Restaurant Building with Outdoor
For Sale
$850,000
2627 Highway 361, Ingleside, TX 78362
Includes indoor dining, covered outdoor seating, a restaurant kitchen, bar service, and multiple entertainment features.
Property Size4,332 SF
Lot Size0.63 Acres
Price / SF$196.21
Days on Market47
Property Features for 2627 Highway 361
General Information
Standard status
Active
Size
4,332 SF
Lot size
0.63 Acres
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Year Built
1968
Buildings
1
Listing Agency:
Cass Real Estate
(361) 300-4799
Listed By:
Danielle Dolinger · License #0833447
Source:
Thebranchinc
Added: Jul 15
Changed: Aug 29
Last Checked: Aug 29 at 3:44PM
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 Cass Real Estate
Investment Insights
Based on property information with market context.
This 4,332-square-foot restaurant building occupies 0.63 acres and was built in 1968. The layout includes indoor dining, covered outdoor dining, bar seating, table seating, six pool tables, darts, and several large-screen TVs. Restaurant improvements include a fully functional kitchen, walk-in cooler, and a range of included furnishings, fixtures, décor, and equipment.
Parking is positioned at both the front and rear of the building. The outdoor area also includes a grassy section that can accommodate cornhole, horseshoes, or additional seating. The property is located at 2627 Highway 361 in Ingleside, Texas, and the existing setup has been used for live music and karaoke.
Parking is positioned at both the front and rear of the building. The outdoor area also includes a grassy section that can accommodate cornhole, horseshoes, or additional seating. The property is located at 2627 Highway 361 in Ingleside, Texas, and the existing setup has been used for live music and karaoke.
Key Highlights
- 4,332 SF restaurant building on 0.63 acres
- Indoor and covered outdoor dining areas
- Fully functional restaurant kitchen with walk‑in cooler
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
$77,040
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
9.06%
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%
$1,540,800
$1.5M
Cap Rate 7%
$1,100,571
$1.1M
Cap Rate 9%
$856,000
$856.0K
Market Conditions
NOI Build-Up for 4,332 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
$108.1K $24.96/SF
− Vacancy
−$5.4K −$1.25/SF
EGI
$102.7K $23.71/SF
− OpEx
−$25.7K −$5.93/SF
NOI
$77.0K $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%
$1,540,800
Cap Rate 7%
$1,100,571
Cap Rate 9%
$856,000
Alternative Uses
Best Use
Specialty Retail
$1.10M
$963.0K – $1.28M
NOI $77,040 @ 7.0% cap · market cap 9.06%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.22M
$1.94M – $2.59M
NOI $155,562 @ 7.0% cap · market cap 18.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
33k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 14%
Valero Energy
Shops & Services
17,293 visits/mo
0.3 miles
Dollar Tree
Shops & Services
8,537 visits/mo
0.4 miles
Taco Bell
Dining
4,812 visits/mo
0.5 miles
Valero Energy
Shops & Services
1,718 visits/mo
0.2 miles
Citgo
Shops & Services
1,049 visits/mo
0.5 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?
Conventional restaurant - Includes indoor dining, covered outdoor seating, a restaurant kitchen, bar service, and multiple entertainment features.
Where is this conventional restaurant located?
The property is located at 2627 Highway 361 Ingleside, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4,332 SF restaurant building on 0.63 acres; Indoor and covered outdoor dining areas; Fully functional restaurant kitchen with walk‑in cooler
