Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    108 Johnson St Mineola, TX 75773

    • Commercial real estate
    • 4,980 SF
    • 0.06 lot acres
    For Sale
    View listing
    $950,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6596320
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 108 Johnson St

    Lot size
    0.06 lot acres
    Property size
    4,980 SF
    Property type
    Commercial real estate
    APN
    35589
    APU
    35589

    Description

    Exceptional opportunity to acquire the established RNA Tavern in Mineola, Texas. This Class A, 3,168 square foot business and building, constructed in 2019, boasts a 4.9-star Google rating. The sale includes the business, real estate, fixtures, furniture, and equipment (FFE), and inventory. A key feature is a unique "speak easy" style humidor concealed behind a bookcase. The property also includes a two-bedroom, one-bathroom apartment currently generating income through Airbnb rentals. The tavern features a large bar with high-end finishes and ample seating. The current general manager is willing to remain with the new owner, ensuring a smooth transition. This turnkey operation presents a compelling investment opportunity with significant potential for growth. Located at 108 S Johnson St, Mineola, TX 75773, this property is priced at $950,000 ($299.87/sq ft). The two-story building offers a blend of commercial and residential space, creating a unique and lucrative investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $366,000
      Market price range: $245k - $699k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mineola
    County
    Wood
    State
    Texas
    Longitude
    -95.4889
    Latitude
    32.6639

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $81
    $4,980
    $199,020
    $204,000
    -
    $4,980
    $199,020
    $204,000

    Comparable in this City

    • Value Estimation
      $255,000
      0.59 Acres

      1010 Broad St

      COMMERCIAL (GENERAL) • 0.59 Acres
      1010 Broad St, Mineola, TX 75773-2610
      View Details
    • Value Estimation
      $255,000
      0.03 Acres

      101 Johnson St

      COMMERCIAL (GENERAL) • 0.03 Acres
      101 Johnson St, Mineola, TX 75773-2014
      View Details
    • Value Estimation
      $275,000
      1,197 SF

      80 Hwy Mex Tex Plz

      COMMERCIAL (GENERAL) • 1,197 SF
      80 Hwy Mex Tex Plz, Mineola, TX 75773
      View Details
    • Value Estimation
      $265,000
      1,910 SF

      Mineola, TX 75773

      COMMERCIAL (GENERAL) • 1,910 SF
      Mineola, TX 75773
      View Details
    • Value Estimation
      $245,000
      480 SF

      Pacific

      COMMERCIAL (GENERAL) • 480 SF
      Pacific, Mineola, TX 75773
      View Details
    • Value Estimation
      $260,000
      6,210 SF

      Mineola, TX 75773

      COMMERCIAL (GENERAL) • 6,210 SF
      Mineola, TX 75773
      View Details

    Similar Nearby for Sale

    • $950,000
      3,168 SF

      Mineola, TX Commercial Land Investment

      Thriving Tavern & Apartment Included
      108 Johnson St, Mineola, TX 75773
      View Details
    • $480,000
      24.00 Acres

      Prime 24-Acre Texas Ranch

      Hunt, build, & farm: idyllic Texas land.
      1 County Road 484, Mineola, TX 75773
      View Details
    • Contact for pricing
      1.00 Acre

      Hwy 69 Mineola Commercial Land

      Prime pad sites, 1-15 acres, Hwy 69 access.
      1826 Us Highway 69, Mineola, TX 75773
      View Details
    • $275,000
      1.22 Acres

      Prime Mineola Commercial Land

      1.22 Acres, High Traffic Location
      1419 Pacific St, Mineola, TX 75773
      View Details
    • Contact for pricing
      0.75 Acres

      Unimproved Land in Mineola, TX

      0.75 acre of unimproved land for sale.
      3 Loop 564, Mineola, TX 75773
      View Details
    • Contact for pricing
      0.53 Acres

      Residential Land in Tuscany Park

      Tree-covered lot with water views in Mineola's Tuscany Park.
      Tdb Cr 2307, Mineola, TX 75773
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      2,380 SF

      Equipped Auto Shop in Mineola

      2,380 SF auto shop with lifts and bays.
      645 Loop 564, Mineola, TX 75773
      View Details
    • $12 SF/Yr
      18,800 SF

      Stonebriar Center Retail Space

      Prime Mineola retail space, 7,800 sq ft.
      344 Loop 564, Mineola, TX 75773
      View Details
    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.
    108 Johnson St
    Mineola, TX 75773
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.