Renovated Multi-Unit Restaurant
New
For Sale
$1,350,000
200 S Kaufman Street #A B C, Ennis, TX 75119
Commercial kitchen equipment conveys with the sale, supporting restaurant operations across the currently leased units.
Property Size3,540 SF
Price / SF$381.36
Days on Market5
Property Features for 200 S Kaufman Street #A B C
General Information
Standard status
Active
Size
3,540 SF
Property subtype
Commercial
Zoning
COMMERCIAL
Occupancy
100%
Additional Details
Road Access
Yes
Land Use
commercial
Equipment Included
Yes
Building Details
Building Size
3,540 SF
Year Built
1986
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Amelia Valdez City Real Estate
(469) 658-5506
Listed By:
Amelia Valdez · License #579294
(469) 658-5506
Source:
Cuddrealtyinc
Added: Aug 7
Changed: Aug 8
Last Checked: Aug 10 at 11:04AM
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 Amelia Valdez City Real Estate
Investment Insights
Based on property information with market context.
This 3,540-square-foot restaurant property contains multiple income-producing units and has undergone a thoughtful renovation incorporating rustic design elements, upscale commercial finishes, and commercial-grade kitchen equipment. The kitchen equipment conveys with the sale. Built in 1986, the property is zoned COMMERCIAL and is currently 100% leased, with tenant lease terms extending approximately two more years.
Located at 200 S Kaufman Street #A, B, C, in Ennis, the property sits along South Kaufman Street, a major thoroughfare and gateway into the city. The site benefits from daily traffic exposure, visibility, convenient access, and ongoing corridor improvements.
An additional development lot is included and has capacity for two additional incubator-style commercial units. The extra land may also accommodate expanded parking as the property develops.
Located at 200 S Kaufman Street #A, B, C, in Ennis, the property sits along South Kaufman Street, a major thoroughfare and gateway into the city. The site benefits from daily traffic exposure, visibility, convenient access, and ongoing corridor improvements.
An additional development lot is included and has capacity for two additional incubator-style commercial units. The extra land may also accommodate expanded parking as the property develops.
Key Highlights
- 3,540‑square‑foot restaurant property with multiple income‑producing units
- Currently 100% leased with tenant lease terms extending approximately two more years
- Commercial‑grade kitchen equipment conveys with the sale
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
$63,287
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
4.69%
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%
$1,265,740
$1.3M
Cap Rate 7%
$904,100
$904.1K
Cap Rate 9%
$703,189
$703.2K
Market Conditions
NOI Build-Up for 3,540 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
$88.4K $24.96/SF
− Vacancy
−$4.0K −$1.12/SF
EGI
$84.4K $23.84/SF
− OpEx
−$21.1K −$5.96/SF
NOI
$63.3K $17.88/SF
Area
Ellis County, TX
Vacancy
4.50%
Lease Rate
$24.96 /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%
$1,265,740
Cap Rate 7%
$904,100
Cap Rate 9%
$703,189
Alternative Uses
Best Use
Specialty Retail
$904.1K
$791.1K – $1.05M
NOI $63,287 @ 7.0% cap · market cap 4.69%
Second Best
Industrial
$262.2K
$229.4K – $305.9K
NOI $18,351 @ 7.0% cap · market cap 1.36%
Theoretical Best
Multifamily LT 5
$38.63M
$33.80M – $45.07M
NOI $2,703,906 @ 7.0% cap · market cap 200.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75119, TX
28,973
Population
11,738
Households
2.5
Avg Household Size
35
Median Age
20%
College-Educated
80%
High-School Grad
264.2 sq mi
ZIP Area
110
Density / Sq Mi
$76,983
Median Household Income
$41,861
Median Earnings
$1,230
Median Rent
$238,400
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.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial kitchen equipment conveys with the sale, supporting restaurant operations across the currently leased units.
Where is this conventional restaurant located?
The property is located at 200 S Kaufman Street #A B C Ennis, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 3,540‑square‑foot restaurant property with multiple income‑producing units; Currently 100% leased with tenant lease terms extending approximately two more years; Commercial‑grade kitchen equipment conveys with the sale
