Historic Retail Building with Outdoor
For Sale
$599,000
5st-107 E Haning St, Howe, TX 75459
Landmark building with large storefront windows and three entrances, plus outdoor patio, garage, and loading dock.
Property Size3,300 SF
Price / SF$181.52
Days on Market60
Property Features for 5st-107 E Haning St
General Information
Standard status
Active
Size
3,300 SF
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,107
Amenities
large storefront windows
three separate entrances
outdoor patio
garage
loading dock
Listing Agency:
United Real Estate DFW
Listed By:
Amy Gibbs · License #0716240
(817) 360-8499
Source:
Exprealty
Added: Jul 10
Changed: Sep 3
Last Checked: Sep 7 at 11:34AM
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 United Real Estate DFW
Investment Insights
Based on property information with market context.
A historic landmark dating back to the 1890s train-depot era, this building offers character and versatility for multiple commercial uses. The property includes original features such as authentic shiplap, vintage ceiling tiles, hardwood floors, and hand-forged nails, along with updated plumbing, electrical, and HVAC systems. Interior space and exterior area include an outdoor patio, garage, and loading dock, with large storefront windows and three separate entrances.
The flexible layout is suited for a bar, restaurant, retail shop, or office space. The building can also be subdivided into up to three individual units, creating multiple configuration and ownership options. One unit is currently an income-producing studio apartment available for onsite rental, with the ability to be reconfigured into business use if desired.
Showings require an appointment with overnight notice and must be scheduled outside of current business operating hours. Please do not approach or disturb employees with sales or viewing questions.
The flexible layout is suited for a bar, restaurant, retail shop, or office space. The building can also be subdivided into up to three individual units, creating multiple configuration and ownership options. One unit is currently an income-producing studio apartment available for onsite rental, with the ability to be reconfigured into business use if desired.
Showings require an appointment with overnight notice and must be scheduled outside of current business operating hours. Please do not approach or disturb employees with sales or viewing questions.
Key Highlights
- Landmark historic downtown Howe building dating to the 1890s train‑depot era
- Over 3,300 SF of interior space plus 2,200+ SF exterior space, including outdoor patio, garage, and loading dock
- Original features include authentic shiplap, vintage ceiling tiles, hardwood floors, and hand‑forged nails
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
$54,775
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
9.14%
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%
$1,095,500
$1.1M
Cap Rate 7%
$782,500
$782.5K
Cap Rate 9%
$608,611
$608.6K
Market Conditions
NOI Build-Up for 3,300 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
$82.4K $24.96/SF
− Vacancy
−$4.1K −$1.25/SF
EGI
$78.2K $23.71/SF
− OpEx
−$23.5K −$7.11/SF
NOI
$54.8K $16.60/SF
Area
Grayson County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,095,500
Cap Rate 7%
$782,500
Cap Rate 9%
$608,611
Alternative Uses
Best Use
Specialty Retail
$838.4K
$733.6K – $978.1K
NOI $58,687 @ 7.0% cap · market cap 9.80%
Second Best
Retail
$782.5K
$684.7K – $912.9K
NOI $54,775 @ 7.0% cap · market cap 9.14%
Theoretical Best
Hotel Hospitality
$1.69M
$1.48M – $1.98M
NOI $118,503 @ 7.0% cap · market cap 19.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75459, TX
5,556
Population
2,448
Households
2.3
Avg Household Size
34
Median Age
23%
College-Educated
85%
High-School Grad
81.8 sq mi
ZIP Area
68
Density / Sq Mi
$71,458
Median Household Income
$42,462
Median Earnings
$1,264
Median Rent
$248,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Restautante.mexican — 919 farmington rd, howe, tx 75459
Frequently Asked Questions
What type of property is this?
Bar & Pub - Landmark building with large storefront windows and three entrances, plus outdoor patio, garage, and loading dock.
Where is this bar & pub located?
The property is located at 5st-107 E Haning St Howe, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Landmark historic downtown Howe building dating to the 1890s train‑depot era; Over 3,300 SF of interior space plus 2,200+ SF exterior space, including outdoor patio, garage, and loading dock; Original features include authentic shiplap, vintage ceiling tiles, hardwood floors, and hand‑forged nails
