Restaurant with Outdoor
For Sale
Contact for pricing
316 Cooper St, Dallas, TX 75104
Remodeled restaurant property with commercial-grade systems, extensive outdoor seating, and a fully equipped kitchen.
Property Size3,598 SF
Price / SF$193.44
Days on Market176
Property Features for 316 Cooper St
General Information
Standard status
Active
Size
3,598 SF
Total Parking Spaces
36
Property subtype
RETAIL
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Patio
Yes
Amenities
vaulted ceilings
4 entrances
3 restrooms
office
water feature
fireplace
outdoor bar
Building Details
Year Renovated
1956
Listing Agency:
Mote & Associates Commercial Real Estate
(972) 296-2856
Listed By:
Sarah Mitchell
(469) 569-3019
Source:
Moodyscre
Added: Mar 11
Changed: Aug 29
Last Checked: Sep 1 at 11:31PM
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 Mote & Associates Commercial Real Estate
Investment Insights
Based on property information with market context.
This 3,598-square-foot restaurant occupies a former home remodeled in 1956. The property includes commercial-standard electrical and plumbing, vaulted ceilings, four entrances, three restrooms, an office, interior seating, and a bar. The kitchen is outfitted with fiberglass wall panels, a 1,000-gallon grease trap, hot water equipment, two vent hoods with a blower system, a water filtration system serving the drink station and ice machine, hand sinks, a three-compartment sink, and restaurant furnishings.
Outdoor improvements include an additional bar, a water feature, a fireplace, and seating areas. The parking lot provides 36 spaces. The property is located at 316 Cooper St in Dallas, Texas 75104.
Outdoor improvements include an additional bar, a water feature, a fireplace, and seating areas. The parking lot provides 36 spaces. The property is located at 316 Cooper St in Dallas, Texas 75104.
Key Highlights
- 3,598‑square‑foot restaurant property with commercial‑standard electrical and plumbing
- Kitchen includes two vent hoods with blower system and a 1,000‑gallon grease trap
- Includes interior bar, office, three restrooms, vaulted ceilings, and four entrances
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
$61,964
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
8.90%
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%
$1,239,280
$1.2M
Cap Rate 7%
$885,200
$885.2K
Cap Rate 9%
$688,489
$688.5K
Market Conditions
NOI Build-Up for 3,598 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
$86.8K $24.12/SF
− Vacancy
−$4.2K −$1.16/SF
EGI
$82.6K $22.96/SF
− OpEx
−$20.7K −$5.74/SF
NOI
$62.0K $17.22/SF
Area
Dallas, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
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%
$1,239,280
Cap Rate 7%
$885,200
Cap Rate 9%
$688,489
Alternative Uses
Best Use
Specialty Retail
$885.2K
$774.6K – $1.03M
NOI $61,964 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.32M
$3.78M – $5.04M
NOI $302,211 @ 7.0% cap · market cap 43.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
907
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Cash America
Shops & Services
907 visits/mo
0.5 miles
Demographics for 75104, TX
49,749
Population
17,365
Households
2.9
Avg Household Size
37
Median Age
31%
College-Educated
91%
High-School Grad
36.9 sq mi
ZIP Area
1,348
Density / Sq Mi
$91,147
Median Household Income
$46,579
Median Earnings
$1,886
Median Rent
$274,900
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?
Conventional restaurant - Remodeled restaurant property with commercial-grade systems, extensive outdoor seating, and a fully equipped kitchen.
Where is this conventional restaurant located?
The property is located at 316 Cooper St Dallas, TX.
What is the asking price?
The asking price for this property is $696,000.
What are key features of this property?
This property features: 3,598‑square‑foot restaurant property with commercial‑standard electrical and plumbing; Kitchen includes two vent hoods with blower system and a 1,000‑gallon grease trap; Includes interior bar, office, three restrooms, vaulted ceilings, and four entrances
