High-Capacity Restaurant with
For Sale
Contact for pricing
3233 Hemphill St, Fort Worth, TX 76110
Flexible dining property with private rooms, a commercial kitchen, coffee station, and food-service support areas.
Property Size6,821 SF
Price / SF$241.90
Days on Market145
Property Features for 3233 Hemphill St
General Information
Standard status
Active
Size
6,821 SF
Property subtype
Retail
Zoning
E
Investment Type
Owner/User
Restaurant
Seating Capacity
300
Grease Trap
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Amenities
private dining rooms
tortilla room
full-service bar area
coffee station
outdoor refrigeration and freezer units
Building Details
Year Built
1954
Buildings
2
Stories
1
Listing Agency:
Mercado Realty Group
(682) 551-8954
Listed By:
Abraham Mercado · License #0726890
Source:
Crexi
Added: Apr 9
Changed: Aug 30
Last Checked: Aug 30 at 4:29PM
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 Mercado Realty Group
Investment Insights
Based on property information with market context.
The restaurant encompasses 6,821 square feet and includes multiple private dining rooms, a full-service bar, a separate coffee station, and a dedicated tortilla room. Its commercial kitchen is equipped with grease traps and food-production infrastructure suited to high-volume service. Seating accommodates up to 300 guests, while furniture, fixtures, and equipment are included with the sale.
An additional approximately 900-square-foot structure provides space for storage, offices, preparation, or operational expansion. Outdoor refrigeration and freezer units add further support for inventory and food-service needs. The property is located at 3233 Hemphill St in Fort Worth, Texas, and was built in 1954.
An additional approximately 900-square-foot structure provides space for storage, offices, preparation, or operational expansion. Outdoor refrigeration and freezer units add further support for inventory and food-service needs. The property is located at 3233 Hemphill St in Fort Worth, Texas, and was built in 1954.
Key Highlights
- 6,821‑square‑foot restaurant with seating for up to 300 guests
- Multiple private dining rooms for events, celebrations, and corporate functions
- Commercial kitchen with grease traps and large‑scale food‑production infrastructure
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
$117,469
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
7.12%
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%
$2,349,380
$2.3M
Cap Rate 7%
$1,678,129
$1.7M
Cap Rate 9%
$1,305,211
$1.3M
Market Conditions
NOI Build-Up for 6,821 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
$164.5K $24.12/SF
− Vacancy
−$7.9K −$1.16/SF
EGI
$156.6K $22.96/SF
− OpEx
−$39.2K −$5.74/SF
NOI
$117.5K $17.22/SF
Area
Fort Worth, 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%
$2,349,380
Cap Rate 7%
$1,678,129
Cap Rate 9%
$1,305,211
Alternative Uses
Best Use
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,469 @ 7.0% cap · market cap 7.12%
Second Best
Industrial
$614.8K
$538.0K – $717.3K
NOI $43,038 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,444 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76110, TX
29,858
Population
12,497
Households
2.4
Avg Household Size
33
Median Age
29%
College-Educated
68%
High-School Grad
5.7 sq mi
ZIP Area
5,238
Density / Sq Mi
$68,435
Median Household Income
$36,262
Median Earnings
$1,255
Median Rent
$239,200
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 - Flexible dining property with private rooms, a commercial kitchen, coffee station, and food-service support areas.
Where is this conventional restaurant located?
The property is located at 3233 Hemphill St Fort Worth, TX.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 6,821‑square‑foot restaurant with seating for up to 300 guests; Multiple private dining rooms for events, celebrations, and corporate functions; Commercial kitchen with grease traps and large‑scale food‑production infrastructure
