Restaurant and Office
For Sale
$3,995,000
504 N Oak Street Roanoke, Roanoke, TX 76262
Two-building complex includes a restaurant and a two-story multi-tenant office with 8 income-producing suites.
Property Size9,542 SF
Price / SF$418.68
Days on Market43
Property Features for 504 N Oak Street Roanoke
General Information
Standard status
Active
Size
9,542 SF
Zoning
commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$13,823
Building Details
Building Size
9,542 SF
Year Built
1985
Stories
2
Tenancy
Multi
Listing Agency:
Opt
(800) 683-5651
Listed By:
Sean Shepard
(800) 683-5651
Source:
Jparhouston
Added: Jul 15
Changed: Aug 25
Last Checked: Aug 25 at 5:41AM
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 Opt
Investment Insights
Based on property information with market context.
This offering includes two structures totaling 9,542 square feet under roof. A two-story, multi-tenant office building provides 8 income-producing suites, with 3 vacancies currently. A separate, free-standing building houses the restaurant, which has gross sales over $1,400,000 and sellers’ discretionary earnings north of $260,000.
The purchase includes the restaurant building, the two-story office complex, and furniture, fixtures, and equipment for the restaurant. The property is located at 504 N Oak Street in Roanoke, Texas.
The purchase includes the restaurant building, the two-story office complex, and furniture, fixtures, and equipment for the restaurant. The property is located at 504 N Oak Street in Roanoke, Texas.
Key Highlights
- Two‑building complex with 9,542 SF under roof: a two‑story multi‑tenant office and a free‑standing restaurant building
- Office has 8 income‑producing suites currently grossing $7,200/month (3 vacancies at the moment)
- Restaurant gross sales over $1,400,000
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
Multi-tenant
Tenancy
Turnkey business
Opportunity
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-building complex includes a restaurant and a two-story multi-tenant office with 8 income-producing suites.
Where is this conventional restaurant located?
The property is located at 504 N Oak Street Roanoke 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‑building complex with 9,542 SF under roof: a two‑story multi‑tenant office and a free‑standing restaurant building; Office has 8 income‑producing suites currently grossing $7,200/month (3 vacancies at the moment); Restaurant gross sales over $1,400,000
