Restaurant with Covered
For Sale
$275,000
509 N Pecan Street, Bells, TX 75414
CommercialSale, Bells, TX
Property Size800 SF
Lot Size0.26 Acres
Price / SF$343.75
Days on Market9
Property Features for 509 N Pecan Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Driveway
Subdivision
G-5550
Directions
From US-82: Take the exit toward Bells. Continue south into Bells and the property will be on the right-hand side just past the light. Located right off HWY 69 just across from the carwash.
Standard status
Active
APN
138196
Size
800 SF
Lot size
0.26 Acres
Utilities
Sewer type
Public Sewer
Amenities
covered patio area
Building Details
Year built
1987
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
AluminumSiding
Roof type
Metal
Listing Agency:
Solutions Realty LLC
Listed By:
Nickie Washburn
(903) 422-9290
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 8 at 7:06AM
MLS# 21398776
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.
This restaurant property includes a covered patio and a circular driveway. The building was constructed in 1987, with aluminum siding, concrete flooring, and a metal roof. Public sewer service is available. The site has previously operated as a restaurant.
Key Highlights
- Covered patio area
- Circular driveway with driveway 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
NOI $14,227 @ 7.0% cap · market cap 5.17%
Second Best
Retail
$189.7K
$166.0K – $221.3K
NOI $13,279 @ 7.0% cap · market cap 4.83%
Theoretical Best
Hotel Hospitality
$410.4K
$359.1K – $478.8K
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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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - A circular drive provides vehicle access, and the property is served by public sewer.
Where is this conventional restaurant located?
The property is located at 509 N Pecan Street 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 area; Circular driveway with driveway parking; Previously used as a restaurant
