Turnkey Bar Business
For Sale
Contact for pricing
3720 TX-35, Fulton, TX 78358
High-visibility commercial property with potential for various business uses.
Property Size4,505 SF
Price / SF$155.16
Days on Market1275
Property Features for 3720 TX-35
General Information
Standard status
Active
Size
4,505 SF
Property subtype
Retail
Building Details
Year Built
1966
Year Renovated
2017
Buildings
1
Tenancy
Single
Listing Agency:
Cravey Real Estate Services Inc
Listed By:
Adam Stern · License #TX 0695443
(361) 289-5168
Source:
Crexi
Added: Mar 10, 2023
Changed: Aug 21
Last Checked: Sep 5 at 6:02AM
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 Cravey Real Estate Services Inc
Investment Insights
Based on property information with market context.
This commercial property offers high visibility and traffic, with convenient highway access and a large parking lot at the rear. The roof was replaced in 2017. The property spans 4,505 square feet. The sellers may include their turnkey bar business, or the open floor plan could be converted for numerous other business uses. The location benefits from its proximity to the water. Owner financing may be available at 3.5% with approved credit.
Key Highlights
- High visibility and traffic count location ideal for various businesses.
- Turnkey bar business included (at seller's discretion) or opportunity for open floor plan conversion.
- Easy highway access and large parking lot.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,938
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,038,760
$1.0M
Cap Rate 7%
$741,971
$742.0K
Cap Rate 9%
$577,089
$577.1K
Market Conditions
NOI Build-Up for 4,505 SF
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.
Gross rent
$81.1K $18.00/SF
− Vacancy
−$6.9K −$1.53/SF
EGI
$74.2K $16.47/SF
− OpEx
−$22.3K −$4.94/SF
NOI
$51.9K $11.53/SF
Area
Aransas County, TX
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,038,760
Cap Rate 7%
$741,971
Cap Rate 9%
$577,089
Alternative Uses
Best Use
Specialty Retail
$923.0K
$807.7K – $1.08M
NOI $64,613 @ 7.0% cap · market cap 9.24%
Second Best
Retail
$742.0K
$649.2K – $865.6K
NOI $51,938 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,550 @ 7.0% cap · market cap 17.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 78358, TX
1,137
Population
528
Households
2.2
Avg Household Size
60
Median Age
35%
College-Educated
97%
High-School Grad
0.8 sq mi
ZIP Area
1,421
Density / Sq Mi
$75,694
Median Household Income
$38,750
Median Earnings
$1,175
Median Rent
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - High-visibility commercial property with potential for various business uses.
Where is this retail space located?
The property is located at 3720 TX-35 Fulton, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: High visibility and traffic count location ideal for various businesses.; Turnkey bar business included (at seller's discretion) or opportunity for open floor plan conversion.; Easy highway access and large parking lot.
