Renovated Restaurant Near University of
For Sale
Contact for pricing
3915 University Blvd, Tyler, TX 75707
Recently renovated restaurant near UT Tyler with drive-thru.
Property Size3,275 SF
Price / SF$381.68
Days on Market169
Property Features for 3915 University Blvd
General Information
Standard status
Active
Size
3,275 SF
Property subtype
Retail
Zoning
Commercial (C-1)
Investment Type
Owner/User
Building Details
Year Built
2014
Year Renovated
2024
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Trade Properties
Listed By:
Chris Adams · License #619855
Source:
Crexi
Added: Mar 14
Changed: Aug 24
Last Checked: Aug 29 at 3:47PM
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 Trade Properties
Investment Insights
Based on property information with market context.
The property at 3915 W. University Blvd, Tyler, TX 75071 is a renovated restaurant in Tyler, the largest city in East Texas, which serves as an economic and medical hub. Originally constructed in 2014 and renovated in 2025, the property has highway visibility and is located directly across University Boulevard from the University of Texas at Tyler, which has an enrollment of 10,000 students, including the recently established School of Medicine. Fall 2025 enrollment set a record for UT Tyler with 11,600 students. Enrollment is expected to exceed 13,000 students by 2027 leading to large planned projects for the subject property intersection, including a pedestrian bridge and traffic signal that will soon connect the primary entrance to UT Tyler with the subject property and surrounding commercial properties. This will also help accommodate planned student housing projects to help facilitate the increased enrollment. The recently renovated restaurant features a relatively large interior and can support a variety of kitchen and dining arrangements. The property is a 3,275 square foot drive-thru restaurant. Expect traffic and demand for retail, student housing, and dining options to increase significantly in upcoming years. This is an opportunity for an owner/user or investor to acquire a drive-thru restaurant situated at the main entrance to a growing university with planned surrounding development poised to bring additional vehicle and foot traffic to the Property and surrounding retail in the near future.
Key Highlights
- Newly renovated restaurant (renovated in 2025) at the main entrance to the University of Texas at Tyler.
- High visibility location directly across from UT Tyler**, with record enrollment of 11,600 students (Fall 2025) expected to exceed 13,000 by 2027.
- Planned infrastructure improvements including a pedestrian bridge and traffic signal connecting the property to the university.
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
$40,882
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
3.27%
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%
$817,640
$817.6K
Cap Rate 7%
$584,029
$584.0K
Cap Rate 9%
$454,244
$454.2K
Market Conditions
NOI Build-Up for 3,275 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
$57.4K $17.52/SF
− Vacancy
−$2.9K −$0.88/SF
EGI
$54.5K $16.64/SF
− OpEx
−$13.6K −$4.16/SF
NOI
$40.9K $12.48/SF
Area
Tyler, TX
Vacancy
5.00%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
25.00%
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%
$817,640
Cap Rate 7%
$584,029
Cap Rate 9%
$454,244
Alternative Uses
Best Use
Specialty Retail
$584.0K
$511.0K – $681.4K
NOI $40,882 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$731.0K
$639.6K – $852.8K
NOI $51,168 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 47%
CEFCO
Shops & Services
3,928 visits/mo
0.1 miles
Insomnia Cookies
Dining
2,277 visits/mo
0.3 miles
Pizza Hut
Dining
1,212 visits/mo
0.4 miles
Demographics for 75707, TX
16,620
Population
6,858
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
92%
High-School Grad
52.4 sq mi
ZIP Area
317
Density / Sq Mi
$85,406
Median Household Income
$44,425
Median Earnings
$1,415
Median Rent
$256,300
Median Home Value
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 - Recently renovated restaurant near UT Tyler with drive-thru.
Where is this drive through restaurant located?
The property is located at 3915 University Blvd Tyler, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Newly renovated restaurant (renovated in 2025) at the main entrance to the University of Texas at Tyler.; High visibility location directly across from UT Tyler**, with record enrollment of 11,600 students (Fall 2025) expected to exceed 13,000 by 2027.; Planned infrastructure improvements including a pedestrian bridge and traffic signal connecting the property to the university.
