Flex Space with Restaurant
18714 Us Highway 69 N, Lindale, TX 75771
For Sale
New
$1,390,000
Food-service improvements, air-conditioned rooms and warehouse space support a varied interior configuration.
Property Size10,520 SF
Lot Size1.70 Acres
Price / SF$132.13
Days on Market4
Property Features for 18714 Us Highway 69 N
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Utilities to Site
Warehouse & Industrial
Cold Storage
Conditioned Warehouse
Additional Details
Property Use
Building Details
Year Built
Year Renovated
Listing Agency:
M&D CRE, LLC
Listed By:
Kevin Weable · License #689810
(214) 801-7787
Source:
Realestatestation
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 6:55AM
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 M&D CRE, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Renovated in 2022, this flex property combines a customer gathering area, kitchen facilities, office space, air-conditioned rooms and an unconditioned warehouse. The main room features five arched storefront windows and an illuminated cedar bar measuring 21 feet, with a kitchen service window nearby. Kitchen equipment includes a hood with suppression, stainless three-compartment sink, floor drain, and built-in walk-in cooler and freezer. The office has a kitchenette and private restroom; five restrooms serve the property, including one with a shower. Four roll-up doors—two exterior and two interior—provide access between the building and outside areas.
The 1.7-acre site has approximately 340 feet of frontage on US Highway 69 N. Exterior features include an asphalt parking lot with gated front access, covered patios, a rear carport, an illuminated pylon sign and four electrical connections for food trucks. Water and electricity are connected, and wastewater is handled by septic. Potential uses listed include restaurant bar, specialty retail, showroom, service or business headquarters, subject to applicable approvals.
The 1.7-acre site has approximately 340 feet of frontage on US Highway 69 N. Exterior features include an asphalt parking lot with gated front access, covered patios, a rear carport, an illuminated pylon sign and four electrical connections for food trucks. Water and electricity are connected, and wastewater is handled by septic. Potential uses listed include restaurant bar, specialty retail, showroom, service or business headquarters, subject to applicable approvals.
Key Highlights
- 1.7‑acre site with approximately 340 feet of US Highway 69 N frontage
- Renovated in 2022; built in 1996
- 21‑foot illuminated cedar bar, five arched storefront windows and kitchen service window
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,783
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,315,660
$1.3M
Cap Rate 7%
$939,757
$939.8K
Cap Rate 9%
$730,922
$730.9K
Market Conditions
NOI Build-Up for 10,520 SF
Gross rent
$84.6K $8.04/SF
− Vacancy
−$7.2K −$0.68/SF
EGI
$77.4K $7.36/SF
− OpEx
−$11.6K −$1.10/SF
NOI
$65.8K $6.25/SF
Area
Smith County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,315,660
Cap Rate 7%
$939,757
Cap Rate 9%
$730,922
Alternative Uses
Best Use
Specialty Retail
$2.70M
$2.36M – $3.14M
NOI $188,663 @ 7.0% cap · market cap 13.57%
Second Best
Warehouse
$939.8K
$822.3K – $1.10M
NOI $65,783 @ 7.0% cap · market cap 4.73%
Theoretical Best
Hotel Hospitality
$7.92M
$6.93M – $9.24M
NOI $554,667 @ 7.0% cap · market cap 39.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75771, TX
21,870
Population
9,241
Households
2.4
Avg Household Size
41
Median Age
29%
College-Educated
91%
High-School Grad
146.1 sq mi
ZIP Area
150
Density / Sq Mi
$90,112
Median Household Income
$48,088
Median Earnings
$1,318
Median Rent
$266,000
Median Home Value
Market
Average Price Trend$/SF for Flex space in Smith County, TX
Properties on Market for Flex space in Smith County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Food-service improvements, air-conditioned rooms and warehouse space support a varied interior configuration.
Where is this flex space located?
The property is located at 18714 Us Highway 69 N Lindale, TX.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: 1.7‑acre site with approximately 340 feet of US Highway 69 N frontage; Renovated in 2022; built in 1996; 21‑foot illuminated cedar bar, five arched storefront windows and kitchen service window
