Two Retail Properties in
For Sale
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304 & 306 N Main Street, Calvert, TX 77837
Two freestanding retail properties in high-traffic Calvert, Texas.
Property Size3,250 SF
Price / SF$76.92
Days on Market1100
Property Features for 304 & 306 N Main Street
General Information
Standard status
Active
Size
3,250 SF
Property subtype
Retail
Building Details
Year Built
1981
Buildings
2
Stories
1
Listing Agency:
Oldham Goodwin Group
Listed By:
Freddy Alonso · License #0722949
Source:
Crexi
Added: Sep 5, 2023
Changed: Sep 6
Last Checked: Sep 7 at 1:28PM
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 Oldham Goodwin Group
Investment Insights
Based on property information with market context.
Two freestanding retail properties are available on North Main Street in Calvert, Texas. Located in a high-traffic area with over 12,244 vehicles per day on State Highway 6, the properties include a 3,250-square-foot building at 304 North Main Street, which is a fully equipped restaurant with a drive-thru. This property is suitable for a fast-food restaurant, coffee shop, or other retail business requiring a drive-thru. The second property, located at 306 North Main Street, is a multi-use building with a large garage and roll-up door. This versatile property could accommodate a car dealership, warehouse, or light industrial business. Both properties are near the historic downtown district of Calvert, a town with a small vibrant community and various amenities, including restaurants, shops, schools, and parks.
Key Highlights
- High‑traffic location with over 12,244 vehicles per day (VPD) on State Highway 6.
- 304 North Main Street is a fully equipped restaurant with a drive‑thru, ideal for fast food or coffee shop.**
- 306 North Main Street is a multi‑use building with a large garage and roll‑up door, suitable for various businesses.
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
$21,929
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
8.77%
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%
$438,580
$438.6K
Cap Rate 7%
$313,271
$313.3K
Cap Rate 9%
$243,656
$243.7K
Market Conditions
NOI Build-Up for 3,250 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
$33.2K $10.20/SF
− Vacancy
−$1.8K −$0.56/SF
EGI
$31.3K $9.64/SF
− OpEx
−$9.4K −$2.89/SF
NOI
$21.9K $6.75/SF
Area
Robertson County, TX
Vacancy
5.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
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%
$438,580
Cap Rate 7%
$313,271
Cap Rate 9%
$243,656
Alternative Uses
Best Use
Specialty Retail
$586.0K
$512.8K – $683.7K
NOI $41,023 @ 7.0% cap · market cap 16.41%
Second Best
Retail
$502.3K
$439.5K – $586.0K
NOI $35,162 @ 7.0% cap · market cap 14.06%
Theoretical Best
Office A
$800.3K
$700.3K – $933.7K
NOI $56,020 @ 7.0% cap · market cap 22.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Explore this area
Business Placement
Demographics for 77837, TX
1,362
Population
865
Households
1.6
Avg Household Size
49
Median Age
30%
College-Educated
80%
High-School Grad
117.8 sq mi
ZIP Area
12
Density / Sq Mi
$66,250
Median Household Income
$44,167
Median Earnings
$913
Median Rent
$113,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Two freestanding retail properties in high-traffic Calvert, Texas.
Where is this drive through restaurant located?
The property is located at 304 & 306 N Main Street Calvert, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: High‑traffic location with over 12,244 vehicles per day (VPD) on State Highway 6.; 304 North Main Street is a fully equipped restaurant with a drive‑thru, ideal for fast food or coffee shop.**; 306 North Main Street is a multi‑use building with a large garage and roll‑up door, suitable for various businesses.
