Historic Tavern with Full
For Sale
Contact for pricing
140 Market Street, Baird, TX 79504
Established hospitality venue combining casual dining, a fully stocked bar, and periodic live entertainment.
Property Size4,375 SF
Price / SF$297.14
Days on Market134
Property Features for 140 Market Street
General Information
Standard status
Active
Size
4,375 SF
Property subtype
Business for Sale
Investment Type
Owner/User
Building Details
Year Built
1910
Listing Agency:
Ekdahl Real Estate
(325) 773-3676
Listed By:
John Ekdahl · License #9012314
Source:
Crexi
Added: Apr 20
Changed: Aug 30
Last Checked: Aug 30 at 10:40PM
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 Ekdahl Real Estate
Investment Insights
Based on property information with market context.
Railhead Tavern is a 4375-square-foot hospitality property at 140 Market Street in Baird, Texas. Constructed in 1910, the venue operates as a casual tavern with a fully stocked bar, comfort-food menu, and space for regular customer service. Food offerings include Wagyu burgers, soft tacos, a 6oz New York strip, steak and shrimp kabobs, sliders, chicken fried steak, and steak fingers.
The business also hosts occasional live music and karaoke, extending its use beyond daytime dining. Its Baird setting places the property just outside Abilene and within the area described as being influenced by nearby Stargate AI data center development. The property combines an established restaurant-and-bar format with a long-standing building and an existing hospitality operation.
The business also hosts occasional live music and karaoke, extending its use beyond daytime dining. Its Baird setting places the property just outside Abilene and within the area described as being influenced by nearby Stargate AI data center development. The property combines an established restaurant-and-bar format with a long-standing building and an existing hospitality operation.
Key Highlights
- 4375 SF tavern and restaurant property
- Built in 1910
- Fully stocked bar with casual dining operation
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
$43,706
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
3.36%
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%
$874,120
$874.1K
Cap Rate 7%
$624,371
$624.4K
Cap Rate 9%
$485,622
$485.6K
Market Conditions
NOI Build-Up for 4,375 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
$63.0K $14.40/SF
− Vacancy
−$4.7K −$1.08/SF
EGI
$58.3K $13.32/SF
− OpEx
−$14.6K −$3.33/SF
NOI
$43.7K $9.99/SF
Area
Callahan County, TX
Vacancy
7.50%
Lease Rate
$14.40 /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%
$874,120
Cap Rate 7%
$624,371
Cap Rate 9%
$485,622
Alternative Uses
Best Use
Specialty Retail
$624.4K
$546.3K – $728.4K
NOI $43,706 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$976.8K
$854.7K – $1.14M
NOI $68,376 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
3,823 visits/mo
0.5 miles
Demographics for 79504, TX
2,980
Population
1,372
Households
2.2
Avg Household Size
46
Median Age
20%
College-Educated
87%
High-School Grad
376.8 sq mi
ZIP Area
8
Density / Sq Mi
$67,740
Median Household Income
$37,024
Median Earnings
$739
Median Rent
$112,500
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
- B&C patio — 901 W 4th St, Baird, TX 79504
- B&C patio — 600 Peyton St, Baird, TX 79504
Frequently Asked Questions
What type of property is this?
Bar & Pub - Established hospitality venue combining casual dining, a fully stocked bar, and periodic live entertainment.
Where is this bar & pub located?
The property is located at 140 Market Street Baird, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4375 SF tavern and restaurant property; Built in 1910; Fully stocked bar with casual dining operation
