Technical
Financial
Distress signals
Property profile

121 Oak St West, TX 76691

OFF-MARKET
Commercial real estate
Property ID
US82-2159246
5,000 SF 0.16 ac lot Built 1903
Individually Owned 7-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 5,000-square-foot property located at 121 E Oak Street in West, Texas, presents a rare opportunity to acquire a piece of local history. Built in 1903, this tavern boasts over 65 years of continuous family ownership and operation, creating a rich tapestry of stories and memories. The building's character is undeniable, with weathered wooden floors and ceilings transporting patrons to a bygone era. The expansive bar, complemented by gathering tables, pool tables, and games, has long served as a popular gathering place for locals and visitors alike. Featured in several publications throughout its history, Mynar's Bar offers a unique blend of charm and established clientele. The 0.16-acre lot provides ample space for potential expansion or outdoor seating. With its substantial square footage, the property's potential extends beyond its current use, offering a versatile space for a variety of businesses. The sale includes both the building and the established business. This is a truly remarkable opportunity to own a piece of West, Texas' vibrant heritage and capitalize on its established reputation. The asking price is $780,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1903
Construction BRICK
Total area 5,000 SF
Lot 0.16 ac (7,013 SF)
Zoning code C
APN 500001000021000
UPID US82-2159246

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

121 Oak St West, TX 76691-1221
West metro Census 4201 WACO, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2019
6 recorded transactions
2019
Price N/A
2006
Price N/A
2005
Price N/A
2004
Price N/A
2004
Price N/A
2004
Price N/A

Zoning & alternative use

C · West, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 121 Oak St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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