Building Details

Year Built 1930

Buildings 1

Listing Agency: Magnorum Realty Services, LLC

Listed By: James McDonald Show Phone

Source: Magnorumrealty

Added: Oct 19 Changed: Oct 28 Last Checked: Oct 28 at 3:36PM

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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 Magnorum Realty Services, LLC

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Investment Insights

Based on property information with market context.

Built in 1930 and remodeled, this 1,875-square-foot storefront has an open retail floor and a built-in counter. The interior also includes a dedicated office, 2 dressing rooms, a rear room suitable for storage or a break area, and 2 bathrooms. Metal ceiling tiles, decorative chandeliers, and concrete floors are among the building’s finishes.

A privacy fence encloses the rear outdoor area, which has turf and a gate leading to a lighted city parking area. The property is located at 304 E Criner Street in Grandview, Texas.

Key Highlights

• 1,875‑square‑foot storefront, built in 1930 and remodeled
• Open retail floor with counter
• Office, 2 dressing rooms, rear storage or break room, and 2 bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,122

Suggested Prices Based on Cap Rates

Cap Rate 5%

$622,440 $622.4K

Cap Rate 7%

$444,600 $444.6K

Cap Rate 9%

$345,800 $345.8K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,875 SF

Gross rent

$46.8K $24.96/SF

− Vacancy

−$2.3K −$1.25/SF

EGI

$44.5K $23.71/SF

− OpEx

−$13.3K −$7.11/SF

NOI

$31.1K $16.60/SF

Area

Johnson County, TX

Vacancy

5.00%

Lease Rate

$24.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$622,440

Cap Rate 7%

$444,600

Cap Rate 9%

$345,800

Alternative Uses

Best Use

Retail

$444.6K

$389.0K – $518.7K (±1% cap)

NOI $31,122 @ 7.0% cap · market cap 1,296.75%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$22.47M

$19.67M – $26.22M (±1% cap)

NOI $1,573,248 @ 7.0% cap · market cap 65,552.00%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Sugar Mommas Boutique Clothing Store

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Garden Center Nail Salon Catering Service Cafe & Coffee Shop

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

197

Businesses Nearby

48k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 49% Dining 38% Groceries 13%

Burger King Dining

14,748 visits/mo 0.4 miles

Shell Shops & Services

9,415 visits/mo 0.4 miles

Brookshire Brothers Groceries

6,024 visits/mo 0.1 miles

Dollar General Shops & Services

5,909 visits/mo 0.1 miles

Mobil Shops & Services

4,109 visits/mo 0.4 miles

Demographics for 76050, TX

7,315

Population

2,711

Households

2.7

Avg Household Size

40

Median Age

16%

College-Educated

89%

High-School Grad

139.0 sq mi

ZIP Area

53

Density / Sq Mi

$92,949

Median Household Income

$45,812

Median Earnings

$1,147

Median Rent

$255,400

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

Frequently Asked Questions

What type of property is this?

Storefront property - The interior combines an open sales floor with office, fitting, storage, and restroom spaces.

Where is this storefront property located?

The property is located at 304 E Criner Street Grandview, TX.

What are key features of this property?

This property features: 1,875‑square‑foot storefront, built in 1930 and remodeled; Open retail floor with counter; Office, 2 dressing rooms, rear storage or break room, and 2 bathrooms