Turnkey Restaurant Building
204 Tom Gill Road Penitas, TX 78576
204 Tom Gill Road, Penitas, TX, 78576
$900,000
For Sale
$900,000
Established restaurant space with dine-in, bar/lounge, take-out options, and on-site and shared customer parking.
Property Size3,182 SF
Price / SF$282.84
Days on Market338
Property Features for 204 Tom Gill Road
General Information
- Standard status
- Active
- Size
- 3,182 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2000
Listing agency
Keller Williams Realty Rgv
(956) 358-4409
Listed by
Lisa Salinas
(956) 358-4409
Source
Xome
Added: Aug 18, 2025 Updated: Jul 21 at 6:22AM Checked: Jul 21 at 6:22AM
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 Keller Williams Realty Rgv
Investment Insights
Based on property information with market context.
This established restaurant building and restaurant package is offered for sale with a configuration designed to support dine-in service, a bar/lounge area, and take-out operations. The property is presented as a turnkey restaurant offering.
Located at 204 Tom Gill Road in Penitas, TX, the restaurant is positioned in a commercial corridor with strong daily traffic, anchored by national retailers and major brand neighbors. Customer access is supported by on-site and shared parking spaces.
Owner finance options are mentioned as available with the sale. The property is also described as being within a corridor experiencing rapid residential and commercial development.
Located at 204 Tom Gill Road in Penitas, TX, the restaurant is positioned in a commercial corridor with strong daily traffic, anchored by national retailers and major brand neighbors. Customer access is supported by on-site and shared parking spaces.
Owner finance options are mentioned as available with the sale. The property is also described as being within a corridor experiencing rapid residential and commercial development.
Key Highlights
- Established restaurant space with dine‑in service, bar/lounge area, and take‑out options
- 20 parking spaces with a paved driveway, plus on‑site and shared customer parking
- Security lighting on the exterior
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 | $65.3k | $20.52 |
| − Vacancy | −$3.7k | −$1.17 |
| EGI | $61.6k | $19.35 |
| − OpEx | −$15.4k | −$4.84 |
| NOI | $46.2k | $14.51 |
3,182 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$659.7K
$577.3K – $769.7K
NOI $46,180 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.40M
$2.10M – $2.80M
NOI $167,771 @ 7.0% cap · market cap 18.64%
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 - Established restaurant space with dine-in, bar/lounge, take-out options, and on-site and shared customer parking.
Where is this conventional restaurant located?
The property is located at 204 Tom Gill Road Penitas, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Established restaurant space with dine‑in service, bar/lounge area, and take‑out options; 20 parking spaces with a paved driveway, plus on‑site and shared customer parking; Security lighting on the exterior
