Restaurant Property with Commercial
For Sale
$335,000
1621 South Main St, Calvert, TX 77837
Highway frontage, event-capable parking, and a lighted sign support flexible commercial use.
Property Size2,250 SF
Lot Size1.00 Acre
Price / SF$148.89
Days on Market42
Property Features for 1621 South Main St
General Information
Standard status
Active
Size
2,250 SF
Lot size
1.00 Acre
Site & Location
Pylon Signage
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Commercial Hood
Yes
Building Details
Year Built
2011
Listing Agency:
Polansky Realty
(979) 567-8910
Listed By:
Brenda Van De Walle · License #0407324
Source:
Doorstephomegroup
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 30 at 7:42PM
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 Polansky Realty
Investment Insights
Based on property information with market context.
This restaurant property includes a commercial kitchen with a vent hood, walk-in cooler, service bar, and built-in BBQ smoker. The building also features central heat and air, a fireplace, metal roofing, high ceilings, wood floors, wood columns, windows, a wood porch, private office space, and retail space. Recent work addressed the electrical, plumbing, septic system, and kitchen improvements.
The one-acre site fronts State Highway 6 for 378 feet and includes an extra-large lighted sign that can be customized. Parking accommodates multiple vehicles as well as large trucks and trailers, with space also suited to events. The property sits within Calvert city limits, less than one mile from the center of Calvert, next to the Calvert Auction Barn on the south side of town. Its existing improvements support restaurant use, with additional potential for retail, office, hospitality, or brewery/biergarten operations.
The one-acre site fronts State Highway 6 for 378 feet and includes an extra-large lighted sign that can be customized. Parking accommodates multiple vehicles as well as large trucks and trailers, with space also suited to events. The property sits within Calvert city limits, less than one mile from the center of Calvert, next to the Calvert Auction Barn on the south side of town. Its existing improvements support restaurant use, with additional potential for retail, office, hospitality, or brewery/biergarten operations.
Key Highlights
- One‑acre restaurant property with 378 feet of frontage on State Highway 6
- Commercial kitchen includes vent hood, walk‑in cooler, service bar, and built‑in BBQ smoker
- Extra‑large lighted sign is ready for customized business information
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
$28,401
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
8.48%
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%
$568,020
$568.0K
Cap Rate 7%
$405,729
$405.7K
Cap Rate 9%
$315,567
$315.6K
Market Conditions
NOI Build-Up for 2,250 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
$40.5K $18.00/SF
− Vacancy
−$2.6K −$1.17/SF
EGI
$37.9K $16.83/SF
− OpEx
−$9.5K −$4.21/SF
NOI
$28.4K $12.62/SF
Area
Robertson County, TX
Vacancy
6.50%
Lease Rate
$18.00 /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%
$568,020
Cap Rate 7%
$405,729
Cap Rate 9%
$315,567
Alternative Uses
Best Use
Specialty Retail
$405.7K
$355.0K – $473.4K
NOI $28,401 @ 7.0% cap · market cap 8.48%
Second Best
Industrial
$216.9K
$189.8K – $253.0K
NOI $15,181 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$554.0K
$484.8K – $646.4K
NOI $38,783 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Texaco
Shops & Services
11,820 visits/mo
0.4 miles
Family Dollar
Shops & Services
3,958 visits/mo
0.4 miles
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 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?
Conventional restaurant - Highway frontage, event-capable parking, and a lighted sign support flexible commercial use.
Where is this conventional restaurant located?
The property is located at 1621 South Main St Calvert, TX.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: One‑acre restaurant property with 378 feet of frontage on State Highway 6; Commercial kitchen includes vent hood, walk‑in cooler, service bar, and built‑in BBQ smoker; Extra‑large lighted sign is ready for customized business information
