Freestanding Drive-Through
New
For Sale
$800,000
313 Castle Drive, Garland, TX 75040
The sale combines an operating restaurant business with its freestanding property, equipped with a professional kitchen and on-site parking.
Property Size3,182 SF
Lot Size0.52 Acres
Price / SF$251.41
Days on Market5
Property Features for 313 Castle Drive
General Information
Standard status
Active
Size
3,182 SF
Lot size
0.52 Acres
Property subtype
Commercial
Zoning
PLANNED DEVELOPMENT DISTRICT
Site & Location
Drive-Thru
Yes
Pylon Signage
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
3,182 SF
Year Built
1975
Buildings
1
Stories
1
Units
1
Listing Agency:
TNG Realty
(469) 581-8866
Listed By:
Brandon Sherman · License #0709613
(469) 318-9999
Source:
Bourquinrealty
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:21PM
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 TNG Realty
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Investment Insights
Based on property information with market context.
The offering pairs a restaurant business with a freestanding building measuring approximately 3,182 square feet. The site covers 0.517 acres and includes a professional kitchen, drive-through lanes, on-site parking, and a pylon sign. The building dates to 1975, and the property is zoned Planned Development District.
At 313 Castle Drive in Garland, the property sits at an intersection amid commercial and residential development. The restaurant serves customers through its drive-through lanes as well as its on-site facilities.
At 313 Castle Drive in Garland, the property sits at an intersection amid commercial and residential development. The restaurant serves customers through its drive-through lanes as well as its on-site facilities.
Key Highlights
- Restaurant business and real estate offered together
- Freestanding building with approximately 3,182 square feet on 0.517 acres
- Drive‑through lanes and professional kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,799
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,980
$1.1M
Cap Rate 7%
$782,843
$782.8K
Cap Rate 9%
$608,878
$608.9K
Market Conditions
NOI Build-Up for 3,182 SF
Gross rent
$76.7K $24.12/SF
− Vacancy
−$3.7K −$1.16/SF
EGI
$73.1K $22.96/SF
− OpEx
−$18.3K −$5.74/SF
NOI
$54.8K $17.22/SF
Area
Garland, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,980
Cap Rate 7%
$782,843
Cap Rate 9%
$608,878
Alternative Uses
Best Use
Specialty Retail
$782.8K
$685.0K – $913.3K
NOI $54,799 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.82M
$3.34M – $4.45M
NOI $267,270 @ 7.0% cap · market cap 33.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
8,041 visits/mo
0.1 miles
76
Shops & Services
1,355 visits/mo
0.1 miles
CubeSmart Self Storage
Shops & Services
1,136 visits/mo
0.3 miles
Demographics for 75040, TX
64,035
Population
21,629
Households
3
Avg Household Size
36
Median Age
23%
College-Educated
77%
High-School Grad
15.7 sq mi
ZIP Area
4,079
Density / Sq Mi
$73,537
Median Household Income
$39,019
Median Earnings
$1,670
Median Rent
$245,400
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
Frequently Asked Questions
What type of property is this?
Drive through restaurant - The sale combines an operating restaurant business with its freestanding property, equipped with a professional kitchen and on-site parking.
Where is this drive through restaurant located?
The property is located at 313 Castle Drive Garland, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Restaurant business and real estate offered together; Freestanding building with approximately 3,182 square feet on 0.517 acres; Drive‑through lanes and professional kitchen
