Freestanding Restaurant
New
For Sale
$1,250,000
300 W Mile 3 Road, Mission, TX 78573
A standalone restaurant property offers an established building footprint for continued restaurant use.
Property Size3,048 SF
Price / SF$410.10
Days on Market2
Property Features for 300 W Mile 3 Road
General Information
Standard status
Active
Size
3,048 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1988
Buildings
1
Listing Agency:
Texus Realty
Listed By:
Israel Gutierrez · License #0558344
(512) 846-9332
Source:
Texusrealty
Added: Nov 1
Changed: Nov 2
Last Checked: Nov 2 at 2:31AM
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 Texus Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding restaurant building contains 3,048 square feet and was constructed in 1988. Its standalone configuration is the primary physical detail available for evaluating the property.
Key Highlights
- Freestanding restaurant building
- 3,048 square feet of building area
- Built in 1988
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,235
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$884,700
$884.7K
Cap Rate 7%
$631,929
$631.9K
Cap Rate 9%
$491,500
$491.5K
Market Conditions
NOI Build-Up for 3,048 SF
Gross rent
$62.5K $20.52/SF
− Vacancy
−$3.6K −$1.17/SF
EGI
$59.0K $19.35/SF
− OpEx
−$14.7K −$4.84/SF
NOI
$44.2K $14.51/SF
Area
Hidalgo County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$884,700
Cap Rate 7%
$631,929
Cap Rate 9%
$491,500
Alternative Uses
Best Use
Specialty Retail
$631.9K
$552.9K – $737.3K
NOI $44,235 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.30M
$2.01M – $2.68M
NOI $160,706 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78573, TX
42,229
Population
13,339
Households
3.2
Avg Household Size
29
Median Age
15%
College-Educated
63%
High-School Grad
36.7 sq mi
ZIP Area
1,151
Density / Sq Mi
$51,185
Median Household Income
$27,730
Median Earnings
$909
Median Rent
$154,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A standalone restaurant property offers an established building footprint for continued restaurant use.
Where is this conventional restaurant located?
The property is located at 300 W Mile 3 Road Mission, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Freestanding restaurant building; 3,048 square feet of building area; Built in 1988
