Tenant-Occupied Restaurant
608 Tom Gill Road, Penitas, TX 78576
For Sale
$390,000
Commercial Sale, Penitas, TX
Property Size1,600 SF
Lot Size0.51 Acres
Price / SF$243.75
Days on Market82
Property Features for 608 Tom Gill Road
General Information
Property type
Property subtype
Zoning
Parking
Accessibility
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Juan C Salas
(956) 655-1572
Added: Aug 25
Changed: Oct 26
Last Checked: Nov 14 at 8:06PM
MLS# 513595
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This tenant-occupied restaurant property contains 1,600 square feet on approximately 0.5086 acres. The improvements were built in 2005 with frame/wood construction, a flat metal roof, central electric heating, and central air conditioning. An accessible approach with ramp is also in place.
The property is located at 608 Tom Gill Road in Penitas, with access to I-2/Expressway 83. The surrounding setting includes other businesses and residential areas. CO zoning is identified in the property information. Showings are scheduled by appointment and should be coordinated without disturbing the current tenant.
The property is located at 608 Tom Gill Road in Penitas, with access to I-2/Expressway 83. The surrounding setting includes other businesses and residential areas. CO zoning is identified in the property information. Showings are scheduled by appointment and should be coordinated without disturbing the current tenant.
Key Highlights
- Tenant‑occupied restaurant property at 608 Tom Gill Road
- 1,600 square feet on 0.5086 acres
- Built in 2005 with frame/wood construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,220
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
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
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 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 5.95%
Second Best
Retail
$308.6K
$270.0K – $360.1K
NOI $21,603 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$562.8K
$492.5K – $656.6K
NOI $39,398 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
171k
Monthly Visits Nearby
Well-served
Demand for This Use
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
$116,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Hidalgo County, TX
Properties on Market for Conventional restaurants in Hidalgo County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with an existing occupant, central HVAC, and ramp access.
Where is this conventional restaurant located?
The property is located at 608 Tom Gill Road Penitas, TX.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Tenant‑occupied restaurant property at 608 Tom Gill Road; 1,600 square feet on 0.5086 acres; Built in 2005 with frame/wood construction
