Single-Story Mixed-Use
New
For Sale
Contact for pricing
400 Houston Street, Pottsboro, TX 75076
Adaptable interior includes dining, bar, kitchen-ready, office, meeting, storage, and private-dining areas.
Property Size9,646 SF
Price / SF$145.14
Days on Market7
Property Features for 400 Houston Street
General Information
Standard status
Active
Size
9,646 SF
Total Parking Spaces
50
Property subtype
Mixed Use, Hospitality, Business for Sale
Zoning
Mixed, Office, Real Commercial
Additional Details
Utilities to Site
Yes
Sprinkler System
Yes
Amenities
central HVAC
security system
natural gas
Building Details
Year Built
1990
Year Renovated
2025
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
KW Commercial
(972) 732-6000
Listed By:
Stacey Davidson · License #183892
Source:
Crexi
Added: Aug 14
Changed: Aug 20
Last Checked: Aug 19 at 10:01PM
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 KW Commercial
Investment Insights
Based on property information with market context.
This 9,646-square-foot, single-story commercial building combines restaurant-oriented improvements with a flexible interior configuration. The property includes an established dining area, bar, kitchen-ready space, and multiple additional rooms suited to offices, private dining, meetings, storage, or expanded operations. It was built in 1990 and includes 15–20-foot ceiling heights, central HVAC, fire sprinkler protection, and security systems.
City water and sewer serve the property, with natural gas availability also noted. Additional asphalt parking supports the building. The zoning is identified as Mixed, Office, Real Commercial. Previous restaurant conversion work and the existing layout support consideration of restaurant, retail, office, event venue, service business, and owner-user concepts.
City water and sewer serve the property, with natural gas availability also noted. Additional asphalt parking supports the building. The zoning is identified as Mixed, Office, Real Commercial. Previous restaurant conversion work and the existing layout support consideration of restaurant, retail, office, event venue, service business, and owner-user concepts.
Key Highlights
- 9,646‑square‑foot single‑story commercial building
- 15–20‑foot ceiling heights
- Dining area, bar, and kitchen‑ready space in place
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
$95,495
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
6.82%
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%
$1,909,900
$1.9M
Cap Rate 7%
$1,364,214
$1.4M
Cap Rate 9%
$1,061,056
$1.1M
Market Conditions
NOI Build-Up for 9,646 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
$173.6K $18.00/SF
− Vacancy
−$20.8K −$2.16/SF
EGI
$152.8K $15.84/SF
− OpEx
−$57.3K −$5.94/SF
NOI
$95.5K $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 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%
$1,909,900
Cap Rate 7%
$1,364,214
Cap Rate 9%
$1,061,056
Alternative Uses
Best Use
Specialty Retail
$2.45M
$2.14M – $2.86M
NOI $171,544 @ 7.0% cap · market cap 12.25%
Second Best
Mixed Use
$1.36M
$1.19M – $1.59M
NOI $95,495 @ 7.0% cap · market cap 6.82%
Theoretical Best
Hotel Hospitality
$4.95M
$4.33M – $5.77M
NOI $346,388 @ 7.0% cap · market cap 24.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
226
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Adaptable interior includes dining, bar, kitchen-ready, office, meeting, storage, and private-dining areas.
Where is this mixed-use property located?
The property is located at 400 Houston Street Pottsboro, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 9,646‑square‑foot single‑story commercial building; 15–20‑foot ceiling heights; Dining area, bar, and kitchen‑ready space in place
