Restaurant and Catering Facility For
For Sale
Contact for pricing
9675 Helms Trail, Forney, TX 75126
Operating restaurant with catering facility on 1.93 acres.
Property Size2,595 SF
Lot Size1.93 Acres
Price / SF$537.57
Days on Market903
Property Features for 9675 Helms Trail
General Information
Standard status
Active
Size
2,595 SF
Lot size
1.93 Acres
Property subtype
Retail
Occupancy
60%
Lease Type
NNN
Listing Agency:
Woodring Commercial
Listed By:
Greg Woodring · License #9015177
Source:
Crexi
Added: Apr 18, 2024
Changed: Oct 1
Last Checked: Oct 5 at 3:08PM
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 Woodring Commercial
Investment Insights
Based on property information with market context.
This property features a 2,595 square-foot operating restaurant currently under a new 5-year lease, along with a detached 1,500 square-foot fully equipped catering facility. The catering facility is currently vacant, presenting a value-added potential through leasing. Adjacent to the warehouse is an outdoor fenced storage area. The proforma CAP rate is 8.6%. The indoor/outdoor venue is suitable for nightly and weekly activities, games, and live bands. Two large commercial meat smokers, approximately 20 feet in length, are included in the sale. Both buildings are situated on approximately 1.93 acres.
Key Highlights
- Operating restaurant with a new 5‑year lease in place.
- Detached 1,500 SF fully equipped catering facility.
- 1.93 acre property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,392
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,840
$927.8K
Cap Rate 7%
$662,743
$662.7K
Cap Rate 9%
$515,467
$515.5K
Market Conditions
NOI Build-Up for 2,595 SF
Gross rent
$64.8K $24.96/SF
− Vacancy
−$2.9K −$1.12/SF
EGI
$61.9K $23.84/SF
− OpEx
−$15.5K −$5.96/SF
NOI
$46.4K $17.88/SF
Area
Kaufman County, TX
Vacancy
4.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,840
Cap Rate 7%
$662,743
Cap Rate 9%
$515,467
Alternative Uses
Best Use
Specialty Retail
$662.7K
$579.9K – $773.2K
NOI $46,392 @ 7.0% cap · market cap 3.33%
Second Best
Industrial
$238.6K
$208.7K – $278.3K
NOI $16,699 @ 7.0% cap · market cap 1.20%
Theoretical Best
Multifamily LT 5
$32.66M
$28.58M – $38.10M
NOI $2,286,147 @ 7.0% cap · market cap 163.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Dining 10%
Shell
Shops & Services
12,002 visits/mo
0.2 miles
Domino's Pizza
Dining
1,268 visits/mo
0.2 miles
Demographics for 75126, TX
64,573
Population
24,316
Households
2.7
Avg Household Size
32
Median Age
36%
College-Educated
92%
High-School Grad
81.6 sq mi
ZIP Area
791
Density / Sq Mi
$104,001
Median Household Income
$55,453
Median Earnings
$1,930
Median Rent
$337,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Operating restaurant with catering facility on 1.93 acres.
Where is this conventional restaurant located?
The property is located at 9675 Helms Trail Forney, TX.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Operating restaurant with a new 5‑year lease in place.; Detached 1,500 SF fully equipped catering facility.; 1.93 acre property.
