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    Turnkey Bar and Entertainment Venue Title is generated by Realmo AI

    202 County Road 1270, Detroit, TX 75436

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    Claim this Listing
    For Sale
    $3,500,000

    COMMERCIAL - Detroit, TX

    Lot size:
    5.00 Acres
    Added:
    Feb 1, 2026
    Days on Market:
    122
    Last Refresh:
    Jun 3 at 12:06 pm

    Property Features for 202 County Road 1270

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    RV
    Security features
    Security
    Standard status
    Active
    APN
    01070000000030000
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Description
    A0700 ROBBINS, JOHN MAP D-12 TC-22 63.915 ACR
    Tax Annual Amount
    2878

    Utilities

    Sewer type
    Aerobic Septic
    Heating system
    Electric (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    2023
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    MetalSiding, Concrete, SteelSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Michael Fox

    Listing agent Michael Fox License #0841728

    Listing office Glass Land and Home LLC Paris, TX

    Listing date Feb 1, 2026

    MLS# 21157743

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Bar and entertainment venue with Highway 82 frontage on US Highway 82 W near Detroit, TX (6233 US Highway 82 W).
    • Built in 2023 with metal roof and metal siding/concrete/steel siding exterior construction.
    • Concrete flooring throughout.
    • Electric heating and electric cooling.
    • On‑site parking includes RV parking.
    • Sewer service: aerobic septic.

    Overview

    This turnkey bar and entertainment venue is designed for day-to-night operation, featuring a welcoming indoor bar area built for efficient service and a social atmosphere. Outdoor space is also available for live music, events, and overflow seating, supporting a broad range of programming beyond everyday bar service.

    Located in Red River County, Texas, with highway frontage along US Highway 82, the property offers strong visibility and convenient access for local patrons and regional visitors. The operating concept at The Wrecking Bar has an established following and includes live entertainment, themed nights, food and drink specials, and community gatherings.

    For buyers seeking a fully operational asset rather than a ground-up concept, this property’s proven entertainment focus and turnkey readiness can support continuity while new ownership refines programming and marketing. The blend of indoor service space and outdoor event capacity also makes it a practical fit for operators looking to host recurring events and drive consistent traffic throughout the week.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Map

    City
    Detroit
    County
    Red River
    State
    Texas
    Longitude
    -95.198659
    Latitude
    33.633013

    Nearby Similar for Sale

    • $3,500,000

      The Wrecking Bar For Sale

      Bar and restaurant property located on SH82 in Detroit, TX.
      202 County Road 1270, Detroit, TX 75436
      View Details
    • $985,000

      Profitable Overhead Door Business

      Established overhead door business serving Northeast Texas and Southeast Oklahoma.
      1030 County Road 2131, Detroit, TX 75436
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Turnkey bar and entertainment venue with highway visibility and indoor bar space plus outdoor areas for live events.
    Where is this bar & pub located?
    The property is located at 202 County Road 1270 Detroit, TX.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Bar and entertainment venue with Highway 82 frontage on US Highway 82 W near Detroit, TX (6233 US Highway 82 W).; Built in 2023 with metal roof and metal siding/concrete/steel siding exterior construction.; Concrete flooring throughout.
    (903) 785-8457
    We can help!
    Listing Contact
    Michael Fox
    Real Estate License ID: 0841728
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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