Two Retail Properties in
304 & 306 N Main Street Calvert, TX 77837
For Sale
Contact for pricing
Two freestanding retail properties in high-traffic Calvert, Texas.
Property Size3,250 SF
Price / SF$76.92
Days on Market1055
Property Features for 304 & 306 N Main Street
General Information
- Standard status
- Active
- Size
- 3,250 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1981
Listing Agency:
Oldham Goodwin Group
Listed By:
Freddy Alonso · License #0722949
Source:
Crexi
Added: Sep 5, 2023
Changed: Jul 6
Last Checked: Jul 22 at 1:59PM
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 Oldham Goodwin Group
Investment Insights
Based on property information with market context.
Two freestanding retail properties are available on North Main Street in Calvert, Texas. Located in a high-traffic area with over 12,244 vehicles per day on State Highway 6, the properties include a 3,250-square-foot building at 304 North Main Street, which is a fully equipped restaurant with a drive-thru. This property is suitable for a fast-food restaurant, coffee shop, or other retail business requiring a drive-thru. The second property, located at 306 North Main Street, is a multi-use building with a large garage and roll-up door. This versatile property could accommodate a car dealership, warehouse, or light industrial business. Both properties are near the historic downtown district of Calvert, a town with a small vibrant community and various amenities, including restaurants, shops, schools, and parks.
Key Highlights
- High‑traffic location with over 12,244 vehicles per day (VPD) on State Highway 6.
- 304 North Main Street is a fully equipped restaurant with a drive‑thru, ideal for fast food or coffee shop.
- 306 North Main Street is a multi‑use building with a large garage and roll‑up door, suitable for various businesses.
Financial Insights For Industrial
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 | $33.2k | $10.20 |
| − Vacancy | −$1.8k | −$0.56 |
| EGI | $31.3k | $9.64 |
| − OpEx | −$9.4k | −$2.89 |
| NOI | $21.9k | $6.75 |
3,250 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$586.0K
$512.8K – $683.7K
NOI $41,023 @ 7.0% cap · market cap 16.41%
Second Best
Retail
$502.3K
$439.5K – $586.0K
NOI $35,162 @ 7.0% cap · market cap 14.06%
Theoretical Best
Office A
$800.3K
$700.3K – $933.7K
NOI $56,020 @ 7.0% cap · market cap 22.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Drive through restaurants
FAQs
What type of property is this?
Drive through restaurant - Two freestanding retail properties in high-traffic Calvert, Texas.
Where is this drive through restaurant located?
The property is located at 304 & 306 N Main Street Calvert, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: High‑traffic location with over 12,244 vehicles per day (VPD) on State Highway 6.; **304 North Main Street is a fully equipped restaurant with a drive‑thru, ideal for fast food or coffee shop.**; 306 North Main Street is a multi‑use building with a large garage and roll‑up door, suitable for various businesses.
