Drive-Through Restaurant
For Sale
$370,000
4951 N Fm 493, Donna, TX 78537
Drive-through designed restaurant property on FM 493, suited for owner-operators seeking a ready-to-run setup.
Property Size1,600 SF
Price / SF$231.25
Days on Market138
Property Features for 4951 N Fm 493
General Information
Standard status
Active
Size
1,600 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$6,323
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Oscar Canales
(956) 900-5683
Source:
Exprealty
Added: May 6
Changed: Sep 2
Last Checked: Sep 19 at 2:39PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This drive-through restaurant property at 4951 N FM 493 in Donna, Texas is described as turnkey and currently operating successfully. The building is well-maintained and configured to support restaurant use, with a layout designed to accommodate both dine-in service and drive-thru operations. The site is intended to handle multiple vehicles, supporting convenient customer access and on-site traffic flow.
The property is positioned on N FM 493, providing straightforward visibility and accessibility from the main road. Its vehicle-friendly design supports businesses that require convenient parking and an efficient drive-thru experience for customers.
For tenants, buyers, and owner-operators looking for a restaurant-ready option, this asset offers a practical path to operation with an existing drive-through concept and a facility built for restaurant activity. It may also be a fit for other commercial concepts that can use a restaurant-style drive-through and the associated on-site vehicle circulation.
The property is positioned on N FM 493, providing straightforward visibility and accessibility from the main road. Its vehicle-friendly design supports businesses that require convenient parking and an efficient drive-thru experience for customers.
For tenants, buyers, and owner-operators looking for a restaurant-ready option, this asset offers a practical path to operation with an existing drive-through concept and a facility built for restaurant activity. It may also be a fit for other commercial concepts that can use a restaurant-style drive-through and the associated on-site vehicle circulation.
Key Highlights
- Commercial property at 4951 N FM 493 in Donna, currently operating and functioning at 100%.
- Drive‑through designed restaurant setup on FM 493, suitable for dine‑in or drive‑thru service.
- Built to accommodate multiple vehicles with parking designed for convenient customer access.
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
$23,220
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
6.28%
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%
$464,400
$464.4K
Cap Rate 7%
$331,714
$331.7K
Cap Rate 9%
$258,000
$258.0K
Market Conditions
NOI Build-Up for 1,600 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
$32.8K $20.52/SF
− Vacancy
−$1.9K −$1.17/SF
EGI
$31.0K $19.35/SF
− OpEx
−$7.7K −$4.84/SF
NOI
$23.2K $14.51/SF
Area
Hidalgo County, TX
Vacancy
5.70%
Lease Rate
$20.52 /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%
$464,400
Cap Rate 7%
$331,714
Cap Rate 9%
$258,000
Alternative Uses
Best Use
Specialty Retail
$331.7K
$290.3K – $387.0K
NOI $23,220 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.21M
$1.05M – $1.41M
NOI $84,360 @ 7.0% cap · market cap 22.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 78537, TX
51,962
Population
16,683
Households
3.1
Avg Household Size
28
Median Age
10%
College-Educated
54%
High-School Grad
57.6 sq mi
ZIP Area
902
Density / Sq Mi
$36,331
Median Household Income
$20,354
Median Earnings
$744
Median Rent
$74,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Drive-through designed restaurant property on FM 493, suited for owner-operators seeking a ready-to-run setup.
Where is this drive through restaurant located?
The property is located at 4951 N Fm 493 Donna, TX.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Commercial property at 4951 N FM 493 in Donna, currently operating and functioning at 100%.; Drive‑through designed restaurant setup on FM 493, suitable for dine‑in or drive‑thru service.; Built to accommodate multiple vehicles with parking designed for convenient customer access.
