Restaurant with Drive-Thru For
For Sale
Contact for pricing
6202 W Mile 7 Road, Mission, TX 78574
Restaurant with drive-thru, fully equipped kitchen, ample parking.
Property Size1,600 SF
Lot Size0.50 Acres
Price / SF$180
Days on Market991
Property Features for 6202 W Mile 7 Road
General Information
Standard status
Active
Size
1,600 SF
Lot size
0.50 Acres
Property subtype
Land, Retail
Building Details
Year Built
2004
Listing Agency:
Equity Assets Realty
Listed By:
Marco Mejia
(956) 369-0899
Source:
Crexi
Added: Jan 27, 2024
Changed: Oct 10
Last Checked: Oct 12 at 7:54PM
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 Equity Assets Realty
Investment Insights
Based on property information with market context.
This pizza restaurant is available for sale. Situated off a high-traffic street, the property includes a dining area with five booths and five tables. The kitchen is fully equipped. The restaurant benefits from a drive-thru window. The property size is approximately half an acre, providing ample customer parking.
Key Highlights
- High traffic street location
- Drive‑thru window
- Fully equipped kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,220
Cap Rate
8.06%
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 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.21M
$1.05M – $1.41M
NOI $84,360 @ 7.0% cap · market cap 29.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
Explore this area
Business Placement
Demographics for 78574, TX
63,627
Population
18,309
Households
3.5
Avg Household Size
28
Median Age
16%
College-Educated
58%
High-School Grad
51.9 sq mi
ZIP Area
1,226
Density / Sq Mi
$52,536
Median Household Income
$28,029
Median Earnings
$807
Median Rent
$119,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Restaurant with drive-thru, fully equipped kitchen, ample parking.
Where is this drive through restaurant located?
The property is located at 6202 W Mile 7 Road Mission, TX.
What is the asking price?
The asking price for this property is $288,000.
What are key features of this property?
This property features: High traffic street location; Drive‑thru window; Fully equipped kitchen
