Restaurant Property for
For Sale
$499,000
2024 E Mulberry St, Angleton, TX 77515
Restaurant property offered for sale at 2024 E Mulberry St in Angleton, TX.
Property Size3,148 SF
Price / SF$158.51
Days on Market174
Property Features for 2024 E Mulberry St
General Information
Standard status
Active
Size
3,148 SF
Taxes and HOA fees
Annual Taxes
$9,436
Listing Agency:
Bob Peltier & Assoc.
(979) 849-1234
Listed By:
Bob Peltier · License #0299314
(979) 849-1238
Source:
Exprealty
Added: Apr 23
Changed: Oct 6
Last Checked: Oct 12 at 10:30PM
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 & Assoc.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,735
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,700
$914.7K
Cap Rate 7%
$653,357
$653.4K
Cap Rate 9%
$508,167
$508.2K
Market Conditions
NOI Build-Up for 3,148 SF
Gross rent
$64.6K $20.52/SF
− Vacancy
−$3.6K −$1.15/SF
EGI
$61.0K $19.37/SF
− OpEx
−$15.2K −$4.84/SF
NOI
$45.7K $14.53/SF
Area
Brazoria County, TX
Vacancy
5.60%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,700
Cap Rate 7%
$653,357
Cap Rate 9%
$508,167
Alternative Uses
Best Use
Specialty Retail
$653.4K
$571.7K – $762.3K
NOI $45,735 @ 7.0% cap · market cap 9.17%
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 550.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77515, TX
32,710
Population
13,127
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
204.5 sq mi
ZIP Area
160
Density / Sq Mi
$89,029
Median Household Income
$48,097
Median Earnings
$1,024
Median Rent
$210,800
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
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Frequently Asked Questions
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 $499,000.
What are key features of this property?
This property features: Restaurant property for sale at 2024 E Mulberry St, Angleton, TX; Year built: 1964
