Highway Restaurant with Commercial
349 ST HWY 36, Cross Plains, TX 76443
For Sale
$850,000
CommercialSale, Cross Plains, TX
Property Size5,039 SF
Lot Size1.11 Acres
Price / SF$168.68
Days on Market96
Property Features for 349 ST HWY 36
General Information
Property type
Property subtype
Zoning description
Parking features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
highway signage
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
RE/MAX Big Country · RE/MAX International
Listed By:
Brandi Smith · License TX #0581442
(325) 750-6188
Added: Aug 11
Changed: Oct 30
Last Checked: Nov 14 at 1:06AM
MLS# 21354025
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.
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Investment Insights
Based on property information with market context.
This 5,039-square-foot restaurant property occupies 1.1099 acres along State Highway 36 in Cross Plains. The building includes multiple dining areas, commercial kitchen infrastructure, laminate, concrete, and tile flooring, plus metal siding and a metal roof. Central and zoned heating and cooling are supplemented by wall units, with natural gas service and public water and sewer.
The site includes paved parking, freestanding highway signage, and commercial utility infrastructure. Its position along TX-36 provides highway frontage and visibility, while an established grocery store is nearby. The adjoining commercial parcel at 341 State Highway 36 is also available separately or together with this property. The real estate is offered separately from movable business inventory and FF&E.
The site includes paved parking, freestanding highway signage, and commercial utility infrastructure. Its position along TX-36 provides highway frontage and visibility, while an established grocery store is nearby. The adjoining commercial parcel at 341 State Highway 36 is also available separately or together with this property. The real estate is offered separately from movable business inventory and FF&E.
Key Highlights
- 5,039‑square‑foot restaurant on 1.1099 acres
- Located along State Highway 36 in Cross Plains
- Commercial kitchen infrastructure and multiple dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,340
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,800
$1.0M
Cap Rate 7%
$719,143
$719.1K
Cap Rate 9%
$559,333
$559.3K
Market Conditions
NOI Build-Up for 5,039 SF
Gross rent
$72.6K $14.40/SF
− Vacancy
−$5.4K −$1.08/SF
EGI
$67.1K $13.32/SF
− OpEx
−$16.8K −$3.33/SF
NOI
$50.3K $9.99/SF
Area
Callahan County, TX
Vacancy
7.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,800
Cap Rate 7%
$719,143
Cap Rate 9%
$559,333
Alternative Uses
Best Use
Specialty Retail
$719.1K
$629.3K – $839.0K
NOI $50,340 @ 7.0% cap · market cap 5.92%
Second Best
Industrial
$488.3K
$427.3K – $569.7K
NOI $34,180 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$1.13M
$984.4K – $1.31M
NOI $78,754 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Groceries 31%
Home Improvements & Furnishings 18%
Dining 15%
Dollar General
Shops & Services
4,327 visits/mo
0.2 miles
Lowe's Market
Groceries
3,601 visits/mo
0.1 miles
Higginbotham Bartlett
Home Improvements & Furnishings
2,080 visits/mo
0.4 miles
SUBWAY
Dining
1,706 visits/mo
0.2 miles
Demographics for 76443, TX
1,685
Population
1,059
Households
1.6
Avg Household Size
50
Median Age
25%
College-Educated
94%
High-School Grad
140.0 sq mi
ZIP Area
12
Density / Sq Mi
$46,033
Median Household Income
$29,830
Median Earnings
$800
Median Rent
$112,400
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?
Conventional restaurant - Existing dining areas and commercial kitchen infrastructure support restaurant use.
Where is this conventional restaurant located?
The property is located at 349 ST HWY 36 Cross Plains, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 5,039‑square‑foot restaurant on 1.1099 acres; Located along State Highway 36 in Cross Plains; Commercial kitchen infrastructure and multiple dining areas
