School Grad
149.0 sq mi
ZIP Area
130
Density / Sq Mi
$72,805
Median Household Income
$40,994
Median Earnings
$1,167
Median Rent
$252,000
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
- Black Sparrow Music Parlor — 113 W 2nd St, Taylor, TX 76574
- 1922 Libations and Bites — 410 W 7th St #110, Taylor, TX 76574
- Ed's Place — 209 W 3rd St, Taylor, TX 76574
- Daiquiris To Go - Taylor — 206 N Main St, Taylor, TX 76574
- Billy's Westside — 1107 W 2nd St #2430, Taylor, TX 76574
Frequently Asked Questions
What type of property is this?
Bar & Pub - Historic c. 1900 storefront with remodeled kitchen and baths, restored stage, and recent roof and HVAC upgrades.
Where is this bar & pub located?
The property is located at 115 W 2nd St Taylor, TX.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: c. 1900 historic commercial storefront in the Downtown Taylor National Register Historic District; Previously operated as a bar/restaurant with commercial vent hood and SS sink; 330 customer capacity and late night operation permit; Past 2–3 years updates include refinished oak hardwood floors, refinished 40' wood bar, painted façade and interior, and remodeled kitchen and bathrooms
