Drive-Through Restaurant
For Sale
$370,000
4951 N Fm 493, Donna, TX 78537
Commercial Sale, Donna, TX
Property Size1,600 SF
Lot Size0.69 Acres
Price / SF$231.25
Days on Market69
Property Features for 4951 N Fm 493
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
16
Parking features
Special Needs
Security features
Security System
Appliances
Water Heater (Propane or Butane)
Subdivision
Santa Clara
Directions
Coming from Interstate 2. Exit on FM 493. Turn Left and head North for about 4-5 minutes (1.8 miles). As soon as you are passing the Julians Adame Elementary School the location should be to your left hand side, corner of N FM 493 and Santa Clara Street.
Standard status
Active
APN
S153300000001400
Size
1,600 SF
Lot size
0.69 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6323
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2019
Floors in Building
1
Building materials
Stucco
Roof type
Metal
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Oscar Canales
(956) 900-5683
Added: Jul 2
Changed: Aug 25
Last Checked: Sep 8 at 8:06AM
MLS# 503420
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This drive-through restaurant property at 4951 N FM 493 in Donna, Texas, includes 1,600 square feet of building area on a 0.6879-acre parcel. The layout supports both dine-in service and drive-through operations, with parking accommodations included on site.
Built in 2019, the building features stucco construction, a metal roof, central heating, and central air conditioning. A propane- or butane-fueled water heater serves the property. Its placement along N FM 493 provides direct roadway exposure and access within Donna, in Hidalgo County.
Built in 2019, the building features stucco construction, a metal roof, central heating, and central air conditioning. A propane- or butane-fueled water heater serves the property. Its placement along N FM 493 provides direct roadway exposure and access within Donna, in Hidalgo County.
Key Highlights
- 1,600‑square‑foot restaurant building on a 0.6879‑acre parcel
- Drive‑through configuration with dine‑in service
- Located at 4951 N FM 493, Donna, TX 78537
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
$23,220
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
6.28%
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%
$464,400
$464.4K
Cap Rate 7%
$331,714
$331.7K
Cap Rate 9%
$258,000
$258.0K
Market Conditions
NOI Build-Up for 1,600 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
$32.8K $20.52/SF
− Vacancy
−$1.9K −$1.17/SF
EGI
$31.0K $19.35/SF
− OpEx
−$7.7K −$4.84/SF
NOI
$23.2K $14.51/SF
Area
Hidalgo County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
25.00%
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%
$464,400
Cap Rate 7%
$331,714
Cap Rate 9%
$258,000
Alternative Uses
Best Use
Specialty Retail
$331.7K
$290.3K – $387.0K
NOI $23,220 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.21M
$1.05M – $1.41M
NOI $84,360 @ 7.0% cap · market cap 22.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 78537, TX
51,962
Population
16,683
Households
3.1
Avg Household Size
28
Median Age
10%
College-Educated
54%
High-School Grad
57.6 sq mi
ZIP Area
902
Density / Sq Mi
$36,331
Median Household Income
$20,354
Median Earnings
$744
Median Rent
$74,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Restaurant facility offering dine-in service, drive-through access, central HVAC, and parking accommodations.
Where is this drive through restaurant located?
The property is located at 4951 N Fm 493 Donna, TX.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 1,600‑square‑foot restaurant building on a 0.6879‑acre parcel; Drive‑through configuration with dine‑in service; Located at 4951 N FM 493, Donna, TX 78537
