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 Market180
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
Listed By:
John Ekdahl · License #9012314
(325) 773-3676
Source:
Crexi
Added: Apr 20
Changed: Oct 12
Last Checked: Oct 14 at 8:22PM
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
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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 / Yr
$43,706
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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
