Turnkey Restaurant in San
For Sale
Contact for pricing
3029 Sherwood Way, San Angelo, TX 76901
Fully furnished restaurant with drive-through and ample parking.
Property Size3,453 SF
Lot Size0.52 Acres
Price / SF$215.75
Days on Market1307
Property Features for 3029 Sherwood Way
General Information
Standard status
Active
Size
3,453 SF
Class
B
Lot size
0.52 Acres
Property subtype
Retail
Zoning
General Commercial
Investment Type
Value Add
Building Details
Year Built
1975
Buildings
1
Stories
1
Listing Agency:
Keller Williams Synergy
Listed By:
Meredith Herbert · License #TX 632620
(325) 234-2661
Source:
Crexi
Added: Mar 10, 2023
Changed: Aug 9
Last Checked: Aug 9 at 8:54PM
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 Synergy
Investment Insights
Based on property information with market context.
This fully furnished turnkey restaurant is located in San Angelo, Texas. The establishment features exquisite finishes and top-of-the-line equipment, creating an inviting ambiance. The interior provides comfortable seating for up to 50 patrons. The layout is designed to allow ample space for both guests and staff. The restaurant also includes a drive-through and a bonus room suitable for meetings or events. The property offers over 30 parking spots on a 0.517-acre lot. Traffic count is over 14,000 vehicles per day. The property size is 3,453 square feet.
Key Highlights
- Fully furnished, turnkey restaurant ready for immediate operation.
- Prime location in San Angelo, Texas with high traffic count (over 14,000 vehicles per day).
- Includes a drive‑through for added customer convenience.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,085
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,700
$1.2M
Cap Rate 7%
$872,643
$872.6K
Cap Rate 9%
$678,722
$678.7K
Market Conditions
NOI Build-Up for 3,453 SF
Gross rent
$86.2K $24.96/SF
− Vacancy
−$4.7K −$1.37/SF
EGI
$81.4K $23.59/SF
− OpEx
−$20.4K −$5.90/SF
NOI
$61.1K $17.69/SF
Area
Tom Green County, TX
Vacancy
5.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,700
Cap Rate 7%
$872,643
Cap Rate 9%
$678,722
Alternative Uses
Best Use
Specialty Retail
$872.6K
$763.6K – $1.02M
NOI $61,085 @ 7.0% cap · market cap 8.20%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.64M
$2.31M – $3.08M
NOI $185,030 @ 7.0% cap · market cap 24.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
239k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Groceries 32%
Shops & Services 25%
Home Improvements & Furnishings 2%
H-E-B
Groceries
72,892 visits/mo
0.2 miles
SONIC Drive In
Dining
25,072 visits/mo
0.2 miles
Whataburger
Dining
22,247 visits/mo
0.1 miles
Starbucks
Dining
20,904 visits/mo
0.1 miles
Dollar Tree
Shops & Services
19,893 visits/mo
0.3 miles
Demographics for 76901, TX
31,084
Population
13,783
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
88%
High-School Grad
346.0 sq mi
ZIP Area
90
Density / Sq Mi
$64,542
Median Household Income
$35,343
Median Earnings
$1,188
Median Rent
$169,500
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully furnished restaurant with drive-through and ample parking.
Where is this conventional restaurant located?
The property is located at 3029 Sherwood Way San Angelo, TX.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Fully furnished, turnkey restaurant ready for immediate operation.; Prime location in San Angelo, Texas with high traffic count (over 14,000 vehicles per day).; Includes a drive‑through for added customer convenience.
