Building Details

Year Built 1987

Buildings 1

Listing Agency: Solutions Realty LLC

Listed By: Nickie Washburn Show Phone

Source: Granburyhomefinder

Added: Sep 29 Changed: Oct 6 Last Checked: Oct 7 at 12:42PM

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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 Solutions Realty LLC

Investment Insights

Based on property information with market context.

This restaurant property at 509 N Pecan St in Bells includes a covered patio and a circular driveway with parking. The building was constructed in 1987 and has previously operated as a restaurant. The parcel contains approximately 0.296 acres.

Key Highlights

• Covered patio
• Circular driveway with parking
• Previously used as a restaurant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,227

Cap Rate

5.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$284,540 $284.5K

Cap Rate 7%

$203,243 $203.2K

Cap Rate 9%

$158,078 $158.1K

Market Conditions

NOI Build-Up for 800 SF

Gross rent

$20.0K $24.96/SF

− Vacancy

−$998 −$1.25/SF

EGI

$19.0K $23.71/SF

− OpEx

−$4.7K −$5.93/SF

NOI

$14.2K $17.78/SF

Area

Grayson County, TX

Vacancy

5.00%

Lease Rate

$24.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$284,540

Cap Rate 7%

$203,243

Cap Rate 9%

$158,078

Alternative Uses

Best Use

Specialty Retail

$203.2K

$177.8K – $237.1K (±1% cap)

NOI $14,227 @ 7.0% cap · market cap 5.17%

Second Best

—

—

no second resolved use

Theoretical Best

Hotel Hospitality

$410.4K

$359.1K – $478.8K (±1% cap)

NOI $28,728 @ 7.0% cap · market cap 10.45%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

1836 Café Cafe & Coffee Shop

Suggested Use

Top Pick HVAC Service Auto Repair Shop Electrical Service Real Estate Agency Plumbing Service Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

85

Businesses Nearby

5k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 78% Dining 22%

Dollar General Shops & Services

4,050 visits/mo 0.5 miles

SUBWAY Dining

1,139 visits/mo 0.2 miles

Demographics for 75414, TX

3,507

Population

1,540

Households

2.3

Avg Household Size

42

Median Age

27%

College-Educated

95%

High-School Grad

49.5 sq mi

ZIP Area

71

Density / Sq Mi

$84,685

Median Household Income

$49,211

Median Earnings

$883

Median Rent

$223,100

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - A circular driveway provides on-site access and parking alongside the outdoor seating area.

Where is this conventional restaurant located?

The property is located at 509 N Pecan St Bells, TX.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Covered patio; Circular driveway with parking; Previously used as a restaurant