Mixed-Use Property with
New
For Sale
$2,100,000
513 N Tom Gill Road, Penitas, TX 78576
The property combines an event venue with a separate drive-through snack shop.
Property Size9,014 SF
Lot Size1.61 Acres
Price / SF$232.97
Days on Market4
Property Features for 513 N Tom Gill Road
General Information
Standard status
Active
Size
9,014 SF
Total Parking Spaces
75
Lot size
1.61 Acres
Property subtype
Commercial
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Additional Details
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$14,812
Building Details
Building Size
9,014 SF
Year Built
2009
Stories
1
Construction
masonry & steel
Listing Agency:
Hacienda Properties RGV LLC.
(956) 782-9222
Listed By:
Hector M. Guerra · License #TREC#0341517
(956) 605-6200
Source:
Justrealty
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 3:41PM
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 Hacienda Properties RGV LLC.
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Investment Insights
Based on property information with market context.
Set on 1.605 acres, this mixed-use property includes a 9,014-square-foot building currently operating as an event center and a separate 1,235-square-foot drive-through snack shop. The main building, constructed in 2009, has a solid masonry front façade with steel on the remaining sides. The site also provides over 70 parking spaces.
The property is near banks, a Walmart Supercenter, and the U.S. Highway 83 corridor. Its combination of event space and a standalone food-service structure makes up the site's two principal improvements.
The property is near banks, a Walmart Supercenter, and the U.S. Highway 83 corridor. Its combination of event space and a standalone food-service structure makes up the site's two principal improvements.
Key Highlights
- 9,014‑square‑foot event center on 1.605 acres
- Separate 1,235‑square‑foot drive‑through snack shop
- Over 70 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,818
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,616,360
$2.6M
Cap Rate 7%
$1,868,829
$1.9M
Cap Rate 9%
$1,453,533
$1.5M
Market Conditions
NOI Build-Up for 9,014 SF
Gross rent
$185.0K $20.52/SF
− Vacancy
−$10.5K −$1.17/SF
EGI
$174.4K $19.35/SF
− OpEx
−$43.6K −$4.84/SF
NOI
$130.8K $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 Rate 5%
$2,616,360
Cap Rate 7%
$1,868,829
Cap Rate 9%
$1,453,533
Alternative Uses
Best Use
Specialty Retail
$1.87M
$1.64M – $2.18M
NOI $130,818 @ 7.0% cap · market cap 6.23%
Second Best
Mixed Use
$1.30M
$1.14M – $1.52M
NOI $91,267 @ 7.0% cap · market cap 4.35%
Theoretical Best
Hotel Hospitality
$6.79M
$5.94M – $7.92M
NOI $475,263 @ 7.0% cap · market cap 22.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
171k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 53%
Dining 23%
Shops & Services 20%
Electronics 3%
Walmart
Superstores
90,183 visits/mo
0.3 miles
Dollar Tree
Shops & Services
22,230 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
12,425 visits/mo
0.4 miles
SONIC Drive In
Dining
9,456 visits/mo
0.4 miles
Dollar General
Shops & Services
8,321 visits/mo
0.3 miles
Demographics for 78576, TX
13,901
Population
3,362
Households
4.1
Avg Household Size
25
Median Age
6%
College-Educated
53%
High-School Grad
58.2 sq mi
ZIP Area
239
Density / Sq Mi
$48,205
Median Household Income
$21,962
Median Earnings
$629
Median Rent
$116,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines an event venue with a separate drive-through snack shop.
Where is this mixed-use property located?
The property is located at 513 N Tom Gill Road Penitas, TX.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 9,014‑square‑foot event center on 1.605 acres; Separate 1,235‑square‑foot drive‑through snack shop; Over 70 parking spaces
