Mixed-Use Building with
New
For Sale
$399,000
317 W Fm 120 #321, Pottsboro, TX 75076
Three separate units include restaurant space and an updated suite leased to an insurance agency.
Property Size2,800 SF
Price / SF$142.50
Days on Market5
Property Features for 317 W Fm 120 #321
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Commercial
Zoning
B-1 office, light retail and neighborhoo
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
A new owner would need to make restaurant improvements
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Office Units
1
Building Details
Building Size
2,800 SF
Year Built
2000
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Owner Occupied
Yes
Abandoned
No
Listing Agency:
BOURQUIN REALTY
Listed By:
David Bourquin · License #0596715
(940) 329-5070
Source:
Bourquinrealty
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:16PM
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 BOURQUIN REALTY
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Investment Insights
Based on property information with market context.
Built in 2000, this 2,800-square-foot mixed-use building has three units. The restaurant occupies two, and the third is an updated suite leased to an insurance agency. Restaurant equipment, including a vent hood, grill, coolers, refrigerators, tables and booths, is included. Restaurant improvements are needed. Restrooms are distributed across the units, with two in unit one and one each in units two and three.
The property is at 317 W FM 120 in downtown Pottsboro. Lake Texoma, Preston Harbor, Margaritaville and the Hard Rock resort are identified as nearby area destinations, along with Highport, Mill Creek, Lighthouse, Grandpappy's and Flowing Wells marinas.
The property is at 317 W FM 120 in downtown Pottsboro. Lake Texoma, Preston Harbor, Margaritaville and the Hard Rock resort are identified as nearby area destinations, along with Highport, Mill Creek, Lighthouse, Grandpappy's and Flowing Wells marinas.
Key Highlights
- 2,800‑square‑foot building completed in 2000
- Three units: restaurant space spans two units; the third is leased to an insurance agency
- Included restaurant equipment: vent hood, grill, coolers, refrigerators, tables and booths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,720
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,400
$554.4K
Cap Rate 7%
$396,000
$396.0K
Cap Rate 9%
$308,000
$308.0K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$50.4K $18.00/SF
− Vacancy
−$6.0K −$2.16/SF
EGI
$44.4K $15.84/SF
− OpEx
−$16.6K −$5.94/SF
NOI
$27.7K $9.90/SF
Area
Grayson County, TX
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,400
Cap Rate 7%
$396,000
Cap Rate 9%
$308,000
Alternative Uses
Best Use
Specialty Retail
$711.4K
$622.4K – $829.9K
NOI $49,795 @ 7.0% cap · market cap 12.48%
Second Best
Mixed Use
$396.0K
$346.5K – $462.0K
NOI $27,720 @ 7.0% cap · market cap 6.95%
Theoretical Best
Hotel Hospitality
$1.44M
$1.26M – $1.68M
NOI $100,548 @ 7.0% cap · market cap 25.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Demographics for 75076, TX
8,057
Population
4,361
Households
1.8
Avg Household Size
50
Median Age
21%
College-Educated
93%
High-School Grad
50.3 sq mi
ZIP Area
160
Density / Sq Mi
$76,644
Median Household Income
$41,274
Median Earnings
$1,337
Median Rent
$241,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three separate units include restaurant space and an updated suite leased to an insurance agency.
Where is this mixed-use property located?
The property is located at 317 W Fm 120 #321 Pottsboro, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2,800‑square‑foot building completed in 2000; Three units: restaurant space spans two units; the third is leased to an insurance agency; Included restaurant equipment: vent hood, grill, coolers, refrigerators, tables and booths
