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    121 Henderson St Rusk, TX 75785

    Sponsored
    For Sale
    $190,000

    Historic Downtown Restaurant, High ROI Potential

    Property size:
    2,520 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a charming, two-story, 2,520 square foot commercial building located at 121 S Henderson St, Rusk, TX 75785, in the heart of downtown Rusk. Currently zoned for commercial use, the property boasts a strong 7.89% cap rate with a projected NOI of $15,000, and a pro-forma cap rate of 10.53% with a projected NOI of $20,000. The ground floor is currently leased to a pie restaurant under a gross lease agreement expiring January 1, 2025 (approximately 0.1 years remaining). The tenant currently pays $1,550 per month and is likely to renew their lease. The upper level is vacant and presents a significant value-add opportunity. This space could be easily converted into a residential apartment, generating additional rental income and further increasing the property's overall return. The building's historical character adds to its unique appeal and potential for future growth within the thriving downtown Rusk area. This property offers a compelling blend of immediate income and significant upside potential for savvy investors seeking a strong return on investment in a desirable Texas location. The asking price is $190,000, translating to a price per square foot of $75.40.

    Property Features for 121 Henderson St

    General Information

    Property type
    Restaurants
    Square Feet
    2,520 SF

    Building Details

    Stories
    2

    HighLights

    • Charming two‑story, 2,520 sq ft commercial building in downtown Rusk, TX.
    • 7.89% cap rate with $15,000 projected NOI; pro‑forma 10.53% cap rate with $20,000 projected NOI.
    • Ground floor leased to a restaurant ($1,550/month, lease expiring January 1, 2025).
    • Vacant upper level offers significant value‑add potential for residential conversion.
    • Asking price: $190,000 ($75.40/sq ft).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rusk
    County
    Cherokee
    State
    Texas
    Longitude
    -95.1490915
    Latitude
    31.7956156

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    FAQs

    What type of property is this?
    Restaurant - Historic Downtown Restaurant, High ROI Potential
    Where is this restaurant located?
    The property is located at 121 Henderson St Rusk, TX.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: Charming two-story, 2,520 sq ft commercial building in downtown Rusk, TX.; 7.89% cap rate with $15,000 projected NOI; pro-forma 10.53% cap rate with $20,000 projected NOI.; Ground floor leased to a restaurant ($1,550/month, lease expiring January 1, 2025).
    Request Owner's contact information
    121 Henderson St Rusk, TX 75785
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    Rusk, TX 75785
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    Realmo Value Estimation

    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.

    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.

    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
    121 Henderson St Rusk, TX 75785
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