Retail Storefront
For Sale
$2,065,000
923 N Avenue G, Clifton, TX 76634
For sale retail storefront property with a stated 5.75% cap rate and 10+ years remaining.
Property Size7,225 SF
Price / SF$285.81
Days on Market81
Property Features for 923 N Avenue G
General Information
Standard status
Active
Size
7,225 SF
Property subtype
Auto Parts
Lease Type
NN
Additional Details
Cap Rate
5.75%
Amenities
LONG-TERM NNN LEASE WITH RENT GROWTH
CORPORATE GUARANTEED & INVESTMENT GRADE TENANT
RECESSION-RESISTANT RETAILER
PASSIVE INVESTMENT STRUCTURE
STRONG TRAFFIC EXPOSURE
Building Details
Building Size
7,225 SF
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Drew Isaac · License #License(s): CO: FA100023779
(303) 328-2048
Source:
Marcusmillichap
Added: Jun 17
Changed: Sep 5
Last Checked: Sep 5 at 3:58AM
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 Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
This retail storefront property is being offered for sale at 923 N Ave G in Clifton, Texas. Public remarks indicate a 5.75% cap rate and 10+ years remaining.
The property is listed as a commercial retail asset with an overall size of 7,225 square feet. Additional specifics on configuration or tenant layout were not provided in the available information.
The property is listed as a commercial retail asset with an overall size of 7,225 square feet. Additional specifics on configuration or tenant layout were not provided in the available information.
Key Highlights
- Retail storefront property built in 2021
- Listing notes a 5.75% cap rate
- Listing notes 10+ years remaining
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
$84,192
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
4.08%
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%
$1,683,840
$1.7M
Cap Rate 7%
$1,202,743
$1.2M
Cap Rate 9%
$935,467
$935.5K
Market Conditions
NOI Build-Up for 7,225 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
$134.4K $18.60/SF
− Vacancy
−$14.1K −$1.95/SF
EGI
$120.3K $16.65/SF
− OpEx
−$36.1K −$4.99/SF
NOI
$84.2K $11.65/SF
Area
Bosque County, TX
Vacancy
10.50%
Lease Rate
$18.60 /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%
$1,683,840
Cap Rate 7%
$1,202,743
Cap Rate 9%
$935,467
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $84,192 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.22M
NOI $133,431 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76634, TX
7,313
Population
3,660
Households
2
Avg Household Size
52
Median Age
29%
College-Educated
87%
High-School Grad
284.0 sq mi
ZIP Area
26
Density / Sq Mi
$72,654
Median Household Income
$41,075
Median Earnings
$920
Median Rent
$190,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Pippy’s Petals — 406 N Avenue G, Clifton, TX 76634
- Blossom Shop — 307 W 3rd St, Clifton, TX 76634
Frequently Asked Questions
What type of property is this?
Storefront property - For sale retail storefront property with a stated 5.75% cap rate and 10+ years remaining.
Where is this storefront property located?
The property is located at 923 N Avenue G Clifton, TX.
What is the asking price?
The asking price for this property is $2,065,000.
What are key features of this property?
This property features: Retail storefront property built in 2021; Listing notes a 5.75% cap rate; Listing notes 10+ years remaining
