Brick Storefront
New
For Sale
$265,000
202 Us Highway 69 N, Lone Oak, TX 75453
Commercially zoned brick building with parking and central HVAC requiring repair.
Property Size600 SF
Days on Market3
Property Features for 202 Us Highway 69 N
General Information
Standard status
Active
Size
600 SF
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
600 SF
Year Built
9999
Stories
1
Units
1
Listing Agency:
Exit Realty Pinnacle Group
(972) 741-2421
Listed By:
Kathy Hobbs · License #0417256
(972) 741-2421
Source:
Fullhouserealtytx
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 10 at 2:43AM
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 Exit Realty Pinnacle Group
Investment Insights
Based on property information with market context.
This brick storefront building offers approximately 600 square feet of commercial space in Lone Oak, Texas. The property is zoned Commercial and includes central heating and air conditioning that requires repair.
Located at 202 US Highway 69 N, the building fronts a busy highway corridor and provides parking for customers or occupants. The compact layout may suit a small commercial operation, subject to buyer and buyer-agent verification of all property information.
Located at 202 US Highway 69 N, the building fronts a busy highway corridor and provides parking for customers or occupants. The compact layout may suit a small commercial operation, subject to buyer and buyer-agent verification of all property information.
Key Highlights
- Approximately 600 square feet of commercial building area
- Commercial zoning
- Brick storefront construction
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
$9,654
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
3.64%
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%
$193,080
$193.1K
Cap Rate 7%
$137,914
$137.9K
Cap Rate 9%
$107,267
$107.3K
Market Conditions
NOI Build-Up for 600 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
$14.5K $24.12/SF
− Vacancy
−$680 −$1.13/SF
EGI
$13.8K $22.99/SF
− OpEx
−$4.1K −$6.90/SF
NOI
$9.7K $16.09/SF
Area
Hunt County, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
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%
$193,080
Cap Rate 7%
$137,914
Cap Rate 9%
$107,267
Alternative Uses
Best Use
Retail
$137.9K
$120.7K – $160.9K
NOI $9,654 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$596.2K
$521.7K – $695.6K
NOI $41,734 @ 7.0% cap · market cap 15.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75453, TX
3,737
Population
1,298
Households
2.9
Avg Household Size
43
Median Age
13%
College-Educated
86%
High-School Grad
78.4 sq mi
ZIP Area
48
Density / Sq Mi
$82,000
Median Household Income
$51,506
Median Earnings
$1,096
Median Rent
$204,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercially zoned brick building with parking and central HVAC requiring repair.
Where is this storefront property located?
The property is located at 202 Us Highway 69 N Lone Oak, TX.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Approximately 600 square feet of commercial building area; Commercial zoning; Brick storefront construction
