Freestanding Drive-Through
For Sale
$825,000
2474 State Highway 361, Ingleside, TX 78362
Freestanding restaurant property with an existing drive-through lane, on-site parking, and a layout designed for food service operations.
Property Size2,412 SF
Lot Size0.56 Acres
Price / SF$342.04
Days on Market69
Property Features for 2474 State Highway 361
General Information
Standard status
Active
Size
2,412 SF
Lot size
0.56 Acres
Property subtype
Retail - Street Retail
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Seating Capacity
60
Building Details
Building Size
2,412 SF
Year Built
1988
Buildings
1
Tenancy
Single
Listing Agency:
Cravey Real Estate Services
(361) 288-3102
Listed By:
Lynann Pinkham · License #319336
Source:
Commercialcafe
Added: Jun 23
Changed: Aug 29
Last Checked: Aug 29 at 1:27PM
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 Cravey Real Estate Services
Investment Insights
Based on property information with market context.
This freestanding drive-through restaurant includes a 2,412 SF building on a 24,560 SF site. The existing restaurant-oriented layout features a drive-through lane, on-site parking, and seating for approximately 60 patrons. The building was constructed in 1988 and was previously occupied by a quick-service restaurant, providing established infrastructure for a food-service operator.
The property fronts both State Highway 361 and Church Street in Ingleside’s primary retail corridor. Multiple ingress and egress points support convenient access, while nearby H-E-B, Main Street, surrounding retail and restaurant uses, residential neighborhoods, and major employment centers add context to the site’s commercial setting. The combination of a freestanding building, drive-through configuration, dual-street frontage, and existing restaurant improvements accommodates a range of quick-service, coffee, and fast-casual concepts.
The property fronts both State Highway 361 and Church Street in Ingleside’s primary retail corridor. Multiple ingress and egress points support convenient access, while nearby H-E-B, Main Street, surrounding retail and restaurant uses, residential neighborhoods, and major employment centers add context to the site’s commercial setting. The combination of a freestanding building, drive-through configuration, dual-street frontage, and existing restaurant improvements accommodates a range of quick-service, coffee, and fast-casual concepts.
Key Highlights
- 2,412 SF freestanding restaurant building on a 24,560 SF site
- Existing drive‑through lane and restaurant‑oriented layout
- Frontage along both State Highway 361 and Church Street
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
$42,895
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
5.20%
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%
$857,900
$857.9K
Cap Rate 7%
$612,786
$612.8K
Cap Rate 9%
$476,611
$476.6K
Market Conditions
NOI Build-Up for 2,412 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
$60.2K $24.96/SF
− Vacancy
−$3.0K −$1.25/SF
EGI
$57.2K $23.71/SF
− OpEx
−$14.3K −$5.93/SF
NOI
$42.9K $17.78/SF
Area
San Patricio County, TX
Vacancy
5.00%
Lease Rate
$24.96 /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%
$857,900
Cap Rate 7%
$612,786
Cap Rate 9%
$476,611
Alternative Uses
Best Use
Specialty Retail
$612.8K
$536.2K – $714.9K
NOI $42,895 @ 7.0% cap · market cap 5.20%
Second Best
Retail
$154.4K
$135.1K – $180.2K
NOI $10,811 @ 7.0% cap · market cap 1.31%
Theoretical Best
Hotel Hospitality
$1.24M
$1.08M – $1.44M
NOI $86,615 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 45%
Valero Energy
Shops & Services
17,293 visits/mo
0.1 miles
Whataburger
Dining
15,415 visits/mo
0.1 miles
SONIC Drive In
Dining
8,911 visits/mo
0.4 miles
Dollar Tree
Shops & Services
8,537 visits/mo
0.1 miles
Dollar General
Shops & Services
5,142 visits/mo
0.4 miles
Demographics for 78362, TX
10,238
Population
4,701
Households
2.2
Avg Household Size
36
Median Age
21%
College-Educated
86%
High-School Grad
18.3 sq mi
ZIP Area
559
Density / Sq Mi
$78,698
Median Household Income
$41,240
Median Earnings
$1,226
Median Rent
$182,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding restaurant property with an existing drive-through lane, on-site parking, and a layout designed for food service operations.
Where is this drive through restaurant located?
The property is located at 2474 State Highway 361 Ingleside, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 2,412 SF freestanding restaurant building on a 24,560 SF site; Existing drive‑through lane and restaurant‑oriented layout; Frontage along both State Highway 361 and Church Street
