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    1616 Farmers Rd Rogers, TX 76519

    Sponsored
    For Sale
    $600,000

    Established BBQ joint, 1836 sq ft, Texas.

    Property size:
    1,836 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional turnkey restaurant opportunity presents a well-established Cyclone Corral BBQ, boasting a rich history of over 40 years in Central Texas. The property encompasses a 1,836 square foot building featuring a fully equipped kitchen, spacious indoor dining and bar areas, and substantial outdoor amenities. The expansive 4.319-acre lot includes a significant 6,600+ square foot covered outdoor dining area, perfect for accommodating large crowds. A large pit area and both indoor and outdoor kitchens add to the operational efficiency. The building, renovated in 2021, is a single-story structure situated on a 3.23-acre restaurant site, complemented by an additional 1.089 acres of graveled parking. Conveniently located between Temple and Rogers in East Bell County, Texas, this property offers a prime location with excellent visibility and accessibility. The sale includes all real estate, the established business, fixtures, furniture, equipment, and existing inventory. The 2023 real property tax assessment was $5,041.54. Financial details are available upon request. This is a rare chance to acquire a thriving, long-standing business with significant potential for continued growth. The property is zoned for its current use.

    Property Features for 1616 Farmers Rd

    General Information

    Property type
    Restaurants
    Square Feet
    1,836 SF
    Class
    C
    Lot Size
    188,136 SF

    Building Details

    Year Renovated
    2021
    Stories
    1

    We can help!

    Listing Contact
    David Jirasek, ALC, CCIM
    David Jirasek, ALC, CCIM

    Learn more

    HighLights

    • $600,000 asking price for a turn‑key BBQ restaurant.
    • 1,836 square foot retail building on a 4.319‑acre lot.
    • Renovated in 2021, featuring indoor/outdoor dining and kitchen areas.
    • Located in Burlington, TX (Bell County), between Temple and Rogers.
    • Includes real estate, business, fixtures, furniture, and equipment (FF&E), and inventory.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Rogers
    County
    Bell
    State
    Texas
    Longitude
    -97.1508724
    Latitude
    31.026967

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    FAQs

    What type of property is this?
    Restaurant - Established BBQ joint, 1836 sq ft, Texas.
    Where is this restaurant located?
    The property is located at 1616 Farmers Rd Rogers, TX.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: $600,000 asking price for a turn-key BBQ restaurant.; 1,836 square foot retail building on a 4.319-acre lot.; Renovated in 2021, featuring indoor/outdoor dining and kitchen areas.
    Request Owner's contact information
    1616 Farmers Rd Rogers, TX 76519
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    Rogers, TX 76519
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    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
    1616 Farmers Rd Rogers, TX 76519
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    We can help!
    Listing Contact
    David Jirasek, ALC, CCIM
    David Jirasek, ALC, CCIM
    Real Estate License ID: TX 9010446
    Learn more
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