Restaurant with Catering
For Sale
$190,000
213 S Terry St, Malakoff, TX 75148
Operating restaurant and catering property with included equipment, upgraded building systems, and expanded support space.
Property Size2,534 SF
Price / SF$74.98
Days on Market48
Property Features for 213 S Terry St
General Information
Standard status
Active
Size
2,534 SF
Additional Details
Business Included
Yes
Equipment Included
Yes
Amenities
new HVAC
upgraded exhaust system
expanded upstairs office space
additional restroom
storage
Building Details
Year Built
1950
Listing Agency:
TX Lake & Land Real Estate
Listed By:
Courtney Dickens Johnson · License #0607334
(903) 818-1327
Source:
Yourdavisteam
Added: Sep 5
Changed: Oct 17
Last Checked: Oct 21 at 12:40AM
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 TX Lake & Land Real Estate
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Investment Insights
Based on property information with market context.
Located at 213 S Terry St in Malakoff, this conventional restaurant property includes a restaurant and catering operation with 2,534 square feet of retail space. The sale includes the equipment needed for ongoing operations, along with storage and dedicated office areas. Built in 1950, the property combines an established commercial building with recent functional improvements.
Updates include a new HVAC system, an upgraded exhaust system, expanded upstairs office space, and an additional restroom. The building is also configured with storage areas that support restaurant and catering activities. The property is positioned near Athens and Cedar Creek Lake, with a downtown Malakoff address at the center of the surrounding community.
Updates include a new HVAC system, an upgraded exhaust system, expanded upstairs office space, and an additional restroom. The building is also configured with storage areas that support restaurant and catering activities. The property is positioned near Athens and Cedar Creek Lake, with a downtown Malakoff address at the center of the surrounding community.
Key Highlights
- 2,534‑square‑foot restaurant and retail property
- Restaurant and catering operation with included equipment
- New HVAC system and upgraded exhaust system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,157
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,140
$263.1K
Cap Rate 7%
$187,957
$188.0K
Cap Rate 9%
$146,189
$146.2K
Market Conditions
NOI Build-Up for 2,534 SF
Gross rent
$20.7K $8.16/SF
− Vacancy
−$1.9K −$0.74/SF
EGI
$18.8K $7.42/SF
− OpEx
−$5.6K −$2.23/SF
NOI
$13.2K $5.19/SF
Area
Henderson County, TX
Vacancy
9.10%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,140
Cap Rate 7%
$187,957
Cap Rate 9%
$146,189
Alternative Uses
Best Use
Specialty Retail
$643.8K
$563.3K – $751.1K
NOI $45,065 @ 7.0% cap · market cap 23.72%
Second Best
Industrial
$188.0K
$164.5K – $219.3K
NOI $13,157 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$891.4K
$780.0K – $1.04M
NOI $62,397 @ 7.0% cap · market cap 32.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
94k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 38%
Groceries 15%
Home Improvements & Furnishings 2%
Exxon
Shops & Services
25,288 visits/mo
0.2 miles
McDonald's
Dining
18,138 visits/mo
0.2 miles
Brookshire's
Groceries
14,187 visits/mo
0.4 miles
Whataburger
Dining
8,063 visits/mo
0.2 miles
SONIC Drive In
Dining
7,244 visits/mo
0.5 miles
Demographics for 75148, TX
5,796
Population
3,625
Households
1.6
Avg Household Size
46
Median Age
22%
College-Educated
85%
High-School Grad
88.8 sq mi
ZIP Area
65
Density / Sq Mi
$59,923
Median Household Income
$33,318
Median Earnings
$838
Median Rent
$159,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant and catering property with included equipment, upgraded building systems, and expanded support space.
Where is this conventional restaurant located?
The property is located at 213 S Terry St Malakoff, TX.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 2,534‑square‑foot restaurant and retail property; Restaurant and catering operation with included equipment; New HVAC system and upgraded exhaust system
