Freestanding Restaurant with
11811 State Hwy 64 E, Tyler, TX 75707
For Sale
Contact for pricing
The sale includes restaurant equipment, food trucks, and the operating business.
Property Size1,920 SF
Lot Size3.52 Acres
Price / SF$286.46
Days on Market16
Property Features for 11811 State Hwy 64 E
General Information
Standard status
Size
Lot size
Property subtype
Financials
Asking Price
Business Included
Site & Location
Traffic Count
Highway Access
Road Access
Additional Details
Equipment Included
Building Details
Year Built
Buildings
Listing Agency:
Scarborough Commercial Real Estate
Listed By:
Samuel Scarborough, CCIM · License TX #687976
(903) 570-7366
Source:
Crexi
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 10 at 6:46AM
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 Scarborough Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding restaurant occupies a 1,920-square-foot building constructed in 2017 on a 3.52-acre parcel. Three covered canopies are on site, and the sale includes the restaurant equipment, food trucks, and business. The acreage extends well beyond the building footprint.
The property fronts State Highway 64 East, with reported traffic of 10,040 vehicles per day. It is near the highway’s intersections with Spur 248 and FM 848, east of Tyler. Nearby destinations include several schools and the Chapel Hill Youth baseball fields.
The property fronts State Highway 64 East, with reported traffic of 10,040 vehicles per day. It is near the highway’s intersections with Spur 248 and FM 848, east of Tyler. Nearby destinations include several schools and the Chapel Hill Youth baseball fields.
Key Highlights
- 1,920‑square‑foot restaurant building constructed in 2017
- 3.52‑acre site with three covered canopies
- Frontage on State Highway 64 East; reported traffic is 10,040 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,967
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,340
$479.3K
Cap Rate 7%
$342,386
$342.4K
Cap Rate 9%
$266,300
$266.3K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$33.6K $17.52/SF
− Vacancy
−$1.7K −$0.88/SF
EGI
$32.0K $16.64/SF
− OpEx
−$8.0K −$4.16/SF
NOI
$24.0K $12.48/SF
Area
Tyler, TX
Vacancy
5.00%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,340
Cap Rate 7%
$342,386
Cap Rate 9%
$266,300
Alternative Uses
Best Use
Specialty Retail
$342.4K
$299.6K – $399.5K
NOI $23,967 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$428.5K
$375.0K – $500.0K
NOI $29,998 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
10,040 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
SUBWAY
Dining
1,932 visits/mo
0.2 miles
Demographics for 75707, TX
16,620
Population
6,858
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
92%
High-School Grad
52.4 sq mi
ZIP Area
317
Density / Sq Mi
$85,406
Median Household Income
$44,425
Median Earnings
$1,415
Median Rent
$256,300
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale includes restaurant equipment, food trucks, and the operating business.
Where is this conventional restaurant located?
The property is located at 11811 State Hwy 64 E Tyler, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,920‑square‑foot restaurant building constructed in 2017; 3.52‑acre site with three covered canopies; Frontage on State Highway 64 East; reported traffic is 10,040 vehicles per day
