Drive-Through
New
For Sale
$675,000
101 N 3rd AVE, Nederland, TX 77627
Nederland, TX
Property Size1,500 SF
Lot Size0.22 Acres
Price / SF$450
Days on Market2
Property Features for 101 N 3rd AVE
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Corner Lot, Freestanding
Elementary school district
Nederland
Middle school district
Nederland
High school district
Nederland
Directions
CORNER OF HWY 347 AND 3RD AVE
Subdivision
Nederland 1
Standard status
Active
Size
1,500 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
kot 10 blk 3 CAROLYN
Legal Description
kot 10 blk 3 CAROLYN
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Floors in Building
1
Flooring type
Tile
Building materials
Concrete Block
Listing Agency:
JLA Realty
(409) 242-1900
Listed By:
John Altic · License #0572287
(281) 744-2611
Added: Oct 2
Last Checked: Oct 3 at 2:06AM
MLS# 271359
Copyright © 2026 Beaumont Board 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 1,500-square-foot restaurant in Nederland includes a drive-through and a kitchen equipped with fire protection equipment. The building has concrete block construction and tile flooring, with central electric heating and central air conditioning.
The property occupies a 0.22-acre site at 101 N 3rd Ave in Nederland, Texas. The business may be purchased with a lease of the property, or the real estate and business may be acquired together.
The property occupies a 0.22-acre site at 101 N 3rd Ave in Nederland, Texas. The business may be purchased with a lease of the property, or the real estate and business may be acquired together.
Key Highlights
- 1,500‑square‑foot restaurant on a 0.22‑acre site
- Drive‑through service
- Kitchen includes fire protection equipment
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
$21,192
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
3.14%
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%
$423,840
$423.8K
Cap Rate 7%
$302,743
$302.7K
Cap Rate 9%
$235,467
$235.5K
Market Conditions
NOI Build-Up for 1,500 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
$30.1K $20.04/SF
− Vacancy
−$1.8K −$1.20/SF
EGI
$28.3K $18.84/SF
− OpEx
−$7.1K −$4.71/SF
NOI
$21.2K $14.13/SF
Area
Jefferson County, TX
Vacancy
6.00%
Lease Rate
$20.04 /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%
$423,840
Cap Rate 7%
$302,743
Cap Rate 9%
$235,467
Alternative Uses
Best Use
Specialty Retail
$302.7K
$264.9K – $353.2K
NOI $21,192 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$16.85M
$14.75M – $19.66M
NOI $1,179,719 @ 7.0% cap · market cap 174.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
4,675 visits/mo
0.2 miles
Demographics for 77627, TX
23,296
Population
9,970
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
93%
High-School Grad
13.2 sq mi
ZIP Area
1,765
Density / Sq Mi
$75,778
Median Household Income
$51,556
Median Earnings
$1,364
Median Rent
$201,200
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?
Drive through restaurant - A 1,500-square-foot restaurant features a drive-through and a kitchen with fire protection equipment.
Where is this drive through restaurant located?
The property is located at 101 N 3rd AVE Nederland, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1,500‑square‑foot restaurant on a 0.22‑acre site; Drive‑through service; Kitchen includes fire protection equipment
