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    Restaurant Building with Industrial Kitchen Title is generated by Realmo AI

    3416 S 281 Highway, Mineral Wells, TX 76067

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    For Sale
    $207,000

    COMMERCIAL - Mineral Wells, TX

    Property size:
    2,584 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $80/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 12:06 am

    Property Features for 3416 S 281 Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot, Open, Off Street
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    R000569542
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Description
    Legal: Acres: 0.500, CARTERS STATION BLK 1 LOT 1 G

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1990
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Tile, Engineered, Wood
    Building materials
    WoodSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Christy Dorr

    Listing agent Christy Dorr License #0669027

    Listing office Cornerstone Home and Ranch Mineral Wells, TX

    Listing date Jun 4, 2026

    MLS# 21291011

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2,584 SF commercial building on a 0.5‑acre lot outside Mineral Wells city limits
    • Approximately 281 US Highway frontage with an estimated 7,500 vehicles per day traffic exposure
    • Built in 1990 with metal roof; wood siding exterior
    • Interior includes industrial kitchen, service counters, two large open public seating/game table areas, storage rooms, and a restroom
    • Central heating and central air (electric); parking lot plus off‑street/open parking
    • Septic tank sewer; accessible approach with ramp; property sold AS IS

    Overview

    This offering features a 2,584 SF restaurant building on a 0.5-acre site outside the Mineral Wells city limits. The interior includes an industrial kitchen, service counters, two large open public seating or game table areas, storage rooms, and a restroom. The property includes restaurant furniture and items that may be negotiable with the right deal, and the sale is being made as-is.

    The site sits with prime U.S. Highway 281 frontage, providing an estimated 7,500 vehicles per day of traffic exposure. The combination of highway visibility and an existing service-ready layout can support a straightforward path for an operator looking for a turnkey foodservice footprint.

    With its industrial kitchen and dedicated customer areas, the building is best suited for a conventional restaurant concept or another foodservice use that can capitalize on the existing counter and seating configuration. Buyers should plan to evaluate the property condition on-site and confirm how the current floor plan and included items align with their intended operation, given the as-is sale structure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Similar Places Nearby

    • Nita Beer — 1100-1198 S Oak Ave, Mineral Wells, TX 76067
    • Legends Pool Hall — 302 SE 1st Ave, Mineral Wells, TX 76067

    Map

    City
    Mineral Wells
    County
    Palo Pinto
    State
    Texas
    Longitude
    -98.1056147
    Latitude
    32.7666108

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    FAQs

    What type of property is this?
    Bar & Pub - Restaurant building with an industrial kitchen and public seating areas on high-traffic highway frontage, sold as-is.
    Where is this bar & pub located?
    The property is located at 3416 S 281 Highway Mineral Wells, TX.
    What is the asking price?
    The asking price for this property is $207,000.
    What are key features of this property?
    This property features: 2,584 SF commercial building on a 0.5‑acre lot outside Mineral Wells city limits; Approximately 281 US Highway frontage with an estimated 7,500 vehicles per day traffic exposure; Built in 1990 with metal roof; wood siding exterior
    (940) 452-7915
    We can help!
    Listing Contact
    Christy Dorr
    Real Estate License ID: 0669027
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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