Brick Convenience Store with
For Sale
$699,900
701 Lincoln Ave, Robstown, TX 78380
CommercialSale, Robstown, TX
Property Size2,000 SF
Lot Size0.33 Acres
Price / SF$349.95
Days on Market968
Property Features for 701 Lincoln Ave
General Information
Property type
Commercial Sale
Property subtype
Office
Security features
Security
Subdivision
HOME PLACE
Lot features
Corner Lot
Standard status
Active
APN
35250007011000
Size
2,000 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Description
HOME PLACE - RBST BLK 7 LOT 11&12
Legal Description
HOME PLACE - RBST BLK 7 LOT 11&12
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Building materials
Brick
Roof type
Metal
Listing Agency:
National One Realty
(361) 806-9004
Listed By:
Annette Scott · License #0429926
(512) 803-7889
Added: Jan 25, 2024
Changed: Sep 16
Last Checked: Sep 19 at 12:06PM
MLS# 434348
Copyright © 2026 South Texas Multiple Listing Service, LLC. 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 convenience store property at 701 Lincoln Ave in Robstown includes a 2,000-square-foot brick building constructed in 1984. The facility has a covered drive-through service area, paved parking, four store entrances, and a metal roof. Central electric heating and central air conditioning serve the building, with public water and public sewer connected.
The property occupies a 0.33-acre corner site along Lincoln Avenue and US-77 Business in Robstown, Texas. Access is provided from two separate roads, supporting convenient entry to the retail facility. The existing improvements are configured for neighborhood convenience retail and drive-through service.
The property occupies a 0.33-acre corner site along Lincoln Avenue and US-77 Business in Robstown, Texas. Access is provided from two separate roads, supporting convenient entry to the retail facility. The existing improvements are configured for neighborhood convenience retail and drive-through service.
Key Highlights
- 2,000‑square‑foot brick convenience store building
- 0.33‑acre corner site at 701 Lincoln Ave, Robstown, TX 78380
- Covered drive‑through service area
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
$35,306
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
5.04%
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%
$706,120
$706.1K
Cap Rate 7%
$504,371
$504.4K
Cap Rate 9%
$392,289
$392.3K
Market Conditions
NOI Build-Up for 2,000 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
$49.9K $24.96/SF
− Vacancy
−$2.8K −$1.42/SF
EGI
$47.1K $23.54/SF
− OpEx
−$11.8K −$5.88/SF
NOI
$35.3K $17.65/SF
Area
Nueces County, TX
Vacancy
5.70%
Lease Rate
$24.96 /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%
$706,120
Cap Rate 7%
$504,371
Cap Rate 9%
$392,289
Alternative Uses
Best Use
Specialty Retail
$504.4K
$441.3K – $588.4K
NOI $35,306 @ 7.0% cap · market cap 5.04%
Second Best
Retail
$412.8K
$361.2K – $481.7K
NOI $28,899 @ 7.0% cap · market cap 4.13%
Theoretical Best
Warehouse
$2.07M
$1.81M – $2.41M
NOI $144,848 @ 7.0% cap · market cap 20.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
376
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78380, TX
23,386
Population
9,557
Households
2.4
Avg Household Size
38
Median Age
12%
College-Educated
78%
High-School Grad
342.7 sq mi
ZIP Area
68
Density / Sq Mi
$59,322
Median Household Income
$34,709
Median Earnings
$1,001
Median Rent
$141,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established corner retail facility with covered drive-through service, paved parking, and access from two roads.
Where is this grocery and convenience store located?
The property is located at 701 Lincoln Ave Robstown, TX.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 2,000‑square‑foot brick convenience store building; 0.33‑acre corner site at 701 Lincoln Ave, Robstown, TX 78380; Covered drive‑through service area
