Restaurant Property for
2024 E MULBERRY ST Angleton, TX 77515
2024 E MULBERRY ST, Angleton, TX, 77515
Contact for pricing
For Sale
Contact for pricing
Restaurant property offered for sale at 2024 E Mulberry St in Angleton, TX.
Property Size3,148 SF
Price / SF$190.28
Days on Market90
Property Features for 2024 E MULBERRY ST
General Information
- Standard status
- Active
- Size
- 3,148 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1964
Listing agency
Bob Peltier & Associates
(979) 849-1234
Listed by
Bob Peltier · License #TX 0299314
Source
Crexi
Added: Apr 24 Updated: Jul 21 at 7:22PM Checked: Jul 21 at 7:22PM
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 Bob Peltier & Associates
Investment Insights
Based on property information with market context.
This restaurant property is offered for sale. The asset is listed under conventional restaurant use and totals 3,148 square feet.
The property is located at 2024 E Mulberry St in Angleton, Texas (77515). The transaction is listed as For Sale, with a requested price of $599,000.
The property is located at 2024 E Mulberry St in Angleton, Texas (77515). The transaction is listed as For Sale, with a requested price of $599,000.
Key Highlights
- Restaurant property for sale at 2024 E Mulberry St, Angleton, TX
- Year built: 1964
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.6k | $20.52 |
| − Vacancy | −$3.6k | −$1.15 |
| EGI | $61.0k | $19.37 |
| − OpEx | −$15.2k | −$4.84 |
| NOI | $45.7k | $14.53 |
3,148 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$653.4K
$571.7K – $762.3K
NOI $45,735 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$39.22M
$34.31M – $45.75M
NOI $2,745,147 @ 7.0% cap · market cap 458.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Restaurant property offered for sale at 2024 E Mulberry St in Angleton, TX.
Where is this conventional restaurant located?
The property is located at 2024 E MULBERRY ST Angleton, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Restaurant property for sale at 2024 E Mulberry St, Angleton, TX; Year built: 1964
