Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Turnkey Restaurant and Bar Title is generated by Realmo AI

    601 S COMMERCIAL Avenue, Coleman, TX 76834

    View on Map
    Claim this Listing
    For Sale
    $750,000

    COMMERCIAL - Coleman, TX

    Lot size:
    0.39 Acres
    Added:
    May 15, 2026
    Days on Market:
    19
    Last Refresh:
    Jun 2 at 11:06 pm

    Property Features for 601 S COMMERCIAL Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Driveway, Parking Lot, Assigned
    Security features
    Security
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    R15782
    Lot size
    0.39 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Electric, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    BoardAndBattenSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Gaylene Garrison

    Listing agent Gaylene Garrison License #0704617

    Listing office Horizon Properties Austin, TX

    Listing date May 15, 2026

    MLS# 21179248

    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.

    HighLights

    • Established restaurant and bar for sale
    • Metal roof and board‑and‑batten siding
    • Central heating and central air conditioning with ceiling fans
    • Public water supply and public sewer
    • On‑site parking includes a driveway, parking lot, and assigned parking
    • Accessible approach with ramp

    Overview

    This established restaurant and bar offers a turnkey operation designed to start generating income quickly. The property features a covered patio, a spacious deck, and game amenities including pool tables, creating an atmosphere built for repeat customers. The operation is presented as ready for a new owner looking for a functioning food and beverage business.

    Positioned in a high-traffic location in Coleman, Texas, the site benefits from strong visibility and consistent drive-by appeal. The surrounding retail and street environment supports an everyday dining and social experience, with the outdoor areas providing additional guest seating options.

    For buyers seeking a turnkey food and beverage acquisition, this is a practical opportunity that combines an established concept with on-site entertainment elements. Interested parties should review the seller’s terms in advance, including that there is no owner financing and that offers must be submitted by email. Texting is for appointment coordination only, and private tours are available through the listing agent for qualified buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coleman
    County
    Coleman
    State
    Texas
    Longitude
    -99.422644
    Latitude
    31.826168

    Nearby Similar for Sale

    • $240,000
      10,000 SF

      Downtown Coleman Retail Opportunity

      Two-story, 10,000 sq ft retail property in historic downtown Coleman.
      217 S Commercial Avenue, Coleman, TX 76834
      View Details
    • $900,000

      Turnkey Auto Shop with Four Bays

      Turnkey oil-change and minor mechanical business with a metal shop, four large bays, and room for continued growth.
      112 Santa Anna Avenue, Coleman, TX 76834
      View Details
    • $164,900
      1,756 SF

      Turnkey Commercial Property in Coleman, TX

      Functional business space with excellent visibility and income potential.
      1606 Commercial, Coleman, TX 76834
      View Details
    • $900,000
      3,622 SF

      Established Auto Shop in Coleman

      Turnkey auto shop with 1.07 acres in Coleman, TX.
      112 Santa Anna St, Coleman, TX 76834
      View Details
    • $129,999
      10,000 SF

      Historic Retail Property in Coleman, TX

      Historic property with retail and workshop spaces near downtown.
      115 E Pecan Street, Coleman, TX 76834
      View Details
    • $995,000
      2,584 SF

      Texas Ranch with Large Shop

      30-acre ranch in Coleman County with a spacious home.
      839 FM 2131, Coleman, TX 76834
      View Details
    • $995,000

      Turnkey BBQ Restaurant Corner Property

      Turnkey BBQ restaurant with a fully equipped commercial kitchen, bar area, and ample front parking on a high-visibility corner.
      420 S Commercial Avenue, Coleman, TX 76834
      View Details
    • $290,000
      796 SF

      Fully Occupied RV Park

      Cash-flowing 20-site RV park outside city limits.
      2089 Fm 2131, Coleman, TX 76834
      View Details
    • $150,000
      2,400 SF

      Versatile Property in Coleman, Texas

      2,400 sq ft property suitable for residential or commercial use.
      775 County Road 194, Coleman, TX 76834
      View Details
    • $180,000

      Downtown Retail Storefront with New Roof

      Retail storefront opportunity with a 2023 roof and 10-year warranty in downtown Coleman.
      108 S COMMERCIAL Avenue, Coleman, TX 76834
      View Details
    • $399,000

      Unique Miniature Golf Course Opportunity

      Commercial opportunity with miniature golf, batting cages, and development potential.
      516 E Liveoak, Coleman, TX 76834
      View Details
    • $900,000
      3,000 SF

      Established Auto Shop For Sale

      Turnkey auto shop business with real estate in Coleman, TX.
      112 Santa Anna Avenue, Coleman, TX 76834
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Established restaurant and bar with a covered patio, deck, and games for an immediately operational setup.
    Where is this bar & pub located?
    The property is located at 601 S COMMERCIAL Avenue Coleman, TX.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Established restaurant and bar for sale; Metal roof and board‑and‑batten siding; Central heating and central air conditioning with ceiling fans
    (512) 293-3885
    We can help!
    Listing Contact
    Gaylene Garrison
    Real Estate License ID: 0704617
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    601 S COMMERCIAL Avenue, Coleman, TX 76834
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!