Food Truck Park Restaurant
For Sale
$1,100,000
101 Alta Street, San Juan, TX 78589
Built in 2022 with central air, paved access, and dedicated parking.
Property Size2,976 SF
Price / SF$369.62
Days on Market537
Property Features for 101 Alta Street
General Information
Standard status
Active
Size
2,976 SF
Property subtype
General Commercial
Site & Location
Corner Location
Yes
Road Access
Yes
Additional Details
Gross Income
$72,000
Taxes and HOA fees
Annual Taxes
$10,462
Amenities
Central Air
3
24 Parking Spaces. Paved Driveway, Handicap Parking.
Shopping Mall, City Road, Paved Road.
Building Details
Year Built
2022
Tenancy
Single
Listing Agency:
Big Realty
(956) 780-3368
Listed By:
Jorge Meza
(956) 780-3368
Source:
Xome
Added: Mar 12, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:23AM
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 Big Realty
Investment Insights
Based on property information with market context.
This 2,976-square-foot restaurant property was built in 2022 and is configured as a food truck park. The improvements include central air, a paved driveway, handicap parking, and 24 parking spaces. The property is currently leased for a 3-year term.
The site occupies the corner of Raul Longoria and Alta Street in San Juan, positioned between 495 and Sioux Road. Its setting on paved city roads provides direct access to the surrounding area.
The property combines an established restaurant-oriented configuration with a food park format and on-site parking. Its current lease structure and existing improvements provide a defined operating framework for the next owner.
The site occupies the corner of Raul Longoria and Alta Street in San Juan, positioned between 495 and Sioux Road. Its setting on paved city roads provides direct access to the surrounding area.
The property combines an established restaurant-oriented configuration with a food park format and on-site parking. Its current lease structure and existing improvements provide a defined operating framework for the next owner.
Key Highlights
- 2,976‑square‑foot restaurant property built in 2022
- Configured as a food truck park
- Currently leased for a 3‑year term
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
$43,190
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
3.93%
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%
$863,800
$863.8K
Cap Rate 7%
$617,000
$617.0K
Cap Rate 9%
$479,889
$479.9K
Market Conditions
NOI Build-Up for 2,976 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
$61.1K $20.52/SF
− Vacancy
−$3.5K −$1.17/SF
EGI
$57.6K $19.35/SF
− OpEx
−$14.4K −$4.84/SF
NOI
$43.2K $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%
$863,800
Cap Rate 7%
$617,000
Cap Rate 9%
$479,889
Alternative Uses
Best Use
Specialty Retail
$617.0K
$539.9K – $719.8K
NOI $43,190 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.24M
$1.96M – $2.62M
NOI $156,910 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78589, TX
38,987
Population
12,393
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
62%
High-School Grad
25.5 sq mi
ZIP Area
1,529
Density / Sq Mi
$51,662
Median Household Income
$27,679
Median Earnings
$926
Median Rent
$112,400
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?
Restaurant - Built in 2022 with central air, paved access, and dedicated parking.
Where is this restaurant located?
The property is located at 101 Alta Street San Juan, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2,976‑square‑foot restaurant property built in 2022; Configured as a food truck park; Currently leased for a 3‑year term
