Drive-Through
New
For Sale
$800,000
313 Castle Drive, Garland, TX 75040
CommercialSale, Garland, TX
Property Size3,182 SF
Lot Size0.52 Acres
Price / SF$251.41
Days on Market5
Property Features for 313 Castle Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
PLANNED DEVELOPMENT DISTRICT
Parking features
Covered
Subdivision
Minor Rep Star Crest Shoppi
Directions
Google Map friendly
Standard status
Active
APN
267672500102R0000
Size
3,182 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Description
STAR CREST SHOPPING CENTER 4 BLK 1 LT 2R ACS
Tax Annual Amount
10104
Legal Description
STAR CREST SHOPPING CENTER 4 BLK 1 LT 2R ACS
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1975
Floors in Building
1
Number of units
1
Flooring type
Tile, Concrete
Building materials
Frame, Concrete
Roof type
Concrete
Listing Agency:
TNG Realty
(469) 581-8866
Listed By:
Brandon Sherman
(214) 763-0411
Added: Oct 9
Last Checked: Oct 13 at 3:06PM
MLS# 21408284
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The offering combines an operating quick-service restaurant with its freestanding building on a 0.517-acre parcel. The 3,182-square-foot facility includes a restaurant floor plan, a professional kitchen, drive-through lanes, and covered parking. Construction dates to 1975, with frame and concrete materials, tile and concrete flooring, central heating, and central air conditioning.
The site is at 313 Castle Drive in Garland, within a setting of commercial and residential development. A pylon sign is also present on the property. Public water service and public sewer serve the site.
The site is at 313 Castle Drive in Garland, within a setting of commercial and residential development. A pylon sign is also present on the property. Public water service and public sewer serve the site.
Key Highlights
- Operating quick‑service restaurant business included with the real estate
- 3,182‑square‑foot freestanding building 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.
How Realmo checks its estimates
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
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding dining property with an operating quick-service business, a professional kitchen, and on-site customer 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: Operating quick‑service restaurant business included with the real estate; 3,182‑square‑foot freestanding building on 0.517 acres; Drive‑through lanes and professional kitchen
