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    Retail Building with Drive-Thru Title is generated by Realmo AI

    424 Early, Early, TX 76802

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    Picture of Drive through restaurants at 424 Early, Early, TX
    For Lease
    $30 SF/Yr $7,225/Mo (calc)

    Retail - Early, TX

    Type:Retail
    Property size:
    2,890 SF
    Lot size:
    0.80 Acres
    Added:
    May 5, 2026
    Days on Market:
    13
    Last Refresh:
    May 17 at 12:06 am

    Property Features for 424 Early

    General Information

    Property type
    Other
    Property subtype
    Retail
    Parking features
    Other, Parking Lot
    Standard status
    Active
    APN
    49324
    Size
    2,890 SF
    Lot size
    0.80 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2018
    Flooring type
    Other, Tile
    Roof type
    Built-Up
    Architectural style
    Other

    We can help!

    Listing Contact
    Brandon Harris
    Brandon Harris

    Listing agent Brandon Harris License #0497300

    Listing office Mesa Commercial Real Estate 114 Center Avenue, Suite 308, Brownwood, TX

    Listing date May 5, 2026

    MLS# 20995626 Listing URL

    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.

    HighLights

    • 2nd generation QSR building with drive‑thru
    • Includes furniture, fixtures and equipment (FF&E)
    • Excellent visibility and access
    • Located in a growing rural market serving over 105K population
    • Built in 2018
    • Building size: 2,890 SF on 0.80 AC land

    Overview

    This is a 2,890-square-foot building on 0.80 acres of land. It is a second-generation quick-service restaurant (QSR) building with a drive-thru. The property includes furniture, fixtures, and equipment (FF&E). It offers excellent visibility and access. Located in Early, near Brownwood and Lake Brownwood, this growing rural market in the heart of Texas serves a population of over 105,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Early
    County
    Brown
    State
    Texas
    Longitude
    -98.959324
    Latitude
    31.737189

    Nearby Similar for Lease

    • $35 SF/Yr

      Premier Retail Destination in Early, TX

      Dynamic commercial spaces for restaurants, boutiques, and professional services.
      109 Kelcy Wacy, Early, TX 76802
      View Details
    • $32 SF/Yr
      18,000 SF

      New Mixed-Use Development in Early

      Restaurant and retail spaces available in Early Town Center.
      105 Kelcy Way, Early, TX 76802
      View Details
    • $40 SF/Yr
      2,890 SF

      Drive-Thru Restaurant in Growing Market

      Second-generation QSR building with drive-thru in Early, Texas.
      424 Early, Early, TX 76802
      View Details
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      7,212 SF

      Retail Space in Mixed-Use Development

      7,212 SF retail space in new mixed-use development.
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      Commercial Property for Lease

      Commercial property available for lease in Early, Texas.
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    FAQs

    What type of property is this?
    Drive through restaurant - Second generation QSR building with drive-thru in growing Texas market.
    Where is this drive through restaurant located?
    The property is located at 424 Early Early, TX.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 2nd generation QSR building with drive‑thru; Includes furniture, fixtures and equipment (FF&E); Excellent visibility and access
    (214) 577-1520
    We can help!
    Listing Contact
    Brandon Harris
    Brandon Harris
    Real Estate License ID: 0497300
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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