Commercial Building with
513 N Tom Gill Road Penitas Penitas, TX 78576
513 N Tom Gill Road Penitas, Penitas, TX, 78576
$2,250,000
For Sale
$2,250,000
Masonry-front commercial building plus an on-site drive-through restaurant with over 70 parking spaces on 1.6 acres.
Property Size9,014 SF
Price / SF$249.61
Days on Market8
Property Features for 513 N Tom Gill Road Penitas
General Information
- Standard status
- Active
- Size
- 9,014 SF
Building Details
- Year Built
- 2009
Listing agency
(956) 625-0050
Listed by
Diego Silva
(956) 625-0050
Source
Goldenvalley-realestate
Added: Jul 14 Updated: Jul 20 at 10:34PM Checked: Jul 21 at 3:25AM
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 Diego Silva
Investment Insights
Based on property information with market context.
For sale is a commercial building totaling approximately +/-8,000 square feet, constructed with a solid masonry front façade and steel on the other sides. The property is currently being used as an event center, with several future contracts for the event use stated to convey with the sale (per the seller).
The site also includes a smaller +/-1,235-square-foot drive-through restaurant/sno-cone specialty shop on 1.605 acres, along with over 70 parking spaces. The property is located near banks, a Walmart Supercenter, and the growing East-West U.S. Highway 83 corridor.
The drive-through component is described as suitable for continued specialty retail use, or it could be repurposed as a drive-through pay center for other services, subject to applicable approvals.
The site also includes a smaller +/-1,235-square-foot drive-through restaurant/sno-cone specialty shop on 1.605 acres, along with over 70 parking spaces. The property is located near banks, a Walmart Supercenter, and the growing East-West U.S. Highway 83 corridor.
The drive-through component is described as suitable for continued specialty retail use, or it could be repurposed as a drive-through pay center for other services, subject to applicable approvals.
Key Highlights
- Commercial property at 513 N Tom Gill Rd on 1.6105 acres
- 9014 total building area with masonry front facade and steel sides; year built 2009
- Event center setup plus an additional 1,235 SF drive‑through restaurant/sno‑cone specialty shop
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $185.0k | $20.52 |
| − Vacancy | −$10.5k | −$1.17 |
| EGI | $174.4k | $19.35 |
| − OpEx | −$43.6k | −$4.84 |
| NOI | $130.8k | $14.51 |
9,014 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.87M
$1.64M – $2.18M
NOI $130,818 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$6.79M
$5.94M – $7.92M
NOI $475,263 @ 7.0% cap · market cap 21.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Extreme Sweets & Treats
Bar & Pub
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Masonry-front commercial building plus an on-site drive-through restaurant with over 70 parking spaces on 1.6 acres.
Where is this drive through restaurant located?
The property is located at 513 N Tom Gill Road Penitas Penitas, TX.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Commercial property at 513 N Tom Gill Rd on 1.6105 acres; 9014 total building area with masonry front facade and steel sides; year built 2009; Event center setup plus an additional 1,235 SF drive‑through restaurant/sno‑cone specialty shop
