Conventional Restaurant with Kitchen
For Sale
$205,000
735 Ave E, Hawley, TX 79525
Furniture, fixtures, and commercial kitchen equipment convey with the property.
Property Size1,824 SF
Days on Market193
Property Features for 735 Ave E
General Information
Standard status
Active
Size
1,824 SF
Class
C
Property subtype
Restaurant
Additional Details
Furnished
Yes
Equipment Included
Yes
Building Details
Building Size
1,824 SF
Year Built
1986
Properties For Sale
at 735 Ave E Contact us- Size
- 1,824 SF
- Lease Type
- NNN
735 Ave E
Listing Agency:
Paul Johnson & Associates
(325) 698-5661
Listed By:
Erik Johnson · License #0415535
(325) 698-5661
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 1:46PM
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 Paul Johnson & Associates
Investment Insights
Based on property information with market context.
This conventional restaurant property includes the real estate along with its furniture, fixtures, and equipment. The main dining room accommodates approximately 35 guests, while a separate area can support overflow seating or provide additional storage. Kitchen improvements include prep space, storage, fryers, warmers, freezers, and coolers suited to food-service operations.
The property is located in Hawley, approximately 12 miles north of Abilene and 11 miles southeast of Anson. U.S. Routes 83 and 277 run concurrently along the city’s southwestern edge. The building was constructed in 1986 and previously operated as Heaven Scent Donuts.
The property is located in Hawley, approximately 12 miles north of Abilene and 11 miles southeast of Anson. U.S. Routes 83 and 277 run concurrently along the city’s southwestern edge. The building was constructed in 1986 and previously operated as Heaven Scent Donuts.
Key Highlights
- Approximately 35 seats in the main dining area
- Furniture, fixtures, and equipment convey with the real estate
- Commercial kitchen includes fryers, warmers, freezers, and coolers
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
$18,222
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
8.89%
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%
$364,440
$364.4K
Cap Rate 7%
$260,314
$260.3K
Cap Rate 9%
$202,467
$202.5K
Market Conditions
NOI Build-Up for 1,824 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
$26.3K $14.40/SF
− Vacancy
−$2.0K −$1.08/SF
EGI
$24.3K $13.32/SF
− OpEx
−$6.1K −$3.33/SF
NOI
$18.2K $9.99/SF
Area
Jones County, TX
Vacancy
7.50%
Lease Rate
$14.40 /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%
$364,440
Cap Rate 7%
$260,314
Cap Rate 9%
$202,467
Alternative Uses
Best Use
Specialty Retail
$260.3K
$227.8K – $303.7K
NOI $18,222 @ 7.0% cap · market cap 8.89%
Second Best
Industrial
$176.7K
$154.7K – $206.2K
NOI $12,372 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$407.2K
$356.3K – $475.1K
NOI $28,507 @ 7.0% cap · market cap 13.91%
Zoning and permitted uses should be independently verified with authorities.
Property 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 100%
Dollar General
Shops & Services
4,935 visits/mo
0.4 miles
Demographics for 79525, TX
2,902
Population
1,241
Households
2.3
Avg Household Size
41
Median Age
15%
College-Educated
83%
High-School Grad
98.3 sq mi
ZIP Area
30
Density / Sq Mi
$88,972
Median Household Income
$36,157
Median Earnings
$593
Median Rent
$123,800
Median Home Value
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 - Furniture, fixtures, and commercial kitchen equipment convey with the property.
Where is this conventional restaurant located?
The property is located at 735 Ave E Hawley, TX.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Approximately 35 seats in the main dining area; Furniture, fixtures, and equipment convey with the real estate; Commercial kitchen includes fryers, warmers, freezers, and coolers
