Building Details

Construction brick

Listing Agency: Exit Realty Pinnacle Group

Listed By: Kathy Hobbs · License #0417256 Show Phone

Source: Heritance

Added: Aug 24 Changed: Oct 3 Last Checked: Oct 7 at 3:24PM

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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

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Investment Insights

Based on property information with market context.

This approximately 600-square-foot brick storefront is positioned for commercial use in Lone Oak, Texas. The building includes central heating and air conditioning, with the system requiring repair. On-site parking is available for customers, staff, or visitors.

The property fronts U.S. Highway 69 N at 202 U.S. Highway 69 N, placing the building along a busy highway corridor through Lone Oak. Its compact footprint offers a straightforward format for an owner-user or small commercial operation.

Key Highlights

• Approximately 600 square feet of storefront space
• Brick building construction
• Located on busy U.S. Highway 69 in Lone Oak, Texas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,654

Cap Rate

3.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$193,080 $193.1K

Cap Rate 7%

$137,914 $137.9K

Cap Rate 9%

$107,267 $107.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 600 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $41,734 @ 7.0% cap · market cap 15.75%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Plumbing Service Bakery Furniture & Home Goods Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Brick commercial building with on-site 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 storefront space; Brick building construction; Located on busy U.S. Highway 69 in Lone Oak, Texas