Restaurant with Multi-Tenant
For Sale
$3,995,000
504 N Oak Street, Roanoke, TX 76262
COMMERCIAL - Roanoke, TX
Property Size9,542 SF
Lot Size0.15 Acres
Price / SF$418.68
Days on Market93
Property Features for 504 N Oak Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
commercial
Subdivision
Brand & Bowens
Directions
N of Hwy 377 from 170. Turn Right on Denton St. Property on the left at Oak
Standard status
Active
APN
R73360
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
BRAND & BOWEN'S BLK 27 LOT 4,5,6
Tax Annual Amount
13823
Legal Description
BRAND & BOWEN'S BLK 27 LOT 4,5,6
Utilities
Heating system
Electric (Heating)
Cooling system
Electric
Building Details
Year built
1985
Floors in Building
2
Number of units
8
Flooring type
Carpet, Vinyl
Building materials
Frame
Roof type
Composition
Listing Agency:
Park Place Real Estate
(817) 688-3200
Listed By:
Kelly Horton · License #0418194
(817) 688-3200
Added: May 29
Changed: Aug 4
Last Checked: Aug 29 at 5:06AM
MLS# 21284061
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.
Investment Insights
Based on property information with market context.
The property consists of two structures with 9,542 square feet under roof, including a two-story multi-tenant building and a free-standing building that houses the restaurant. The office component provides 8 income-producing suites, with 3 vacancies currently noted. The purchase includes the restaurant building and the two-story office complex, along with furniture, fixtures and equipment for the restaurant.
The site is 0.148 acres and the construction is frame with composition roofing. Interior finishes include carpet and vinyl. Heating and cooling are electric. Built in 1985, the property is configured for combined restaurant and office use under one ownership.
The site is 0.148 acres and the construction is frame with composition roofing. Interior finishes include carpet and vinyl. Heating and cooling are electric. Built in 1985, the property is configured for combined restaurant and office use under one ownership.
Key Highlights
- Two structures totaling 9,542 square feet under roof
- Free‑standing restaurant building plus a two‑story multi‑tenant office building
- 8 income‑producing suites with 3 vacancies currently
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
$180,430
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
4.52%
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%
$3,608,600
$3.6M
Cap Rate 7%
$2,577,571
$2.6M
Cap Rate 9%
$2,004,778
$2.0M
Market Conditions
NOI Build-Up for 9,542 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
$251.9K $26.40/SF
− Vacancy
−$11.3K −$1.19/SF
EGI
$240.6K $25.21/SF
− OpEx
−$60.1K −$6.30/SF
NOI
$180.4K $18.91/SF
Area
Denton County, TX
Vacancy
4.50%
Lease Rate
$26.40 /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%
$3,608,600
Cap Rate 7%
$2,577,571
Cap Rate 9%
$2,004,778
Alternative Uses
Best Use
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,430 @ 7.0% cap · market cap 4.52%
Second Best
Office B
$1.90M
$1.66M – $2.21M
NOI $132,682 @ 7.0% cap · market cap 3.32%
Theoretical Best
Multifamily LT 5
$133.44M
$116.76M – $155.68M
NOI $9,340,757 @ 7.0% cap · market cap 233.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76262, TX
42,592
Population
16,260
Households
2.6
Avg Household Size
37
Median Age
58%
College-Educated
96%
High-School Grad
42.3 sq mi
ZIP Area
1,007
Density / Sq Mi
$143,093
Median Household Income
$72,418
Median Earnings
$1,752
Median Rent
$527,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two-structure setup with a free-standing restaurant and a two-story multi-tenant office building.
Where is this conventional restaurant located?
The property is located at 504 N Oak Street Roanoke, TX.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Two structures totaling 9,542 square feet under roof; Free‑standing restaurant building plus a two‑story multi‑tenant office building; 8 income‑producing suites with 3 vacancies currently
